AW12.DE vs. EUNZ.DE
AW12.DE (UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds - AW12.DE tracks the MSCI Emerging Markets Climate Paris Aligned while EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past 3 years, AW12.DE returned 18.73%/yr vs 11.07%/yr for EUNZ.DE. A 0.80 correlation means they provide meaningful diversification when combined. AW12.DE charges 0.16%/yr vs 0.40%/yr for EUNZ.DE.
Performance
AW12.DE vs. EUNZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW12.DE achieves a 24.98% return, which is significantly higher than EUNZ.DE's 18.69% return.
AW12.DE
- 1D
- -1.17%
- 1M
- 4.69%
- YTD
- 24.98%
- 6M
- 27.25%
- 1Y
- 46.00%
- 3Y*
- 18.73%
- 5Y*
- —
- 10Y*
- —
EUNZ.DE
- 1D
- -1.19%
- 1M
- 5.16%
- YTD
- 18.69%
- 6M
- 18.37%
- 1Y
- 22.59%
- 3Y*
- 11.07%
- 5Y*
- 6.48%
- 10Y*
- 6.20%
AW12.DE vs. EUNZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW12.DE UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc | 24.98% | 18.87% | 12.31% | 3.30% | -15.75% | -1.31% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 18.69% | -0.15% | 15.73% | 3.85% | -8.85% | 4.76% |
Correlation
The correlation between AW12.DE and EUNZ.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2021 | 0.80 |
The correlation between AW12.DE and EUNZ.DE has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
AW12.DE vs. EUNZ.DE — Risk / Return Rank
AW12.DE
EUNZ.DE
AW12.DE vs. EUNZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc (AW12.DE) and iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AW12.DE | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.35 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.61 | 3.00 | +1.61 |
| Martin ratioReturn relative to average drawdown | 16.28 | 10.57 | +5.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AW12.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 1.85 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.56 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.35 | +0.08 |
Drawdowns
AW12.DE vs. EUNZ.DE - Drawdown Comparison
The maximum AW12.DE drawdown since its inception was -24.09%, smaller than the maximum EUNZ.DE drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for AW12.DE and EUNZ.DE.
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Drawdown Indicators
| AW12.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.09% | -30.47% | +6.38% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -7.50% | -2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -18.93% | -14.00% | -4.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.15% | — |
Current DrawdownCurrent decline from peak | -2.26% | -1.96% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -7.62% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.13% | +0.69% |
Volatility
AW12.DE vs. EUNZ.DE - Volatility Comparison
UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc (AW12.DE) has a higher volatility of 7.44% compared to iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) at 4.75%. This indicates that AW12.DE's price experiences larger fluctuations and is considered to be riskier than EUNZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AW12.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 4.75% | +2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 14.88% | 10.35% | +4.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 12.18% | +6.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.92% | 11.41% | +6.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.92% | 13.32% | +4.60% |
AW12.DE vs. EUNZ.DE - Expense Ratio Comparison
AW12.DE has a 0.16% expense ratio, which is lower than EUNZ.DE's 0.40% expense ratio.
Dividends
AW12.DE vs. EUNZ.DE - Dividend Comparison
Neither AW12.DE nor EUNZ.DE has paid dividends to shareholders.
Frequently Asked Questions
AW12.DE and EUNZ.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW12.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW12.DE is cheaper with a 0.16% expense ratio, compared with 0.40% for EUNZ.DE.
AW12.DE tracks MSCI Emerging Markets Climate Paris Aligned, while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. They also come from different issuers: UBS and iShares. Their fees differ too: 0.16% for AW12.DE and 0.40% for EUNZ.DE.
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