AW12.DE vs. IBC3.DE
AW12.DE (UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc) and IBC3.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF) are both Emerging Markets Equities funds - AW12.DE tracks the MSCI Emerging Markets Climate Paris Aligned while IBC3.DE tracks the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 3 years, AW12.DE returned 18.73%/yr vs 20.30%/yr for IBC3.DE. Their correlation of 0.93 suggests significant overlap in exposure. AW12.DE charges 0.16%/yr vs 0.18%/yr for IBC3.DE.
Performance
AW12.DE vs. IBC3.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with AW12.DE having a 24.98% return and IBC3.DE slightly higher at 25.91%.
AW12.DE
- 1D
- -1.17%
- 1M
- 4.69%
- YTD
- 24.98%
- 6M
- 27.25%
- 1Y
- 46.00%
- 3Y*
- 18.73%
- 5Y*
- —
- 10Y*
- —
IBC3.DE
- 1D
- -1.44%
- 1M
- 5.28%
- YTD
- 25.91%
- 6M
- 27.63%
- 1Y
- 47.26%
- 3Y*
- 20.30%
- 5Y*
- 8.85%
- 10Y*
- —
AW12.DE vs. IBC3.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% |
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 25.91% | 17.59% | 14.06% | 7.48% | -13.80% | -0.59% |
Correlation
The correlation between AW12.DE and IBC3.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2021 | 0.93 |
The correlation between AW12.DE and IBC3.DE has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
AW12.DE vs. IBC3.DE — Risk / Return Rank
AW12.DE
IBC3.DE
AW12.DE vs. IBC3.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 Core MSCI Emerging Markets IMI UCITS ETF (IBC3.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 | IBC3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.49 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.61 | 4.51 | +0.09 |
| Martin ratioReturn relative to average drawdown | 16.28 | 16.28 | -0.01 |
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 | IBC3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 2.71 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.47 | -0.05 |
Drawdowns
AW12.DE vs. IBC3.DE - Drawdown Comparison
The maximum AW12.DE drawdown since its inception was -24.09%, smaller than the maximum IBC3.DE drawdown of -31.89%. Use the drawdown chart below to compare losses from any high point for AW12.DE and IBC3.DE.
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Drawdown Indicators
| AW12.DE | IBC3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.09% | -31.89% | +7.80% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -10.42% | +0.48% |
Max Drawdown (3Y)Largest decline over 3 years | -18.93% | -19.08% | +0.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.95% | — |
Current DrawdownCurrent decline from peak | -2.26% | -2.52% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -7.84% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.89% | -0.07% |
Volatility
AW12.DE vs. IBC3.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 Core MSCI Emerging Markets IMI UCITS ETF (IBC3.DE) at 7.06%. This indicates that AW12.DE's price experiences larger fluctuations and is considered to be riskier than IBC3.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 | IBC3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.44% | 7.06% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 14.88% | 14.60% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 17.37% | +0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.92% | 16.23% | +1.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.92% | 18.42% | -0.50% |
AW12.DE vs. IBC3.DE - Expense Ratio Comparison
AW12.DE has a 0.16% expense ratio, which is lower than IBC3.DE's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AW12.DE vs. IBC3.DE - Dividend Comparison
AW12.DE has not paid dividends to shareholders, while IBC3.DE's dividend yield for the trailing twelve months is around 1.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AW12.DE UBS ETF (IE) MSCI Emerging Markets Climate Paris Aligned UCITS ETF (USD) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBC3.DE iShares Core MSCI Emerging Markets IMI UCITS ETF | 1.88% | 2.26% | 2.44% | 2.69% | 3.36% | 2.18% | 2.09% | 2.56% | 2.08% |
Frequently Asked Questions
With a correlation of 0.94, AW12.DE and IBC3.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.18% for IBC3.DE.
AW12.DE tracks MSCI Emerging Markets Climate Paris Aligned, while IBC3.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: UBS and iShares. Their fees differ too: 0.16% for AW12.DE and 0.18% for IBC3.DE.
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