AW14.DE vs. ETLQ.DE
AW14.DE (UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc) and ETLQ.DE (L&G Global Equity UCITS ETF) are both Global Equities funds - AW14.DE tracks the MSCI ACWI Climate Paris Aligned while ETLQ.DE tracks the Solactive Core Developed Markets Large & Mid Cap. Both are passively managed. Over the past 3 years, AW14.DE returned 15.68%/yr vs 17.73%/yr for ETLQ.DE. With a 0.96 correlation, they move nearly in lockstep. AW14.DE charges 0.18%/yr vs 0.10%/yr for ETLQ.DE.
Performance
AW14.DE vs. ETLQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW14.DE achieves a 9.78% return, which is significantly lower than ETLQ.DE's 10.88% return.
AW14.DE
- 1D
- 0.15%
- 1M
- 4.56%
- YTD
- 9.78%
- 6M
- 10.03%
- 1Y
- 22.22%
- 3Y*
- 15.68%
- 5Y*
- —
- 10Y*
- —
ETLQ.DE
- 1D
- 0.00%
- 1M
- 4.96%
- YTD
- 10.88%
- 6M
- 11.36%
- 1Y
- 23.93%
- 3Y*
- 17.73%
- 5Y*
- 13.10%
- 10Y*
- —
AW14.DE vs. ETLQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW14.DE UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc | 9.78% | 6.83% | 23.93% | 18.70% | -16.33% | 8.05% |
ETLQ.DE L&G Global Equity UCITS ETF | 10.88% | 8.14% | 26.10% | 20.83% | -13.64% | 9.25% |
Correlation
The correlation between AW14.DE and ETLQ.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2021 | 0.97 |
The correlation between AW14.DE and ETLQ.DE has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.
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Return for Risk
AW14.DE vs. ETLQ.DE — Risk / Return Rank
AW14.DE
ETLQ.DE
AW14.DE vs. ETLQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc (AW14.DE) and L&G Global Equity UCITS ETF (ETLQ.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.
| AW14.DE | ETLQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 3.56 | -0.88 |
| Martin ratioReturn relative to average drawdown | 10.31 | 14.23 | -3.92 |
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
| AW14.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 2.13 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.93 | -0.27 |
Drawdowns
AW14.DE vs. ETLQ.DE - Drawdown Comparison
The maximum AW14.DE drawdown since its inception was -21.21%, smaller than the maximum ETLQ.DE drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for AW14.DE and ETLQ.DE.
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Drawdown Indicators
| AW14.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.21% | -33.38% | +12.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.23% | -6.68% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -21.21% | -21.58% | +0.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.58% | — |
Current DrawdownCurrent decline from peak | -0.48% | -0.34% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -5.50% | -4.33% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 1.68% | +0.47% |
Volatility
AW14.DE vs. ETLQ.DE - Volatility Comparison
UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc (AW14.DE) has a higher volatility of 3.25% compared to L&G Global Equity UCITS ETF (ETLQ.DE) at 2.68%. This indicates that AW14.DE's price experiences larger fluctuations and is considered to be riskier than ETLQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AW14.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 2.68% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 8.42% | 7.77% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.90% | 11.18% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 14.06% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.39% | 15.74% | -1.35% |
AW14.DE vs. ETLQ.DE - Expense Ratio Comparison
AW14.DE has a 0.18% expense ratio, which is higher than ETLQ.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AW14.DE vs. ETLQ.DE - Dividend Comparison
Neither AW14.DE nor ETLQ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, AW14.DE and ETLQ.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, ETLQ.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLQ.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for AW14.DE.
AW14.DE tracks MSCI ACWI Climate Paris Aligned, while ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap. They also come from different issuers: UBS and Legal & General. Their fees differ too: 0.18% for AW14.DE and 0.10% for ETLQ.DE.
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