AW14.DE vs. IBCZ.DE
AW14.DE (UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc) and IBCZ.DE (iShares Edge MSCI World Multifactor UCITS ETF USD (Acc)) are both Global Equities funds - AW14.DE tracks the MSCI ACWI Climate Paris Aligned while IBCZ.DE tracks the MSCI World Diversified Multiple-Factor. Both are passively managed. Over the past 3 years, AW14.DE returned 15.68%/yr vs 18.64%/yr for IBCZ.DE. Their correlation of 0.91 suggests significant overlap in exposure. AW14.DE charges 0.18%/yr vs 0.50%/yr for IBCZ.DE.
Performance
AW14.DE vs. IBCZ.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 IBCZ.DE's 13.04% return.
AW14.DE
- 1D
- 0.15%
- 1M
- 3.26%
- YTD
- 9.78%
- 6M
- 9.52%
- 1Y
- 21.86%
- 3Y*
- 15.68%
- 5Y*
- —
- 10Y*
- —
IBCZ.DE
- 1D
- -0.16%
- 1M
- 5.09%
- YTD
- 13.04%
- 6M
- 13.32%
- 1Y
- 27.58%
- 3Y*
- 18.64%
- 5Y*
- 12.00%
- 10Y*
- 11.45%
AW14.DE vs. IBCZ.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% |
IBCZ.DE iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) | 13.04% | 12.05% | 24.09% | 11.45% | -10.83% | 7.59% |
Correlation
The correlation between AW14.DE and IBCZ.DE is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2021 | 0.91 |
The correlation between AW14.DE and IBCZ.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
AW14.DE vs. IBCZ.DE — Risk / Return Rank
AW14.DE
IBCZ.DE
AW14.DE vs. IBCZ.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 iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.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 | IBCZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.45 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 5.23 | -2.55 |
| Martin ratioReturn relative to average drawdown | 10.31 | 20.97 | -10.65 |
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 | IBCZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 2.42 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.69 | -0.02 |
Drawdowns
AW14.DE vs. IBCZ.DE - Drawdown Comparison
The maximum AW14.DE drawdown since its inception was -21.21%, smaller than the maximum IBCZ.DE drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for AW14.DE and IBCZ.DE.
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Drawdown Indicators
| AW14.DE | IBCZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.21% | -33.99% | +12.78% |
Max Drawdown (1Y)Largest decline over 1 year | -8.23% | -5.29% | -2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -21.21% | -19.98% | -1.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -0.48% | -0.60% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -5.50% | -4.52% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.15% | 1.32% | +0.83% |
Volatility
AW14.DE vs. IBCZ.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 iShares Edge MSCI World Multifactor UCITS ETF USD (Acc) (IBCZ.DE) at 3.05%. This indicates that AW14.DE's price experiences larger fluctuations and is considered to be riskier than IBCZ.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 | IBCZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 3.05% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 8.42% | 8.16% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.90% | 11.42% | +0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.39% | 14.11% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.39% | 15.13% | -0.74% |
AW14.DE vs. IBCZ.DE - Expense Ratio Comparison
AW14.DE has a 0.18% expense ratio, which is lower than IBCZ.DE's 0.50% expense ratio.
Dividends
AW14.DE vs. IBCZ.DE - Dividend Comparison
Neither AW14.DE nor IBCZ.DE has paid dividends to shareholders.
Frequently Asked Questions
AW14.DE and IBCZ.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW14.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW14.DE is cheaper with a 0.18% expense ratio, compared with 0.50% for IBCZ.DE.
AW14.DE tracks MSCI ACWI Climate Paris Aligned, while IBCZ.DE tracks MSCI World Diversified Multiple-Factor. They also come from different issuers: UBS and iShares. Their fees differ too: 0.18% for AW14.DE and 0.50% for IBCZ.DE.
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