AW14.DE vs. SPP2.DE

Last updated Jun 5, 2026

AW14.DE (UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc) and SPP2.DE (SPDR MSCI ACWI UCITS ETF USD Hedged Acc) are both Global Equities funds - AW14.DE tracks the MSCI ACWI Climate Paris Aligned while SPP2.DE tracks the MSCI ACWI (USD Hedged). Both are passively managed. Over the past 3 years, AW14.DE returned 15.68%/yr vs 18.34%/yr for SPP2.DE. Their correlation of 0.92 suggests significant overlap in exposure. AW14.DE charges 0.18%/yr vs 0.45%/yr for SPP2.DE.

Performance

AW14.DE vs. SPP2.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc (AW14.DE) and SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AW14.DE is traded in EUR, while SPP2.DE is traded in USD. To make them comparable, the SPP2.DE values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, AW14.DE achieves a 9.78% return, which is significantly lower than SPP2.DE's 13.03% return.

AW14.DE

• 1D: 0.15%
• 1M: 4.56%
• YTD: 9.78%
• 6M: 10.03%
• 1Y: 22.22%
• 3Y*: 15.68%
• 5Y*: —
• 10Y*: —

SPP2.DE

• 1D: -0.15%
• 1M: 5.25%
• YTD: 13.03%
• 6M: 13.50%
• 1Y: 27.58%
• 3Y*: 18.34%
• 5Y*: 13.66%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AW14.DE vs. SPP2.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%
SPP2.DE SPDR MSCI ACWI UCITS ETF USD Hedged Acc	13.04%	7.39%	27.67%	19.17%	-11.61%	8.85%

Correlation

The correlation between AW14.DE and SPP2.DE is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (All Time) Calculated using the full available price history since Aug 10, 2021	0.92

The correlation between AW14.DE and SPP2.DE has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

Return for Risk

AW14.DE vs. SPP2.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AW14.DE

AW14.DE Risk / Return Rank: 57
AW14.DE Sharpe Ratio Rank: 56
AW14.DE Sortino Ratio Rank: 56
AW14.DE Omega Ratio Rank: 57
AW14.DE Calmar Ratio Rank: 56
AW14.DE Martin Ratio Rank: 59

SPP2.DE

SPP2.DE Risk / Return Rank: 78
SPP2.DE Sharpe Ratio Rank: 77
SPP2.DE Sortino Ratio Rank: 82
SPP2.DE Omega Ratio Rank: 78
SPP2.DE Calmar Ratio Rank: 74
SPP2.DE Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AW14.DE vs. SPP2.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 SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.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	SPP2.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.19	-0.33
Sortino ratio: Return per unit of downside risk	2.63	3.05	-0.42
Omega ratio: Gain probability vs. loss probability	1.35	1.41	-0.06
Calmar ratio: Return relative to maximum drawdown	2.69	4.68	-1.99
Martin ratio: Return relative to average drawdown	10.31	16.59	-6.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AW14.DE vs. SPP2.DE - Sharpe Ratio Comparison

The current AW14.DE Sharpe Ratio is 1.86, which is comparable to the SPP2.DE Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of AW14.DE and SPP2.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AW14.DE	SPP2.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	2.19	-0.33
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	1.08	-0.42

Drawdowns

AW14.DE vs. SPP2.DE - Drawdown Comparison

The maximum AW14.DE drawdown since its inception was -21.21%, roughly equal to the maximum SPP2.DE drawdown of -21.23%. Use the drawdown chart below to compare losses from any high point for AW14.DE and SPP2.DE.

Drawdown Indicators

	AW14.DE	SPP2.DE	Difference
Max Drawdown Largest peak-to-trough decline	-21.21%	-21.23%	+0.02%
Max Drawdown (1Y) Largest decline over 1 year	-8.23%	-5.87%	-2.36%
Max Drawdown (3Y) Largest decline over 3 years	-21.21%	-21.23%	+0.02%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.23%	—
Current Drawdown Current decline from peak	-0.48%	-0.53%	+0.05%
Average Drawdown Average peak-to-trough decline	-5.50%	-3.51%	-1.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	1.66%	+0.49%

Volatility

AW14.DE vs. SPP2.DE - Volatility Comparison

UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc (AW14.DE) and SPDR MSCI ACWI UCITS ETF USD Hedged Acc (SPP2.DE) have volatilities of 3.25% and 3.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AW14.DE	SPP2.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	3.27%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	8.42%	9.26%	-0.84%
Volatility (1Y) Calculated over the trailing 1-year period	11.90%	12.55%	-0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.39%	14.69%	-0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.39%	14.56%	-0.17%

AW14.DE vs. SPP2.DE - Expense Ratio Comparison

AW14.DE has a 0.18% expense ratio, which is lower than SPP2.DE's 0.45% expense ratio.

Dividends

AW14.DE vs. SPP2.DE - Dividend Comparison

Neither AW14.DE nor SPP2.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AW14.DE and SPP2.DE in my portfolio?

AW14.DE and SPP2.DE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AW14.DE or SPP2.DE?

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.

Which ETF is cheaper, AW14.DE or SPP2.DE?

AW14.DE is cheaper with a 0.18% expense ratio, compared with 0.45% for SPP2.DE.

What is the main difference between AW14.DE and SPP2.DE?

AW14.DE tracks MSCI ACWI Climate Paris Aligned, while SPP2.DE tracks MSCI ACWI (USD Hedged). They also come from different issuers: UBS and State Street. Their fees differ too: 0.18% for AW14.DE and 0.45% for SPP2.DE.