AW15.DE vs. ETLR.DE
AW15.DE (UBS ETF (IE) MSCI Japan Climate Paris Aligned UCITS ETF (JPY) Acc) and ETLR.DE (L&G Japan Equity UCITS ETF) are both Japan Equities funds - AW15.DE tracks the MSCI Japan Climate Paris Aligned while ETLR.DE tracks the Solactive Core Japan Large & Mid Cap. Both are passively managed. Over the past 5 years, AW15.DE returned 3.15%/yr vs 9.93%/yr for ETLR.DE. Their correlation of 0.92 suggests significant overlap in exposure. AW15.DE charges 0.12%/yr vs 0.10%/yr for ETLR.DE.
Performance
AW15.DE vs. ETLR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW15.DE achieves a 8.65% return, which is significantly lower than ETLR.DE's 15.36% return.
AW15.DE
- 1D
- -1.40%
- 1M
- 0.24%
- YTD
- 8.65%
- 6M
- 7.80%
- 1Y
- 22.36%
- 3Y*
- 6.95%
- 5Y*
- 3.15%
- 10Y*
- —
ETLR.DE
- 1D
- -0.30%
- 1M
- 3.65%
- YTD
- 15.36%
- 6M
- 15.65%
- 1Y
- 29.68%
- 3Y*
- 15.30%
- 5Y*
- 9.93%
- 10Y*
- —
AW15.DE vs. ETLR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW15.DE UBS ETF (IE) MSCI Japan Climate Paris Aligned UCITS ETF (JPY) Acc | 8.65% | 10.45% | 2.67% | 12.34% | -19.88% | 2.52% |
ETLR.DE L&G Japan Equity UCITS ETF | 15.36% | 12.36% | 14.84% | 16.06% | -11.99% | 3.42% |
Correlation
The correlation between AW15.DE and ETLR.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.92 |
The correlation between AW15.DE and ETLR.DE has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.
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Return for Risk
AW15.DE vs. ETLR.DE — Risk / Return Rank
AW15.DE
ETLR.DE
AW15.DE vs. ETLR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI Japan Climate Paris Aligned UCITS ETF (JPY) Acc (AW15.DE) and L&G Japan Equity UCITS ETF (ETLR.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.
| AW15.DE | ETLR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.30 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 2.74 | -0.86 |
| Martin ratioReturn relative to average drawdown | 6.07 | 8.92 | -2.85 |
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
| AW15.DE | ETLR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 1.56 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.60 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.61 | -0.45 |
Drawdowns
AW15.DE vs. ETLR.DE - Drawdown Comparison
The maximum AW15.DE drawdown since its inception was -27.14%, roughly equal to the maximum ETLR.DE drawdown of -27.67%. Use the drawdown chart below to compare losses from any high point for AW15.DE and ETLR.DE.
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Drawdown Indicators
| AW15.DE | ETLR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.14% | -27.67% | +0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -10.40% | -1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -17.61% | -16.42% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -27.14% | -18.73% | -8.41% |
Current DrawdownCurrent decline from peak | -1.40% | -0.30% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -12.19% | -5.44% | -6.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 3.20% | +0.35% |
Volatility
AW15.DE vs. ETLR.DE - Volatility Comparison
UBS ETF (IE) MSCI Japan Climate Paris Aligned UCITS ETF (JPY) Acc (AW15.DE) has a higher volatility of 4.43% compared to L&G Japan Equity UCITS ETF (ETLR.DE) at 3.19%. This indicates that AW15.DE's price experiences larger fluctuations and is considered to be riskier than ETLR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AW15.DE | ETLR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 3.19% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 15.05% | 14.63% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.33% | 18.30% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.47% | 16.32% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.42% | 16.84% | -0.42% |
AW15.DE vs. ETLR.DE - Expense Ratio Comparison
AW15.DE has a 0.12% expense ratio, which is higher than ETLR.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
AW15.DE vs. ETLR.DE - Dividend Comparison
Neither AW15.DE nor ETLR.DE has paid dividends to shareholders.
Frequently Asked Questions
AW15.DE and ETLR.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETLR.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLR.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for AW15.DE.
AW15.DE tracks MSCI Japan Climate Paris Aligned, while ETLR.DE tracks Solactive Core Japan Large & Mid Cap. They also come from different issuers: UBS and Legal & General. Their fees differ too: 0.12% for AW15.DE and 0.10% for ETLR.DE.
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