AW16.DE vs. MVEA.DE
AW16.DE (UBS ETF (IE) MSCI USA Climate Paris Aligned UCITS ETF (USD) Acc) and MVEA.DE (iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF) are both Large Cap Blend Equities funds - AW16.DE tracks the MSCI USA Climate Paris Aligned while MVEA.DE tracks the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, AW16.DE returned 13.34%/yr vs 6.87%/yr for MVEA.DE. A 0.74 correlation means they provide meaningful diversification when combined. AW16.DE charges 0.09%/yr vs 0.20%/yr for MVEA.DE.
Performance
AW16.DE vs. MVEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW16.DE achieves a 11.61% return, which is significantly higher than MVEA.DE's 2.43% return.
AW16.DE
- 1D
- -0.06%
- 1M
- 7.15%
- YTD
- 11.61%
- 6M
- 10.64%
- 1Y
- 23.54%
- 3Y*
- 17.62%
- 5Y*
- 13.34%
- 10Y*
- —
MVEA.DE
- 1D
- -0.13%
- 1M
- 3.15%
- YTD
- 2.43%
- 6M
- 2.17%
- 1Y
- 1.20%
- 3Y*
- 6.69%
- 5Y*
- 6.87%
- 10Y*
- —
AW16.DE vs. MVEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW16.DE UBS ETF (IE) MSCI USA Climate Paris Aligned UCITS ETF (USD) Acc | 11.61% | 0.95% | 31.99% | 25.24% | -19.63% | 26.52% |
MVEA.DE iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF | 2.43% | -7.09% | 19.73% | 8.74% | -6.83% | 22.82% |
Correlation
The correlation between AW16.DE and MVEA.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.74 |
Over the past year, the correlation between AW16.DE and MVEA.DE has dropped to 0.45 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
AW16.DE vs. MVEA.DE — Risk / Return Rank
AW16.DE
MVEA.DE
AW16.DE vs. MVEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI USA Climate Paris Aligned UCITS ETF (USD) Acc (AW16.DE) and iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.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.
| AW16.DE | MVEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.02 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 0.17 | +0.91 |
| Martin ratioReturn relative to average drawdown | 2.02 | 0.35 | +1.68 |
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
| AW16.DE | MVEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.09 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.55 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.66 | +0.03 |
Drawdowns
AW16.DE vs. MVEA.DE - Drawdown Comparison
The maximum AW16.DE drawdown since its inception was -24.99%, which is greater than MVEA.DE's maximum drawdown of -17.47%. Use the drawdown chart below to compare losses from any high point for AW16.DE and MVEA.DE.
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Drawdown Indicators
| AW16.DE | MVEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.99% | -17.47% | -7.52% |
Max Drawdown (1Y)Largest decline over 1 year | -21.98% | -4.92% | -17.06% |
Max Drawdown (3Y)Largest decline over 3 years | -24.99% | -17.47% | -7.52% |
Max Drawdown (5Y)Largest decline over 5 years | -24.99% | -17.47% | -7.52% |
Current DrawdownCurrent decline from peak | -4.05% | -10.27% | +6.22% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -5.38% | -2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.75% | 2.39% | +9.36% |
Volatility
AW16.DE vs. MVEA.DE - Volatility Comparison
UBS ETF (IE) MSCI USA Climate Paris Aligned UCITS ETF (USD) Acc (AW16.DE) has a higher volatility of 3.38% compared to iShares Edge MSCI USA Minimum Volatility ESG UCITS ETF (MVEA.DE) at 2.72%. This indicates that AW16.DE's price experiences larger fluctuations and is considered to be riskier than MVEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AW16.DE | MVEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 2.72% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 8.77% | 5.90% | +2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.18% | 8.97% | +16.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.01% | 12.27% | +6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.82% | 12.79% | +6.03% |
AW16.DE vs. MVEA.DE - Expense Ratio Comparison
AW16.DE has a 0.09% expense ratio, which is lower than MVEA.DE's 0.20% 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
AW16.DE vs. MVEA.DE - Dividend Comparison
Neither AW16.DE nor MVEA.DE has paid dividends to shareholders.
Frequently Asked Questions
AW16.DE and MVEA.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW16.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW16.DE is cheaper with a 0.09% expense ratio, compared with 0.20% for MVEA.DE.
AW16.DE tracks MSCI USA Climate Paris Aligned, while MVEA.DE tracks Russell 1000 TR USD. They also come from different issuers: UBS and iShares. Their fees differ too: 0.09% for AW16.DE and 0.20% for MVEA.DE.
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