AW16.DE vs. UETW.DE
AW16.DE (UBS ETF (IE) MSCI USA Climate Paris Aligned UCITS ETF (USD) Acc) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both exchange-traded funds - AW16.DE is a Large Cap Blend Equities fund tracking the MSCI USA Climate Paris Aligned, while UETW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, AW16.DE returned 13.34%/yr vs 12.87%/yr for UETW.DE. Their correlation of 0.94 suggests significant overlap in exposure. AW16.DE charges 0.09%/yr vs 0.10%/yr for UETW.DE.
Performance
AW16.DE vs. UETW.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 UETW.DE's 10.95% 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*
- —
UETW.DE
- 1D
- -0.01%
- 1M
- 3.72%
- YTD
- 10.95%
- 6M
- 10.99%
- 1Y
- 23.94%
- 3Y*
- 17.68%
- 5Y*
- 12.87%
- 10Y*
- —
AW16.DE vs. UETW.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% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 10.95% | 8.06% | 26.50% | 19.68% | -13.72% | 20.21% |
Correlation
The correlation between AW16.DE and UETW.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.94 |
The correlation between AW16.DE and UETW.DE has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
AW16.DE vs. UETW.DE — Risk / Return Rank
AW16.DE
UETW.DE
AW16.DE vs. UETW.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 UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.40 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 3.67 | -2.59 |
| Martin ratioReturn relative to average drawdown | 2.02 | 14.61 | -12.58 |
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 | UETW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 2.17 | -1.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.91 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.85 | -0.15 |
Drawdowns
AW16.DE vs. UETW.DE - Drawdown Comparison
The maximum AW16.DE drawdown since its inception was -24.99%, smaller than the maximum UETW.DE drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for AW16.DE and UETW.DE.
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Drawdown Indicators
| AW16.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.99% | -33.72% | +8.73% |
Max Drawdown (1Y)Largest decline over 1 year | -21.98% | -6.47% | -15.51% |
Max Drawdown (3Y)Largest decline over 3 years | -24.99% | -21.30% | -3.69% |
Max Drawdown (5Y)Largest decline over 5 years | -24.99% | -21.30% | -3.69% |
Current DrawdownCurrent decline from peak | -4.05% | -0.30% | -3.75% |
Average DrawdownAverage peak-to-trough decline | -7.89% | -4.63% | -3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.75% | 1.63% | +10.12% |
Volatility
AW16.DE vs. UETW.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 UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.60%. This indicates that AW16.DE's price experiences larger fluctuations and is considered to be riskier than UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 2.60% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 8.77% | 7.63% | +1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.18% | 10.97% | +14.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.01% | 14.03% | +4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.82% | 16.11% | +2.71% |
AW16.DE vs. UETW.DE - Expense Ratio Comparison
AW16.DE has a 0.09% expense ratio, which is lower than UETW.DE's 0.10% 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. UETW.DE - Dividend Comparison
Neither AW16.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, AW16.DE and UETW.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, 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 0.10% for UETW.DE.
AW16.DE is categorized as Large Cap Blend Equities, while UETW.DE is Global Equities. AW16.DE tracks MSCI USA Climate Paris Aligned, while UETW.DE tracks MSCI World. Their fees differ too: 0.09% for AW16.DE and 0.10% for UETW.DE.
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