AW1C.DE vs. XS5E.DE

Last updated Jul 16, 2026

AW1C.DE (UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc) and XS5E.DE (Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc)) are both S&P 500 funds - AW1C.DE tracks the S&P 500® ESG Elite while XS5E.DE tracks the S&P 500 Index (EUR Hedged). Both are passively managed. Over the past 3 years, AW1C.DE returned 21.70%/yr vs 17.58%/yr for XS5E.DE. Their correlation of 0.80 suggests significant overlap in exposure. AW1C.DE charges 0.15%/yr vs 0.20%/yr for XS5E.DE.

Performance

AW1C.DE vs. XS5E.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc (AW1C.DE) and Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) (XS5E.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AW1C.DE achieves a 23.32% return, which is significantly higher than XS5E.DE's 8.53% return.

AW1C.DE

• 1D: 0.00%
• 1M: -0.10%
• 6M: 21.24%
• YTD: 23.32%
• 1Y: 38.76%
• 3Y*: 21.70%
• 5Y*: 15.00%
• 10Y*: —

XS5E.DE

• 1D: 0.18%
• 1M: -0.09%
• 6M: 8.53%
• YTD: 8.53%
• 1Y: 18.78%
• 3Y*: 17.58%
• 5Y*: —
• 10Y*: —

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

AW1C.DE vs. XS5E.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AW1C.DE UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc	23.32%	6.94%	24.89%	24.93%	-14.50%	13.84%
XS5E.DE Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc)	8.53%	15.25%	23.26%	23.58%	-21.91%	9.25%

Correlation

The correlation between AW1C.DE and XS5E.DE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021	0.80

The correlation between AW1C.DE and XS5E.DE has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.

Return for Risk

AW1C.DE vs. XS5E.DE — Risk / Return Rank

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

AW1C.DE

AW1C.DE Risk / Return Rank: 58
AW1C.DE Sharpe Ratio Rank: 53
AW1C.DE Sortino Ratio Rank: 58
AW1C.DE Omega Ratio Rank: 88
AW1C.DE Calmar Ratio Rank: 56
AW1C.DE Martin Ratio Rank: 35

XS5E.DE

XS5E.DE Risk / Return Rank: 56
XS5E.DE Sharpe Ratio Rank: 55
XS5E.DE Sortino Ratio Rank: 60
XS5E.DE Omega Ratio Rank: 53
XS5E.DE Calmar Ratio Rank: 52
XS5E.DE Martin Ratio Rank: 60

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.

AW1C.DE vs. XS5E.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc (AW1C.DE) and Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) (XS5E.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AW1C.DE	XS5E.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.54	-0.05
Sortino ratio: Return per unit of downside risk	2.25	2.32	-0.08
Omega ratio: Gain probability vs. loss probability	1.44	1.28	+0.16
Calmar ratio: Return relative to maximum drawdown	2.30	2.17	+0.13
Martin ratio: Return relative to average drawdown	4.37	8.59	-4.23

AW1C.DE vs. XS5E.DE - Sharpe Ratio Comparison

The current AW1C.DE Sharpe Ratio is 1.49, which is comparable to the XS5E.DE Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of AW1C.DE and XS5E.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.

Drawdowns

AW1C.DE vs. XS5E.DE - Drawdown Comparison

The maximum AW1C.DE drawdown since its inception was -22.40%, smaller than the maximum XS5E.DE drawdown of -26.08%. Use the drawdown chart below to compare losses from any high point for AW1C.DE and XS5E.DE.

Drawdown Indicators

	AW1C.DE	XS5E.DE	Difference
Max Drawdown Largest peak-to-trough decline	-22.40%	-26.08%	+3.68%
Max Drawdown (1Y) Largest decline over 1 year	-16.86%	-8.63%	-8.23%
Max Drawdown (3Y) Largest decline over 3 years	-22.40%	-18.49%	-3.91%
Max Drawdown (5Y) Largest decline over 5 years	-22.40%	—	—
Current Drawdown Current decline from peak	-3.05%	-0.90%	-2.15%
Average Drawdown Average peak-to-trough decline	-6.34%	-7.06%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.88%	2.18%	+6.70%

Volatility

AW1C.DE vs. XS5E.DE - Volatility Comparison

UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc (AW1C.DE) has a higher volatility of 5.61% compared to Xtrackers S&P 500 Swap UCITS ETF EUR Hedged (Acc) (XS5E.DE) at 2.72%. This indicates that AW1C.DE's price experiences larger fluctuations and is considered to be riskier than XS5E.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AW1C.DE	XS5E.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	2.72%	+2.89%
Volatility (6M) Calculated over the trailing 6-month period	11.13%	9.21%	+1.92%
Volatility (1Y) Calculated over the trailing 1-year period	26.01%	12.11%	+13.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.58%	16.20%	+2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.47%	16.20%	+3.27%

AW1C.DE vs. XS5E.DE - Expense Ratio Comparison

AW1C.DE has a 0.15% expense ratio, which is lower than XS5E.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

AW1C.DE vs. XS5E.DE - Dividend Comparison

Neither AW1C.DE nor XS5E.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AW1C.DE and XS5E.DE in my portfolio?

AW1C.DE and XS5E.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AW1C.DE or XS5E.DE?

On fees, AW1C.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AW1C.DE or XS5E.DE?

AW1C.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for XS5E.DE.

What is the main difference between AW1C.DE and XS5E.DE?

AW1C.DE tracks S&P 500® ESG Elite, while XS5E.DE tracks S&P 500 Index (EUR Hedged). They also come from different issuers: UBS and Xtrackers. Their fees differ too: 0.15% for AW1C.DE and 0.20% for XS5E.DE.