AW1F.DE vs. ETLS.DE
AW1F.DE (UBS ETF (IE) MSCI USA ESG Universal Low Carbon Select UCITS ETF (USD) Acc) and ETLS.DE (L&G US Equity UCITS ETF) are both Large Cap Blend Equities funds - AW1F.DE tracks the MSCI USA ESG Universal Low Carbon Select 5% Issuer Capped while ETLS.DE tracks the Solactive Core United States Large & Mid Cap. Both are passively managed. Over the past 3 years, AW1F.DE returned 19.67%/yr vs 19.21%/yr for ETLS.DE. With a 0.98 correlation, they move nearly in lockstep. AW1F.DE charges 0.07%/yr vs 0.05%/yr for ETLS.DE.
Performance
AW1F.DE vs. ETLS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW1F.DE achieves a 12.99% return, which is significantly higher than ETLS.DE's 10.52% return.
AW1F.DE
- 1D
- 0.00%
- 1M
- 2.23%
- YTD
- 12.99%
- 6M
- 13.25%
- 1Y
- 26.73%
- 3Y*
- 19.67%
- 5Y*
- —
- 10Y*
- —
ETLS.DE
- 1D
- -0.98%
- 1M
- 0.27%
- YTD
- 10.52%
- 6M
- 10.85%
- 1Y
- 24.33%
- 3Y*
- 19.21%
- 5Y*
- 13.60%
- 10Y*
- —
AW1F.DE vs. ETLS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW1F.DE UBS ETF (IE) MSCI USA ESG Universal Low Carbon Select UCITS ETF (USD) Acc | 12.99% | 3.65% | 32.30% | 24.10% | -18.01% | 12.73% |
ETLS.DE L&G US Equity UCITS ETF | 10.52% | 5.06% | 32.53% | 24.18% | -15.96% | 12.66% |
Correlation
The correlation between AW1F.DE and ETLS.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021 | 0.98 |
The correlation between AW1F.DE and ETLS.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
AW1F.DE vs. ETLS.DE — Risk / Return Rank
AW1F.DE
ETLS.DE
AW1F.DE vs. ETLS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI USA ESG Universal Low Carbon Select UCITS ETF (USD) Acc (AW1F.DE) and L&G US Equity UCITS ETF (ETLS.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.
| AW1F.DE | ETLS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 3.20 | -0.13 |
| Martin ratioReturn relative to average drawdown | 10.74 | 11.26 | -0.53 |
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Drawdowns
AW1F.DE vs. ETLS.DE - Drawdown Comparison
The maximum AW1F.DE drawdown since its inception was -23.95%, smaller than the maximum ETLS.DE drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for AW1F.DE and ETLS.DE.
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Drawdown Indicators
| AW1F.DE | ETLS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.95% | -33.99% | +10.04% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -7.57% | -1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -23.95% | -23.66% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.66% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.13% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -4.63% | -1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.16% | +0.34% |
Volatility
AW1F.DE vs. ETLS.DE - Volatility Comparison
UBS ETF (IE) MSCI USA ESG Universal Low Carbon Select UCITS ETF (USD) Acc (AW1F.DE) has a higher volatility of 3.62% compared to L&G US Equity UCITS ETF (ETLS.DE) at 3.44%. This indicates that AW1F.DE's price experiences larger fluctuations and is considered to be riskier than ETLS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AW1F.DE | ETLS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 3.44% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 8.78% | 8.10% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.56% | 11.87% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.87% | 15.50% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 17.23% | -1.36% |
AW1F.DE vs. ETLS.DE - Expense Ratio Comparison
AW1F.DE has a 0.07% expense ratio, which is higher than ETLS.DE's 0.05% 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
AW1F.DE vs. ETLS.DE - Dividend Comparison
Neither AW1F.DE nor ETLS.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, AW1F.DE and ETLS.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, ETLS.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLS.DE is cheaper with a 0.05% expense ratio, compared with 0.07% for AW1F.DE.
AW1F.DE tracks MSCI USA ESG Universal Low Carbon Select 5% Issuer Capped, while ETLS.DE tracks Solactive Core United States Large & Mid Cap. They also come from different issuers: UBS and Legal & General. Their fees differ too: 0.07% for AW1F.DE and 0.05% for ETLS.DE.
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