AW1H.DE vs. EXS2.DE

Last updated Jun 5, 2026

AW1H.DE (UBS ETF (IE) MSCI EMU ESG Universal Low Carbon Select UCITS ETF (EUR) Acc) and EXS2.DE (iShares TecDAX UCITS ETF (DE)) are both Europe Equities funds - AW1H.DE tracks the MSCI EMU ESG Universal Low Carbon Select 5% Issuer Capped while EXS2.DE tracks the TecDAX®. Both are passively managed. Over the past 3 years, AW1H.DE returned 15.67%/yr vs 8.54%/yr for EXS2.DE. Their correlation of 0.81 suggests significant overlap in exposure. AW1H.DE charges 0.12%/yr vs 0.51%/yr for EXS2.DE.

Performance

AW1H.DE vs. EXS2.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) MSCI EMU ESG Universal Low Carbon Select UCITS ETF (EUR) Acc (AW1H.DE) and iShares TecDAX UCITS ETF (DE) (EXS2.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AW1H.DE achieves a 7.82% return, which is significantly lower than EXS2.DE's 15.70% return.

AW1H.DE

• 1D: 0.38%
• 1M: 2.09%
• YTD: 7.82%
• 6M: 9.94%
• 1Y: 17.02%
• 3Y*: 15.67%
• 5Y*: —
• 10Y*: —

EXS2.DE

• 1D: 0.52%
• 1M: 10.24%
• YTD: 15.70%
• 6M: 16.12%
• 1Y: 5.55%
• 3Y*: 8.54%
• 5Y*: 3.72%
• 10Y*: 9.01%

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

AW1H.DE vs. EXS2.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AW1H.DE UBS ETF (IE) MSCI EMU ESG Universal Low Carbon Select UCITS ETF (EUR) Acc	7.82%	23.67%	10.99%	18.33%	-14.28%	2.74%
EXS2.DE iShares TecDAX UCITS ETF (DE)	15.70%	5.33%	1.63%	13.54%	-26.00%	3.24%

Correlation

The correlation between AW1H.DE and EXS2.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	0.79
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021	0.81

The correlation between AW1H.DE and EXS2.DE has been stable across timeframes, ranging from 0.71 to 0.81 - a consistent structural relationship.

Return for Risk

AW1H.DE vs. EXS2.DE — Risk / Return Rank

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

AW1H.DE

AW1H.DE Risk / Return Rank: 34
AW1H.DE Sharpe Ratio Rank: 33
AW1H.DE Sortino Ratio Rank: 34
AW1H.DE Omega Ratio Rank: 34
AW1H.DE Calmar Ratio Rank: 33
AW1H.DE Martin Ratio Rank: 38

EXS2.DE

EXS2.DE Risk / Return Rank: 14
EXS2.DE Sharpe Ratio Rank: 15
EXS2.DE Sortino Ratio Rank: 15
EXS2.DE Omega Ratio Rank: 14
EXS2.DE Calmar Ratio Rank: 14
EXS2.DE Martin Ratio Rank: 13

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.

AW1H.DE vs. EXS2.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI EMU ESG Universal Low Carbon Select UCITS ETF (EUR) Acc (AW1H.DE) and iShares TecDAX UCITS ETF (DE) (EXS2.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.

	AW1H.DE	EXS2.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.17	0.36	+0.80
Sortino ratio: Return per unit of downside risk	1.76	0.64	+1.12
Omega ratio: Gain probability vs. loss probability	1.22	1.07	+0.15
Calmar ratio: Return relative to maximum drawdown	1.60	0.40	+1.20
Martin ratio: Return relative to average drawdown	5.86	0.80	+5.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AW1H.DE vs. EXS2.DE - Sharpe Ratio Comparison

The current AW1H.DE Sharpe Ratio is 1.17, which is higher than the EXS2.DE Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of AW1H.DE and EXS2.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.

Sharpe Ratios by Period

	AW1H.DE	EXS2.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	0.36	+0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.20	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.14	+0.42

Drawdowns

AW1H.DE vs. EXS2.DE - Drawdown Comparison

The maximum AW1H.DE drawdown since its inception was -26.23%, smaller than the maximum EXS2.DE drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for AW1H.DE and EXS2.DE.

Drawdown Indicators

	AW1H.DE	EXS2.DE	Difference
Max Drawdown Largest peak-to-trough decline	-26.23%	-84.49%	+58.26%
Max Drawdown (1Y) Largest decline over 1 year	-10.92%	-16.12%	+5.20%
Max Drawdown (3Y) Largest decline over 3 years	-15.54%	-17.93%	+2.39%
Max Drawdown (5Y) Largest decline over 5 years	—	-34.97%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.97%	—
Current Drawdown Current decline from peak	-0.81%	-0.81%	0.00%
Average Drawdown Average peak-to-trough decline	-5.74%	-39.46%	+33.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.98%	8.07%	-5.09%

Volatility

AW1H.DE vs. EXS2.DE - Volatility Comparison

The current volatility for UBS ETF (IE) MSCI EMU ESG Universal Low Carbon Select UCITS ETF (EUR) Acc (AW1H.DE) is 4.49%, while iShares TecDAX UCITS ETF (DE) (EXS2.DE) has a volatility of 5.29%. This indicates that AW1H.DE experiences smaller price fluctuations and is considered to be less risky than EXS2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AW1H.DE	EXS2.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	5.29%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	12.32%	14.25%	-1.93%
Volatility (1Y) Calculated over the trailing 1-year period	14.97%	17.83%	-2.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.76%	18.80%	-2.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.76%	19.47%	-2.71%

AW1H.DE vs. EXS2.DE - Expense Ratio Comparison

AW1H.DE has a 0.12% expense ratio, which is lower than EXS2.DE's 0.51% expense ratio.

Dividends

AW1H.DE vs. EXS2.DE - Dividend Comparison

Neither AW1H.DE nor EXS2.DE has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AW1H.DE UBS ETF (IE) MSCI EMU ESG Universal Low Carbon Select UCITS ETF (EUR) Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EXS2.DE iShares TecDAX UCITS ETF (DE)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.15%	0.25%	0.36%

Frequently Asked Questions

Can I hold both AW1H.DE and EXS2.DE in my portfolio?

AW1H.DE and EXS2.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, AW1H.DE or EXS2.DE?

On fees, AW1H.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AW1H.DE or EXS2.DE?

AW1H.DE is cheaper with a 0.12% expense ratio, compared with 0.51% for EXS2.DE.

What is the main difference between AW1H.DE and EXS2.DE?

AW1H.DE tracks MSCI EMU ESG Universal Low Carbon Select 5% Issuer Capped, while EXS2.DE tracks TecDAX®. They also come from different issuers: UBS and iShares. Their fees differ too: 0.12% for AW1H.DE and 0.51% for EXS2.DE.