AW1I.DE vs. AW10.DE

Last updated Jul 16, 2026

AW1I.DE (UBS ETF (IE) MSCI Japan ESG Universal Low Carbon Select UCITS ETF (JPY) Acc) and AW10.DE (UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc) are both exchange-traded funds - AW1I.DE is a Japan Equities fund tracking the MSCI Japan ESG Universal Low Carbon Select 5% Issuer Capped, while AW10.DE is a Global Equities fund tracking the MSCI World Climate Paris Aligned. Both are passively managed. Over the past 3 years, AW1I.DE returned 17.64%/yr vs 17.87%/yr for AW10.DE. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.

Performance

AW1I.DE vs. AW10.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) MSCI Japan ESG Universal Low Carbon Select UCITS ETF (JPY) Acc (AW1I.DE) and UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AW1I.DE achieves a 19.55% return, which is significantly higher than AW10.DE's 10.73% return.

AW1I.DE

• 1D: 0.00%
• 1M: 2.07%
• 6M: 12.93%
• YTD: 19.55%
• 1Y: 39.39%
• 3Y*: 17.64%
• 5Y*: —
• 10Y*: —

AW10.DE

• 1D: 0.00%
• 1M: 1.25%
• 6M: 6.97%
• YTD: 10.73%
• 1Y: 21.83%
• 3Y*: 17.87%
• 5Y*: 11.50%
• 10Y*: —

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

AW1I.DE vs. AW10.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
AW1I.DE UBS ETF (IE) MSCI Japan ESG Universal Low Carbon Select UCITS ETF (JPY) Acc	19.55%	13.16%	14.27%	15.68%	-13.31%	4.61%
AW10.DE UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc	10.73%	9.11%	25.31%	21.54%	-17.22%	10.41%

Correlation

The correlation between AW1I.DE and AW10.DE is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021	0.65

The correlation between AW1I.DE and AW10.DE shifts across timeframes, from 0.65 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AW1I.DE vs. AW10.DE — Risk / Return Rank

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

AW1I.DE

AW1I.DE Risk / Return Rank: 80
AW1I.DE Sharpe Ratio Rank: 78
AW1I.DE Sortino Ratio Rank: 78
AW1I.DE Omega Ratio Rank: 78
AW1I.DE Calmar Ratio Rank: 85
AW1I.DE Martin Ratio Rank: 80

AW10.DE

AW10.DE Risk / Return Rank: 34
AW10.DE Sharpe Ratio Rank: 28
AW10.DE Sortino Ratio Rank: 31
AW10.DE Omega Ratio Rank: 56
AW10.DE Calmar Ratio Rank: 31
AW10.DE Martin Ratio Rank: 24

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.

AW1I.DE vs. AW10.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI Japan ESG Universal Low Carbon Select UCITS ETF (JPY) Acc (AW1I.DE) and UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.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.

	AW1I.DE	AW10.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.98	0.88	+1.10
Sortino ratio: Return per unit of downside risk	2.81	1.43	+1.37
Omega ratio: Gain probability vs. loss probability	1.37	1.28	+0.08
Calmar ratio: Return relative to maximum drawdown	3.76	1.32	+2.45
Martin ratio: Return relative to average drawdown	12.20	2.54	+9.66

AW1I.DE vs. AW10.DE - Sharpe Ratio Comparison

The current AW1I.DE Sharpe Ratio is 1.98, which is higher than the AW10.DE Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of AW1I.DE and AW10.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

AW1I.DE vs. AW10.DE - Drawdown Comparison

The maximum AW1I.DE drawdown since its inception was -19.66%, roughly equal to the maximum AW10.DE drawdown of -19.92%. Use the drawdown chart below to compare losses from any high point for AW1I.DE and AW10.DE.

Drawdown Indicators

	AW1I.DE	AW10.DE	Difference
Max Drawdown Largest peak-to-trough decline	-19.66%	-19.92%	+0.26%
Max Drawdown (1Y) Largest decline over 1 year	-10.52%	-16.56%	+6.04%
Max Drawdown (3Y) Largest decline over 3 years	-17.12%	-17.58%	+0.46%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.92%	—
Current Drawdown Current decline from peak	-2.56%	-2.99%	+0.43%
Average Drawdown Average peak-to-trough decline	-6.47%	-6.67%	+0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	8.61%	-5.37%

Volatility

AW1I.DE vs. AW10.DE - Volatility Comparison

UBS ETF (IE) MSCI Japan ESG Universal Low Carbon Select UCITS ETF (JPY) Acc (AW1I.DE) has a higher volatility of 6.50% compared to UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.DE) at 3.52%. This indicates that AW1I.DE's price experiences larger fluctuations and is considered to be riskier than AW10.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AW1I.DE	AW10.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.50%	3.52%	+2.98%
Volatility (6M) Calculated over the trailing 6-month period	16.04%	11.47%	+4.57%
Volatility (1Y) Calculated over the trailing 1-year period	20.00%	24.87%	-4.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.89%	17.18%	-0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.89%	17.91%	-1.02%

AW1I.DE vs. AW10.DE - Expense Ratio Comparison

Both AW1I.DE and AW10.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

AW1I.DE vs. AW10.DE - Dividend Comparison

Neither AW1I.DE nor AW10.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AW1I.DE and AW10.DE in my portfolio?

AW1I.DE and AW10.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AW1I.DE or AW10.DE?

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AW1I.DE or AW10.DE?

AW1I.DE and AW10.DE have the same expense ratio: 0.15% per year.

What is the main difference between AW1I.DE and AW10.DE?

AW1I.DE is categorized as Japan Equities, while AW10.DE is Global Equities. AW1I.DE tracks MSCI Japan ESG Universal Low Carbon Select 5% Issuer Capped, while AW10.DE tracks MSCI World Climate Paris Aligned.