AW1I.DE vs. IUS4.DE
AW1I.DE (UBS ETF (IE) MSCI Japan ESG Universal Low Carbon Select UCITS ETF (JPY) Acc) and IUS4.DE (iShares MSCI Japan Small Cap UCITS ETF (Dist)) are both Japan Equities funds - AW1I.DE tracks the MSCI Japan ESG Universal Low Carbon Select 5% Issuer Capped while IUS4.DE tracks the MSCI Japan Small Cap. Both are passively managed. Over the past 3 years, AW1I.DE returned 17.64%/yr vs 16.91%/yr for IUS4.DE. Their correlation of 0.85 suggests significant overlap in exposure. AW1I.DE charges 0.15%/yr vs 0.58%/yr for IUS4.DE.
Performance
AW1I.DE vs. IUS4.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW1I.DE achieves a 19.55% return, which is significantly higher than IUS4.DE's 18.57% return.
AW1I.DE
- 1D
- 0.00%
- 1M
- 2.07%
- 6M
- 12.93%
- YTD
- 19.55%
- 1Y
- 39.39%
- 3Y*
- 17.64%
- 5Y*
- —
- 10Y*
- —
IUS4.DE
- 1D
- -0.77%
- 1M
- 2.81%
- 6M
- 13.89%
- YTD
- 18.57%
- 1Y
- 33.19%
- 3Y*
- 16.91%
- 5Y*
- 8.56%
- 10Y*
- 7.62%
AW1I.DE vs. IUS4.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% |
IUS4.DE iShares MSCI Japan Small Cap UCITS ETF (Dist) | 18.57% | 15.97% | 9.46% | 9.42% | -7.68% | -0.61% |
Correlation
The correlation between AW1I.DE and IUS4.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2021 | 0.85 |
The correlation between AW1I.DE and IUS4.DE has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
AW1I.DE vs. IUS4.DE — Risk / Return Rank
AW1I.DE
IUS4.DE
AW1I.DE vs. IUS4.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 iShares MSCI Japan Small Cap UCITS ETF (Dist) (IUS4.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 | IUS4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | 3.27 | +0.49 |
| Martin ratioReturn relative to average drawdown | 12.20 | 11.26 | +0.94 |
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Drawdowns
AW1I.DE vs. IUS4.DE - Drawdown Comparison
The maximum AW1I.DE drawdown since its inception was -19.66%, smaller than the maximum IUS4.DE drawdown of -51.61%. Use the drawdown chart below to compare losses from any high point for AW1I.DE and IUS4.DE.
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Drawdown Indicators
| AW1I.DE | IUS4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.66% | -51.61% | +31.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -10.11% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -17.12% | -12.92% | -4.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.62% | — |
Current DrawdownCurrent decline from peak | -2.56% | -2.30% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -15.02% | +8.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 2.94% | +0.30% |
Volatility
AW1I.DE vs. IUS4.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 iShares MSCI Japan Small Cap UCITS ETF (Dist) (IUS4.DE) at 4.62%. This indicates that AW1I.DE's price experiences larger fluctuations and is considered to be riskier than IUS4.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AW1I.DE | IUS4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 4.62% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 16.04% | 14.05% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.00% | 16.56% | +3.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.89% | 14.97% | +1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.89% | 15.94% | +0.95% |
AW1I.DE vs. IUS4.DE - Expense Ratio Comparison
AW1I.DE has a 0.15% expense ratio, which is lower than IUS4.DE's 0.58% expense ratio.
Dividends
AW1I.DE vs. IUS4.DE - Dividend Comparison
AW1I.DE has not paid dividends to shareholders, while IUS4.DE's dividend yield for the trailing twelve months is around 0.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AW1I.DE UBS ETF (IE) MSCI Japan ESG Universal Low Carbon Select UCITS ETF (JPY) 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% |
IUS4.DE iShares MSCI Japan Small Cap UCITS ETF (Dist) | 0.85% | 1.88% | 1.70% | 1.77% | 2.10% | 1.47% | 1.60% | 1.45% | 1.41% | 1.31% | 1.15% | 0.70% |
Frequently Asked Questions
AW1I.DE and IUS4.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW1I.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW1I.DE is cheaper with a 0.15% expense ratio, compared with 0.58% for IUS4.DE.
AW1I.DE tracks MSCI Japan ESG Universal Low Carbon Select 5% Issuer Capped, while IUS4.DE tracks MSCI Japan Small Cap. They also come from different issuers: UBS and iShares. Their fees differ too: 0.15% for AW1I.DE and 0.58% for IUS4.DE.
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