AW1I.DE vs. UIQ4.DE

Last updated Jul 16, 2026

AW1I.DE (UBS ETF (IE) MSCI Japan ESG Universal Low Carbon Select UCITS ETF (JPY) Acc) and UIQ4.DE (UBS Euro Equity Defensive Put Write SF UCITS ETF EUR 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 UIQ4.DE is a Derivative Income fund tracking the Euro Equity Defensive Put Write Index. Both are passively managed. A 0.51 correlation means they provide meaningful diversification when combined. AW1I.DE charges 0.15%/yr vs 0.21%/yr for UIQ4.DE.

Performance

AW1I.DE vs. UIQ4.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 Euro Equity Defensive Put Write SF UCITS ETF EUR Acc (UIQ4.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 UIQ4.DE's 4.07% return.

AW1I.DE

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

UIQ4.DE

• 1D: 0.00%
• 1M: 0.43%
• 6M: 3.81%
• YTD: 4.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AW1I.DE vs. UIQ4.DE - Yearly Performance Comparison

	2026 (YTD)	2025
AW1I.DE UBS ETF (IE) MSCI Japan ESG Universal Low Carbon Select UCITS ETF (JPY) Acc	19.55%	0.41%
UIQ4.DE UBS Euro Equity Defensive Put Write SF UCITS ETF EUR Acc	4.07%	0.18%

Correlation

The correlation between AW1I.DE and UIQ4.DE is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 22, 2025	0.51

Return for Risk

AW1I.DE vs. UIQ4.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

UIQ4.DE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. UIQ4.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 Euro Equity Defensive Put Write SF UCITS ETF EUR Acc (UIQ4.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	UIQ4.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.98	—	—
Sortino ratio: Return per unit of downside risk	2.81	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.76	—	—
Martin ratio: Return relative to average drawdown	12.20	—	—

Drawdowns

AW1I.DE vs. UIQ4.DE - Drawdown Comparison

The maximum AW1I.DE drawdown since its inception was -19.66%, which is greater than UIQ4.DE's maximum drawdown of -3.90%. Use the drawdown chart below to compare losses from any high point for AW1I.DE and UIQ4.DE.

Drawdown Indicators

	AW1I.DE	UIQ4.DE	Difference
Max Drawdown Largest peak-to-trough decline	-19.66%	-3.90%	-15.76%
Max Drawdown (1Y) Largest decline over 1 year	-10.52%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.12%	—	—
Current Drawdown Current decline from peak	-2.56%	-0.24%	-2.32%
Average Drawdown Average peak-to-trough decline	-6.47%	-0.76%	-5.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	—	—

Volatility

Volatility by Period

	AW1I.DE	UIQ4.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.00%	7.80%	+12.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.89%	7.80%	+9.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.89%	7.80%	+9.09%

AW1I.DE vs. UIQ4.DE - Expense Ratio Comparison

AW1I.DE has a 0.15% expense ratio, which is lower than UIQ4.DE's 0.21% 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

AW1I.DE vs. UIQ4.DE - Dividend Comparison

Neither AW1I.DE nor UIQ4.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AW1I.DE and UIQ4.DE in my portfolio?

AW1I.DE and UIQ4.DE have a correlation of 0.51, 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 UIQ4.DE?

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.

Which ETF is cheaper, AW1I.DE or UIQ4.DE?

AW1I.DE is cheaper with a 0.15% expense ratio, compared with 0.21% for UIQ4.DE.

What is the main difference between AW1I.DE and UIQ4.DE?

AW1I.DE is categorized as Japan Equities, while UIQ4.DE is Derivative Income. AW1I.DE tracks MSCI Japan ESG Universal Low Carbon Select 5% Issuer Capped, while UIQ4.DE tracks Euro Equity Defensive Put Write Index. Their fees differ too: 0.15% for AW1I.DE and 0.21% for UIQ4.DE.