AW1P.DE vs. MVEW.DE
AW1P.DE (UBS ETF (IE) MSCI ACWI Socially Responsible UCITS ETF (USD) Acc) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds - AW1P.DE tracks the MSCI ACWI SRI Low Carbon Select 5% Issuer Capped while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 3 years, AW1P.DE returned 17.31%/yr vs 6.53%/yr for MVEW.DE. A 0.60 correlation means they provide meaningful diversification when combined. AW1P.DE charges 0.25%/yr vs 0.30%/yr for MVEW.DE.
Performance
AW1P.DE vs. MVEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW1P.DE achieves a 14.91% return, which is significantly higher than MVEW.DE's 1.17% return.
AW1P.DE
- 1D
- -0.83%
- 1M
- 6.15%
- YTD
- 14.91%
- 6M
- 15.53%
- 1Y
- 25.73%
- 3Y*
- 17.31%
- 5Y*
- —
- 10Y*
- —
MVEW.DE
- 1D
- 0.07%
- 1M
- 1.79%
- YTD
- 1.17%
- 6M
- 1.16%
- 1Y
- 0.46%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
AW1P.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AW1P.DE UBS ETF (IE) MSCI ACWI Socially Responsible UCITS ETF (USD) Acc | 14.91% | 3.61% | 25.39% | 22.76% | -14.89% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 6.27% | 3.94% |
Correlation
The correlation between AW1P.DE and MVEW.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2022 | 0.60 |
Over the past year, the correlation between AW1P.DE and MVEW.DE has dropped to 0.34 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
AW1P.DE vs. MVEW.DE — Risk / Return Rank
AW1P.DE
MVEW.DE
AW1P.DE vs. MVEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI ACWI Socially Responsible UCITS ETF (USD) Acc (AW1P.DE) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.
| AW1P.DE | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.02 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 0.10 | +3.08 |
| Martin ratioReturn relative to average drawdown | 11.65 | 0.20 | +11.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AW1P.DE | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 0.06 | +1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.63 | +0.06 |
Drawdowns
AW1P.DE vs. MVEW.DE - Drawdown Comparison
The maximum AW1P.DE drawdown since its inception was -23.64%, which is greater than MVEW.DE's maximum drawdown of -13.19%. Use the drawdown chart below to compare losses from any high point for AW1P.DE and MVEW.DE.
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Drawdown Indicators
| AW1P.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.64% | -13.19% | -10.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.07% | -4.68% | -3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -23.64% | -13.19% | -10.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.19% | — |
Current DrawdownCurrent decline from peak | -0.83% | -5.75% | +4.92% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -3.83% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 2.27% | -0.07% |
Volatility
AW1P.DE vs. MVEW.DE - Volatility Comparison
UBS ETF (IE) MSCI ACWI Socially Responsible UCITS ETF (USD) Acc (AW1P.DE) has a higher volatility of 4.21% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) at 2.58%. This indicates that AW1P.DE's price experiences larger fluctuations and is considered to be riskier than MVEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AW1P.DE | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 2.58% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.23% | 5.42% | +4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.86% | 7.97% | +5.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.73% | 10.25% | +5.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 10.82% | +4.91% |
AW1P.DE vs. MVEW.DE - Expense Ratio Comparison
AW1P.DE has a 0.25% expense ratio, which is lower than MVEW.DE's 0.30% expense ratio.
Dividends
AW1P.DE vs. MVEW.DE - Dividend Comparison
Neither AW1P.DE nor MVEW.DE has paid dividends to shareholders.
Frequently Asked Questions
AW1P.DE and MVEW.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW1P.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW1P.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for MVEW.DE.
AW1P.DE tracks MSCI ACWI SRI Low Carbon Select 5% Issuer Capped, while MVEW.DE tracks MSCI ACWI NR USD. They also come from different issuers: UBS and iShares. Their fees differ too: 0.25% for AW1P.DE and 0.30% for MVEW.DE.
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