AW1Z.DE vs. 4UBQ.DE
AW1Z.DE (UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc) and 4UBQ.DE (UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc) are both exchange-traded funds - AW1Z.DE is a Europe Equities fund tracking the MSCI EMU Climate Paris Aligned, while 4UBQ.DE is a S&P 500 fund tracking the S&P 500 ESG. Both are passively managed. Over the past 5 years, AW1Z.DE returned 7.97%/yr vs 14.30%/yr for 4UBQ.DE. A 0.64 correlation means they provide meaningful diversification when combined. AW1Z.DE charges 0.14%/yr vs 0.10%/yr for 4UBQ.DE.
Performance
AW1Z.DE vs. 4UBQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AW1Z.DE achieves a 9.37% return, which is significantly lower than 4UBQ.DE's 12.74% return.
AW1Z.DE
- 1D
- 0.00%
- 1M
- -1.84%
- 6M
- 5.98%
- YTD
- 9.37%
- 1Y
- 14.54%
- 3Y*
- 11.80%
- 5Y*
- 7.97%
- 10Y*
- —
4UBQ.DE
- 1D
- 0.00%
- 1M
- 0.46%
- 6M
- 10.55%
- YTD
- 12.74%
- 1Y
- 25.85%
- 3Y*
- 18.74%
- 5Y*
- 14.30%
- 10Y*
- —
AW1Z.DE vs. 4UBQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AW1Z.DE UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc | 9.37% | 16.28% | 6.31% | 17.64% | -13.87% | 18.74% |
4UBQ.DE UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc | 12.74% | 5.39% | 31.02% | 24.03% | -13.92% | 34.16% |
Correlation
The correlation between AW1Z.DE and 4UBQ.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.64 |
The correlation between AW1Z.DE and 4UBQ.DE has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.
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Return for Risk
AW1Z.DE vs. 4UBQ.DE — Risk / Return Rank
AW1Z.DE
4UBQ.DE
AW1Z.DE vs. 4UBQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc (AW1Z.DE) and UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc (4UBQ.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.
| AW1Z.DE | 4UBQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.41 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 3.66 | -2.33 |
| Martin ratioReturn relative to average drawdown | 4.77 | 14.00 | -9.24 |
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Drawdowns
AW1Z.DE vs. 4UBQ.DE - Drawdown Comparison
The maximum AW1Z.DE drawdown since its inception was -24.70%, which is greater than 4UBQ.DE's maximum drawdown of -23.35%. Use the drawdown chart below to compare losses from any high point for AW1Z.DE and 4UBQ.DE.
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Drawdown Indicators
| AW1Z.DE | 4UBQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -23.35% | -1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -6.93% | -3.85% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -23.35% | +8.33% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -23.35% | -1.35% |
Current DrawdownCurrent decline from peak | -2.16% | -0.42% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -3.93% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 1.81% | +1.19% |
Volatility
AW1Z.DE vs. 4UBQ.DE - Volatility Comparison
UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc (AW1Z.DE) has a higher volatility of 3.86% compared to UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc (4UBQ.DE) at 2.31%. This indicates that AW1Z.DE's price experiences larger fluctuations and is considered to be riskier than 4UBQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AW1Z.DE | 4UBQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 2.31% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 7.97% | +4.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 11.67% | +3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 15.31% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 15.42% | +0.63% |
AW1Z.DE vs. 4UBQ.DE - Expense Ratio Comparison
AW1Z.DE has a 0.14% expense ratio, which is higher than 4UBQ.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AW1Z.DE vs. 4UBQ.DE - Dividend Comparison
Neither AW1Z.DE nor 4UBQ.DE has paid dividends to shareholders.
Frequently Asked Questions
AW1Z.DE and 4UBQ.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4UBQ.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4UBQ.DE is cheaper with a 0.10% expense ratio, compared with 0.14% for AW1Z.DE.
AW1Z.DE is categorized as Europe Equities, while 4UBQ.DE is S&P 500. AW1Z.DE tracks MSCI EMU Climate Paris Aligned, while 4UBQ.DE tracks S&P 500 ESG. Their fees differ too: 0.14% for AW1Z.DE and 0.10% for 4UBQ.DE.
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