AW1Z.DE vs. AW1C.DE
AW1Z.DE (UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc) and AW1C.DE (UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc) are both exchange-traded funds - AW1Z.DE is a Europe Equities fund tracking the MSCI EMU Climate Paris Aligned, while AW1C.DE is a S&P 500 fund tracking the S&P 500® ESG Elite. Both are passively managed. Over the past 5 years, AW1Z.DE returned 7.97%/yr vs 14.61%/yr for AW1C.DE. A 0.65 correlation means they provide meaningful diversification when combined. AW1Z.DE charges 0.14%/yr vs 0.15%/yr for AW1C.DE.
Performance
AW1Z.DE vs. AW1C.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 AW1C.DE's 21.23% 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*
- —
AW1C.DE
- 1D
- 0.00%
- 1M
- -2.85%
- 6M
- 17.83%
- YTD
- 21.23%
- 1Y
- 36.44%
- 3Y*
- 20.87%
- 5Y*
- 14.61%
- 10Y*
- —
AW1Z.DE vs. AW1C.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% |
AW1C.DE UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc | 21.23% | 6.94% | 24.89% | 24.93% | -14.50% | 12.29% |
Correlation
The correlation between AW1Z.DE and AW1C.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.65 |
The correlation between AW1Z.DE and AW1C.DE has been stable across timeframes, ranging from 0.58 to 0.65 - a consistent structural relationship.
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Return for Risk
AW1Z.DE vs. AW1C.DE — Risk / Return Rank
AW1Z.DE
AW1C.DE
AW1Z.DE vs. AW1C.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 Elite UCITS ETF (USD) A-acc (AW1C.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 | AW1C.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.41 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 2.14 | -0.81 |
| Martin ratioReturn relative to average drawdown | 4.77 | 4.05 | +0.71 |
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Drawdowns
AW1Z.DE vs. AW1C.DE - Drawdown Comparison
The maximum AW1Z.DE drawdown since its inception was -24.70%, which is greater than AW1C.DE's maximum drawdown of -22.40%. Use the drawdown chart below to compare losses from any high point for AW1Z.DE and AW1C.DE.
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Drawdown Indicators
| AW1Z.DE | AW1C.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -22.40% | -2.30% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -16.86% | +6.08% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -22.40% | +7.38% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -22.40% | -2.30% |
Current DrawdownCurrent decline from peak | -2.16% | -4.70% | +2.54% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -6.34% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 8.89% | -5.89% |
Volatility
AW1Z.DE vs. AW1C.DE - Volatility Comparison
The current volatility for UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc (AW1Z.DE) is 3.86%, while UBS ETF (IE) S&P 500 ESG Elite UCITS ETF (USD) A-acc (AW1C.DE) has a volatility of 5.64%. This indicates that AW1Z.DE experiences smaller price fluctuations and is considered to be less risky than AW1C.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 | AW1C.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 5.64% | -1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 11.17% | +1.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 25.99% | -10.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 18.58% | -2.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 19.47% | -3.42% |
AW1Z.DE vs. AW1C.DE - Expense Ratio Comparison
AW1Z.DE has a 0.14% expense ratio, which is lower than AW1C.DE's 0.15% 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
AW1Z.DE vs. AW1C.DE - Dividend Comparison
Neither AW1Z.DE nor AW1C.DE has paid dividends to shareholders.
Frequently Asked Questions
AW1Z.DE and AW1C.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW1Z.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW1Z.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for AW1C.DE.
AW1Z.DE is categorized as Europe Equities, while AW1C.DE is S&P 500. AW1Z.DE tracks MSCI EMU Climate Paris Aligned, while AW1C.DE tracks S&P 500® ESG Elite. Their fees differ too: 0.14% for AW1Z.DE and 0.15% for AW1C.DE.
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