AW1Z.DE vs. ESNB.DE
AW1Z.DE (UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc) and ESNB.DE (Expat Serbia BELEX15 UCITS ETF) are both Europe Equities funds - AW1Z.DE tracks the MSCI EMU Climate Paris Aligned while ESNB.DE tracks the BELEX15 Index. Both are passively managed. Over the past 5 years, AW1Z.DE returned 7.97%/yr vs -1.81%/yr for ESNB.DE. At a 0.03 correlation, their price movements are largely independent. AW1Z.DE charges 0.14%/yr vs 1.38%/yr for ESNB.DE.
Performance
AW1Z.DE vs. ESNB.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AW1Z.DE achieves a 9.37% return, which is significantly higher than ESNB.DE's -6.99% 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*
- —
ESNB.DE
- 1D
- 0.23%
- 1M
- -0.07%
- 6M
- -5.83%
- YTD
- -6.99%
- 1Y
- -5.44%
- 3Y*
- -1.61%
- 5Y*
- -1.81%
- 10Y*
- —
AW1Z.DE vs. ESNB.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% |
ESNB.DE Expat Serbia BELEX15 UCITS ETF | -6.99% | 0.82% | 0.78% | 2.90% | -8.70% | 4.27% |
Correlation
The correlation between AW1Z.DE and ESNB.DE is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AW1Z.DE vs. ESNB.DE — Risk / Return Rank
AW1Z.DE
ESNB.DE
AW1Z.DE vs. ESNB.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 Expat Serbia BELEX15 UCITS ETF (ESNB.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 | ESNB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.91 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | -0.53 | +1.85 |
| Martin ratioReturn relative to average drawdown | 4.77 | -1.12 | +5.89 |
Loading charts...
Drawdowns
AW1Z.DE vs. ESNB.DE - Drawdown Comparison
The maximum AW1Z.DE drawdown since its inception was -24.70%, which is greater than ESNB.DE's maximum drawdown of -22.77%. Use the drawdown chart below to compare losses from any high point for AW1Z.DE and ESNB.DE.
Loading charts...
Drawdown Indicators
| AW1Z.DE | ESNB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -22.77% | -1.93% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -10.40% | -0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -12.60% | -2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -15.85% | -8.85% |
Current DrawdownCurrent decline from peak | -2.16% | -13.67% | +11.51% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -8.44% | +3.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 4.91% | -1.91% |
Volatility
AW1Z.DE vs. ESNB.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 Expat Serbia BELEX15 UCITS ETF (ESNB.DE) at 3.05%. This indicates that AW1Z.DE's price experiences larger fluctuations and is considered to be riskier than ESNB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AW1Z.DE | ESNB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 3.05% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 6.22% | +6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 9.72% | +5.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 10.52% | +5.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 12.11% | +3.94% |
AW1Z.DE vs. ESNB.DE - Expense Ratio Comparison
AW1Z.DE has a 0.14% expense ratio, which is lower than ESNB.DE's 1.38% expense ratio.
Dividends
AW1Z.DE vs. ESNB.DE - Dividend Comparison
Neither AW1Z.DE nor ESNB.DE has paid dividends to shareholders.
Frequently Asked Questions
AW1Z.DE and ESNB.DE have a correlation of 0.05, 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 1.38% for ESNB.DE.
AW1Z.DE tracks MSCI EMU Climate Paris Aligned, while ESNB.DE tracks BELEX15 Index. They also come from different issuers: UBS and Expat. Their fees differ too: 0.14% for AW1Z.DE and 1.38% for ESNB.DE.
Find the right allocation for AW1Z.DE and ESNB.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer