AW1Z.DE vs. EUN0.DE
AW1Z.DE (UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - AW1Z.DE tracks the MSCI EMU Climate Paris Aligned while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 5 years, AW1Z.DE returned 7.97%/yr vs 7.18%/yr for EUN0.DE. A 0.76 correlation means they provide meaningful diversification when combined. AW1Z.DE charges 0.14%/yr vs 0.25%/yr for EUN0.DE.
Performance
AW1Z.DE vs. EUN0.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with AW1Z.DE having a 9.37% return and EUN0.DE slightly lower at 9.16%.
AW1Z.DE
- 1D
- 0.00%
- 1M
- -1.84%
- 6M
- 5.98%
- YTD
- 9.37%
- 1Y
- 14.54%
- 3Y*
- 11.80%
- 5Y*
- 7.97%
- 10Y*
- —
EUN0.DE
- 1D
- 0.59%
- 1M
- 3.10%
- 6M
- 7.09%
- YTD
- 9.16%
- 1Y
- 11.79%
- 3Y*
- 12.05%
- 5Y*
- 7.18%
- 10Y*
- 6.97%
AW1Z.DE vs. EUN0.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% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 9.16% | 12.27% | 11.42% | 10.79% | -13.21% | 23.58% |
Correlation
The correlation between AW1Z.DE and EUN0.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.76 |
The correlation between AW1Z.DE and EUN0.DE shifts across timeframes, from 0.62 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AW1Z.DE vs. EUN0.DE — Risk / Return Rank
AW1Z.DE
EUN0.DE
AW1Z.DE vs. EUN0.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 iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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 | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.24 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.66 | -0.33 |
| Martin ratioReturn relative to average drawdown | 4.77 | 5.12 | -0.36 |
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Drawdowns
AW1Z.DE vs. EUN0.DE - Drawdown Comparison
The maximum AW1Z.DE drawdown since its inception was -24.70%, smaller than the maximum EUN0.DE drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for AW1Z.DE and EUN0.DE.
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Drawdown Indicators
| AW1Z.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -30.68% | +5.98% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -7.16% | -3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -10.73% | -4.29% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -19.64% | -5.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.68% | — |
Current DrawdownCurrent decline from peak | -2.16% | -0.01% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -4.66% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.32% | +0.68% |
Volatility
AW1Z.DE vs. EUN0.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 iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 2.39%. This indicates that AW1Z.DE's price experiences larger fluctuations and is considered to be riskier than EUN0.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 | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 2.39% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 7.47% | +5.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 9.03% | +6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 11.03% | +5.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 12.21% | +3.84% |
AW1Z.DE vs. EUN0.DE - Expense Ratio Comparison
AW1Z.DE has a 0.14% expense ratio, which is lower than EUN0.DE's 0.25% 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. EUN0.DE - Dividend Comparison
Neither AW1Z.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
AW1Z.DE and EUN0.DE have a correlation of 0.62, 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 0.25% for EUN0.DE.
AW1Z.DE tracks MSCI EMU Climate Paris Aligned, while EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: UBS and iShares. Their fees differ too: 0.14% for AW1Z.DE and 0.25% for EUN0.DE.
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