AW1Z.DE vs. MVEE.DE
AW1Z.DE (UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - AW1Z.DE tracks the MSCI EMU Climate Paris Aligned while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, AW1Z.DE returned 7.97%/yr vs 6.23%/yr for MVEE.DE. Their correlation of 0.82 suggests significant overlap in exposure. AW1Z.DE charges 0.14%/yr vs 0.25%/yr for MVEE.DE.
Performance
AW1Z.DE vs. MVEE.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 MVEE.DE's 10.23% 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*
- —
MVEE.DE
- 1D
- 1.48%
- 1M
- 3.83%
- 6M
- 8.10%
- YTD
- 10.23%
- 1Y
- 13.02%
- 3Y*
- 10.42%
- 5Y*
- 6.23%
- 10Y*
- —
AW1Z.DE vs. MVEE.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% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 10.23% | 8.71% | 8.75% | 12.46% | -15.04% | 24.65% |
Correlation
The correlation between AW1Z.DE and MVEE.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 | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.82 |
Over the past year, the correlation between AW1Z.DE and MVEE.DE has dropped to 0.60 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
AW1Z.DE vs. MVEE.DE — Risk / Return Rank
AW1Z.DE
MVEE.DE
AW1Z.DE vs. MVEE.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 ESG UCITS ETF (Acc) (MVEE.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 | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.24 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.77 | -0.45 |
| Martin ratioReturn relative to average drawdown | 4.77 | 6.16 | -1.40 |
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Drawdowns
AW1Z.DE vs. MVEE.DE - Drawdown Comparison
The maximum AW1Z.DE drawdown since its inception was -24.70%, which is greater than MVEE.DE's maximum drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for AW1Z.DE and MVEE.DE.
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Drawdown Indicators
| AW1Z.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -20.19% | -4.51% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -7.40% | -3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -12.19% | -2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -20.19% | -4.51% |
Current DrawdownCurrent decline from peak | -2.16% | -0.11% | -2.05% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -4.46% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.13% | +0.87% |
Volatility
AW1Z.DE vs. MVEE.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 ESG UCITS ETF (Acc) (MVEE.DE) at 3.11%. This indicates that AW1Z.DE's price experiences larger fluctuations and is considered to be riskier than MVEE.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 | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 3.11% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 8.48% | +4.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 10.16% | +5.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 12.10% | +4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 12.46% | +3.59% |
AW1Z.DE vs. MVEE.DE - Expense Ratio Comparison
AW1Z.DE has a 0.14% expense ratio, which is lower than MVEE.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. MVEE.DE - Dividend Comparison
Neither AW1Z.DE nor MVEE.DE has paid dividends to shareholders.
Frequently Asked Questions
AW1Z.DE and MVEE.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, 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 MVEE.DE.
AW1Z.DE tracks MSCI EMU Climate Paris Aligned, while MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: UBS and iShares. Their fees differ too: 0.14% for AW1Z.DE and 0.25% for MVEE.DE.
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