AW1Z.DE vs. UIMA.DE
AW1Z.DE (UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc) and UIMA.DE (UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis) are both Europe Equities funds from UBS - AW1Z.DE tracks the MSCI EMU Climate Paris Aligned while UIMA.DE tracks the MSCI Europe. Both are passively managed. Over the past 5 years, AW1Z.DE returned 7.97%/yr vs 10.47%/yr for UIMA.DE. Their correlation of 0.94 suggests significant overlap in exposure. AW1Z.DE charges 0.14%/yr vs 0.10%/yr for UIMA.DE.
Performance
AW1Z.DE vs. UIMA.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 UIMA.DE's 10.81% 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*
- —
UIMA.DE
- 1D
- -0.30%
- 1M
- 0.83%
- 6M
- 6.77%
- YTD
- 10.81%
- 1Y
- 20.84%
- 3Y*
- 14.78%
- 5Y*
- 10.47%
- 10Y*
- 9.55%
AW1Z.DE vs. UIMA.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% |
UIMA.DE UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis | 10.81% | 20.65% | 8.36% | 15.54% | -9.27% | 19.76% |
Correlation
The correlation between AW1Z.DE and UIMA.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.94 |
The correlation between AW1Z.DE and UIMA.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
AW1Z.DE vs. UIMA.DE — Risk / Return Rank
AW1Z.DE
UIMA.DE
AW1Z.DE vs. UIMA.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 (LU) MSCI Europe UCITS ETF (EUR) A-dis (UIMA.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 | UIMA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.30 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 2.19 | -0.86 |
| Martin ratioReturn relative to average drawdown | 4.77 | 8.43 | -3.66 |
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Drawdowns
AW1Z.DE vs. UIMA.DE - Drawdown Comparison
The maximum AW1Z.DE drawdown since its inception was -24.70%, smaller than the maximum UIMA.DE drawdown of -35.79%. Use the drawdown chart below to compare losses from any high point for AW1Z.DE and UIMA.DE.
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Drawdown Indicators
| AW1Z.DE | UIMA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -35.79% | +11.09% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -9.42% | -1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -16.25% | +1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -19.42% | -5.28% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.79% | — |
Current DrawdownCurrent decline from peak | -2.16% | -1.73% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -5.30% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.45% | +0.55% |
Volatility
AW1Z.DE vs. UIMA.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 (LU) MSCI Europe UCITS ETF (EUR) A-dis (UIMA.DE) at 3.07%. This indicates that AW1Z.DE's price experiences larger fluctuations and is considered to be riskier than UIMA.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 | UIMA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 3.07% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 10.86% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 12.91% | +2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 14.19% | +2.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 15.17% | +0.88% |
AW1Z.DE vs. UIMA.DE - Expense Ratio Comparison
AW1Z.DE has a 0.14% expense ratio, which is higher than UIMA.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. UIMA.DE - Dividend Comparison
AW1Z.DE has not paid dividends to shareholders, while UIMA.DE's dividend yield for the trailing twelve months is around 3.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AW1Z.DE UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UIMA.DE UBS ETF (LU) MSCI Europe UCITS ETF (EUR) A-dis | 3.07% | 2.48% | 2.67% | 2.74% | 2.91% | 2.02% | 2.06% | 2.87% | 3.38% | 2.91% | 3.95% | 3.24% |
Frequently Asked Questions
With a correlation of 0.92, AW1Z.DE and UIMA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, UIMA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UIMA.DE is cheaper with a 0.10% expense ratio, compared with 0.14% for AW1Z.DE.
AW1Z.DE tracks MSCI EMU Climate Paris Aligned, while UIMA.DE tracks MSCI Europe. Their fees differ too: 0.14% for AW1Z.DE and 0.10% for UIMA.DE.
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