AW1Z.DE vs. XESP.DE
AW1Z.DE (UBS ETF (IE) MSCI EMU Climate Paris Aligned UCITS ETF (EUR) Acc) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - AW1Z.DE tracks the MSCI EMU Climate Paris Aligned while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, AW1Z.DE returned 7.97%/yr vs 21.68%/yr for XESP.DE. A 0.76 correlation means they provide meaningful diversification when combined. AW1Z.DE charges 0.14%/yr vs 0.30%/yr for XESP.DE.
Performance
AW1Z.DE vs. XESP.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 XESP.DE's 14.35% 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*
- —
XESP.DE
- 1D
- -0.40%
- 1M
- 0.60%
- 6M
- 11.00%
- YTD
- 14.35%
- 1Y
- 44.36%
- 3Y*
- 30.80%
- 5Y*
- 21.68%
- 10Y*
- 12.71%
AW1Z.DE vs. XESP.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% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 14.35% | 58.64% | 14.63% | 26.81% | -1.62% | 6.59% |
Correlation
The correlation between AW1Z.DE and XESP.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 9, 2021 | 0.76 |
The correlation between AW1Z.DE and XESP.DE has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.
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Return for Risk
AW1Z.DE vs. XESP.DE — Risk / Return Rank
AW1Z.DE
XESP.DE
AW1Z.DE vs. XESP.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 Xtrackers Spanish Equity UCITS ETF (XESP.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 | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.64 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.46 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 4.33 | -3.01 |
| Martin ratioReturn relative to average drawdown | 4.77 | 15.35 | -10.58 |
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Drawdowns
AW1Z.DE vs. XESP.DE - Drawdown Comparison
The maximum AW1Z.DE drawdown since its inception was -24.70%, smaller than the maximum XESP.DE drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for AW1Z.DE and XESP.DE.
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Drawdown Indicators
| AW1Z.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.70% | -40.70% | +16.00% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -10.17% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -15.02% | -12.92% | -2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -24.70% | -18.56% | -6.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.03% | — |
Current DrawdownCurrent decline from peak | -2.16% | -2.60% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -10.02% | +4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 2.88% | +0.12% |
Volatility
AW1Z.DE vs. XESP.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 Xtrackers Spanish Equity UCITS ETF (XESP.DE) has a volatility of 4.27%. This indicates that AW1Z.DE experiences smaller price fluctuations and is considered to be less risky than XESP.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 | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 4.27% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 12.82% | 14.84% | -2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.17% | 17.07% | -1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 16.70% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.05% | 18.35% | -2.30% |
AW1Z.DE vs. XESP.DE - Expense Ratio Comparison
AW1Z.DE has a 0.14% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
AW1Z.DE vs. XESP.DE - Dividend Comparison
Neither AW1Z.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
AW1Z.DE and XESP.DE have a correlation of 0.77, 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 0.30% for XESP.DE.
AW1Z.DE tracks MSCI EMU Climate Paris Aligned, while XESP.DE tracks Solactive Spain 40. They also come from different issuers: UBS and Xtrackers. Their fees differ too: 0.14% for AW1Z.DE and 0.30% for XESP.DE.
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