AYEU.DE vs. UBU7.DE
AYEU.DE (iShares Smart City Infrastructure UCITS ETF USD (Acc)) and UBU7.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Dist) are both Global Equities funds - AYEU.DE tracks the STOXX Global Smart City Infrastructure Index while UBU7.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, AYEU.DE returned 8.15%/yr vs 12.06%/yr for UBU7.DE. Their correlation of 0.87 suggests significant overlap in exposure. AYEU.DE charges 0.40%/yr vs 0.10%/yr for UBU7.DE.
Performance
AYEU.DE vs. UBU7.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEU.DE achieves a 13.15% return, which is significantly higher than UBU7.DE's 11.81% return.
AYEU.DE
- 1D
- -1.00%
- 1M
- -3.76%
- 6M
- 7.19%
- YTD
- 13.15%
- 1Y
- 17.61%
- 3Y*
- 13.32%
- 5Y*
- 8.15%
- 10Y*
- —
UBU7.DE
- 1D
- -1.10%
- 1M
- 0.56%
- 6M
- 8.88%
- YTD
- 11.81%
- 1Y
- 21.98%
- 3Y*
- 17.71%
- 5Y*
- 12.06%
- 10Y*
- 12.39%
AYEU.DE vs. UBU7.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
AYEU.DE iShares Smart City Infrastructure UCITS ETF USD (Acc) | 13.15% | 7.18% | 16.04% | 15.64% | -17.79% | 20.32% |
UBU7.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Dist | 11.81% | 8.11% | 26.08% | 20.13% | -13.88% | 20.53% |
Correlation
The correlation between AYEU.DE and UBU7.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.87 |
The correlation between AYEU.DE and UBU7.DE has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
AYEU.DE vs. UBU7.DE — Risk / Return Rank
AYEU.DE
UBU7.DE
AYEU.DE vs. UBU7.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) and UBS ETF (IE) MSCI World UCITS ETF (USD) Dist (UBU7.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.
| AYEU.DE | UBU7.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 3.36 | -1.17 |
| Martin ratioReturn relative to average drawdown | 6.58 | 13.28 | -6.69 |
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Drawdowns
AYEU.DE vs. UBU7.DE - Drawdown Comparison
The maximum AYEU.DE drawdown since its inception was -22.12%, smaller than the maximum UBU7.DE drawdown of -33.85%. Use the drawdown chart below to compare losses from any high point for AYEU.DE and UBU7.DE.
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Drawdown Indicators
| AYEU.DE | UBU7.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -33.85% | +11.73% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -6.52% | -1.48% |
Max Drawdown (3Y)Largest decline over 3 years | -21.76% | -21.70% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -21.70% | -0.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.85% | — |
Current DrawdownCurrent decline from peak | -6.28% | -1.15% | -5.13% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -5.66% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 1.65% | +1.02% |
Volatility
AYEU.DE vs. UBU7.DE - Volatility Comparison
iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) has a higher volatility of 5.14% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Dist (UBU7.DE) at 2.65%. This indicates that AYEU.DE's price experiences larger fluctuations and is considered to be riskier than UBU7.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYEU.DE | UBU7.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.14% | 2.65% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | 7.83% | +5.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.23% | 11.23% | +5.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.15% | 14.14% | +2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.89% | 15.06% | +0.83% |
AYEU.DE vs. UBU7.DE - Expense Ratio Comparison
AYEU.DE has a 0.40% expense ratio, which is higher than UBU7.DE's 0.10% expense ratio.
Dividends
AYEU.DE vs. UBU7.DE - Dividend Comparison
AYEU.DE has not paid dividends to shareholders, while UBU7.DE's dividend yield for the trailing twelve months is around 1.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AYEU.DE iShares Smart City Infrastructure UCITS ETF USD (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% |
UBU7.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Dist | 1.31% | 1.56% | 1.33% | 1.44% | 1.61% | 1.08% | 1.46% | 1.72% | 1.70% | 1.80% | 2.20% | 1.80% |
Frequently Asked Questions
AYEU.DE and UBU7.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UBU7.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UBU7.DE is cheaper with a 0.10% expense ratio, compared with 0.40% for AYEU.DE.
AYEU.DE tracks STOXX Global Smart City Infrastructure Index, while UBU7.DE tracks MSCI World. They also come from different issuers: iShares and UBS. Their fees differ too: 0.40% for AYEU.DE and 0.10% for UBU7.DE.
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