ECLM.DE vs. UEEH.DE
ECLM.DE (HANetf iClima Global Decarbonisation Enablers UCITS ETF) and UEEH.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist) are both Global Equities funds - ECLM.DE tracks the iClima Global Decarbonisation Enablers while UEEH.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, ECLM.DE returned -0.34%/yr vs 5.98%/yr for UEEH.DE. At a 0.39 correlation, their price movements are largely independent. ECLM.DE charges 0.65%/yr vs 0.30%/yr for UEEH.DE.
Performance
ECLM.DE vs. UEEH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ECLM.DE achieves a 18.15% return, which is significantly higher than UEEH.DE's 1.54% return.
ECLM.DE
- 1D
- -1.47%
- 1M
- 5.70%
- YTD
- 18.15%
- 6M
- 17.28%
- 1Y
- 37.06%
- 3Y*
- 4.30%
- 5Y*
- -0.34%
- 10Y*
- —
UEEH.DE
- 1D
- -0.04%
- 1M
- 1.51%
- YTD
- 1.54%
- 6M
- 1.62%
- 1Y
- -0.54%
- 3Y*
- 6.19%
- 5Y*
- 5.98%
- 10Y*
- —
ECLM.DE vs. UEEH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ECLM.DE HANetf iClima Global Decarbonisation Enablers UCITS ETF | 18.15% | 12.83% | -11.47% | 1.02% | -23.37% | 14.89% | 7.80% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.54% | -1.55% | 17.56% | 3.56% | -4.40% | 23.98% | 0.12% |
Correlation
The correlation between ECLM.DE and UEEH.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2020 | 0.39 |
Over the past year, the correlation between ECLM.DE and UEEH.DE has dropped to 0.11 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
ECLM.DE vs. UEEH.DE — Risk / Return Rank
ECLM.DE
UEEH.DE
ECLM.DE vs. UEEH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf iClima Global Decarbonisation Enablers UCITS ETF (ECLM.DE) and iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.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.
| ECLM.DE | UEEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.00 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | -0.10 | +1.97 |
| Martin ratioReturn relative to average drawdown | 3.63 | -0.22 | +3.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ECLM.DE | UEEH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | -0.07 | +1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.59 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.65 | -0.55 |
Drawdowns
ECLM.DE vs. UEEH.DE - Drawdown Comparison
The maximum ECLM.DE drawdown since its inception was -49.88%, which is greater than UEEH.DE's maximum drawdown of -12.82%. Use the drawdown chart below to compare losses from any high point for ECLM.DE and UEEH.DE.
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Drawdown Indicators
| ECLM.DE | UEEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.88% | -12.82% | -37.06% |
Max Drawdown (1Y)Largest decline over 1 year | -19.77% | -5.49% | -14.28% |
Max Drawdown (3Y)Largest decline over 3 years | -36.17% | -12.82% | -23.35% |
Max Drawdown (5Y)Largest decline over 5 years | -49.88% | -12.82% | -37.06% |
Current DrawdownCurrent decline from peak | -16.23% | -6.93% | -9.30% |
Average DrawdownAverage peak-to-trough decline | -24.19% | -4.41% | -19.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.19% | 2.52% | +7.67% |
Volatility
ECLM.DE vs. UEEH.DE - Volatility Comparison
HANetf iClima Global Decarbonisation Enablers UCITS ETF (ECLM.DE) has a higher volatility of 6.50% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.DE) at 2.62%. This indicates that ECLM.DE's price experiences larger fluctuations and is considered to be riskier than UEEH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECLM.DE | UEEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 2.62% | +3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 5.56% | +7.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.64% | 7.88% | +20.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.04% | 10.11% | +12.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.35% | 10.26% | +13.09% |
ECLM.DE vs. UEEH.DE - Expense Ratio Comparison
ECLM.DE has a 0.65% expense ratio, which is higher than UEEH.DE's 0.30% expense ratio.
Dividends
ECLM.DE vs. UEEH.DE - Dividend Comparison
ECLM.DE has not paid dividends to shareholders, while UEEH.DE's dividend yield for the trailing twelve months is around 1.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ECLM.DE HANetf iClima Global Decarbonisation Enablers UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.45% | 1.49% | 1.59% | 1.76% | 1.70% | 1.37% |
Frequently Asked Questions
ECLM.DE and UEEH.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UEEH.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UEEH.DE is cheaper with a 0.30% expense ratio, compared with 0.65% for ECLM.DE.
ECLM.DE tracks iClima Global Decarbonisation Enablers, while UEEH.DE tracks MSCI World Minimum Volatility. They also come from different issuers: HANetf and iShares. Their fees differ too: 0.65% for ECLM.DE and 0.30% for UEEH.DE.
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