ECLM.DE vs. UETW.DE
ECLM.DE (HANetf iClima Global Decarbonisation Enablers UCITS ETF) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - ECLM.DE tracks the iClima Global Decarbonisation Enablers while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, ECLM.DE returned -0.34%/yr vs 12.87%/yr for UETW.DE. A 0.75 correlation means they provide meaningful diversification when combined. ECLM.DE charges 0.65%/yr vs 0.10%/yr for UETW.DE.
Performance
ECLM.DE vs. UETW.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 UETW.DE's 10.95% 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*
- —
UETW.DE
- 1D
- -0.01%
- 1M
- 4.88%
- YTD
- 10.95%
- 6M
- 11.42%
- 1Y
- 23.88%
- 3Y*
- 17.68%
- 5Y*
- 12.87%
- 10Y*
- —
ECLM.DE vs. UETW.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% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 10.95% | 8.06% | 26.50% | 19.68% | -13.72% | 32.17% | 1.76% |
Correlation
The correlation between ECLM.DE and UETW.DE is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2020 | 0.75 |
The correlation between ECLM.DE and UETW.DE has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
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Return for Risk
ECLM.DE vs. UETW.DE — Risk / Return Rank
ECLM.DE
UETW.DE
ECLM.DE vs. UETW.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 UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.40 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 3.67 | -1.81 |
| Martin ratioReturn relative to average drawdown | 3.63 | 14.61 | -10.98 |
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 | UETW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.29 | 2.17 | -0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.91 | -0.92 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.85 | -0.75 |
Drawdowns
ECLM.DE vs. UETW.DE - Drawdown Comparison
The maximum ECLM.DE drawdown since its inception was -49.88%, which is greater than UETW.DE's maximum drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for ECLM.DE and UETW.DE.
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Drawdown Indicators
| ECLM.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.88% | -33.72% | -16.16% |
Max Drawdown (1Y)Largest decline over 1 year | -19.77% | -6.47% | -13.30% |
Max Drawdown (3Y)Largest decline over 3 years | -36.17% | -21.30% | -14.87% |
Max Drawdown (5Y)Largest decline over 5 years | -49.88% | -21.30% | -28.58% |
Current DrawdownCurrent decline from peak | -16.23% | -0.30% | -15.93% |
Average DrawdownAverage peak-to-trough decline | -24.19% | -4.63% | -19.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.19% | 1.63% | +8.56% |
Volatility
ECLM.DE vs. UETW.DE - Volatility Comparison
HANetf iClima Global Decarbonisation Enablers UCITS ETF (ECLM.DE) has a higher volatility of 6.50% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.60%. This indicates that ECLM.DE's price experiences larger fluctuations and is considered to be riskier than UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 2.60% | +3.90% |
Volatility (6M)Calculated over the trailing 6-month period | 13.35% | 7.63% | +5.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.64% | 10.97% | +17.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.04% | 14.03% | +9.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.35% | 16.11% | +7.24% |
ECLM.DE vs. UETW.DE - Expense Ratio Comparison
ECLM.DE has a 0.65% expense ratio, which is higher than UETW.DE's 0.10% expense ratio.
Dividends
ECLM.DE vs. UETW.DE - Dividend Comparison
Neither ECLM.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
ECLM.DE and UETW.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UETW.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.65% for ECLM.DE.
ECLM.DE tracks iClima Global Decarbonisation Enablers, while UETW.DE tracks MSCI World. They also come from different issuers: HANetf and UBS. Their fees differ too: 0.65% for ECLM.DE and 0.10% for UETW.DE.
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