EDMW.DE vs. UETW.DE
EDMW.DE (iShares MSCI World ESG Enhanced UCITS ETF USD (Acc)) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - EDMW.DE tracks the MSCI World ESG Enhanced Focus while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, EDMW.DE returned 11.55%/yr vs 12.87%/yr for UETW.DE. With a 0.99 correlation, they move nearly in lockstep. EDMW.DE charges 0.20%/yr vs 0.10%/yr for UETW.DE.
Performance
EDMW.DE vs. UETW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EDMW.DE achieves a 10.19% return, which is significantly lower than UETW.DE's 10.95% return.
EDMW.DE
- 1D
- 0.06%
- 1M
- 3.69%
- YTD
- 10.19%
- 6M
- 10.25%
- 1Y
- 21.91%
- 3Y*
- 16.27%
- 5Y*
- 11.55%
- 10Y*
- —
UETW.DE
- 1D
- -0.01%
- 1M
- 3.72%
- YTD
- 10.95%
- 6M
- 10.99%
- 1Y
- 23.94%
- 3Y*
- 17.68%
- 5Y*
- 12.87%
- 10Y*
- —
EDMW.DE vs. UETW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EDMW.DE iShares MSCI World ESG Enhanced UCITS ETF USD (Acc) | 10.19% | 6.42% | 25.12% | 18.98% | -15.82% | 33.40% | 6.84% | 13.14% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 10.95% | 8.06% | 26.50% | 19.68% | -13.72% | 32.17% | 5.50% | 12.54% |
Correlation
The correlation between EDMW.DE and UETW.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2019 | 0.99 |
The correlation between EDMW.DE and UETW.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
EDMW.DE vs. UETW.DE — Risk / Return Rank
EDMW.DE
UETW.DE
EDMW.DE vs. UETW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ESG Enhanced UCITS ETF USD (Acc) (EDMW.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.
| EDMW.DE | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.40 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 3.67 | -0.61 |
| Martin ratioReturn relative to average drawdown | 12.11 | 14.61 | -2.50 |
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
| EDMW.DE | UETW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 2.17 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.91 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.85 | -0.07 |
Drawdowns
EDMW.DE vs. UETW.DE - Drawdown Comparison
The maximum EDMW.DE drawdown since its inception was -33.12%, roughly equal to the maximum UETW.DE drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for EDMW.DE and UETW.DE.
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Drawdown Indicators
| EDMW.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.12% | -33.72% | +0.60% |
Max Drawdown (1Y)Largest decline over 1 year | -7.18% | -6.47% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -21.20% | -21.30% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -21.20% | -21.30% | +0.10% |
Current DrawdownCurrent decline from peak | -0.32% | -0.30% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -4.63% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 1.63% | +0.19% |
Volatility
EDMW.DE vs. UETW.DE - Volatility Comparison
iShares MSCI World ESG Enhanced UCITS ETF USD (Acc) (EDMW.DE) has a higher volatility of 2.75% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.60%. This indicates that EDMW.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
| EDMW.DE | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 2.60% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.83% | 7.63% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.41% | 10.97% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.23% | 14.03% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.27% | 16.11% | +0.16% |
EDMW.DE vs. UETW.DE - Expense Ratio Comparison
EDMW.DE has a 0.20% expense ratio, which is higher than UETW.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
EDMW.DE vs. UETW.DE - Dividend Comparison
Neither EDMW.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, EDMW.DE and UETW.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, 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 0.20% for EDMW.DE.
EDMW.DE tracks MSCI World ESG Enhanced Focus, while UETW.DE tracks MSCI World. They also come from different issuers: iShares and UBS. Their fees differ too: 0.20% for EDMW.DE and 0.10% for UETW.DE.
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