ESGW.DE vs. UETW.DE

Last updated Jun 5, 2026

ESGW.DE (Invesco MSCI World ESG Universal Screened UCITS ETF Acc) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - ESGW.DE tracks the MSCI World ESG Universal Select Business Screens while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, ESGW.DE returned 12.55%/yr vs 12.87%/yr for UETW.DE. With a 0.99 correlation, they move nearly in lockstep. ESGW.DE charges 0.19%/yr vs 0.10%/yr for UETW.DE.

Performance

ESGW.DE vs. UETW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco MSCI World ESG Universal Screened UCITS ETF Acc (ESGW.DE) and UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ESGW.DE having a 11.38% return and UETW.DE slightly lower at 10.95%.

ESGW.DE

• 1D: -0.28%
• 1M: 5.22%
• YTD: 11.38%
• 6M: 11.89%
• 1Y: 23.59%
• 3Y*: 17.44%
• 5Y*: 12.55%
• 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*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ESGW.DE vs. UETW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ESGW.DE Invesco MSCI World ESG Universal Screened UCITS ETF Acc	11.38%	7.40%	25.48%	21.26%	-16.02%	33.65%	8.07%	11.81%
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%	10.78%

Correlation

The correlation between ESGW.DE and UETW.DE is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019	0.99

The correlation between ESGW.DE and UETW.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

ESGW.DE vs. UETW.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ESGW.DE

ESGW.DE Risk / Return Rank: 66
ESGW.DE Sharpe Ratio Rank: 61
ESGW.DE Sortino Ratio Rank: 63
ESGW.DE Omega Ratio Rank: 64
ESGW.DE Calmar Ratio Rank: 70
ESGW.DE Martin Ratio Rank: 73

UETW.DE

UETW.DE Risk / Return Rank: 71
UETW.DE Sharpe Ratio Rank: 66
UETW.DE Sortino Ratio Rank: 67
UETW.DE Omega Ratio Rank: 69
UETW.DE Calmar Ratio Rank: 74
UETW.DE Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ESGW.DE vs. UETW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World ESG Universal Screened UCITS ETF Acc (ESGW.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.

	ESGW.DE	UETW.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.17	-0.14
Sortino ratio: Return per unit of downside risk	2.90	3.02	-0.13
Omega ratio: Gain probability vs. loss probability	1.38	1.40	-0.02
Calmar ratio: Return relative to maximum drawdown	3.41	3.67	-0.26
Martin ratio: Return relative to average drawdown	13.42	14.61	-1.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESGW.DE vs. UETW.DE - Sharpe Ratio Comparison

The current ESGW.DE Sharpe Ratio is 2.03, which is comparable to the UETW.DE Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of ESGW.DE and UETW.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ESGW.DE	UETW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	2.17	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.91	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.85	0.00

Drawdowns

ESGW.DE vs. UETW.DE - Drawdown Comparison

The maximum ESGW.DE drawdown since its inception was -32.09%, roughly equal to the maximum UETW.DE drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for ESGW.DE and UETW.DE.

Drawdown Indicators

	ESGW.DE	UETW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-32.09%	-33.72%	+1.63%
Max Drawdown (1Y) Largest decline over 1 year	-6.88%	-6.47%	-0.41%
Max Drawdown (3Y) Largest decline over 3 years	-21.55%	-21.30%	-0.25%
Max Drawdown (5Y) Largest decline over 5 years	-21.55%	-21.30%	-0.25%
Current Drawdown Current decline from peak	-0.54%	-0.30%	-0.24%
Average Drawdown Average peak-to-trough decline	-4.99%	-4.63%	-0.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	1.63%	+0.12%

Volatility

ESGW.DE vs. UETW.DE - Volatility Comparison

Invesco MSCI World ESG Universal Screened UCITS ETF Acc (ESGW.DE) has a higher volatility of 2.86% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.60%. This indicates that ESGW.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.

Volatility by Period

	ESGW.DE	UETW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.86%	2.60%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	8.23%	7.63%	+0.60%
Volatility (1Y) Calculated over the trailing 1-year period	11.60%	10.97%	+0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.32%	14.03%	+0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.24%	16.11%	+0.13%

ESGW.DE vs. UETW.DE - Expense Ratio Comparison

ESGW.DE has a 0.19% 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

ESGW.DE vs. UETW.DE - Dividend Comparison

Neither ESGW.DE nor UETW.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ESGW.DE and UETW.DE in my portfolio?

With a correlation of 0.98, ESGW.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.

Which ETF is better, ESGW.DE or UETW.DE?

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.

Which ETF is cheaper, ESGW.DE or UETW.DE?

UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.19% for ESGW.DE.

What is the main difference between ESGW.DE and UETW.DE?

ESGW.DE tracks MSCI World ESG Universal Select Business Screens, while UETW.DE tracks MSCI World. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.19% for ESGW.DE and 0.10% for UETW.DE.