EXUS.DE vs. AW10.DE

Last updated Jun 5, 2026

EXUS.DE (Xtrackers MSCI World ex USA UCITS ETF 1C USD) and AW10.DE (UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc) are both Global Equities funds - EXUS.DE tracks the MSCI World ex USA index while AW10.DE tracks the MSCI World Climate Paris Aligned. Both are passively managed. Over the past year, EXUS.DE returned 20.10% vs 16.96% for AW10.DE. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.

Performance

EXUS.DE vs. AW10.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) and UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EXUS.DE achieves a 9.64% return, which is significantly higher than AW10.DE's 7.93% return.

EXUS.DE

• 1D: 0.19%
• 1M: 3.48%
• YTD: 9.64%
• 6M: 11.67%
• 1Y: 20.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AW10.DE

• 1D: 0.29%
• 1M: 3.41%
• YTD: 7.93%
• 6M: 9.80%
• 1Y: 16.96%
• 3Y*: 16.77%
• 5Y*: 12.14%
• 10Y*: —

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

EXUS.DE vs. AW10.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD	9.64%	17.80%	5.15%
AW10.DE UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc	7.93%	9.11%	16.68%

Correlation

The correlation between EXUS.DE and AW10.DE is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024	0.86

The correlation between EXUS.DE and AW10.DE has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.

Return for Risk

EXUS.DE vs. AW10.DE — Risk / Return Rank

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

EXUS.DE

EXUS.DE Risk / Return Rank: 49
EXUS.DE Sharpe Ratio Rank: 47
EXUS.DE Sortino Ratio Rank: 49
EXUS.DE Omega Ratio Rank: 50
EXUS.DE Calmar Ratio Rank: 47
EXUS.DE Martin Ratio Rank: 54

AW10.DE

AW10.DE Risk / Return Rank: 24
AW10.DE Sharpe Ratio Rank: 21
AW10.DE Sortino Ratio Rank: 22
AW10.DE Omega Ratio Rank: 36
AW10.DE Calmar Ratio Rank: 23
AW10.DE Martin Ratio Rank: 19

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.

EXUS.DE vs. AW10.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) and UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.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.

	EXUS.DE	AW10.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.62	0.69	+0.93
Sortino ratio: Return per unit of downside risk	2.36	1.18	+1.18
Omega ratio: Gain probability vs. loss probability	1.31	1.24	+0.07
Calmar ratio: Return relative to maximum drawdown	2.30	1.02	+1.28
Martin ratio: Return relative to average drawdown	9.01	1.98	+7.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EXUS.DE vs. AW10.DE - Sharpe Ratio Comparison

The current EXUS.DE Sharpe Ratio is 1.62, which is higher than the AW10.DE Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of EXUS.DE and AW10.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

	EXUS.DE	AW10.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	0.69	+0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.71	+0.39

Drawdowns

EXUS.DE vs. AW10.DE - Drawdown Comparison

The maximum EXUS.DE drawdown since its inception was -16.21%, smaller than the maximum AW10.DE drawdown of -19.92%. Use the drawdown chart below to compare losses from any high point for EXUS.DE and AW10.DE.

Drawdown Indicators

	EXUS.DE	AW10.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.21%	-19.92%	+3.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.68%	-16.56%	+7.88%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.92%	—
Current Drawdown Current decline from peak	-0.76%	-5.44%	+4.68%
Average Drawdown Average peak-to-trough decline	-1.78%	-5.91%	+4.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	8.55%	-6.32%

Volatility

EXUS.DE vs. AW10.DE - Volatility Comparison

The current volatility for Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) is 3.28%, while UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.DE) has a volatility of 3.47%. This indicates that EXUS.DE experiences smaller price fluctuations and is considered to be less risky than AW10.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EXUS.DE	AW10.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	3.47%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	10.06%	10.93%	-0.87%
Volatility (1Y) Calculated over the trailing 1-year period	12.37%	24.57%	-12.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.39%	17.11%	-3.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.39%	16.95%	-3.56%

EXUS.DE vs. AW10.DE - Expense Ratio Comparison

Both EXUS.DE and AW10.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

EXUS.DE vs. AW10.DE - Dividend Comparison

Neither EXUS.DE nor AW10.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EXUS.DE and AW10.DE in my portfolio?

With a correlation of 0.94, EXUS.DE and AW10.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, EXUS.DE or AW10.DE?

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EXUS.DE or AW10.DE?

EXUS.DE and AW10.DE have the same expense ratio: 0.15% per year.

What is the main difference between EXUS.DE and AW10.DE?

EXUS.DE tracks MSCI World ex USA index, while AW10.DE tracks MSCI World Climate Paris Aligned. They also come from different issuers: Xtrackers and UBS.