FGLR.DE vs. UETW.DE

Last updated Jun 5, 2026

FGLR.DE (Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - FGLR.DE tracks the Fidelity Sustainable Research Enhanced Global Equity while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, FGLR.DE returned 11.73%/yr vs 12.87%/yr for UETW.DE. With a 0.98 correlation, they move nearly in lockstep. FGLR.DE charges 0.35%/yr vs 0.10%/yr for UETW.DE.

Performance

FGLR.DE vs. UETW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc (FGLR.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

In the year-to-date period, FGLR.DE achieves a 9.94% return, which is significantly lower than UETW.DE's 10.95% return.

FGLR.DE

• 1D: 0.13%
• 1M: 4.17%
• YTD: 9.94%
• 6M: 10.09%
• 1Y: 22.01%
• 3Y*: 15.71%
• 5Y*: 11.73%
• 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*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FGLR.DE Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc	9.94%	5.43%	24.62%	20.29%	-14.52%	32.48%	11.79%
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc	10.95%	8.06%	26.50%	19.68%	-13.72%	32.17%	11.59%

Correlation

The correlation between FGLR.DE and UETW.DE is 0.95, 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.98

The correlation between FGLR.DE and UETW.DE has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.

Return for Risk

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

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

FGLR.DE

FGLR.DE Risk / Return Rank: 60
FGLR.DE Sharpe Ratio Rank: 58
FGLR.DE Sortino Ratio Rank: 58
FGLR.DE Omega Ratio Rank: 59
FGLR.DE Calmar Ratio Rank: 62
FGLR.DE Martin Ratio Rank: 65

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.

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

This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc (FGLR.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.

	FGLR.DE	UETW.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.17	-0.23
Sortino ratio: Return per unit of downside risk	2.74	3.02	-0.28
Omega ratio: Gain probability vs. loss probability	1.35	1.40	-0.05
Calmar ratio: Return relative to maximum drawdown	3.00	3.67	-0.67
Martin ratio: Return relative to average drawdown	11.73	14.61	-2.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current FGLR.DE Sharpe Ratio is 1.93, which is comparable to the UETW.DE Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of FGLR.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

	FGLR.DE	UETW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.93	2.17	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.91	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.85	+0.12

Drawdowns

FGLR.DE vs. UETW.DE - Drawdown Comparison

The maximum FGLR.DE drawdown since its inception was -22.47%, smaller than the maximum UETW.DE drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for FGLR.DE and UETW.DE.

Drawdown Indicators

	FGLR.DE	UETW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-22.47%	-33.72%	+11.25%
Max Drawdown (1Y) Largest decline over 1 year	-7.30%	-6.47%	-0.83%
Max Drawdown (3Y) Largest decline over 3 years	-22.47%	-21.30%	-1.17%
Max Drawdown (5Y) Largest decline over 5 years	-22.47%	-21.30%	-1.17%
Current Drawdown Current decline from peak	-0.15%	-0.30%	+0.15%
Average Drawdown Average peak-to-trough decline	-3.98%	-4.63%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	1.63%	+0.24%

Volatility

FGLR.DE vs. UETW.DE - Volatility Comparison

Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc (FGLR.DE) and UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) have volatilities of 2.51% and 2.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGLR.DE	UETW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.51%	2.60%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	7.91%	7.63%	+0.28%
Volatility (1Y) Calculated over the trailing 1-year period	11.33%	10.97%	+0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.21%	14.03%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.39%	16.11%	-1.72%

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

FGLR.DE has a 0.35% expense ratio, which is higher than UETW.DE's 0.10% expense ratio.

Dividends

FGLR.DE vs. UETW.DE - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

With a correlation of 0.95, FGLR.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, FGLR.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, FGLR.DE or UETW.DE?

UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.35% for FGLR.DE.

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

FGLR.DE tracks Fidelity Sustainable Research Enhanced Global Equity, while UETW.DE tracks MSCI World. They also come from different issuers: Fidelity and UBS. Their fees differ too: 0.35% for FGLR.DE and 0.10% for UETW.DE.