FTGS.DE vs. UETW.DE
FTGS.DE (First Trust Global Capital Strength ESG Leaders UCITS ETF Class A Accumulation) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - FTGS.DE tracks the First Trust Global Capital Strength ESG Leaders while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 3 years, FTGS.DE returned 6.17%/yr vs 17.68%/yr for UETW.DE. A 0.67 correlation means they provide meaningful diversification when combined. FTGS.DE charges 0.75%/yr vs 0.10%/yr for UETW.DE.
Performance
FTGS.DE vs. UETW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FTGS.DE achieves a -0.93% return, which is significantly lower than UETW.DE's 10.95% return.
FTGS.DE
- 1D
- 0.70%
- 1M
- 1.61%
- YTD
- -0.93%
- 6M
- -0.09%
- 1Y
- -2.79%
- 3Y*
- 6.17%
- 5Y*
- —
- 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*
- —
FTGS.DE vs. UETW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FTGS.DE First Trust Global Capital Strength ESG Leaders UCITS ETF Class A Accumulation | -0.93% | -0.97% | 16.36% | 8.51% | -0.83% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 10.95% | 8.06% | 26.50% | 19.68% | -4.93% |
Correlation
The correlation between FTGS.DE and UETW.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2022 | 0.67 |
Over the past year, the correlation between FTGS.DE and UETW.DE has dropped to 0.43 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
FTGS.DE vs. UETW.DE — Risk / Return Rank
FTGS.DE
UETW.DE
FTGS.DE vs. UETW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Capital Strength ESG Leaders UCITS ETF Class A Accumulation (FTGS.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.
| FTGS.DE | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.39 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.40 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 3.67 | -4.10 |
| Martin ratioReturn relative to average drawdown | -0.88 | 14.61 | -15.48 |
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
| FTGS.DE | UETW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | 2.17 | -2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.85 | -0.43 |
Drawdowns
FTGS.DE vs. UETW.DE - Drawdown Comparison
The maximum FTGS.DE drawdown since its inception was -13.82%, smaller than the maximum UETW.DE drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for FTGS.DE and UETW.DE.
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Drawdown Indicators
| FTGS.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.82% | -33.72% | +19.90% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -6.47% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -13.82% | -21.30% | +7.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.30% | — |
Current DrawdownCurrent decline from peak | -6.39% | -0.30% | -6.09% |
Average DrawdownAverage peak-to-trough decline | -4.30% | -4.63% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 1.63% | +1.55% |
Volatility
FTGS.DE vs. UETW.DE - Volatility Comparison
First Trust Global Capital Strength ESG Leaders UCITS ETF Class A Accumulation (FTGS.DE) has a higher volatility of 3.10% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.60%. This indicates that FTGS.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
| FTGS.DE | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 2.60% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 6.73% | 7.63% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.07% | 10.97% | -1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.69% | 14.03% | -2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.69% | 16.11% | -4.42% |
FTGS.DE vs. UETW.DE - Expense Ratio Comparison
FTGS.DE has a 0.75% expense ratio, which is higher than UETW.DE's 0.10% expense ratio.
Dividends
FTGS.DE vs. UETW.DE - Dividend Comparison
Neither FTGS.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
FTGS.DE and UETW.DE have a correlation of 0.43, 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 0.75% for FTGS.DE.
FTGS.DE tracks First Trust Global Capital Strength ESG Leaders, while UETW.DE tracks MSCI World. They also come from different issuers: First Trust and UBS. Their fees differ too: 0.75% for FTGS.DE and 0.10% for UETW.DE.
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