IS3Q.DE vs. UETW.DE
IS3Q.DE (iShares Edge MSCI World Quality Factor UCITS ETF (Acc)) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - IS3Q.DE tracks the MSCI World Sector Neutral Quality while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, IS3Q.DE returned 11.35%/yr vs 12.87%/yr for UETW.DE. With a 0.97 correlation, they move nearly in lockstep. IS3Q.DE charges 0.30%/yr vs 0.10%/yr for UETW.DE.
Performance
IS3Q.DE vs. UETW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3Q.DE achieves a 9.47% return, which is significantly lower than UETW.DE's 10.95% return.
IS3Q.DE
- 1D
- 0.75%
- 1M
- 3.07%
- YTD
- 9.47%
- 6M
- 9.57%
- 1Y
- 18.81%
- 3Y*
- 15.09%
- 5Y*
- 11.35%
- 10Y*
- 12.05%
UETW.DE
- 1D
- -0.01%
- 1M
- 3.72%
- YTD
- 10.95%
- 6M
- 10.99%
- 1Y
- 23.94%
- 3Y*
- 17.68%
- 5Y*
- 12.87%
- 10Y*
- —
IS3Q.DE vs. UETW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 9.47% | 2.80% | 23.78% | 21.70% | -14.84% | 34.28% | 4.44% | 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 IS3Q.DE and UETW.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2019 | 0.97 |
The correlation between IS3Q.DE and UETW.DE has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
IS3Q.DE vs. UETW.DE — Risk / Return Rank
IS3Q.DE
UETW.DE
IS3Q.DE vs. UETW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.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.
| IS3Q.DE | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.40 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.97 | 3.67 | -0.71 |
| Martin ratioReturn relative to average drawdown | 11.80 | 14.61 | -2.81 |
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
| IS3Q.DE | UETW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 2.17 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.91 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.85 | -0.08 |
Drawdowns
IS3Q.DE vs. UETW.DE - Drawdown Comparison
The maximum IS3Q.DE drawdown since its inception was -32.31%, roughly equal to the maximum UETW.DE drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for IS3Q.DE and UETW.DE.
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Drawdown Indicators
| IS3Q.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.31% | -33.72% | +1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -6.33% | -6.47% | +0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -21.30% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | -21.30% | +0.67% |
Max Drawdown (10Y)Largest decline over 10 years | -32.31% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.30% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -4.63% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.63% | -0.03% |
Volatility
IS3Q.DE vs. UETW.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) is 2.37%, while UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) has a volatility of 2.60%. This indicates that IS3Q.DE experiences smaller price fluctuations and is considered to be less risky 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
| IS3Q.DE | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 2.60% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 7.31% | 7.63% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.66% | 10.97% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 14.03% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.89% | 16.11% | -1.22% |
IS3Q.DE vs. UETW.DE - Expense Ratio Comparison
IS3Q.DE has a 0.30% expense ratio, which is higher than UETW.DE's 0.10% expense ratio.
Dividends
IS3Q.DE vs. UETW.DE - Dividend Comparison
Neither IS3Q.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, IS3Q.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 0.30% for IS3Q.DE.
IS3Q.DE tracks MSCI World Sector Neutral Quality, while UETW.DE tracks MSCI World. They also come from different issuers: iShares and UBS. Their fees differ too: 0.30% for IS3Q.DE and 0.10% for UETW.DE.
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