IS3S.DE vs. UETW.DE
IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - IS3S.DE tracks the MSCI World Enhanced Value while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, IS3S.DE returned 17.35%/yr vs 12.87%/yr for UETW.DE. Their correlation of 0.83 suggests significant overlap in exposure. IS3S.DE charges 0.30%/yr vs 0.10%/yr for UETW.DE.
Performance
IS3S.DE vs. UETW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3S.DE achieves a 35.27% return, which is significantly higher than UETW.DE's 10.95% return.
IS3S.DE
- 1D
- -0.83%
- 1M
- 11.04%
- YTD
- 35.27%
- 6M
- 38.20%
- 1Y
- 63.38%
- 3Y*
- 26.82%
- 5Y*
- 17.35%
- 10Y*
- 12.60%
UETW.DE
- 1D
- -0.01%
- 1M
- 3.72%
- YTD
- 10.95%
- 6M
- 10.99%
- 1Y
- 23.94%
- 3Y*
- 17.68%
- 5Y*
- 12.87%
- 10Y*
- —
IS3S.DE vs. UETW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 35.27% | 25.13% | 11.36% | 15.62% | -4.81% | 30.38% | -12.53% | 12.70% |
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 IS3S.DE and UETW.DE is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2019 | 0.83 |
The correlation between IS3S.DE and UETW.DE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
IS3S.DE vs. UETW.DE — Risk / Return Rank
IS3S.DE
UETW.DE
IS3S.DE vs. UETW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Value Factor UCITS ETF (IS3S.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.
| IS3S.DE | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.37 | ||
| Sortino ratioReturn per unit of downside risk | +3.11 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.40 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 10.36 | 3.67 | +6.68 |
| Martin ratioReturn relative to average drawdown | 39.01 | 14.61 | +24.40 |
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
| IS3S.DE | UETW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.53 | 2.17 | +2.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | 0.91 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.85 | -0.16 |
Drawdowns
IS3S.DE vs. UETW.DE - Drawdown Comparison
The maximum IS3S.DE drawdown since its inception was -35.18%, roughly equal to the maximum UETW.DE drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for IS3S.DE and UETW.DE.
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Drawdown Indicators
| IS3S.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.18% | -33.72% | -1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -6.09% | -6.47% | +0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -17.80% | -21.30% | +3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -17.80% | -21.30% | +3.50% |
Max Drawdown (10Y)Largest decline over 10 years | -35.18% | — | — |
Current DrawdownCurrent decline from peak | -0.83% | -0.30% | -0.53% |
Average DrawdownAverage peak-to-trough decline | -5.82% | -4.63% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.63% | -0.01% |
Volatility
IS3S.DE vs. UETW.DE - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a higher volatility of 5.62% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.60%. This indicates that IS3S.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
| IS3S.DE | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 2.60% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 11.32% | 7.63% | +3.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.93% | 10.97% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 14.03% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 16.11% | -0.35% |
IS3S.DE vs. UETW.DE - Expense Ratio Comparison
IS3S.DE has a 0.30% expense ratio, which is higher than UETW.DE's 0.10% expense ratio.
Dividends
IS3S.DE vs. UETW.DE - Dividend Comparison
Neither IS3S.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3S.DE and UETW.DE have a correlation of 0.79, 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 0.30% for IS3S.DE.
IS3S.DE tracks MSCI World Enhanced Value, while UETW.DE tracks MSCI World. They also come from different issuers: iShares and UBS. Their fees differ too: 0.30% for IS3S.DE and 0.10% for UETW.DE.
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