IWLE.DE vs. UEEH.DE
IWLE.DE (iShares Core MSCI World UCITS ETF EUR Hedged Dist) and UEEH.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist) are both Global Equities funds from iShares - IWLE.DE tracks the MSCI World Net TR Index while UEEH.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, IWLE.DE returned 10.03%/yr vs 6.00%/yr for UEEH.DE. At a 0.48 correlation, their price movements are largely independent. Both charge a 0.30% expense ratio.
Performance
IWLE.DE vs. UEEH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IWLE.DE achieves a 7.23% return, which is significantly higher than UEEH.DE's 2.93% return.
IWLE.DE
- 1D
- -0.47%
- 1M
- -0.85%
- YTD
- 7.23%
- 6M
- 7.12%
- 1Y
- 20.78%
- 3Y*
- 17.76%
- 5Y*
- 10.03%
- 10Y*
- —
UEEH.DE
- 1D
- -0.18%
- 1M
- 0.89%
- YTD
- 2.93%
- 6M
- 3.49%
- 1Y
- 4.11%
- 3Y*
- 7.53%
- 5Y*
- 6.00%
- 10Y*
- —
IWLE.DE vs. UEEH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 7.23% | 16.76% | 19.70% | 21.53% | -18.71% | 23.89% | 11.11% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 2.93% | -1.30% | 17.87% | 3.61% | -4.41% | 24.47% | 0.95% |
Correlation
The correlation between IWLE.DE and UEEH.DE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2020 | 0.48 |
Over the past year, the correlation between IWLE.DE and UEEH.DE has dropped to 0.17 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
IWLE.DE vs. UEEH.DE — Risk / Return Rank
IWLE.DE
UEEH.DE
IWLE.DE vs. UEEH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) and iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IWLE.DE | UEEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.09 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 0.77 | +1.80 |
| Martin ratioReturn relative to average drawdown | 11.25 | 1.94 | +9.31 |
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Drawdowns
IWLE.DE vs. UEEH.DE - Drawdown Comparison
The maximum IWLE.DE drawdown since its inception was -32.76%, which is greater than UEEH.DE's maximum drawdown of -12.87%. Use the drawdown chart below to compare losses from any high point for IWLE.DE and UEEH.DE.
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Drawdown Indicators
| IWLE.DE | UEEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.76% | -12.87% | -19.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -5.33% | -2.72% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -12.87% | -4.73% |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | -12.87% | -10.62% |
Current DrawdownCurrent decline from peak | -1.77% | -5.36% | +3.59% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -4.37% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 2.11% | -0.27% |
Volatility
IWLE.DE vs. UEEH.DE - Volatility Comparison
iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) has a higher volatility of 4.07% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.DE) at 2.16%. This indicates that IWLE.DE's price experiences larger fluctuations and is considered to be riskier than UEEH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWLE.DE | UEEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 2.16% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 5.75% | +3.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 8.12% | +4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 10.30% | +4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 10.22% | +6.54% |
IWLE.DE vs. UEEH.DE - Expense Ratio Comparison
Both IWLE.DE and UEEH.DE have an expense ratio of 0.30%.
Dividends
IWLE.DE vs. UEEH.DE - Dividend Comparison
IWLE.DE's dividend yield for the trailing twelve months is around 1.05%, less than UEEH.DE's 1.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 1.05% | 1.11% | 1.27% | 1.43% | 1.76% | 1.20% | 1.04% | 0.53% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.68% | 1.72% | 1.70% | 1.89% | 1.73% | 1.62% | 0.00% | 0.00% |
Frequently Asked Questions
IWLE.DE and UEEH.DE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IWLE.DE and UEEH.DE have the same expense ratio: 0.30% per year.
IWLE.DE tracks MSCI World Net TR Index, while UEEH.DE tracks MSCI World Minimum Volatility.
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