IXUA.DE vs. UETW.DE
IXUA.DE (iShares MSCI World ex-USA UCITS ETF USD Acc) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - IXUA.DE tracks the MSCI World ex USA while UETW.DE tracks the MSCI World. Both are passively managed. Over the past year, IXUA.DE returned 20.67% vs 23.94% for UETW.DE. A 0.80 correlation means they provide meaningful diversification when combined. IXUA.DE charges 0.15%/yr vs 0.10%/yr for UETW.DE.
Performance
IXUA.DE vs. UETW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IXUA.DE achieves a 9.84% return, which is significantly lower than UETW.DE's 10.95% return.
IXUA.DE
- 1D
- 0.20%
- 1M
- 1.58%
- YTD
- 9.84%
- 6M
- 11.80%
- 1Y
- 20.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UETW.DE
- 1D
- -0.01%
- 1M
- 3.72%
- YTD
- 10.95%
- 6M
- 10.99%
- 1Y
- 23.94%
- 3Y*
- 17.68%
- 5Y*
- 12.87%
- 10Y*
- —
IXUA.DE vs. UETW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IXUA.DE iShares MSCI World ex-USA UCITS ETF USD Acc | 9.84% | 11.45% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 10.95% | 4.46% |
Correlation
The correlation between IXUA.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 (All Time) Calculated using the full available price history since Jan 31, 2025 | 0.80 |
The correlation between IXUA.DE and UETW.DE has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.
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Return for Risk
IXUA.DE vs. UETW.DE — Risk / Return Rank
IXUA.DE
UETW.DE
IXUA.DE vs. UETW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ex-USA UCITS ETF USD Acc (IXUA.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.
| IXUA.DE | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.40 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 3.67 | -1.23 |
| Martin ratioReturn relative to average drawdown | 9.50 | 14.61 | -5.11 |
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
| IXUA.DE | UETW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | 2.17 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 0.85 | +0.26 |
Drawdowns
IXUA.DE vs. UETW.DE - Drawdown Comparison
The maximum IXUA.DE drawdown since its inception was -16.58%, smaller than the maximum UETW.DE drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for IXUA.DE and UETW.DE.
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Drawdown Indicators
| IXUA.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.58% | -33.72% | +17.14% |
Max Drawdown (1Y)Largest decline over 1 year | -8.53% | -6.47% | -2.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.30% | — |
Current DrawdownCurrent decline from peak | -0.74% | -0.30% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -4.63% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 1.63% | +0.57% |
Volatility
IXUA.DE vs. UETW.DE - Volatility Comparison
iShares MSCI World ex-USA UCITS ETF USD Acc (IXUA.DE) has a higher volatility of 3.28% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.60%. This indicates that IXUA.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
| IXUA.DE | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 2.60% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 7.63% | +2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.21% | 10.97% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.74% | 14.03% | +0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.74% | 16.11% | -1.37% |
IXUA.DE vs. UETW.DE - Expense Ratio Comparison
IXUA.DE has a 0.15% expense ratio, which is higher than UETW.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IXUA.DE vs. UETW.DE - Dividend Comparison
Neither IXUA.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
IXUA.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 0.15% for IXUA.DE.
IXUA.DE tracks MSCI World ex USA, while UETW.DE tracks MSCI World. They also come from different issuers: iShares and UBS. Their fees differ too: 0.15% for IXUA.DE and 0.10% for UETW.DE.
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