LCWD.L vs. UETW.DE

Last updated Jun 5, 2026

LCWD.L (Lyxor Core MSCI World (DR) UCITS ETF) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - LCWD.L tracks the MSCI ACWI NR USD while UETW.DE tracks the MSCI World. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. LCWD.L charges 0.12%/yr vs 0.10%/yr for UETW.DE.

Performance

LCWD.L vs. UETW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lyxor Core MSCI World (DR) UCITS ETF (LCWD.L) and UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LCWD.L is traded in USD, while UETW.DE is traded in EUR. To make them comparable, the UETW.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

LCWD.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UETW.DE

• 1D: 0.11%
• 1M: 4.16%
• YTD: 9.67%
• 6M: 11.11%
• 1Y: 26.01%
• 3Y*: 20.89%
• 5Y*: 11.82%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LCWD.L vs. UETW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LCWD.L Lyxor Core MSCI World (DR) UCITS ETF	0.00%	4.01%	19.12%	24.28%	-18.85%	22.86%	15.93%	10.60%
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc	9.67%	21.99%	19.27%	23.47%	-18.47%	21.74%	15.81%	11.28%

Correlation

The correlation between LCWD.L and UETW.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jun 12, 2019	0.82

The correlation between LCWD.L and UETW.DE shifts across timeframes, from 0.62 (3 years) to 0.82 (all time), reflecting how their relationship changes across market environments.

Return for Risk

LCWD.L vs. UETW.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UETW.DE

UETW.DE Risk / Return Rank: 71
UETW.DE Sharpe Ratio Rank: 66
UETW.DE Sortino Ratio Rank: 67
UETW.DE Omega Ratio Rank: 69
UETW.DE Calmar Ratio Rank: 74
UETW.DE Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LCWD.L vs. UETW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor Core MSCI World (DR) UCITS ETF (LCWD.L) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	LCWD.L	UETW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.23	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.82	—

Drawdowns

Drawdown Indicators

	LCWD.L	UETW.DE	Difference
Max Drawdown Largest peak-to-trough decline	—	-34.19%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.41%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.65%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.93%	—
Current Drawdown Current decline from peak	—	-0.46%	—
Average Drawdown Average peak-to-trough decline	—	-5.28%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.96%	—

Volatility

Volatility by Period

	LCWD.L	UETW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.61%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.40%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.18%	—

LCWD.L vs. UETW.DE - Expense Ratio Comparison

LCWD.L has a 0.12% 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

LCWD.L vs. UETW.DE - Dividend Comparison

Neither LCWD.L nor UETW.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both LCWD.L and UETW.DE in my portfolio?

LCWD.L and UETW.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LCWD.L or UETW.DE?

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.

Which ETF is cheaper, LCWD.L or UETW.DE?

UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for LCWD.L.

What is the main difference between LCWD.L and UETW.DE?

LCWD.L tracks MSCI ACWI NR USD, while UETW.DE tracks MSCI World. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.12% for LCWD.L and 0.10% for UETW.DE.