LOWD.DE vs. UETW.DE

Last updated Jun 5, 2026

LOWD.DE (BNP Paribas Easy Low Carbon 300 World PAB UCITS ETF Acc) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - LOWD.DE tracks the Low Carbon 300 World PAB while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 3 years, LOWD.DE returned 16.41%/yr vs 17.68%/yr for UETW.DE. Their correlation of 0.89 suggests significant overlap in exposure. LOWD.DE charges 0.30%/yr vs 0.10%/yr for UETW.DE.

Performance

LOWD.DE vs. UETW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy Low Carbon 300 World PAB UCITS ETF Acc (LOWD.DE) and UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with LOWD.DE having a 10.58% return and UETW.DE slightly higher at 10.95%.

LOWD.DE

• 1D: 0.72%
• 1M: 8.55%
• YTD: 10.58%
• 6M: 11.62%
• 1Y: 16.33%
• 3Y*: 16.41%
• 5Y*: —
• 10Y*: —

UETW.DE

• 1D: -0.01%
• 1M: 4.88%
• YTD: 10.95%
• 6M: 11.42%
• 1Y: 23.88%
• 3Y*: 17.68%
• 5Y*: 12.87%
• 10Y*: —

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

LOWD.DE vs. UETW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LOWD.DE BNP Paribas Easy Low Carbon 300 World PAB UCITS ETF Acc	10.58%	4.27%	25.87%	26.12%	-10.62%	17.09%
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc	10.95%	8.06%	26.50%	19.68%	-13.72%	13.21%

Correlation

The correlation between LOWD.DE 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 (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021	0.89

The correlation between LOWD.DE and UETW.DE has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

Return for Risk

LOWD.DE vs. UETW.DE — Risk / Return Rank

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

LOWD.DE

LOWD.DE Risk / Return Rank: 40
LOWD.DE Sharpe Ratio Rank: 38
LOWD.DE Sortino Ratio Rank: 40
LOWD.DE Omega Ratio Rank: 37
LOWD.DE Calmar Ratio Rank: 43
LOWD.DE Martin Ratio Rank: 42

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.

LOWD.DE vs. UETW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy Low Carbon 300 World PAB UCITS ETF Acc (LOWD.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.

	LOWD.DE	UETW.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.33	2.17	-0.84
Sortino ratio: Return per unit of downside risk	2.01	3.02	-1.02
Omega ratio: Gain probability vs. loss probability	1.24	1.40	-0.16
Calmar ratio: Return relative to maximum drawdown	2.06	3.67	-1.61
Martin ratio: Return relative to average drawdown	6.55	14.61	-8.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LOWD.DE vs. UETW.DE - Sharpe Ratio Comparison

The current LOWD.DE Sharpe Ratio is 1.33, which is lower than the UETW.DE Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of LOWD.DE and UETW.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LOWD.DE	UETW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	2.17	-0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.85	+0.14

Drawdowns

LOWD.DE vs. UETW.DE - Drawdown Comparison

The maximum LOWD.DE drawdown since its inception was -19.08%, smaller than the maximum UETW.DE drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for LOWD.DE and UETW.DE.

Drawdown Indicators

	LOWD.DE	UETW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-19.08%	-33.72%	+14.64%
Max Drawdown (1Y) Largest decline over 1 year	-7.90%	-6.47%	-1.43%
Max Drawdown (3Y) Largest decline over 3 years	-19.08%	-21.30%	+2.22%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.30%	—
Current Drawdown Current decline from peak	0.00%	-0.30%	+0.30%
Average Drawdown Average peak-to-trough decline	-3.98%	-4.63%	+0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.49%	1.63%	+0.86%

Volatility

LOWD.DE vs. UETW.DE - Volatility Comparison

BNP Paribas Easy Low Carbon 300 World PAB UCITS ETF Acc (LOWD.DE) has a higher volatility of 4.29% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.60%. This indicates that LOWD.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.

Volatility by Period

	LOWD.DE	UETW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	2.60%	+1.69%
Volatility (6M) Calculated over the trailing 6-month period	9.56%	7.63%	+1.93%
Volatility (1Y) Calculated over the trailing 1-year period	12.24%	10.97%	+1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.21%	14.03%	+0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.21%	16.11%	-1.90%

LOWD.DE vs. UETW.DE - Expense Ratio Comparison

LOWD.DE has a 0.30% expense ratio, which is higher than UETW.DE's 0.10% expense ratio.

Dividends

LOWD.DE vs. UETW.DE - Dividend Comparison

Neither LOWD.DE nor UETW.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

LOWD.DE 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, LOWD.DE 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, LOWD.DE or UETW.DE?

UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for LOWD.DE.

What is the main difference between LOWD.DE and UETW.DE?

LOWD.DE tracks Low Carbon 300 World PAB, while UETW.DE tracks MSCI World. They also come from different issuers: BNP Paribas and UBS. Their fees differ too: 0.30% for LOWD.DE and 0.10% for UETW.DE.