MVEW.DE vs. AW14.DE
MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) and AW14.DE (UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc) are both Global Equities funds - MVEW.DE tracks the MSCI ACWI NR USD while AW14.DE tracks the MSCI ACWI Climate Paris Aligned. Both are passively managed. Over the past 3 years, MVEW.DE returned 6.53%/yr vs 15.68%/yr for AW14.DE. A 0.67 correlation means they provide meaningful diversification when combined. MVEW.DE charges 0.30%/yr vs 0.18%/yr for AW14.DE.
Performance
MVEW.DE vs. AW14.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MVEW.DE achieves a 1.17% return, which is significantly lower than AW14.DE's 9.78% return.
MVEW.DE
- 1D
- 0.07%
- 1M
- 2.04%
- YTD
- 1.17%
- 6M
- 1.03%
- 1Y
- 0.94%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
AW14.DE
- 1D
- 0.15%
- 1M
- 3.26%
- YTD
- 9.78%
- 6M
- 9.52%
- 1Y
- 21.86%
- 3Y*
- 15.68%
- 5Y*
- —
- 10Y*
- —
MVEW.DE vs. AW14.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 6.27% | -5.98% | 8.45% |
AW14.DE UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc | 9.78% | 6.83% | 23.93% | 18.70% | -16.33% | 8.05% |
Correlation
The correlation between MVEW.DE and AW14.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2021 | 0.67 |
Over the past year, the correlation between MVEW.DE and AW14.DE has dropped to 0.39 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
MVEW.DE vs. AW14.DE — Risk / Return Rank
MVEW.DE
AW14.DE
MVEW.DE vs. AW14.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) and UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc (AW14.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.
| MVEW.DE | AW14.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.35 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 2.69 | -2.59 |
| Martin ratioReturn relative to average drawdown | 0.20 | 10.31 | -10.11 |
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
| MVEW.DE | AW14.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 1.86 | -1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.66 | -0.03 |
Drawdowns
MVEW.DE vs. AW14.DE - Drawdown Comparison
The maximum MVEW.DE drawdown since its inception was -13.19%, smaller than the maximum AW14.DE drawdown of -21.21%. Use the drawdown chart below to compare losses from any high point for MVEW.DE and AW14.DE.
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Drawdown Indicators
| MVEW.DE | AW14.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.19% | -21.21% | +8.02% |
Max Drawdown (1Y)Largest decline over 1 year | -4.68% | -8.23% | +3.55% |
Max Drawdown (3Y)Largest decline over 3 years | -13.19% | -21.21% | +8.02% |
Max Drawdown (5Y)Largest decline over 5 years | -13.19% | — | — |
Current DrawdownCurrent decline from peak | -5.75% | -0.48% | -5.27% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -5.50% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.15% | +0.12% |
Volatility
MVEW.DE vs. AW14.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) is 2.58%, while UBS ETF (IE) MSCI ACWI Climate Paris Aligned UCITS ETF (USD) Acc (AW14.DE) has a volatility of 3.25%. This indicates that MVEW.DE experiences smaller price fluctuations and is considered to be less risky than AW14.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MVEW.DE | AW14.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.58% | 3.25% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 5.42% | 8.42% | -3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.97% | 11.90% | -3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.25% | 14.39% | -4.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.82% | 14.39% | -3.57% |
MVEW.DE vs. AW14.DE - Expense Ratio Comparison
MVEW.DE has a 0.30% expense ratio, which is higher than AW14.DE's 0.18% expense ratio.
Dividends
MVEW.DE vs. AW14.DE - Dividend Comparison
Neither MVEW.DE nor AW14.DE has paid dividends to shareholders.
Frequently Asked Questions
MVEW.DE and AW14.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AW14.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AW14.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for MVEW.DE.
MVEW.DE tracks MSCI ACWI NR USD, while AW14.DE tracks MSCI ACWI Climate Paris Aligned. They also come from different issuers: iShares and UBS. Their fees differ too: 0.30% for MVEW.DE and 0.18% for AW14.DE.
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