MVEW.DE vs. UETW.DE
MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - MVEW.DE tracks the MSCI ACWI NR USD while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, MVEW.DE returned 6.24%/yr vs 12.27%/yr for UETW.DE. A 0.74 correlation means they provide meaningful diversification when combined. MVEW.DE charges 0.30%/yr vs 0.10%/yr for UETW.DE.
Performance
MVEW.DE vs. UETW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MVEW.DE achieves a 2.03% return, which is significantly lower than UETW.DE's 11.10% return.
MVEW.DE
- 1D
- -0.28%
- 1M
- 0.71%
- YTD
- 2.03%
- 6M
- 2.62%
- 1Y
- 4.44%
- 3Y*
- 7.47%
- 5Y*
- 6.24%
- 10Y*
- —
UETW.DE
- 1D
- -0.57%
- 1M
- 0.81%
- YTD
- 11.10%
- 6M
- 11.19%
- 1Y
- 24.89%
- 3Y*
- 18.08%
- 5Y*
- 12.27%
- 10Y*
- —
MVEW.DE vs. UETW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 2.03% | -1.00% | 17.31% | 6.25% | -5.88% | 26.06% | 1.72% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 11.10% | 8.05% | 26.48% | 19.71% | -13.72% | 32.19% | 22.07% |
Correlation
The correlation between MVEW.DE and UETW.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 23, 2020 | 0.74 |
Over the past year, the correlation between MVEW.DE and UETW.DE has dropped to 0.38 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
MVEW.DE vs. UETW.DE — Risk / Return Rank
MVEW.DE
UETW.DE
MVEW.DE vs. UETW.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 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.
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.
| MVEW.DE | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.41 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 3.72 | -2.76 |
| Martin ratioReturn relative to average drawdown | 2.36 | 14.55 | -12.19 |
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Drawdowns
MVEW.DE vs. UETW.DE - Drawdown Comparison
The maximum MVEW.DE drawdown since its inception was -13.09%, smaller than the maximum UETW.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for MVEW.DE and UETW.DE.
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Drawdown Indicators
| MVEW.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.09% | -33.74% | +20.65% |
Max Drawdown (1Y)Largest decline over 1 year | -4.63% | -6.67% | +2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -13.09% | -21.32% | +8.23% |
Max Drawdown (5Y)Largest decline over 5 years | -13.09% | -21.32% | +8.23% |
Current DrawdownCurrent decline from peak | -4.86% | -0.69% | -4.17% |
Average DrawdownAverage peak-to-trough decline | -3.82% | -5.01% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.71% | +0.17% |
Volatility
MVEW.DE vs. UETW.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) is 1.94%, while UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) has a volatility of 2.95%. This indicates that MVEW.DE experiences smaller price fluctuations and is considered to be less risky 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
| MVEW.DE | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.94% | 2.95% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 5.70% | 7.98% | -2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.18% | 11.18% | -3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.33% | 14.06% | -3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.88% | 16.60% | -5.72% |
MVEW.DE vs. UETW.DE - Expense Ratio Comparison
MVEW.DE has a 0.30% expense ratio, which is higher than UETW.DE's 0.10% expense ratio.
Dividends
MVEW.DE vs. UETW.DE - Dividend Comparison
Neither MVEW.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
MVEW.DE and UETW.DE have a correlation of 0.38, 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 0.30% for MVEW.DE.
MVEW.DE tracks MSCI ACWI NR USD, while UETW.DE tracks MSCI World. They also come from different issuers: iShares and UBS. Their fees differ too: 0.30% for MVEW.DE and 0.10% for UETW.DE.
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