SNAW.DE vs. UEEH.DE

Last updated Jun 5, 2026

SNAW.DE (iShares MSCI World ESG Screened UCITS ETF USD (Acc)) and UEEH.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist) are both Global Equities funds from iShares - SNAW.DE tracks the MSCI World ESG Screened while UEEH.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, SNAW.DE returned 13.25%/yr vs 5.98%/yr for UEEH.DE. A 0.66 correlation means they provide meaningful diversification when combined. SNAW.DE charges 0.20%/yr vs 0.30%/yr for UEEH.DE.

Performance

SNAW.DE vs. UEEH.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI World ESG Screened UCITS ETF USD (Acc) (SNAW.DE) and iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SNAW.DE achieves a 10.75% return, which is significantly higher than UEEH.DE's 1.54% return.

SNAW.DE

• 1D: 0.02%
• 1M: 3.93%
• YTD: 10.75%
• 6M: 10.75%
• 1Y: 24.24%
• 3Y*: 18.23%
• 5Y*: 13.25%
• 10Y*: —

UEEH.DE

• 1D: -0.04%
• 1M: 1.86%
• YTD: 1.54%
• 6M: 1.53%
• 1Y: 0.02%
• 3Y*: 6.19%
• 5Y*: 5.98%
• 10Y*: —

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

SNAW.DE vs. UEEH.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SNAW.DE iShares MSCI World ESG Screened UCITS ETF USD (Acc)	10.75%	7.91%	27.45%	22.43%	-15.24%	33.21%	8.72%
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist	1.54%	-1.55%	17.56%	3.56%	-4.40%	23.98%	0.94%

Correlation

The correlation between SNAW.DE and UEEH.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (All Time) Calculated using the full available price history since Aug 24, 2020	0.66

Over the past year, the correlation between SNAW.DE and UEEH.DE has dropped to 0.31 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.

Return for Risk

SNAW.DE vs. UEEH.DE — Risk / Return Rank

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

SNAW.DE

SNAW.DE Risk / Return Rank: 64
SNAW.DE Sharpe Ratio Rank: 63
SNAW.DE Sortino Ratio Rank: 63
SNAW.DE Omega Ratio Rank: 64
SNAW.DE Calmar Ratio Rank: 65
SNAW.DE Martin Ratio Rank: 68

UEEH.DE

UEEH.DE Risk / Return Rank: 8
UEEH.DE Sharpe Ratio Rank: 8
UEEH.DE Sortino Ratio Rank: 8
UEEH.DE Omega Ratio Rank: 8
UEEH.DE Calmar Ratio Rank: 8
UEEH.DE Martin Ratio Rank: 8

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.

SNAW.DE vs. UEEH.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ESG Screened UCITS ETF USD (Acc) (SNAW.DE) and iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.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.

	SNAW.DE	UEEH.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.05	-0.07	+2.12
Sortino ratio: Return per unit of downside risk	2.88	-0.04	+2.92
Omega ratio: Gain probability vs. loss probability	1.38	1.00	+0.39
Calmar ratio: Return relative to maximum drawdown	3.15	-0.10	+3.25
Martin ratio: Return relative to average drawdown	12.49	-0.22	+12.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SNAW.DE vs. UEEH.DE - Sharpe Ratio Comparison

The current SNAW.DE Sharpe Ratio is 2.05, which is higher than the UEEH.DE Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of SNAW.DE and UEEH.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

	SNAW.DE	UEEH.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	-0.07	+2.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.59	+0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.65	+0.05

Drawdowns

SNAW.DE vs. UEEH.DE - Drawdown Comparison

The maximum SNAW.DE drawdown since its inception was -33.26%, which is greater than UEEH.DE's maximum drawdown of -12.82%. Use the drawdown chart below to compare losses from any high point for SNAW.DE and UEEH.DE.

Drawdown Indicators

	SNAW.DE	UEEH.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.26%	-12.82%	-20.44%
Max Drawdown (1Y) Largest decline over 1 year	-7.69%	-5.49%	-2.20%
Max Drawdown (3Y) Largest decline over 3 years	-22.37%	-12.82%	-9.55%
Max Drawdown (5Y) Largest decline over 5 years	-22.37%	-12.82%	-9.55%
Current Drawdown Current decline from peak	-0.36%	-6.93%	+6.57%
Average Drawdown Average peak-to-trough decline	-5.44%	-4.41%	-1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	2.52%	-0.57%

Volatility

SNAW.DE vs. UEEH.DE - Volatility Comparison

iShares MSCI World ESG Screened UCITS ETF USD (Acc) (SNAW.DE) has a higher volatility of 2.85% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.DE) at 2.62%. This indicates that SNAW.DE's price experiences larger fluctuations and is considered to be riskier than UEEH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SNAW.DE	UEEH.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.85%	2.62%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	8.34%	5.56%	+2.78%
Volatility (1Y) Calculated over the trailing 1-year period	11.81%	7.88%	+3.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.57%	10.11%	+4.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.16%	10.26%	+6.90%

SNAW.DE vs. UEEH.DE - Expense Ratio Comparison

SNAW.DE has a 0.20% expense ratio, which is lower than UEEH.DE's 0.30% expense ratio.

Dividends

SNAW.DE vs. UEEH.DE - Dividend Comparison

SNAW.DE has not paid dividends to shareholders, while UEEH.DE's dividend yield for the trailing twelve months is around 1.45%.

Position	TTM	2025	2024	2023	2022	2021
SNAW.DE iShares MSCI World ESG Screened UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist	1.45%	1.49%	1.59%	1.76%	1.70%	1.37%

Frequently Asked Questions

Can I hold both SNAW.DE and UEEH.DE in my portfolio?

SNAW.DE and UEEH.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SNAW.DE or UEEH.DE?

On fees, SNAW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SNAW.DE or UEEH.DE?

SNAW.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for UEEH.DE.

What is the main difference between SNAW.DE and UEEH.DE?

SNAW.DE tracks MSCI World ESG Screened, while UEEH.DE tracks MSCI World Minimum Volatility. Their fees differ too: 0.20% for SNAW.DE and 0.30% for UEEH.DE.