TSWE.AS vs. LIRAX

Last updated Jun 26, 2026

TSWE.AS (VanEck Sustainable World Equal Weight UCITS ETF) and LIRAX (BlackRock LifePath Index Retirement Fund Investor A Shares) are both funds - TSWE.AS is a Global Equities fund tracking the MSCI ACWI NR USD, while LIRAX is a Target Retirement Date fund managed by BlackRock. Over the past 10 years, TSWE.AS returned 15.94%/yr vs 5.49%/yr for LIRAX. A 0.51 correlation means they provide meaningful diversification when combined. TSWE.AS charges 0.20%/yr vs 0.44%/yr for LIRAX.

Performance

TSWE.AS vs. LIRAX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) and BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TSWE.AS is traded in EUR, while LIRAX is traded in USD. To make them comparable, the LIRAX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, TSWE.AS achieves a 16.96% return, which is significantly higher than LIRAX's 8.28% return. Over the past 10 years, TSWE.AS has outperformed LIRAX with an annualized return of 15.94%, while LIRAX has yielded a comparatively lower 5.49% annualized return.

TSWE.AS

• 1D: 0.87%
• 1M: 3.99%
• YTD: 16.96%
• 6M: 17.43%
• 1Y: 30.73%
• 3Y*: 18.47%
• 5Y*: 11.57%
• 10Y*: 15.94%

LIRAX

• 1D: 0.47%
• 1M: 2.00%
• YTD: 8.28%
• 6M: 8.11%
• 1Y: 14.61%
• 3Y*: 7.92%
• 5Y*: 4.60%
• 10Y*: 5.49%

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

TSWE.AS vs. LIRAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TSWE.AS VanEck Sustainable World Equal Weight UCITS ETF	16.96%	13.10%	16.86%	16.01%	-13.44%	32.44%	11.32%	34.59%	0.23%	14.40%
LIRAX BlackRock LifePath Index Retirement Fund Investor A Shares	8.28%	-1.21%	12.83%	7.89%	-10.25%	14.38%	1.89%	18.21%	0.73%	-3.14%

Correlation

The correlation between TSWE.AS and LIRAX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since May 3, 2013	0.51

The correlation between TSWE.AS and LIRAX shifts across timeframes, from 0.43 (5 years) to 0.55 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TSWE.AS vs. LIRAX — Risk / Return Rank

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

TSWE.AS

TSWE.AS Risk / Return Rank: 84
TSWE.AS Sharpe Ratio Rank: 83
TSWE.AS Sortino Ratio Rank: 87
TSWE.AS Omega Ratio Rank: 83
TSWE.AS Calmar Ratio Rank: 82
TSWE.AS Martin Ratio Rank: 84

LIRAX

LIRAX Risk / Return Rank: 68
LIRAX Sharpe Ratio Rank: 65
LIRAX Sortino Ratio Rank: 66
LIRAX Omega Ratio Rank: 68
LIRAX Calmar Ratio Rank: 67
LIRAX Martin Ratio Rank: 75

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.

TSWE.AS vs. LIRAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) and BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX). 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.

	TSWE.AS	LIRAX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	2.20	+0.13
Sortino ratio: Return per unit of downside risk	3.39	3.03	+0.37
Omega ratio: Gain probability vs. loss probability	1.43	1.44	-0.01
Calmar ratio: Return relative to maximum drawdown	3.80	4.70	-0.90
Martin ratio: Return relative to average drawdown	15.09	15.95	-0.86

TSWE.AS vs. LIRAX - Sharpe Ratio Comparison

The current TSWE.AS Sharpe Ratio is 2.33, which is comparable to the LIRAX Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of TSWE.AS and LIRAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TSWE.AS vs. LIRAX - Drawdown Comparison

The maximum TSWE.AS drawdown since its inception was -75.58%, which is greater than LIRAX's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for TSWE.AS and LIRAX.

Drawdown Indicators

	TSWE.AS	LIRAX	Difference
Max Drawdown Largest peak-to-trough decline	-75.58%	-16.45%	-59.13%
Max Drawdown (1Y) Largest decline over 1 year	-7.97%	-3.01%	-4.96%
Max Drawdown (3Y) Largest decline over 3 years	-19.53%	-13.86%	-5.67%
Max Drawdown (5Y) Largest decline over 5 years	-19.53%	-13.86%	-5.67%
Max Drawdown (10Y) Largest decline over 10 years	-32.93%	-16.45%	-16.48%
Current Drawdown Current decline from peak	-0.72%	0.00%	-0.72%
Average Drawdown Average peak-to-trough decline	-36.13%	-3.62%	-32.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	0.89%	+1.13%

Volatility

TSWE.AS vs. LIRAX - Volatility Comparison

VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) has a higher volatility of 3.97% compared to BlackRock LifePath Index Retirement Fund Investor A Shares (LIRAX) at 1.76%. This indicates that TSWE.AS's price experiences larger fluctuations and is considered to be riskier than LIRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSWE.AS	LIRAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	1.76%	+2.21%
Volatility (6M) Calculated over the trailing 6-month period	10.51%	4.80%	+5.71%
Volatility (1Y) Calculated over the trailing 1-year period	13.05%	6.46%	+6.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.74%	8.27%	+5.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.02%	8.77%	+6.25%

TSWE.AS vs. LIRAX - Expense Ratio Comparison

TSWE.AS has a 0.20% expense ratio, which is lower than LIRAX's 0.44% expense ratio.

Dividends

TSWE.AS vs. LIRAX - Dividend Comparison

TSWE.AS's dividend yield for the trailing twelve months is around 1.77%, less than LIRAX's 3.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LIRAX BlackRock LifePath Index Retirement Fund Investor A Shares	3.38%	3.53%	1.82%	2.37%	2.42%	2.42%	1.70%	2.22%	2.18%	1.99%	2.23%	2.67%
TSWE.AS VanEck Sustainable World Equal Weight UCITS ETF	1.77%	1.94%	1.89%	1.92%	2.05%	3.60%	6.51%	8.08%	8.48%	7.21%	6.39%	6.44%

Frequently Asked Questions

Can I hold both TSWE.AS and LIRAX in my portfolio?

TSWE.AS and LIRAX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.