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TSWE.AS vs. WPAD.AS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TSWE.AS vs. WPAD.AS

Last updated Jun 4, 2026

TSWE.AS (VanEck Sustainable World Equal Weight UCITS ETF) and WPAD.AS (iShares MSCI World Paris-Aligned Climate UCITS ETF) are both Global Equities funds tracking the MSCI ACWI NR USD, from VanEck and iShares respectively. Both are passively managed. Over the past 5 years, TSWE.AS returned 11.64%/yr vs 11.87%/yr for WPAD.AS. A 0.52 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.

Performance

TSWE.AS vs. WPAD.AS - 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 iShares MSCI World Paris-Aligned Climate UCITS ETF (WPAD.AS). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

TSWE.AS is traded in EUR, while WPAD.AS is traded in USD. To make them comparable, the WPAD.AS 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 13.49% return, which is significantly higher than WPAD.AS's 7.56% return.

TSWE.AS

1D
-0.19%
1M
7.45%
YTD
13.49%
6M
16.16%
1Y
26.33%
3Y*
17.11%
5Y*
11.64%
10Y*
12.01%

WPAD.AS

1D
-0.37%
1M
5.31%
YTD
7.56%
6M
8.59%
1Y
19.57%
3Y*
15.69%
5Y*
11.87%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

TSWE.AS vs. WPAD.AS - Yearly Performance Comparison

2026 (YTD)20252024202320222021
TSWE.AS
VanEck Sustainable World Equal Weight UCITS ETF		13.49%13.10%17.22%16.38%-13.18%16.10%
WPAD.AS
iShares MSCI World Paris-Aligned Climate UCITS ETF		7.56%5.45%26.11%21.09%-17.55%19.50%

Correlation

The correlation between TSWE.AS and WPAD.AS is 0.74, 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

0.74

Correlation (3Y)
Calculated over the trailing 3-year period

0.64

Correlation (5Y)
Calculated over the trailing 5-year period

0.53

Correlation (All Time)
Calculated using the full available price history since Apr 27, 2021

0.52

Over the past year, TSWE.AS and WPAD.AS have become more correlated (0.74) than their long-term average of 0.52, meaning their price movements have been converging.

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VanEck Sustainable World Equal Weight UCITS ETF

iShares MSCI World Paris-Aligned Climate UCITS ETF

Often compared with TSWE.AS:
TSWE.AS vs. VWRL.ASTSWE.AS vs. VTITSWE.AS vs. VFEM.DETSWE.AS vs. MXWS.LTSWE.AS vs. GGRG.LTSWE.AS vs. QQQTSWE.AS vs. VVGM.DE
Often compared with WPAD.AS:
WPAD.AS vs. IWRD.LWPAD.AS vs. IWDA.ASWPAD.AS vs. XLKQ.LWPAD.AS vs. IGSG.ASWPAD.AS vs. VHYL.ASWPAD.AS vs. XUSE.ASWPAD.AS vs. VEVE.AS

Return for Risk

TSWE.AS vs. WPAD.AS — 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: 6464
Overall Rank
TSWE.AS Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
TSWE.AS Sortino Ratio Rank: 6464
Sortino Ratio Rank
TSWE.AS Omega Ratio Rank: 6161
Omega Ratio Rank
TSWE.AS Calmar Ratio Rank: 6565
Calmar Ratio Rank
TSWE.AS Martin Ratio Rank: 6969
Martin Ratio Rank
WPAD.AS
WPAD.AS Risk / Return Rank: 5555
Overall Rank
WPAD.AS Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
WPAD.AS Sortino Ratio Rank: 5959
Sortino Ratio Rank
WPAD.AS Omega Ratio Rank: 5555
Omega Ratio Rank
WPAD.AS Calmar Ratio Rank: 4949
Calmar Ratio Rank
WPAD.AS Martin Ratio Rank: 5555
Martin Ratio Rank
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. WPAD.AS - 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 iShares MSCI World Paris-Aligned Climate UCITS ETF (WPAD.AS). 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.

TSWE.ASWPAD.ASDifference
Sharpe ratioReturn per unit of total volatility
2.04
1.60

+0.44

Sortino ratioReturn per unit of downside risk
3.02
2.27

+0.75

Omega ratioGain probability vs. loss probability

1.38

1.29

+0.08

Calmar ratioReturn relative to maximum drawdown

3.26

2.37

+0.89

Martin ratioReturn relative to average drawdown

12.78

8.17

+4.60

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSWE.AS vs. WPAD.AS - Sharpe Ratio Comparison

The current TSWE.AS Sharpe Ratio is 2.04, which is comparable to the WPAD.AS Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of TSWE.AS and WPAD.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

TSWE.ASWPAD.ASDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.04

1.60

+0.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

1.03

-0.19

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.79

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

0.97

-0.24

Drawdowns

TSWE.AS vs. WPAD.AS - Drawdown Comparison

The maximum TSWE.AS drawdown since its inception was -33.67%, which is greater than WPAD.AS's maximum drawdown of -21.37%. Use the drawdown chart below to compare losses from any high point for TSWE.AS and WPAD.AS.

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Drawdown Indicators

TSWE.ASWPAD.ASDifference

Max Drawdown

Largest peak-to-trough decline

-33.67%

-21.37%

-12.30%

Max Drawdown (1Y)

Largest decline over 1 year

-7.97%

-8.89%

+0.92%

Max Drawdown (3Y)

Largest decline over 3 years

-19.53%

-21.37%

+1.84%

Max Drawdown (5Y)

Largest decline over 5 years

-19.53%

-21.37%

+1.84%

Max Drawdown (10Y)

Largest decline over 10 years

-33.67%

—

—

Current Drawdown

Current decline from peak

-0.19%

-0.37%

+0.18%

Average Drawdown

Average peak-to-trough decline

-4.83%

-5.54%

+0.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.05%

2.53%

-0.48%

Volatility

TSWE.AS vs. WPAD.AS - Volatility Comparison

VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) and iShares MSCI World Paris-Aligned Climate UCITS ETF (WPAD.AS) have volatilities of 3.66% and 3.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TSWE.ASWPAD.ASDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.66%

3.49%

+0.17%

Volatility (6M)

Calculated over the trailing 6-month period

9.92%

9.83%

+0.09%

Volatility (1Y)

Calculated over the trailing 1-year period

12.76%

13.21%

-0.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.65%

19.09%

-5.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.93%

19.08%

-4.15%

TSWE.AS vs. WPAD.AS - Expense Ratio Comparison

Both TSWE.AS and WPAD.AS have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

TSWE.AS vs. WPAD.AS - Dividend Comparison

TSWE.AS's dividend yield for the trailing twelve months is around 2.57%, more than WPAD.AS's 0.98% yield.

PositionTTM20252024202320222021202020192018201720162015
TSWE.AS
VanEck Sustainable World Equal Weight UCITS ETF		2.57%1.94%2.18%2.23%2.38%1.64%1.88%2.34%2.45%2.09%1.85%1.87%
WPAD.AS
iShares MSCI World Paris-Aligned Climate UCITS ETF		0.98%1.05%1.10%1.23%1.48%0.28%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

TSWE.AS and WPAD.AS have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

TSWE.AS and WPAD.AS have the same expense ratio: 0.20% per year.

Both ETFs track MSCI ACWI NR USD. They also come from different issuers: VanEck and iShares.

Portfolio Optimizer

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