TSWE.DE vs. UEEH.DE
TSWE.DE (VanEck Sustainable World Equal Weight UCITS ETF A) and UEEH.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist) are both Global Equities funds - TSWE.DE tracks the Solactive Sustainable World Equity while UEEH.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, TSWE.DE returned 11.66%/yr vs 5.98%/yr for UEEH.DE. A 0.64 correlation means they provide meaningful diversification when combined. TSWE.DE charges 0.20%/yr vs 0.30%/yr for UEEH.DE.
Performance
TSWE.DE vs. UEEH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, TSWE.DE achieves a 13.30% return, which is significantly higher than UEEH.DE's 1.54% return.
TSWE.DE
- 1D
- -0.01%
- 1M
- 4.64%
- YTD
- 13.30%
- 6M
- 14.99%
- 1Y
- 25.60%
- 3Y*
- 17.12%
- 5Y*
- 11.66%
- 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*
- —
TSWE.DE vs. UEEH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TSWE.DE VanEck Sustainable World Equal Weight UCITS ETF A | 13.30% | 13.87% | 16.42% | 16.27% | -13.06% | 29.28% | 12.20% |
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 TSWE.DE and UEEH.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2020 | 0.64 |
Over the past year, the correlation between TSWE.DE and UEEH.DE has dropped to 0.33 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
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Return for Risk
TSWE.DE vs. UEEH.DE — Risk / Return Rank
TSWE.DE
UEEH.DE
TSWE.DE vs. UEEH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Sustainable World Equal Weight UCITS ETF A (TSWE.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.
| TSWE.DE | UEEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +2.88 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.00 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | -0.10 | +3.30 |
| Martin ratioReturn relative to average drawdown | 12.60 | -0.22 | +12.82 |
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
| TSWE.DE | UEEH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | -0.07 | +2.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.59 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.65 | +0.17 |
Drawdowns
TSWE.DE vs. UEEH.DE - Drawdown Comparison
The maximum TSWE.DE drawdown since its inception was -33.61%, 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 TSWE.DE and UEEH.DE.
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Drawdown Indicators
| TSWE.DE | UEEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.61% | -12.82% | -20.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.03% | -5.49% | -2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -19.69% | -12.82% | -6.87% |
Max Drawdown (5Y)Largest decline over 5 years | -19.69% | -12.82% | -6.87% |
Current DrawdownCurrent decline from peak | -0.11% | -6.93% | +6.82% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -4.41% | -0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 2.52% | -0.48% |
Volatility
TSWE.DE vs. UEEH.DE - Volatility Comparison
VanEck Sustainable World Equal Weight UCITS ETF A (TSWE.DE) has a higher volatility of 3.04% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.DE) at 2.62%. This indicates that TSWE.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.
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Volatility by Period
| TSWE.DE | UEEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 2.62% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.89% | 5.56% | +4.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.95% | 7.88% | +5.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.69% | 10.11% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.89% | 10.26% | +5.63% |
TSWE.DE vs. UEEH.DE - Expense Ratio Comparison
TSWE.DE has a 0.20% expense ratio, which is lower than UEEH.DE's 0.30% expense ratio.
Dividends
TSWE.DE vs. UEEH.DE - Dividend Comparison
TSWE.DE's dividend yield for the trailing twelve months is around 1.83%, more than UEEH.DE's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TSWE.DE VanEck Sustainable World Equal Weight UCITS ETF A | 1.83% | 1.94% | 2.19% | 2.22% | 2.37% | 1.63% | 1.87% | 2.32% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.45% | 1.49% | 1.59% | 1.76% | 1.70% | 1.37% | 0.00% | 0.00% |
Frequently Asked Questions
TSWE.DE and UEEH.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSWE.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSWE.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for UEEH.DE.
TSWE.DE tracks Solactive Sustainable World Equity, while UEEH.DE tracks MSCI World Minimum Volatility. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.20% for TSWE.DE and 0.30% for UEEH.DE.
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