UBU7.DE vs. VWCE.DE

Last updated Jun 5, 2026

UBU7.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Dist) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both Global Equities funds - UBU7.DE tracks the MSCI World while VWCE.DE tracks the FTSE All-World Index. Both are passively managed. Over the past 5 years, UBU7.DE returned 12.72%/yr vs 12.28%/yr for VWCE.DE. With a 0.99 correlation, they move nearly in lockstep. UBU7.DE charges 0.10%/yr vs 0.19%/yr for VWCE.DE.

Performance

UBU7.DE vs. VWCE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) MSCI World UCITS ETF (USD) Dist (UBU7.DE) and Vanguard FTSE All-World UCITS ETF (VWCE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UBU7.DE achieves a 10.81% return, which is significantly lower than VWCE.DE's 12.64% return.

UBU7.DE

• 1D: -0.02%
• 1M: 3.69%
• YTD: 10.81%
• 6M: 10.88%
• 1Y: 23.66%
• 3Y*: 17.49%
• 5Y*: 12.72%
• 10Y*: 12.53%

VWCE.DE

• 1D: -0.21%
• 1M: 3.63%
• YTD: 12.64%
• 6M: 12.84%
• 1Y: 26.31%
• 3Y*: 17.85%
• 5Y*: 12.28%
• 10Y*: —

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

UBU7.DE vs. VWCE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UBU7.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Dist	10.81%	7.95%	25.92%	19.97%	-13.95%	32.24%	5.15%	7.38%
VWCE.DE Vanguard FTSE All-World UCITS ETF	12.64%	9.16%	24.41%	18.18%	-13.47%	28.62%	5.36%	8.01%

Correlation

The correlation between UBU7.DE and VWCE.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019	0.99

The correlation between UBU7.DE and VWCE.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

UBU7.DE vs. VWCE.DE — Risk / Return Rank

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

UBU7.DE

UBU7.DE Risk / Return Rank: 69
UBU7.DE Sharpe Ratio Rank: 66
UBU7.DE Sortino Ratio Rank: 65
UBU7.DE Omega Ratio Rank: 68
UBU7.DE Calmar Ratio Rank: 72
UBU7.DE Martin Ratio Rank: 76

VWCE.DE

VWCE.DE Risk / Return Rank: 76
VWCE.DE Sharpe Ratio Rank: 72
VWCE.DE Sortino Ratio Rank: 73
VWCE.DE Omega Ratio Rank: 74
VWCE.DE Calmar Ratio Rank: 79
VWCE.DE Martin Ratio Rank: 83

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.

UBU7.DE vs. VWCE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI World UCITS ETF (USD) Dist (UBU7.DE) and Vanguard FTSE All-World UCITS ETF (VWCE.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.

	UBU7.DE	VWCE.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.31	-0.17
Sortino ratio: Return per unit of downside risk	2.98	3.24	-0.26
Omega ratio: Gain probability vs. loss probability	1.40	1.43	-0.03
Calmar ratio: Return relative to maximum drawdown	3.58	4.01	-0.44
Martin ratio: Return relative to average drawdown	14.23	16.55	-2.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UBU7.DE vs. VWCE.DE - Sharpe Ratio Comparison

The current UBU7.DE Sharpe Ratio is 2.14, which is comparable to the VWCE.DE Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of UBU7.DE and VWCE.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

	UBU7.DE	VWCE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.14	2.31	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.89	0.88	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.79	+0.04

Drawdowns

UBU7.DE vs. VWCE.DE - Drawdown Comparison

The maximum UBU7.DE drawdown since its inception was -33.84%, roughly equal to the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for UBU7.DE and VWCE.DE.

Drawdown Indicators

	UBU7.DE	VWCE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.84%	-33.43%	-0.41%
Max Drawdown (1Y) Largest decline over 1 year	-6.61%	-6.55%	-0.06%
Max Drawdown (3Y) Largest decline over 3 years	-21.69%	-21.07%	-0.62%
Max Drawdown (5Y) Largest decline over 5 years	-21.69%	-21.07%	-0.62%
Max Drawdown (10Y) Largest decline over 10 years	-33.84%	—	—
Current Drawdown Current decline from peak	-0.31%	-0.66%	+0.35%
Average Drawdown Average peak-to-trough decline	-4.24%	-4.69%	+0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	1.59%	+0.07%

Volatility

UBU7.DE vs. VWCE.DE - Volatility Comparison

The current volatility for UBS ETF (IE) MSCI World UCITS ETF (USD) Dist (UBU7.DE) is 2.57%, while Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a volatility of 3.06%. This indicates that UBU7.DE experiences smaller price fluctuations and is considered to be less risky than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UBU7.DE	VWCE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.57%	3.06%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	7.61%	8.18%	-0.57%
Volatility (1Y) Calculated over the trailing 1-year period	11.04%	11.37%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.11%	13.75%	+0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.11%	16.16%	-1.05%

UBU7.DE vs. VWCE.DE - Expense Ratio Comparison

UBU7.DE has a 0.10% expense ratio, which is lower than VWCE.DE's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

UBU7.DE vs. VWCE.DE - Dividend Comparison

UBU7.DE's dividend yield for the trailing twelve months is around 1.13%, while VWCE.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UBU7.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Dist	1.13%	1.43%	1.22%	1.31%	1.52%	0.90%	1.28%	1.54%	1.43%	1.58%	2.00%	1.62%
VWCE.DE Vanguard FTSE All-World UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UBU7.DE and VWCE.DE in my portfolio?

With a correlation of 0.99, UBU7.DE and VWCE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, UBU7.DE or VWCE.DE?

On fees, UBU7.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UBU7.DE or VWCE.DE?

UBU7.DE is cheaper with a 0.10% expense ratio, compared with 0.19% for VWCE.DE.

What is the main difference between UBU7.DE and VWCE.DE?

UBU7.DE tracks MSCI World, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: UBS and Vanguard. Their fees differ too: 0.10% for UBU7.DE and 0.19% for VWCE.DE.