UET5.DE vs. UETW.DE

Last updated Jun 5, 2026

UET5.DE (UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both exchange-traded funds - UET5.DE is a Europe Equities fund tracking the EURO STOXX® 50 ESG, while UETW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, UET5.DE returned 13.80%/yr vs 12.87%/yr for UETW.DE. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.

Performance

UET5.DE vs. UETW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist (UET5.DE) and UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UET5.DE achieves a 8.56% return, which is significantly lower than UETW.DE's 10.95% return.

UET5.DE

• 1D: 0.78%
• 1M: 2.28%
• YTD: 8.56%
• 6M: 10.09%
• 1Y: 18.93%
• 3Y*: 18.86%
• 5Y*: 13.80%
• 10Y*: —

UETW.DE

• 1D: -0.01%
• 1M: 3.72%
• YTD: 10.95%
• 6M: 10.99%
• 1Y: 23.94%
• 3Y*: 17.68%
• 5Y*: 12.87%
• 10Y*: —

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

UET5.DE vs. UETW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UET5.DE UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist	8.56%	25.92%	12.78%	25.36%	-9.35%	26.94%	0.18%	15.08%
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc	10.95%	8.06%	26.50%	19.68%	-13.72%	32.17%	5.50%	13.83%

Correlation

The correlation between UET5.DE and UETW.DE is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since Aug 7, 2019	0.77

The correlation between UET5.DE and UETW.DE has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.

Return for Risk

UET5.DE vs. UETW.DE — Risk / Return Rank

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

UET5.DE

UET5.DE Risk / Return Rank: 33
UET5.DE Sharpe Ratio Rank: 31
UET5.DE Sortino Ratio Rank: 33
UET5.DE Omega Ratio Rank: 32
UET5.DE Calmar Ratio Rank: 33
UET5.DE Martin Ratio Rank: 37

UETW.DE

UETW.DE Risk / Return Rank: 71
UETW.DE Sharpe Ratio Rank: 66
UETW.DE Sortino Ratio Rank: 67
UETW.DE Omega Ratio Rank: 69
UETW.DE Calmar Ratio Rank: 74
UETW.DE Martin Ratio Rank: 77

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.

UET5.DE vs. UETW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist (UET5.DE) and UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.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.

	UET5.DE	UETW.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.12	2.17	-1.04
Sortino ratio: Return per unit of downside risk	1.74	3.02	-1.29
Omega ratio: Gain probability vs. loss probability	1.21	1.40	-0.20
Calmar ratio: Return relative to maximum drawdown	1.61	3.67	-2.06
Martin ratio: Return relative to average drawdown	5.64	14.61	-8.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UET5.DE vs. UETW.DE - Sharpe Ratio Comparison

The current UET5.DE Sharpe Ratio is 1.12, which is lower than the UETW.DE Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of UET5.DE and UETW.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

	UET5.DE	UETW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	2.17	-1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.91	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.85	-0.10

Drawdowns

UET5.DE vs. UETW.DE - Drawdown Comparison

The maximum UET5.DE drawdown since its inception was -37.03%, which is greater than UETW.DE's maximum drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for UET5.DE and UETW.DE.

Drawdown Indicators

	UET5.DE	UETW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-37.03%	-33.72%	-3.31%
Max Drawdown (1Y) Largest decline over 1 year	-11.81%	-6.47%	-5.34%
Max Drawdown (3Y) Largest decline over 3 years	-15.56%	-21.30%	+5.74%
Max Drawdown (5Y) Largest decline over 5 years	-23.13%	-21.30%	-1.83%
Current Drawdown Current decline from peak	-0.35%	-0.30%	-0.05%
Average Drawdown Average peak-to-trough decline	-4.98%	-4.63%	-0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	1.63%	+1.76%

Volatility

UET5.DE vs. UETW.DE - Volatility Comparison

UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist (UET5.DE) has a higher volatility of 5.06% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.60%. This indicates that UET5.DE's price experiences larger fluctuations and is considered to be riskier than UETW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UET5.DE	UETW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.06%	2.60%	+2.46%
Volatility (6M) Calculated over the trailing 6-month period	13.82%	7.63%	+6.19%
Volatility (1Y) Calculated over the trailing 1-year period	16.97%	10.97%	+6.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.27%	14.03%	+3.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.69%	16.11%	+3.58%

UET5.DE vs. UETW.DE - Expense Ratio Comparison

Both UET5.DE and UETW.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

UET5.DE vs. UETW.DE - Dividend Comparison

UET5.DE's dividend yield for the trailing twelve months is around 2.92%, while UETW.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
UET5.DE UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist	2.92%	2.15%	3.28%	2.96%	3.06%	1.90%	1.93%
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UET5.DE and UETW.DE in my portfolio?

UET5.DE and UETW.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UET5.DE or UETW.DE?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UET5.DE or UETW.DE?

UET5.DE and UETW.DE have the same expense ratio: 0.10% per year.

What is the main difference between UET5.DE and UETW.DE?

UET5.DE is categorized as Europe Equities, while UETW.DE is Global Equities. UET5.DE tracks EURO STOXX® 50 ESG, while UETW.DE tracks MSCI World.