UETW.DE vs. 4UBQ.DE
UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) and 4UBQ.DE (UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc) are both exchange-traded funds - UETW.DE is a Global Equities fund tracking the MSCI World, while 4UBQ.DE is a S&P 500 fund tracking the S&P 500 ESG. Both are passively managed. Over the past 5 years, UETW.DE returned 12.87%/yr vs 15.51%/yr for 4UBQ.DE. With a 0.95 correlation, they move nearly in lockstep. Both charge a 0.10% expense ratio.
Performance
UETW.DE vs. 4UBQ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with UETW.DE having a 10.95% return and 4UBQ.DE slightly higher at 11.15%.
UETW.DE
- 1D
- -0.01%
- 1M
- 3.72%
- YTD
- 10.95%
- 6M
- 10.99%
- 1Y
- 23.94%
- 3Y*
- 17.68%
- 5Y*
- 12.87%
- 10Y*
- —
4UBQ.DE
- 1D
- 0.58%
- 1M
- 4.20%
- YTD
- 11.15%
- 6M
- 11.13%
- 1Y
- 28.46%
- 3Y*
- 18.50%
- 5Y*
- 15.51%
- 10Y*
- —
UETW.DE vs. 4UBQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 10.95% | 8.06% | 26.50% | 19.68% | -13.72% | 32.17% | 10.89% |
4UBQ.DE UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc | 11.15% | 5.39% | 31.02% | 24.03% | -13.92% | 43.62% | 8.66% |
Correlation
The correlation between UETW.DE and 4UBQ.DE is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020 | 0.95 |
The correlation between UETW.DE and 4UBQ.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
UETW.DE vs. 4UBQ.DE — Risk / Return Rank
UETW.DE
4UBQ.DE
UETW.DE vs. 4UBQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) and UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc (4UBQ.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.
| UETW.DE | 4UBQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.46 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 4.10 | -0.43 |
| Martin ratioReturn relative to average drawdown | 14.61 | 15.73 | -1.12 |
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
| UETW.DE | 4UBQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.47 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 1.00 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 1.11 | -0.26 |
Drawdowns
UETW.DE vs. 4UBQ.DE - Drawdown Comparison
The maximum UETW.DE drawdown since its inception was -33.72%, which is greater than 4UBQ.DE's maximum drawdown of -23.35%. Use the drawdown chart below to compare losses from any high point for UETW.DE and 4UBQ.DE.
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Drawdown Indicators
| UETW.DE | 4UBQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.72% | -23.35% | -10.37% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -6.93% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -21.30% | -23.35% | +2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -21.30% | -23.35% | +2.05% |
Current DrawdownCurrent decline from peak | -0.30% | 0.00% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -4.02% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.81% | -0.18% |
Volatility
UETW.DE vs. 4UBQ.DE - Volatility Comparison
The current volatility for UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) is 2.60%, while UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc (4UBQ.DE) has a volatility of 2.81%. This indicates that UETW.DE experiences smaller price fluctuations and is considered to be less risky than 4UBQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UETW.DE | 4UBQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 2.81% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 7.63% | 7.61% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.97% | 11.53% | -0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 15.27% | -1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 15.39% | +0.72% |
UETW.DE vs. 4UBQ.DE - Expense Ratio Comparison
Both UETW.DE and 4UBQ.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
UETW.DE vs. 4UBQ.DE - Dividend Comparison
Neither UETW.DE nor 4UBQ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, UETW.DE and 4UBQ.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.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
UETW.DE and 4UBQ.DE have the same expense ratio: 0.10% per year.
UETW.DE is categorized as Global Equities, while 4UBQ.DE is S&P 500. UETW.DE tracks MSCI World, while 4UBQ.DE tracks S&P 500 ESG.
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