UETW.DE vs. AVWC.DE
UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) and AVWC.DE (Avantis Global Equity UCITS ETF USD Acc EUR) are both Global Equities funds. UETW.DE is passively managed, while AVWC.DE is actively managed. Over the past year, UETW.DE returned 23.94% vs 28.71% for AVWC.DE. Their correlation of 0.93 suggests significant overlap in exposure. UETW.DE charges 0.10%/yr vs 0.22%/yr for AVWC.DE.
Performance
UETW.DE vs. AVWC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UETW.DE achieves a 10.95% return, which is significantly lower than AVWC.DE's 14.36% return.
UETW.DE
- 1D
- -0.01%
- 1M
- 3.72%
- YTD
- 10.95%
- 6M
- 10.99%
- 1Y
- 23.94%
- 3Y*
- 17.68%
- 5Y*
- 12.87%
- 10Y*
- —
AVWC.DE
- 1D
- 0.15%
- 1M
- 3.18%
- YTD
- 14.36%
- 6M
- 14.88%
- 1Y
- 28.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UETW.DE vs. AVWC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 10.95% | 8.06% | 7.29% |
AVWC.DE Avantis Global Equity UCITS ETF USD Acc EUR | 14.36% | 9.08% | 6.46% |
Correlation
The correlation between UETW.DE and AVWC.DE is 0.92, 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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024 | 0.93 |
The correlation between UETW.DE and AVWC.DE has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
UETW.DE vs. AVWC.DE — Risk / Return Rank
UETW.DE
AVWC.DE
UETW.DE vs. AVWC.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 Avantis Global Equity UCITS ETF USD Acc EUR (AVWC.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 | AVWC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.49 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 5.22 | -1.54 |
| Martin ratioReturn relative to average drawdown | 14.61 | 19.94 | -5.33 |
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 | AVWC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.58 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 1.24 | -0.40 |
Drawdowns
UETW.DE vs. AVWC.DE - Drawdown Comparison
The maximum UETW.DE drawdown since its inception was -33.72%, which is greater than AVWC.DE's maximum drawdown of -21.65%. Use the drawdown chart below to compare losses from any high point for UETW.DE and AVWC.DE.
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Drawdown Indicators
| UETW.DE | AVWC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.72% | -21.65% | -12.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -5.49% | -0.98% |
Max Drawdown (3Y)Largest decline over 3 years | -21.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.30% | — | — |
Current DrawdownCurrent decline from peak | -0.30% | 0.00% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -3.33% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.44% | +0.19% |
Volatility
UETW.DE vs. AVWC.DE - Volatility Comparison
The current volatility for UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) is 2.60%, while Avantis Global Equity UCITS ETF USD Acc EUR (AVWC.DE) has a volatility of 2.89%. This indicates that UETW.DE experiences smaller price fluctuations and is considered to be less risky than AVWC.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 | AVWC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 2.89% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.63% | 7.84% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.97% | 11.09% | -0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 14.91% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 14.91% | +1.20% |
UETW.DE vs. AVWC.DE - Expense Ratio Comparison
UETW.DE has a 0.10% expense ratio, which is lower than AVWC.DE's 0.22% 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
UETW.DE vs. AVWC.DE - Dividend Comparison
Neither UETW.DE nor AVWC.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, UETW.DE and AVWC.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.
On fees, UETW.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.22% for AVWC.DE.
They also come from different issuers: UBS and Avantis. Their fees differ too: 0.10% for UETW.DE and 0.22% for AVWC.DE.
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