UETW.DE vs. AW10.DE
UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) and AW10.DE (UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc) are both Global Equities funds from UBS - UETW.DE tracks the MSCI World while AW10.DE tracks the MSCI World Climate Paris Aligned. Both are passively managed. Over the past 5 years, UETW.DE returned 12.87%/yr vs 12.14%/yr for AW10.DE. Their correlation of 0.93 suggests significant overlap in exposure. UETW.DE charges 0.10%/yr vs 0.15%/yr for AW10.DE.
Performance
UETW.DE vs. AW10.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 higher than AW10.DE's 7.93% 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*
- —
AW10.DE
- 1D
- 0.29%
- 1M
- 1.14%
- YTD
- 7.93%
- 6M
- 9.56%
- 1Y
- 16.83%
- 3Y*
- 16.77%
- 5Y*
- 12.14%
- 10Y*
- —
UETW.DE vs. AW10.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 10.95% | 8.06% | 26.50% | 19.68% | -13.72% | 20.21% |
AW10.DE UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc | 7.93% | 9.11% | 25.31% | 21.54% | -17.22% | 22.34% |
Correlation
The correlation between UETW.DE and AW10.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.93 |
The correlation between UETW.DE and AW10.DE shifts across timeframes, from 0.79 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UETW.DE vs. AW10.DE — Risk / Return Rank
UETW.DE
AW10.DE
UETW.DE vs. AW10.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) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.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 | AW10.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.24 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 1.02 | +2.65 |
| Martin ratioReturn relative to average drawdown | 14.61 | 1.98 | +12.63 |
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 | AW10.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 0.69 | +1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.70 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.71 | +0.13 |
Drawdowns
UETW.DE vs. AW10.DE - Drawdown Comparison
The maximum UETW.DE drawdown since its inception was -33.72%, which is greater than AW10.DE's maximum drawdown of -19.92%. Use the drawdown chart below to compare losses from any high point for UETW.DE and AW10.DE.
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Drawdown Indicators
| UETW.DE | AW10.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.72% | -19.92% | -13.80% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -16.56% | +10.09% |
Max Drawdown (3Y)Largest decline over 3 years | -21.30% | -17.58% | -3.72% |
Max Drawdown (5Y)Largest decline over 5 years | -21.30% | -19.92% | -1.38% |
Current DrawdownCurrent decline from peak | -0.30% | -5.44% | +5.14% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -5.91% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 8.55% | -6.92% |
Volatility
UETW.DE vs. AW10.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) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.DE) has a volatility of 3.47%. This indicates that UETW.DE experiences smaller price fluctuations and is considered to be less risky than AW10.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 | AW10.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 3.47% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 7.63% | 10.93% | -3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.97% | 24.57% | -13.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 17.11% | -3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 16.95% | -0.84% |
UETW.DE vs. AW10.DE - Expense Ratio Comparison
UETW.DE has a 0.10% expense ratio, which is lower than AW10.DE's 0.15% 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. AW10.DE - Dividend Comparison
Neither UETW.DE nor AW10.DE has paid dividends to shareholders.
Frequently Asked Questions
UETW.DE and AW10.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.15% for AW10.DE.
UETW.DE tracks MSCI World, while AW10.DE tracks MSCI World Climate Paris Aligned. Their fees differ too: 0.10% for UETW.DE and 0.15% for AW10.DE.
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