UETW.DE vs. IS3Q.DE
UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) and IS3Q.DE (iShares Edge MSCI World Quality Factor UCITS ETF (Acc)) are both Global Equities funds - UETW.DE tracks the MSCI World while IS3Q.DE tracks the MSCI World Sector Neutral Quality. Both are passively managed. Over the past 5 years, UETW.DE returned 12.87%/yr vs 11.35%/yr for IS3Q.DE. With a 0.97 correlation, they move nearly in lockstep. UETW.DE charges 0.10%/yr vs 0.30%/yr for IS3Q.DE.
Performance
UETW.DE vs. IS3Q.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UETW.DE achieves a 10.95% return, which is significantly higher than IS3Q.DE's 9.47% 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*
- —
IS3Q.DE
- 1D
- 0.75%
- 1M
- 3.07%
- YTD
- 9.47%
- 6M
- 9.57%
- 1Y
- 18.81%
- 3Y*
- 15.09%
- 5Y*
- 11.35%
- 10Y*
- 12.05%
UETW.DE vs. IS3Q.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 12.54% |
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 9.47% | 2.80% | 23.78% | 21.70% | -14.84% | 34.28% | 4.44% | 13.14% |
Correlation
The correlation between UETW.DE and IS3Q.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 | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2019 | 0.97 |
The correlation between UETW.DE and IS3Q.DE has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UETW.DE vs. IS3Q.DE — Risk / Return Rank
UETW.DE
IS3Q.DE
UETW.DE vs. IS3Q.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 iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.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 | IS3Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.33 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | 2.97 | +0.71 |
| Martin ratioReturn relative to average drawdown | 14.61 | 11.80 | +2.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| UETW.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 1.76 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.79 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.76 | +0.08 |
Drawdowns
UETW.DE vs. IS3Q.DE - Drawdown Comparison
The maximum UETW.DE drawdown since its inception was -33.72%, roughly equal to the maximum IS3Q.DE drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for UETW.DE and IS3Q.DE.
Loading charts...
Drawdown Indicators
| UETW.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.72% | -32.31% | -1.41% |
Max Drawdown (1Y)Largest decline over 1 year | -6.47% | -6.33% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -21.30% | -20.63% | -0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -21.30% | -20.63% | -0.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.31% | — |
Current DrawdownCurrent decline from peak | -0.30% | -0.12% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -4.61% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.60% | +0.03% |
Volatility
UETW.DE vs. IS3Q.DE - Volatility Comparison
UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) has a higher volatility of 2.60% compared to iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) at 2.37%. This indicates that UETW.DE's price experiences larger fluctuations and is considered to be riskier than IS3Q.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UETW.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.60% | 2.37% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 7.63% | 7.31% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.97% | 10.66% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 14.15% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.11% | 14.89% | +1.22% |
UETW.DE vs. IS3Q.DE - Expense Ratio Comparison
UETW.DE has a 0.10% expense ratio, which is lower than IS3Q.DE's 0.30% expense ratio.
Dividends
UETW.DE vs. IS3Q.DE - Dividend Comparison
Neither UETW.DE nor IS3Q.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, UETW.DE and IS3Q.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 0.30% for IS3Q.DE.
UETW.DE tracks MSCI World, while IS3Q.DE tracks MSCI World Sector Neutral Quality. They also come from different issuers: UBS and iShares. Their fees differ too: 0.10% for UETW.DE and 0.30% for IS3Q.DE.
Find the right allocation for UETW.DE and IS3Q.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer