UETW.DE vs. UIQK.DE
UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) and UIQK.DE (UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc) are both exchange-traded funds - UETW.DE is a Global Equities fund tracking the MSCI World, while UIQK.DE is a Commodities fund tracking the UBS CMCI. Both are passively managed. Over the past 5 years, UETW.DE returned 12.27%/yr vs 11.67%/yr for UIQK.DE. At a 0.28 correlation, their price movements are largely independent. UETW.DE charges 0.10%/yr vs 0.34%/yr for UIQK.DE.
Performance
UETW.DE vs. UIQK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UETW.DE achieves a 11.10% return, which is significantly lower than UIQK.DE's 17.07% return.
UETW.DE
- 1D
- -0.57%
- 1M
- 0.81%
- YTD
- 11.10%
- 6M
- 11.19%
- 1Y
- 24.89%
- 3Y*
- 18.08%
- 5Y*
- 12.27%
- 10Y*
- —
UIQK.DE
- 1D
- 0.54%
- 1M
- -5.07%
- YTD
- 17.07%
- 6M
- 19.04%
- 1Y
- 24.09%
- 3Y*
- 8.78%
- 5Y*
- 11.67%
- 10Y*
- 8.02%
UETW.DE vs. UIQK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 11.10% | 8.05% | 26.48% | 19.71% | -13.72% | 32.19% | 5.49% | 0.11% |
UIQK.DE UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc | 17.07% | -1.67% | 10.72% | -4.23% | 22.43% | 46.71% | -8.90% | 8.20% |
Correlation
The correlation between UETW.DE and UIQK.DE is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2019 | 0.28 |
Over the past year, the correlation between UETW.DE and UIQK.DE has dropped to 0.03 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
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Return for Risk
UETW.DE vs. UIQK.DE — Risk / Return Rank
UETW.DE
UIQK.DE
UETW.DE vs. UIQK.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) CMCI Composite SF UCITS ETF (USD) A-acc (UIQK.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UETW.DE | UIQK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.28 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 3.11 | +0.61 |
| Martin ratioReturn relative to average drawdown | 14.55 | 10.57 | +3.98 |
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Drawdowns
UETW.DE vs. UIQK.DE - Drawdown Comparison
The maximum UETW.DE drawdown since its inception was -33.74%, smaller than the maximum UIQK.DE drawdown of -63.18%. Use the drawdown chart below to compare losses from any high point for UETW.DE and UIQK.DE.
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Drawdown Indicators
| UETW.DE | UIQK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.74% | -63.18% | +29.44% |
Max Drawdown (1Y)Largest decline over 1 year | -6.67% | -7.72% | +1.05% |
Max Drawdown (3Y)Largest decline over 3 years | -21.32% | -15.43% | -5.89% |
Max Drawdown (5Y)Largest decline over 5 years | -21.32% | -17.37% | -3.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.71% | — |
Current DrawdownCurrent decline from peak | -0.69% | -7.22% | +6.53% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -33.70% | +28.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.27% | -0.56% |
Volatility
UETW.DE vs. UIQK.DE - Volatility Comparison
The current volatility for UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) is 2.95%, while UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UIQK.DE) has a volatility of 3.50%. This indicates that UETW.DE experiences smaller price fluctuations and is considered to be less risky than UIQK.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 | UIQK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | 3.50% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 7.98% | 12.59% | -4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.18% | 14.55% | -3.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 15.10% | -1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 14.45% | +2.15% |
UETW.DE vs. UIQK.DE - Expense Ratio Comparison
UETW.DE has a 0.10% expense ratio, which is lower than UIQK.DE's 0.34% expense ratio.
Dividends
UETW.DE vs. UIQK.DE - Dividend Comparison
Neither UETW.DE nor UIQK.DE has paid dividends to shareholders.
Frequently Asked Questions
UETW.DE and UIQK.DE have a correlation of 0.03, 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 0.34% for UIQK.DE.
UETW.DE is categorized as Global Equities, while UIQK.DE is Commodities. UETW.DE tracks MSCI World, while UIQK.DE tracks UBS CMCI. Their fees differ too: 0.10% for UETW.DE and 0.34% for UIQK.DE.
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