UIC2.DE vs. AW10.DE

Last updated Jun 5, 2026

UIC2.DE (UBS ETF (LU) Solactive China Technology UCITS ETF (USD) A-acc) and AW10.DE (UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc) are both exchange-traded funds - UIC2.DE is a Technology Equities fund tracking the Solactive China Technology, while AW10.DE is a Global Equities fund tracking the MSCI World Climate Paris Aligned. Both are passively managed. Over the past 5 years, UIC2.DE returned -8.06%/yr vs 12.14%/yr for AW10.DE. At a 0.35 correlation, their price movements are largely independent. UIC2.DE charges 0.47%/yr vs 0.15%/yr for AW10.DE.

Performance

UIC2.DE vs. AW10.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (LU) Solactive China Technology UCITS ETF (USD) A-acc (UIC2.DE) and UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UIC2.DE achieves a -6.51% return, which is significantly lower than AW10.DE's 7.93% return.

UIC2.DE

• 1D: -0.65%
• 1M: -1.09%
• YTD: -6.51%
• 6M: -8.96%
• 1Y: 0.73%
• 3Y*: 8.94%
• 5Y*: -8.06%
• 10Y*: —

AW10.DE

• 1D: 0.29%
• 1M: 3.41%
• YTD: 7.93%
• 6M: 9.80%
• 1Y: 16.96%
• 3Y*: 16.77%
• 5Y*: 12.14%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UIC2.DE vs. AW10.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UIC2.DE UBS ETF (LU) Solactive China Technology UCITS ETF (USD) A-acc	-6.51%	25.73%	19.00%	-13.83%	-24.39%	-29.97%
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 UIC2.DE and AW10.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021	0.35

Return for Risk

UIC2.DE vs. AW10.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UIC2.DE

UIC2.DE Risk / Return Rank: 10
UIC2.DE Sharpe Ratio Rank: 9
UIC2.DE Sortino Ratio Rank: 10
UIC2.DE Omega Ratio Rank: 11
UIC2.DE Calmar Ratio Rank: 9
UIC2.DE Martin Ratio Rank: 9

AW10.DE

AW10.DE Risk / Return Rank: 24
AW10.DE Sharpe Ratio Rank: 21
AW10.DE Sortino Ratio Rank: 22
AW10.DE Omega Ratio Rank: 36
AW10.DE Calmar Ratio Rank: 23
AW10.DE Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UIC2.DE vs. AW10.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Solactive China Technology UCITS ETF (USD) A-acc (UIC2.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.

	UIC2.DE	AW10.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.02	0.69	-0.67
Sortino ratio: Return per unit of downside risk	0.28	1.18	-0.90
Omega ratio: Gain probability vs. loss probability	1.04	1.24	-0.20
Calmar ratio: Return relative to maximum drawdown	0.02	1.02	-1.00
Martin ratio: Return relative to average drawdown	0.04	1.98	-1.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UIC2.DE vs. AW10.DE - Sharpe Ratio Comparison

The current UIC2.DE Sharpe Ratio is 0.02, which is lower than the AW10.DE Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of UIC2.DE and AW10.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UIC2.DE	AW10.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.02	0.69	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	0.70	-0.91
Sharpe Ratio (All Time) Calculated using the full available price history	-0.24	0.71	-0.96

Drawdowns

UIC2.DE vs. AW10.DE - Drawdown Comparison

The maximum UIC2.DE drawdown since its inception was -63.35%, 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 UIC2.DE and AW10.DE.

Drawdown Indicators

	UIC2.DE	AW10.DE	Difference
Max Drawdown Largest peak-to-trough decline	-63.35%	-19.92%	-43.43%
Max Drawdown (1Y) Largest decline over 1 year	-30.64%	-16.56%	-14.08%
Max Drawdown (3Y) Largest decline over 3 years	-30.66%	-17.58%	-13.08%
Max Drawdown (5Y) Largest decline over 5 years	-63.26%	-19.92%	-43.34%
Current Drawdown Current decline from peak	-39.60%	-5.44%	-34.16%
Average Drawdown Average peak-to-trough decline	-42.07%	-5.91%	-36.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.47%	8.55%	+9.92%

Volatility

UIC2.DE vs. AW10.DE - Volatility Comparison

UBS ETF (LU) Solactive China Technology UCITS ETF (USD) A-acc (UIC2.DE) has a higher volatility of 10.04% compared to UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.DE) at 3.47%. This indicates that UIC2.DE's price experiences larger fluctuations and is considered to be riskier than AW10.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UIC2.DE	AW10.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.04%	3.47%	+6.57%
Volatility (6M) Calculated over the trailing 6-month period	17.36%	10.93%	+6.43%
Volatility (1Y) Calculated over the trailing 1-year period	33.06%	24.57%	+8.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.72%	17.11%	+20.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.40%	16.95%	+20.45%

UIC2.DE vs. AW10.DE - Expense Ratio Comparison

UIC2.DE has a 0.47% expense ratio, which is higher than AW10.DE's 0.15% expense ratio.

Dividends

UIC2.DE vs. AW10.DE - Dividend Comparison

Neither UIC2.DE nor AW10.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UIC2.DE and AW10.DE in my portfolio?

UIC2.DE and AW10.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UIC2.DE or AW10.DE?

On fees, AW10.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UIC2.DE or AW10.DE?

AW10.DE is cheaper with a 0.15% expense ratio, compared with 0.47% for UIC2.DE.

What is the main difference between UIC2.DE and AW10.DE?

UIC2.DE is categorized as Technology Equities, while AW10.DE is Global Equities. UIC2.DE tracks Solactive China Technology, while AW10.DE tracks MSCI World Climate Paris Aligned. Their fees differ too: 0.47% for UIC2.DE and 0.15% for AW10.DE.