UIM4.DE vs. ASWA.DE

Last updated Jun 5, 2026

UIM4.DE (UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis) and ASWA.DE (HANetf European Green Deal UCITS ETF Acc) are both Europe Equities funds - UIM4.DE tracks the MSCI EMU while ASWA.DE tracks the SGI European Green Deal ESG Screened. Both are passively managed. Over the past year, UIM4.DE returned 18.11% vs 0.26% for ASWA.DE. A 0.71 correlation means they provide meaningful diversification when combined. UIM4.DE charges 0.12%/yr vs 0.60%/yr for ASWA.DE.

Performance

UIM4.DE vs. ASWA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis (UIM4.DE) and HANetf European Green Deal UCITS ETF Acc (ASWA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UIM4.DE achieves a 8.95% return, which is significantly higher than ASWA.DE's -10.58% return.

UIM4.DE

• 1D: 0.60%
• 1M: 4.76%
• YTD: 8.95%
• 6M: 10.84%
• 1Y: 18.11%
• 3Y*: 16.13%
• 5Y*: 10.60%
• 10Y*: 10.00%

ASWA.DE

• 1D: -0.09%
• 1M: 0.41%
• YTD: -10.58%
• 6M: -9.71%
• 1Y: 0.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UIM4.DE vs. ASWA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UIM4.DE UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis	8.95%	24.73%	9.53%	2.71%
ASWA.DE HANetf European Green Deal UCITS ETF Acc	-10.58%	26.07%	-11.37%	-2.40%

Correlation

The correlation between UIM4.DE and ASWA.DE is 0.53, 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	0.53
Correlation (All Time) Calculated using the full available price history since Jul 25, 2023	0.71

The correlation between UIM4.DE and ASWA.DE shifts across timeframes, from 0.53 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

Return for Risk

UIM4.DE vs. ASWA.DE — Risk / Return Rank

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

UIM4.DE

UIM4.DE Risk / Return Rank: 37
UIM4.DE Sharpe Ratio Rank: 35
UIM4.DE Sortino Ratio Rank: 37
UIM4.DE Omega Ratio Rank: 35
UIM4.DE Calmar Ratio Rank: 37
UIM4.DE Martin Ratio Rank: 41

ASWA.DE

ASWA.DE Risk / Return Rank: 10
ASWA.DE Sharpe Ratio Rank: 9
ASWA.DE Sortino Ratio Rank: 10
ASWA.DE Omega Ratio Rank: 13
ASWA.DE Calmar Ratio Rank: 9
ASWA.DE Martin Ratio Rank: 9

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.

UIM4.DE vs. ASWA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis (UIM4.DE) and HANetf European Green Deal UCITS ETF Acc (ASWA.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.

	UIM4.DE	ASWA.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.23	0.01	+1.23
Sortino ratio: Return per unit of downside risk	1.88	0.23	+1.65
Omega ratio: Gain probability vs. loss probability	1.23	1.06	+0.17
Calmar ratio: Return relative to maximum drawdown	1.78	0.01	+1.78
Martin ratio: Return relative to average drawdown	6.46	0.03	+6.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UIM4.DE vs. ASWA.DE - Sharpe Ratio Comparison

The current UIM4.DE Sharpe Ratio is 1.23, which is higher than the ASWA.DE Sharpe Ratio of 0.01. The chart below compares the historical Sharpe Ratios of UIM4.DE and ASWA.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

	UIM4.DE	ASWA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	0.01	+1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	-0.04	+0.48

Drawdowns

UIM4.DE vs. ASWA.DE - Drawdown Comparison

The maximum UIM4.DE drawdown since its inception was -57.87%, which is greater than ASWA.DE's maximum drawdown of -30.36%. Use the drawdown chart below to compare losses from any high point for UIM4.DE and ASWA.DE.

Drawdown Indicators

	UIM4.DE	ASWA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-57.87%	-30.36%	-27.51%
Max Drawdown (1Y) Largest decline over 1 year	-10.11%	-30.36%	+20.25%
Max Drawdown (3Y) Largest decline over 3 years	-15.21%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.54%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.32%	—	—
Current Drawdown Current decline from peak	-0.54%	-23.85%	+23.31%
Average Drawdown Average peak-to-trough decline	-11.29%	-8.15%	-3.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	10.54%	-7.75%

Volatility

UIM4.DE vs. ASWA.DE - Volatility Comparison

The current volatility for UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis (UIM4.DE) is 4.77%, while HANetf European Green Deal UCITS ETF Acc (ASWA.DE) has a volatility of 7.52%. This indicates that UIM4.DE experiences smaller price fluctuations and is considered to be less risky than ASWA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UIM4.DE	ASWA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	7.52%	-2.75%
Volatility (6M) Calculated over the trailing 6-month period	11.99%	37.06%	-25.07%
Volatility (1Y) Calculated over the trailing 1-year period	14.61%	33.68%	-19.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.30%	24.72%	-8.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.33%	24.72%	-7.39%

UIM4.DE vs. ASWA.DE - Expense Ratio Comparison

UIM4.DE has a 0.12% expense ratio, which is lower than ASWA.DE's 0.60% expense ratio.

Dividends

UIM4.DE vs. ASWA.DE - Dividend Comparison

UIM4.DE's dividend yield for the trailing twelve months is around 2.46%, while ASWA.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASWA.DE HANetf European Green Deal UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UIM4.DE UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-dis	2.46%	2.52%	2.71%	2.69%	2.84%	1.83%	1.58%	2.66%	3.26%	2.51%	2.57%	2.99%

Frequently Asked Questions

Can I hold both UIM4.DE and ASWA.DE in my portfolio?

UIM4.DE and ASWA.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UIM4.DE or ASWA.DE?

On fees, UIM4.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UIM4.DE or ASWA.DE?

UIM4.DE is cheaper with a 0.12% expense ratio, compared with 0.60% for ASWA.DE.

What is the main difference between UIM4.DE and ASWA.DE?

UIM4.DE tracks MSCI EMU, while ASWA.DE tracks SGI European Green Deal ESG Screened. They also come from different issuers: UBS and HANetf. Their fees differ too: 0.12% for UIM4.DE and 0.60% for ASWA.DE.