USUP.DE vs. AW10.DE

Last updated Jun 5, 2026

USUP.DE (UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) Acc) and AW10.DE (UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc) are both exchange-traded funds - USUP.DE is a Asia Pacific Equities fund tracking the MSCI Pacific SRI Low Carbon Select 5% Issuer Capped, while AW10.DE is a Global Equities fund tracking the MSCI World Climate Paris Aligned. Both are passively managed. Over the past 5 years, USUP.DE returned 4.92%/yr vs 12.14%/yr for AW10.DE. A 0.69 correlation means they provide meaningful diversification when combined. USUP.DE charges 0.28%/yr vs 0.15%/yr for AW10.DE.

Performance

USUP.DE vs. AW10.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) Acc (USUP.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, USUP.DE achieves a 9.01% return, which is significantly higher than AW10.DE's 7.93% return.

USUP.DE

• 1D: -0.16%
• 1M: 4.19%
• YTD: 9.01%
• 6M: 9.62%
• 1Y: 13.62%
• 3Y*: 7.72%
• 5Y*: 4.92%
• 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)

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

	2026 (YTD)	2025	2024	2023	2022	2021
USUP.DE UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) Acc	9.01%	4.91%	9.07%	10.08%	-14.14%	6.08%
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 USUP.DE and AW10.DE is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021	0.69

The correlation between USUP.DE and AW10.DE has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.

Return for Risk

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

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

USUP.DE

USUP.DE Risk / Return Rank: 27
USUP.DE Sharpe Ratio Rank: 23
USUP.DE Sortino Ratio Rank: 24
USUP.DE Omega Ratio Rank: 24
USUP.DE Calmar Ratio Rank: 31
USUP.DE Martin Ratio Rank: 33

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.

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

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) Acc (USUP.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.

	USUP.DE	AW10.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.80	0.69	+0.12
Sortino ratio: Return per unit of downside risk	1.28	1.18	+0.09
Omega ratio: Gain probability vs. loss probability	1.15	1.24	-0.08
Calmar ratio: Return relative to maximum drawdown	1.52	1.02	+0.51
Martin ratio: Return relative to average drawdown	4.89	1.98	+2.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current USUP.DE Sharpe Ratio is 0.80, which is comparable to the AW10.DE Sharpe Ratio of 0.69. The chart below compares the historical Sharpe Ratios of USUP.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

	USUP.DE	AW10.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	0.69	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.70	-0.39
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.71	-0.28

Drawdowns

USUP.DE vs. AW10.DE - Drawdown Comparison

The maximum USUP.DE drawdown since its inception was -19.61%, roughly equal to the maximum AW10.DE drawdown of -19.92%. Use the drawdown chart below to compare losses from any high point for USUP.DE and AW10.DE.

Drawdown Indicators

	USUP.DE	AW10.DE	Difference
Max Drawdown Largest peak-to-trough decline	-19.61%	-19.92%	+0.31%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-16.56%	+7.66%
Max Drawdown (3Y) Largest decline over 3 years	-17.36%	-17.58%	+0.22%
Max Drawdown (5Y) Largest decline over 5 years	-19.61%	-19.92%	+0.31%
Current Drawdown Current decline from peak	-0.16%	-5.44%	+5.28%
Average Drawdown Average peak-to-trough decline	-5.91%	-5.91%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	8.55%	-5.77%

Volatility

USUP.DE vs. AW10.DE - Volatility Comparison

UBS ETF (LU) MSCI Pacific Socially Responsible UCITS ETF (USD) Acc (USUP.DE) and UBS ETF (IE) MSCI World Climate Paris Aligned UCITS ETF (USD) Acc (AW10.DE) have volatilities of 3.49% and 3.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USUP.DE	AW10.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	3.47%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	13.06%	10.93%	+2.13%
Volatility (1Y) Calculated over the trailing 1-year period	16.91%	24.57%	-7.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.51%	17.11%	-1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.21%	16.95%	-1.74%

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

USUP.DE has a 0.28% expense ratio, which is higher than AW10.DE's 0.15% expense ratio.

Dividends

USUP.DE vs. AW10.DE - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

USUP.DE and AW10.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

AW10.DE is cheaper with a 0.15% expense ratio, compared with 0.28% for USUP.DE.

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

USUP.DE is categorized as Asia Pacific Equities, while AW10.DE is Global Equities. USUP.DE tracks MSCI Pacific SRI Low Carbon Select 5% Issuer Capped, while AW10.DE tracks MSCI World Climate Paris Aligned. Their fees differ too: 0.28% for USUP.DE and 0.15% for AW10.DE.