V3AA.DE vs. UEEH.DE
V3AA.DE (Vanguard ESG Global All Cap UCITS ETF (USD) Acc) and UEEH.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist) are both Global Equities funds - V3AA.DE tracks the FTSE Global All Cap Choice Index while UEEH.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, V3AA.DE returned 11.33%/yr vs 5.98%/yr for UEEH.DE. A 0.60 correlation means they provide meaningful diversification when combined. V3AA.DE charges 0.24%/yr vs 0.30%/yr for UEEH.DE.
Performance
V3AA.DE vs. UEEH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, V3AA.DE achieves a 12.77% return, which is significantly higher than UEEH.DE's 1.54% return.
V3AA.DE
- 1D
- -0.11%
- 1M
- 5.86%
- YTD
- 12.77%
- 6M
- 13.63%
- 1Y
- 27.04%
- 3Y*
- 17.62%
- 5Y*
- 11.33%
- 10Y*
- —
UEEH.DE
- 1D
- -0.04%
- 1M
- 1.51%
- YTD
- 1.54%
- 6M
- 1.62%
- 1Y
- -0.54%
- 3Y*
- 6.19%
- 5Y*
- 5.98%
- 10Y*
- —
V3AA.DE vs. UEEH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
V3AA.DE Vanguard ESG Global All Cap UCITS ETF (USD) Acc | 12.77% | 7.60% | 24.41% | 20.63% | -18.04% | 20.19% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.54% | -1.55% | 17.56% | 3.56% | -4.40% | 18.30% |
Correlation
The correlation between V3AA.DE and UEEH.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021 | 0.60 |
Over the past year, the correlation between V3AA.DE and UEEH.DE has dropped to 0.28 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
V3AA.DE vs. UEEH.DE — Risk / Return Rank
V3AA.DE
UEEH.DE
V3AA.DE vs. UEEH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Global All Cap UCITS ETF (USD) Acc (V3AA.DE) and iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.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.
| V3AA.DE | UEEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | +3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.00 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | -0.10 | +3.40 |
| Martin ratioReturn relative to average drawdown | 13.32 | -0.22 | +13.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| V3AA.DE | UEEH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | -0.07 | +2.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.59 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.65 | +0.17 |
Drawdowns
V3AA.DE vs. UEEH.DE - Drawdown Comparison
The maximum V3AA.DE drawdown since its inception was -22.30%, which is greater than UEEH.DE's maximum drawdown of -12.82%. Use the drawdown chart below to compare losses from any high point for V3AA.DE and UEEH.DE.
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Drawdown Indicators
| V3AA.DE | UEEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.30% | -12.82% | -9.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -5.49% | -2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -22.30% | -12.82% | -9.48% |
Max Drawdown (5Y)Largest decline over 5 years | -22.30% | -12.82% | -9.48% |
Current DrawdownCurrent decline from peak | -0.75% | -6.93% | +6.18% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -4.41% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.52% | -0.49% |
Volatility
V3AA.DE vs. UEEH.DE - Volatility Comparison
Vanguard ESG Global All Cap UCITS ETF (USD) Acc (V3AA.DE) has a higher volatility of 3.38% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.DE) at 2.62%. This indicates that V3AA.DE's price experiences larger fluctuations and is considered to be riskier than UEEH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| V3AA.DE | UEEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 2.62% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 5.56% | +3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.42% | 7.88% | +4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 10.11% | +4.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 10.26% | +4.07% |
V3AA.DE vs. UEEH.DE - Expense Ratio Comparison
V3AA.DE has a 0.24% expense ratio, which is lower than UEEH.DE's 0.30% expense ratio.
Dividends
V3AA.DE vs. UEEH.DE - Dividend Comparison
V3AA.DE has not paid dividends to shareholders, while UEEH.DE's dividend yield for the trailing twelve months is around 1.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.45% | 1.49% | 1.59% | 1.76% | 1.70% | 1.37% |
V3AA.DE Vanguard ESG Global All Cap UCITS ETF (USD) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
V3AA.DE and UEEH.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3AA.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3AA.DE is cheaper with a 0.24% expense ratio, compared with 0.30% for UEEH.DE.
V3AA.DE tracks FTSE Global All Cap Choice Index, while UEEH.DE tracks MSCI World Minimum Volatility. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.24% for V3AA.DE and 0.30% for UEEH.DE.
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