WEXU.DE vs. UETW.DE
WEXU.DE (Amundi MSCI World Ex USA UCITS ETF (Acc)) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - WEXU.DE tracks the MSCI World ex USA Index while UETW.DE tracks the MSCI World. Both are passively managed. Over the past year, WEXU.DE returned 22.22% vs 20.27% for UETW.DE. A 0.68 correlation means they provide meaningful diversification when combined. WEXU.DE charges 0.15%/yr vs 0.10%/yr for UETW.DE.
Performance
WEXU.DE vs. UETW.DE - Performance Comparison
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Different Trading Currencies
WEXU.DE is traded in USD, while UETW.DE is traded in EUR. To make them comparable, the UETW.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with WEXU.DE having a 9.21% return and UETW.DE slightly lower at 8.87%.
WEXU.DE
- 1D
- -0.80%
- 1M
- -1.66%
- 6M
- 6.07%
- YTD
- 9.21%
- 1Y
- 22.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UETW.DE
- 1D
- -1.14%
- 1M
- -0.04%
- 6M
- 7.25%
- YTD
- 8.87%
- 1Y
- 20.27%
- 3Y*
- 18.40%
- 5Y*
- 11.36%
- 10Y*
- —
WEXU.DE vs. UETW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WEXU.DE Amundi MSCI World Ex USA UCITS ETF (Acc) | 9.21% | 32.45% | -3.68% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 8.87% | 21.98% | 6.01% |
Correlation
The correlation between WEXU.DE and UETW.DE is 0.71, 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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2024 | 0.68 |
The correlation between WEXU.DE and UETW.DE has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.
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Return for Risk
WEXU.DE vs. UETW.DE — Risk / Return Rank
WEXU.DE
UETW.DE
WEXU.DE vs. UETW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World Ex USA UCITS ETF (Acc) (WEXU.DE) and UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.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.
| WEXU.DE | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 2.40 | -0.27 |
| Martin ratioReturn relative to average drawdown | 7.74 | 9.96 | -2.22 |
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Drawdowns
WEXU.DE vs. UETW.DE - Drawdown Comparison
The maximum WEXU.DE drawdown since its inception was -13.56%, smaller than the maximum UETW.DE drawdown of -34.21%. Use the drawdown chart below to compare losses from any high point for WEXU.DE and UETW.DE.
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Drawdown Indicators
| WEXU.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.56% | -34.21% | +20.65% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -8.42% | -2.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.92% | — |
Current DrawdownCurrent decline from peak | -1.66% | -1.39% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -5.75% | +3.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 2.03% | +0.85% |
Volatility
WEXU.DE vs. UETW.DE - Volatility Comparison
Amundi MSCI World Ex USA UCITS ETF (Acc) (WEXU.DE) has a higher volatility of 3.77% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.89%. This indicates that WEXU.DE's price experiences larger fluctuations and is considered to be riskier than UETW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WEXU.DE | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.77% | 2.89% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 9.07% | +3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.16% | 11.96% | +2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.04% | 15.45% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.04% | 17.60% | -2.56% |
WEXU.DE vs. UETW.DE - Expense Ratio Comparison
WEXU.DE has a 0.15% expense ratio, which is higher than UETW.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
WEXU.DE vs. UETW.DE - Dividend Comparison
Neither WEXU.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
WEXU.DE and UETW.DE have a correlation of 0.71, 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 0.15% for WEXU.DE.
WEXU.DE tracks MSCI World ex USA Index, while UETW.DE tracks MSCI World. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.15% for WEXU.DE and 0.10% for UETW.DE.
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