WGES.DE vs. UETW.DE
WGES.DE (Amundi MSCI World SRI Climate Paris Aligned UCITS ETF Dist) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - WGES.DE tracks the MSCI World SRI Filtered PAB Index while UETW.DE tracks the MSCI World. Both are passively managed. Over the past year, WGES.DE returned 22.30% vs 23.07% for UETW.DE. Their correlation of 0.91 suggests significant overlap in exposure. WGES.DE charges 0.18%/yr vs 0.10%/yr for UETW.DE.
Performance
WGES.DE vs. UETW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WGES.DE achieves a 14.97% return, which is significantly higher than UETW.DE's 12.56% return.
WGES.DE
- 1D
- 0.00%
- 1M
- -1.54%
- 6M
- 11.96%
- YTD
- 14.97%
- 1Y
- 22.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.01%
UETW.DE
- 1D
- 0.38%
- 1M
- 0.69%
- 6M
- 12.11%
- YTD
- 12.56%
- 1Y
- 23.07%
- 3Y*
- 17.47%
- 5Y*
- 12.09%
- 10Y*
- —
- ALL TIME*
- 11.84%
WGES.DE vs. UETW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WGES.DE Amundi MSCI World SRI Climate Paris Aligned UCITS ETF Dist | 14.97% | 2.20% | 12.55% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 12.56% | 8.05% | 22.54% |
Correlation
The correlation between WGES.DE and UETW.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2024 | 0.91 |
The correlation between WGES.DE and UETW.DE has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.
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Return for Risk
WGES.DE vs. UETW.DE — Risk / Return Rank
WGES.DE
UETW.DE
WGES.DE vs. UETW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World SRI Climate Paris Aligned UCITS ETF Dist (WGES.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.
| WGES.DE | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.39 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 3.45 | -0.68 |
| Martin ratioReturn relative to average drawdown | 10.09 | 13.47 | -3.38 |
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Drawdowns
WGES.DE vs. UETW.DE - Drawdown Comparison
The maximum WGES.DE drawdown since its inception was -22.15%, smaller than the maximum UETW.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for WGES.DE and UETW.DE.
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Drawdown Indicators
| WGES.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.15% | -33.74% | +11.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.04% | -6.67% | -1.37% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.32% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.32% | — |
Current DrawdownCurrent decline from peak | -3.40% | -0.51% | -2.89% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -4.96% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 1.71% | +0.49% |
Volatility
WGES.DE vs. UETW.DE - Volatility Comparison
Amundi MSCI World SRI Climate Paris Aligned UCITS ETF Dist (WGES.DE) has a higher volatility of 4.50% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.67%. This indicates that WGES.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
| WGES.DE | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 2.67% | +1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 7.79% | +2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.44% | 11.01% | +2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.04% | 14.03% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.04% | 16.54% | -1.50% |
WGES.DE vs. UETW.DE - Expense Ratio Comparison
WGES.DE has a 0.18% 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
WGES.DE vs. UETW.DE - Dividend Comparison
WGES.DE's dividend yield for the trailing twelve months is around 1.17%, while UETW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 0.00% | 0.00% |
WGES.DE Amundi MSCI World SRI Climate Paris Aligned UCITS ETF Dist | 1.17% | 1.17% |
Frequently Asked Questions
WGES.DE and UETW.DE have a correlation of 0.86, 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 0.18% for WGES.DE.
WGES.DE tracks MSCI World SRI Filtered PAB Index, while UETW.DE tracks MSCI World. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.18% for WGES.DE and 0.10% for UETW.DE.
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