XMAW.DE vs. UEEH.DE
XMAW.DE (Xtrackers MSCI AC World ESG Screened UCITS ETF 1C) and UEEH.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist) are both Global Equities funds - XMAW.DE tracks the MSCI ACWI NR USD while UEEH.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, XMAW.DE returned 12.21%/yr vs 5.98%/yr for UEEH.DE. A 0.64 correlation means they provide meaningful diversification when combined. XMAW.DE charges 0.25%/yr vs 0.30%/yr for UEEH.DE.
Performance
XMAW.DE vs. UEEH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XMAW.DE achieves a 12.49% return, which is significantly higher than UEEH.DE's 1.54% return.
XMAW.DE
- 1D
- -0.19%
- 1M
- 3.99%
- YTD
- 12.49%
- 6M
- 12.66%
- 1Y
- 26.81%
- 3Y*
- 18.18%
- 5Y*
- 12.21%
- 10Y*
- 12.33%
UEEH.DE
- 1D
- -0.04%
- 1M
- 1.86%
- YTD
- 1.54%
- 6M
- 1.53%
- 1Y
- 0.02%
- 3Y*
- 6.19%
- 5Y*
- 5.98%
- 10Y*
- —
XMAW.DE vs. UEEH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XMAW.DE Xtrackers MSCI AC World ESG Screened UCITS ETF 1C | 12.49% | 8.98% | 25.39% | 19.46% | -15.01% | 28.71% | 9.12% |
UEEH.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist | 1.54% | -1.55% | 17.56% | 3.56% | -4.40% | 23.98% | 0.94% |
Correlation
The correlation between XMAW.DE and UEEH.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2020 | 0.64 |
Over the past year, the correlation between XMAW.DE and UEEH.DE has dropped to 0.29 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
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Return for Risk
XMAW.DE vs. UEEH.DE — Risk / Return Rank
XMAW.DE
UEEH.DE
XMAW.DE vs. UEEH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI AC World ESG Screened UCITS ETF 1C (XMAW.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.
| XMAW.DE | UEEH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +3.15 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.00 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.68 | -0.10 | +3.78 |
| Martin ratioReturn relative to average drawdown | 14.79 | -0.22 | +15.00 |
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
| XMAW.DE | UEEH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.22 | -0.07 | +2.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.59 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.65 | +0.12 |
Drawdowns
XMAW.DE vs. UEEH.DE - Drawdown Comparison
The maximum XMAW.DE drawdown since its inception was -33.49%, 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 XMAW.DE and UEEH.DE.
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Drawdown Indicators
| XMAW.DE | UEEH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.49% | -12.82% | -20.67% |
Max Drawdown (1Y)Largest decline over 1 year | -7.30% | -5.49% | -1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -22.10% | -12.82% | -9.28% |
Max Drawdown (5Y)Largest decline over 5 years | -22.10% | -12.82% | -9.28% |
Max Drawdown (10Y)Largest decline over 10 years | -33.49% | — | — |
Current DrawdownCurrent decline from peak | -0.67% | -6.93% | +6.26% |
Average DrawdownAverage peak-to-trough decline | -4.90% | -4.41% | -0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 2.52% | -0.70% |
Volatility
XMAW.DE vs. UEEH.DE - Volatility Comparison
Xtrackers MSCI AC World ESG Screened UCITS ETF 1C (XMAW.DE) has a higher volatility of 3.16% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD Dist (UEEH.DE) at 2.62%. This indicates that XMAW.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
| XMAW.DE | UEEH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 2.62% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 8.70% | 5.56% | +3.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.11% | 7.88% | +4.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.30% | 10.11% | +4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.23% | 10.26% | +4.97% |
XMAW.DE vs. UEEH.DE - Expense Ratio Comparison
XMAW.DE has a 0.25% expense ratio, which is lower than UEEH.DE's 0.30% expense ratio.
Dividends
XMAW.DE vs. UEEH.DE - Dividend Comparison
XMAW.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% |
XMAW.DE Xtrackers MSCI AC World ESG Screened UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XMAW.DE and UEEH.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMAW.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMAW.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for UEEH.DE.
XMAW.DE tracks MSCI ACWI NR USD, while UEEH.DE tracks MSCI World Minimum Volatility. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.25% for XMAW.DE and 0.30% for UEEH.DE.
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