XWEQ.DE vs. UETW.DE

Last updated Jun 5, 2026

XWEQ.DE (Xtrackers MSCI World Quality ESG UCITS ETF 1C) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - XWEQ.DE tracks the MSCI World Quality Low Carbon SRI Screened Select while UETW.DE tracks the MSCI World. Both are passively managed. Over the past year, XWEQ.DE returned 23.57% vs 23.94% for UETW.DE. Their correlation of 0.93 suggests significant overlap in exposure. XWEQ.DE charges 0.25%/yr vs 0.10%/yr for UETW.DE.

Performance

XWEQ.DE vs. UETW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWEQ.DE) and UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XWEQ.DE achieves a 9.71% return, which is significantly lower than UETW.DE's 10.95% return.

XWEQ.DE

• 1D: 0.77%
• 1M: 2.68%
• YTD: 9.71%
• 6M: 11.10%
• 1Y: 23.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UETW.DE

• 1D: -0.01%
• 1M: 3.72%
• YTD: 10.95%
• 6M: 10.99%
• 1Y: 23.94%
• 3Y*: 17.68%
• 5Y*: 12.87%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XWEQ.DE vs. UETW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XWEQ.DE Xtrackers MSCI World Quality ESG UCITS ETF 1C	9.71%	4.46%	25.97%	0.47%
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc	10.95%	8.06%	26.50%	5.91%

Correlation

The correlation between XWEQ.DE and UETW.DE is 0.91, 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	0.91
Correlation (All Time) Calculated using the full available price history since Jul 6, 2023	0.93

The correlation between XWEQ.DE and UETW.DE has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

XWEQ.DE vs. UETW.DE — Risk / Return Rank

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

XWEQ.DE

XWEQ.DE Risk / Return Rank: 65
XWEQ.DE Sharpe Ratio Rank: 61
XWEQ.DE Sortino Ratio Rank: 64
XWEQ.DE Omega Ratio Rank: 62
XWEQ.DE Calmar Ratio Rank: 67
XWEQ.DE Martin Ratio Rank: 70

UETW.DE

UETW.DE Risk / Return Rank: 71
UETW.DE Sharpe Ratio Rank: 66
UETW.DE Sortino Ratio Rank: 67
UETW.DE Omega Ratio Rank: 69
UETW.DE Calmar Ratio Rank: 74
UETW.DE Martin Ratio Rank: 77

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.

XWEQ.DE vs. UETW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWEQ.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.

	XWEQ.DE	UETW.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.17	-0.15
Sortino ratio: Return per unit of downside risk	2.92	3.02	-0.10
Omega ratio: Gain probability vs. loss probability	1.37	1.40	-0.03
Calmar ratio: Return relative to maximum drawdown	3.27	3.67	-0.41
Martin ratio: Return relative to average drawdown	12.77	14.61	-1.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XWEQ.DE vs. UETW.DE - Sharpe Ratio Comparison

The current XWEQ.DE Sharpe Ratio is 2.02, which is comparable to the UETW.DE Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of XWEQ.DE and UETW.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

	XWEQ.DE	UETW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.02	2.17	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.85	+0.05

Drawdowns

XWEQ.DE vs. UETW.DE - Drawdown Comparison

The maximum XWEQ.DE drawdown since its inception was -22.80%, smaller than the maximum UETW.DE drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for XWEQ.DE and UETW.DE.

Drawdown Indicators

	XWEQ.DE	UETW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-22.80%	-33.72%	+10.92%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	-6.47%	-0.77%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.30%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.30%	—
Current Drawdown Current decline from peak	-0.73%	-0.30%	-0.43%
Average Drawdown Average peak-to-trough decline	-4.52%	-4.63%	+0.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	1.63%	+0.23%

Volatility

XWEQ.DE vs. UETW.DE - Volatility Comparison

Xtrackers MSCI World Quality ESG UCITS ETF 1C (XWEQ.DE) has a higher volatility of 2.76% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.60%. This indicates that XWEQ.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.

Volatility by Period

	XWEQ.DE	UETW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.76%	2.60%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	8.36%	7.63%	+0.73%
Volatility (1Y) Calculated over the trailing 1-year period	11.73%	10.97%	+0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.18%	14.03%	+1.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.18%	16.11%	-0.93%

XWEQ.DE vs. UETW.DE - Expense Ratio Comparison

XWEQ.DE has a 0.25% 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

XWEQ.DE vs. UETW.DE - Dividend Comparison

Neither XWEQ.DE nor UETW.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XWEQ.DE and UETW.DE in my portfolio?

With a correlation of 0.91, XWEQ.DE and UETW.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XWEQ.DE or UETW.DE?

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.

Which ETF is cheaper, XWEQ.DE or UETW.DE?

UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for XWEQ.DE.

What is the main difference between XWEQ.DE and UETW.DE?

XWEQ.DE tracks MSCI World Quality Low Carbon SRI Screened Select, while UETW.DE tracks MSCI World. They also come from different issuers: Xtrackers and UBS. Their fees differ too: 0.25% for XWEQ.DE and 0.10% for UETW.DE.