XZW0.DE vs. UETW.DE
XZW0.DE (Xtrackers MSCI World ESG UCITS ETF 1C) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - XZW0.DE tracks the MSCI World Low Carbon SRI Leaders while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, XZW0.DE returned 11.23%/yr vs 12.09%/yr for UETW.DE. With a 0.97 correlation, they move nearly in lockstep. XZW0.DE charges 0.20%/yr vs 0.10%/yr for UETW.DE.
Performance
XZW0.DE vs. UETW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XZW0.DE achieves a 8.25% return, which is significantly lower than UETW.DE's 12.56% return.
XZW0.DE
- 1D
- 0.19%
- 1M
- 0.36%
- 6M
- 8.77%
- YTD
- 8.25%
- 1Y
- 17.97%
- 3Y*
- 16.22%
- 5Y*
- 11.23%
- 10Y*
- —
- ALL TIME*
- 10.78%
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%
XZW0.DE vs. UETW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XZW0.DE Xtrackers MSCI World ESG UCITS ETF 1C | 8.25% | 6.64% | 27.16% | 22.75% | -16.65% | 37.46% | 5.68% | 16.22% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 12.56% | 8.05% | 26.48% | 19.71% | -13.72% | 32.19% | 5.49% | 0.11% |
Correlation
The correlation between XZW0.DE and UETW.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2019 | 0.97 |
The correlation between XZW0.DE and UETW.DE has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
XZW0.DE vs. UETW.DE — Risk / Return Rank
XZW0.DE
UETW.DE
XZW0.DE vs. UETW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World ESG UCITS ETF 1C (XZW0.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.
| XZW0.DE | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.39 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 3.45 | -1.72 |
| Martin ratioReturn relative to average drawdown | 6.39 | 13.47 | -7.08 |
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Drawdowns
XZW0.DE vs. UETW.DE - Drawdown Comparison
The maximum XZW0.DE drawdown since its inception was -33.24%, roughly equal to the maximum UETW.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for XZW0.DE and UETW.DE.
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Drawdown Indicators
| XZW0.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.24% | -33.74% | +0.50% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -6.67% | -3.70% |
Max Drawdown (3Y)Largest decline over 3 years | -22.36% | -21.32% | -1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -22.36% | -21.32% | -1.04% |
Current DrawdownCurrent decline from peak | -1.11% | -0.51% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -6.52% | -4.96% | -1.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 1.71% | +1.10% |
Volatility
XZW0.DE vs. UETW.DE - Volatility Comparison
Xtrackers MSCI World ESG UCITS ETF 1C (XZW0.DE) has a higher volatility of 3.25% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.67%. This indicates that XZW0.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
| XZW0.DE | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 2.67% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 9.18% | 7.79% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.41% | 11.01% | +1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 14.03% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.02% | 16.54% | +2.48% |
XZW0.DE vs. UETW.DE - Expense Ratio Comparison
XZW0.DE has a 0.20% 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
XZW0.DE vs. UETW.DE - Dividend Comparison
Neither XZW0.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, XZW0.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.
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 0.20% for XZW0.DE.
XZW0.DE tracks MSCI World Low Carbon SRI Leaders, while UETW.DE tracks MSCI World. They also come from different issuers: Xtrackers and UBS. Their fees differ too: 0.20% for XZW0.DE and 0.10% for UETW.DE.
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