2B7S.DE vs. MWEQ.L
2B7S.DE (iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc) and MWEQ.L (Invesco MSCI World Equal Weight UCITS ETF Acc) are both exchange-traded funds - 2B7S.DE is a Government Bonds fund tracking the ICE US Treasury 1-3 Year (EUR Hedged) Index, while MWEQ.L is a Global Equities fund tracking the MSCI World Equal Weighted Net Total Return USD Index. Both are passively managed. Over the past year, 2B7S.DE returned 1.20% vs 18.73% for MWEQ.L. At a correlation of -0.02, they often move in opposite directions. 2B7S.DE charges 0.10%/yr vs 0.20%/yr for MWEQ.L.
Performance
2B7S.DE vs. MWEQ.L - Performance Comparison
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Different Trading Currencies
2B7S.DE is traded in EUR, while MWEQ.L is traded in USD. To make them comparable, the MWEQ.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 2B7S.DE achieves a -0.20% return, which is significantly lower than MWEQ.L's 11.90% return.
2B7S.DE
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 0.00%
- YTD
- -0.20%
- 1Y
- 1.20%
- 3Y*
- 2.41%
- 5Y*
- 0.04%
- 10Y*
- —
- ALL TIME*
- 0.00%
MWEQ.L
- 1D
- 0.00%
- 1M
- 1.53%
- 6M
- 8.71%
- YTD
- 11.90%
- 1Y
- 18.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.49%
2B7S.DE vs. MWEQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
2B7S.DE iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc | -0.20% | 3.04% | -0.00% |
MWEQ.L Invesco MSCI World Equal Weight UCITS ETF Acc | 11.90% | 7.49% | 7.12% |
Correlation
The correlation between 2B7S.DE and MWEQ.L is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024 | -0.02 |
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Return for Risk
2B7S.DE vs. MWEQ.L — Risk / Return Rank
2B7S.DE
MWEQ.L
2B7S.DE vs. MWEQ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) and Invesco MSCI World Equal Weight UCITS ETF Acc (MWEQ.L). 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.
| 2B7S.DE | MWEQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.28 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 3.01 | -1.80 |
| Martin ratioReturn relative to average drawdown | 2.85 | 11.21 | -8.36 |
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Drawdowns
2B7S.DE vs. MWEQ.L - Drawdown Comparison
The maximum 2B7S.DE drawdown since its inception was -7.68%, smaller than the maximum MWEQ.L drawdown of -16.80%. Use the drawdown chart below to compare losses from any high point for 2B7S.DE and MWEQ.L.
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Drawdown Indicators
| 2B7S.DE | MWEQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.68% | -16.80% | +9.12% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -6.22% | +5.24% |
Max Drawdown (3Y)Largest decline over 3 years | -1.03% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -7.50% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -0.82% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -2.32% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 1.67% | -1.25% |
Volatility
2B7S.DE vs. MWEQ.L - Volatility Comparison
The current volatility for iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) is 0.53%, while Invesco MSCI World Equal Weight UCITS ETF Acc (MWEQ.L) has a volatility of 2.91%. This indicates that 2B7S.DE experiences smaller price fluctuations and is considered to be less risky than MWEQ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2B7S.DE | MWEQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 2.91% | -2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 9.55% | -7.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 12.09% | -9.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.51% | 13.92% | -11.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.44% | 13.92% | -11.48% |
2B7S.DE vs. MWEQ.L - Expense Ratio Comparison
2B7S.DE has a 0.10% expense ratio, which is lower than MWEQ.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
2B7S.DE vs. MWEQ.L - Dividend Comparison
Neither 2B7S.DE nor MWEQ.L has paid dividends to shareholders.
Frequently Asked Questions
2B7S.DE and MWEQ.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2B7S.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B7S.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for MWEQ.L.
2B7S.DE is categorized as Government Bonds, while MWEQ.L is Global Equities. 2B7S.DE tracks ICE US Treasury 1-3 Year (EUR Hedged) Index, while MWEQ.L tracks MSCI World Equal Weighted Net Total Return USD Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.10% for 2B7S.DE and 0.20% for MWEQ.L.
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