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ACWD.L vs. MWRD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ACWD.L vs. MWRD.L

Last updated Jun 4, 2026

ACWD.L (SPDR MSCI All Country World UCITS ETF) and MWRD.L (Amundi Index MSCI World) are both Global Equities funds - ACWD.L tracks the MSCI ACWI Index while MWRD.L tracks the MSCI ACWI NR USD. Both are passively managed. A 0.74 correlation means they provide meaningful diversification when combined. ACWD.L charges 0.12%/yr vs 0.08%/yr for MWRD.L.

Performance

ACWD.L vs. MWRD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR MSCI All Country World UCITS ETF (ACWD.L) and Amundi Index MSCI World (MWRD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ACWD.L is traded in USD, while MWRD.L is traded in GBp. To make them comparable, the MWRD.L values have been converted to USD using the latest available exchange rates.

Returns By Period

ACWD.L

1D
-0.66%
1M
4.34%
YTD
11.57%
6M
13.24%
1Y
29.71%
3Y*
21.32%
5Y*
11.33%
10Y*
12.77%

MWRD.L

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

ACWD.L vs. MWRD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ACWD.L
SPDR MSCI All Country World UCITS ETF		11.57%22.83%17.76%22.27%-18.37%18.77%15.91%25.80%-9.85%11.91%
MWRD.L
Amundi Index MSCI World		0.00%0.00%-1.64%23.69%-18.69%22.97%15.27%28.71%-9.87%10.61%

Correlation

The correlation between ACWD.L and MWRD.L is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (3Y)
Calculated over the trailing 3-year period

0.32

Correlation (5Y)
Calculated over the trailing 5-year period

0.64

Correlation (All Time)
Calculated using the full available price history since Jun 30, 2017

0.74

The correlation between ACWD.L and MWRD.L shifts across timeframes, from 0.32 (3 years) to 0.74 (all time), reflecting how their relationship changes across market environments.

ACWD.L vs. MWRD.L - Sectors Allocation Comparison

Sectors
ACWD.L
MWRD.L

Technology

29.2%
24.7%

Financial Services

16.5%
14.7%

Industrials

10.9%
10.6%

Consumer Cyclical

9.3%
10.5%

Communication Services

9.0%
7.5%

Healthcare

8.0%
12.4%

Consumer Defensive

4.9%
6.7%

Energy

4.3%
4.4%

Basic Materials

3.6%
3.8%

Utilities

2.7%
2.4%

Real Estate

1.7%
2.4%

Technology

ACWD.L
29.2%
MWRD.L
24.7%

Financial Services

ACWD.L
16.5%
MWRD.L
14.7%

Industrials

ACWD.L
10.9%
MWRD.L
10.6%

Consumer Cyclical

ACWD.L
9.3%
MWRD.L
10.5%

Communication Services

ACWD.L
9.0%
MWRD.L
7.5%

Healthcare

ACWD.L
8.0%
MWRD.L
12.4%

Consumer Defensive

ACWD.L
4.9%
MWRD.L
6.7%

Energy

ACWD.L
4.3%
MWRD.L
4.4%

Basic Materials

ACWD.L
3.6%
MWRD.L
3.8%

Utilities

ACWD.L
2.7%
MWRD.L
2.4%

Real Estate

ACWD.L
1.7%
MWRD.L
2.4%

Compare stocks, funds, or ETFs

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SPDR MSCI All Country World UCITS ETF

Amundi Index MSCI World

Often compared with ACWD.L:
ACWD.L vs. VWRA.LACWD.L vs. ACWIACWD.L vs. SWRD.LACWD.L vs. IWDA.LACWD.L vs. FWRA.LACWD.L vs. WEBN.DEACWD.L vs. IWQU.L
Often compared with MWRD.L:
MWRD.L vs. BRK-BMWRD.L vs. IWDA.ASMWRD.L vs. URTHMWRD.L vs. SWDA.LMWRD.L vs. JEPIMWRD.L vs. ACWIMWRD.L vs. 36BZ.DE

Return for Risk

ACWD.L vs. MWRD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ACWD.L
ACWD.L Risk / Return Rank: 7272
Overall Rank
ACWD.L Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
ACWD.L Sortino Ratio Rank: 7676
Sortino Ratio Rank
ACWD.L Omega Ratio Rank: 7171
Omega Ratio Rank
ACWD.L Calmar Ratio Rank: 6767
Calmar Ratio Rank
ACWD.L Martin Ratio Rank: 7373
Martin Ratio Rank
MWRD.L
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.

ACWD.L vs. MWRD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI All Country World UCITS ETF (ACWD.L) and Amundi Index MSCI World (MWRD.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.

ACWD.LMWRD.LDifference
Sharpe ratioReturn per unit of total volatility
2.36

—

—

Sortino ratioReturn per unit of downside risk
3.49

—

—

Omega ratioGain probability vs. loss probability

1.44

—

—

Calmar ratioReturn relative to maximum drawdown

3.39

—

—

Martin ratioReturn relative to average drawdown

14.15

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACWD.L vs. MWRD.L - Sharpe Ratio Comparison

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Sharpe Ratios by Period

ACWD.LMWRD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.36

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.80

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

—

—

Drawdowns

ACWD.L vs. MWRD.L - Drawdown Comparison

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Drawdown Indicators

ACWD.LMWRD.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.64%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-8.73%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-16.51%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-26.18%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-33.64%

—

—

Current Drawdown

Current decline from peak

-0.66%

—

—

Average Drawdown

Average peak-to-trough decline

-4.67%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.09%

—

—

Volatility

ACWD.L vs. MWRD.L - Volatility Comparison

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Volatility by Period

ACWD.LMWRD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.87%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

9.89%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

12.56%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.58%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.85%

—

—

ACWD.L vs. MWRD.L - Expense Ratio Comparison

ACWD.L has a 0.12% expense ratio, which is higher than MWRD.L's 0.08% 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

ACWD.L vs. MWRD.L - Dividend Comparison

Neither ACWD.L nor MWRD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

ACWD.L and MWRD.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, MWRD.L is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MWRD.L is cheaper with a 0.08% expense ratio, compared with 0.12% for ACWD.L.

ACWD.L tracks MSCI ACWI Index, while MWRD.L tracks MSCI ACWI NR USD. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.12% for ACWD.L and 0.08% for MWRD.L.

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