AHYQ.DE vs. PSWD.DE
AHYQ.DE (Amundi MSCI World III UCITS ETF Dist) and PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) are both Global Equities funds - AHYQ.DE tracks the MSCI World while PSWD.DE tracks the FTSE RAFI All-World 3000. Both are passively managed. Over the past 10 years, AHYQ.DE returned 11.90%/yr vs 11.86%/yr for PSWD.DE. Their correlation of 0.83 suggests significant overlap in exposure. AHYQ.DE charges 0.20%/yr vs 0.39%/yr for PSWD.DE.
Performance
AHYQ.DE vs. PSWD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AHYQ.DE achieves a 10.93% return, which is significantly lower than PSWD.DE's 16.46% return. Both investments have delivered pretty close results over the past 10 years, with AHYQ.DE having a 11.90% annualized return and PSWD.DE not far behind at 11.86%.
AHYQ.DE
- 1D
- -0.03%
- 1M
- 3.77%
- YTD
- 10.93%
- 6M
- 10.78%
- 1Y
- 23.61%
- 3Y*
- 17.53%
- 5Y*
- 12.23%
- 10Y*
- 11.90%
PSWD.DE
- 1D
- -0.19%
- 1M
- 3.52%
- YTD
- 16.46%
- 6M
- 17.38%
- 1Y
- 33.03%
- 3Y*
- 18.93%
- 5Y*
- 13.34%
- 10Y*
- 11.86%
AHYQ.DE vs. PSWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AHYQ.DE Amundi MSCI World III UCITS ETF Dist | 10.93% | 7.92% | 25.91% | 20.09% | -15.16% | 31.20% | 3.93% | 28.92% | -6.66% | 7.63% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 16.46% | 14.64% | 17.68% | 12.73% | -3.63% | 31.90% | -3.90% | 26.32% | -9.60% | 5.60% |
Correlation
The correlation between AHYQ.DE and PSWD.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2014 | 0.83 |
The correlation between AHYQ.DE and PSWD.DE has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.
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Return for Risk
AHYQ.DE vs. PSWD.DE — Risk / Return Rank
AHYQ.DE
PSWD.DE
AHYQ.DE vs. PSWD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World III UCITS ETF Dist (AHYQ.DE) and Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.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.
| AHYQ.DE | PSWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.58 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 5.56 | -1.98 |
| Martin ratioReturn relative to average drawdown | 14.39 | 22.39 | -8.00 |
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
| AHYQ.DE | PSWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 3.10 | -1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 1.00 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.80 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.68 | +0.13 |
Drawdowns
AHYQ.DE vs. PSWD.DE - Drawdown Comparison
The maximum AHYQ.DE drawdown since its inception was -33.70%, smaller than the maximum PSWD.DE drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for AHYQ.DE and PSWD.DE.
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Drawdown Indicators
| AHYQ.DE | PSWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.70% | -36.39% | +2.69% |
Max Drawdown (1Y)Largest decline over 1 year | -6.60% | -5.89% | -0.71% |
Max Drawdown (3Y)Largest decline over 3 years | -21.77% | -18.19% | -3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -21.77% | -18.19% | -3.58% |
Max Drawdown (10Y)Largest decline over 10 years | -33.70% | -36.39% | +2.69% |
Current DrawdownCurrent decline from peak | -0.37% | -0.31% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -4.49% | -4.65% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.46% | +0.19% |
Volatility
AHYQ.DE vs. PSWD.DE - Volatility Comparison
The current volatility for Amundi MSCI World III UCITS ETF Dist (AHYQ.DE) is 2.64%, while Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) has a volatility of 3.08%. This indicates that AHYQ.DE experiences smaller price fluctuations and is considered to be less risky than PSWD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AHYQ.DE | PSWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 3.08% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 7.77% | 7.86% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.28% | 10.54% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.33% | 13.16% | +1.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.29% | 15.19% | +0.10% |
AHYQ.DE vs. PSWD.DE - Expense Ratio Comparison
AHYQ.DE has a 0.20% expense ratio, which is lower than PSWD.DE's 0.39% expense ratio.
Dividends
AHYQ.DE vs. PSWD.DE - Dividend Comparison
AHYQ.DE's dividend yield for the trailing twelve months is around 1.06%, less than PSWD.DE's 1.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AHYQ.DE Amundi MSCI World III UCITS ETF Dist | 1.06% | 1.18% | 1.65% | 1.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 1.75% | 2.03% | 2.27% | 2.48% | 2.66% | 1.92% | 1.98% | 2.37% | 2.56% | 2.06% | 1.97% | 2.02% |
Frequently Asked Questions
AHYQ.DE and PSWD.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AHYQ.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AHYQ.DE is cheaper with a 0.20% expense ratio, compared with 0.39% for PSWD.DE.
AHYQ.DE tracks MSCI World, while PSWD.DE tracks FTSE RAFI All-World 3000. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.20% for AHYQ.DE and 0.39% for PSWD.DE.
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