AYEU.DE vs. MWOL.DE
AYEU.DE (iShares Smart City Infrastructure UCITS ETF USD (Acc)) and MWOL.DE (Amundi Prime Global UCITS ETF Dist) are both Global Equities funds - AYEU.DE tracks the STOXX Global Smart City Infrastructure Index while MWOL.DE tracks the Solactive GBS Developed Markets Large & Mid Cap USD Index Net TR. Both are passively managed. Over the past year, AYEU.DE returned 22.71% vs 24.08% for MWOL.DE. Their correlation of 0.84 suggests significant overlap in exposure. AYEU.DE charges 0.40%/yr vs 0.05%/yr for MWOL.DE.
Performance
AYEU.DE vs. MWOL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AYEU.DE achieves a 16.81% return, which is significantly higher than MWOL.DE's 12.09% return.
AYEU.DE
- 1D
- 1.09%
- 1M
- -3.25%
- 6M
- 16.81%
- YTD
- 16.81%
- 1Y
- 22.71%
- 3Y*
- 14.16%
- 5Y*
- 9.09%
- 10Y*
- —
MWOL.DE
- 1D
- 0.00%
- 1M
- 1.06%
- 6M
- 12.59%
- YTD
- 12.09%
- 1Y
- 24.08%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AYEU.DE vs. MWOL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AYEU.DE iShares Smart City Infrastructure UCITS ETF USD (Acc) | 16.81% | 7.18% | -2.89% |
MWOL.DE Amundi Prime Global UCITS ETF Dist | 12.09% | 8.53% | -1.28% |
Correlation
The correlation between AYEU.DE and MWOL.DE is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2024 | 0.84 |
The correlation between AYEU.DE and MWOL.DE has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.
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Return for Risk
AYEU.DE vs. MWOL.DE — Risk / Return Rank
AYEU.DE
MWOL.DE
AYEU.DE vs. MWOL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) and Amundi Prime Global UCITS ETF Dist (MWOL.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.
| AYEU.DE | MWOL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 3.67 | -0.85 |
| Martin ratioReturn relative to average drawdown | 9.05 | 14.62 | -5.56 |
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Drawdowns
AYEU.DE vs. MWOL.DE - Drawdown Comparison
The maximum AYEU.DE drawdown since its inception was -22.12%, roughly equal to the maximum MWOL.DE drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for AYEU.DE and MWOL.DE.
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Drawdown Indicators
| AYEU.DE | MWOL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.12% | -21.64% | -0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.00% | -6.58% | -1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -21.76% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | — | — |
Current DrawdownCurrent decline from peak | -3.25% | -0.51% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -3.57% | -2.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.65% | +0.85% |
Volatility
AYEU.DE vs. MWOL.DE - Volatility Comparison
iShares Smart City Infrastructure UCITS ETF USD (Acc) (AYEU.DE) has a higher volatility of 5.11% compared to Amundi Prime Global UCITS ETF Dist (MWOL.DE) at 3.23%. This indicates that AYEU.DE's price experiences larger fluctuations and is considered to be riskier than MWOL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYEU.DE | MWOL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.11% | 3.23% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 8.17% | +4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.03% | 11.50% | +4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 14.98% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 14.98% | +0.89% |
AYEU.DE vs. MWOL.DE - Expense Ratio Comparison
AYEU.DE has a 0.40% expense ratio, which is higher than MWOL.DE's 0.05% expense ratio.
Dividends
AYEU.DE vs. MWOL.DE - Dividend Comparison
AYEU.DE has not paid dividends to shareholders, while MWOL.DE's dividend yield for the trailing twelve months is around 1.18%.
| Position | TTM | 2025 |
|---|---|---|
AYEU.DE iShares Smart City Infrastructure UCITS ETF USD (Acc) | 0.00% | 0.00% |
MWOL.DE Amundi Prime Global UCITS ETF Dist | 1.18% | 1.67% |
Frequently Asked Questions
AYEU.DE and MWOL.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MWOL.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWOL.DE is cheaper with a 0.05% expense ratio, compared with 0.40% for AYEU.DE.
AYEU.DE tracks STOXX Global Smart City Infrastructure Index, while MWOL.DE tracks Solactive GBS Developed Markets Large & Mid Cap USD Index Net TR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.40% for AYEU.DE and 0.05% for MWOL.DE.
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