BYBG.L vs. MWRD.L

Last updated Jun 5, 2026

BYBG.L (Amundi S&P 500 Buyback ETF-C USD) and MWRD.L (Amundi Index MSCI World) are both exchange-traded funds - BYBG.L is a S&P 500 fund tracking the S&P 500 Buyback NTR, while MWRD.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. A 0.72 correlation means they provide meaningful diversification when combined. BYBG.L charges 0.15%/yr vs 0.08%/yr for MWRD.L.

Performance

BYBG.L vs. MWRD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi S&P 500 Buyback ETF-C USD (BYBG.L) and Amundi Index MSCI World (MWRD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BYBG.L

• 1D: 0.96%
• 1M: 5.70%
• YTD: 8.46%
• 6M: 9.28%
• 1Y: 23.82%
• 3Y*: 15.56%
• 5Y*: 11.34%
• 10Y*: 13.89%

MWRD.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BYBG.L Amundi S&P 500 Buyback ETF-C USD	8.46%	9.41%	15.83%	9.58%	-1.29%	35.95%	1.99%	26.54%	-3.60%	8.95%
MWRD.L Amundi Index MSCI World	0.00%	0.00%	-1.27%	17.50%	-9.18%	24.39%	11.85%	23.29%	-4.10%	6.52%

Correlation

The correlation between BYBG.L and MWRD.L is 0.72, 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	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jun 30, 2017	0.72

The correlation between BYBG.L and MWRD.L shifts across timeframes, from 0.30 (3 years) to 0.72 (all time), reflecting how their relationship changes across market environments.

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

Sectors	BYBG.L	MWRD.L
Financial Services	27.9%	14.7%
Technology	22.4%	24.7%
Consumer Cyclical	15.8%	10.5%
Industrials	9.0%	10.6%
Healthcare	7.5%	12.4%
Energy	5.2%	4.4%
Communication Services	4.6%	7.5%
Consumer Defensive	3.7%	6.7%
Basic Materials	3.1%	3.8%
Utilities	0.9%	2.4%
Real Estate	-	2.4%

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BYBG.L

BYBG.L Risk / Return Rank: 71
BYBG.L Sharpe Ratio Rank: 66
BYBG.L Sortino Ratio Rank: 65
BYBG.L Omega Ratio Rank: 63
BYBG.L Calmar Ratio Rank: 87
BYBG.L Martin Ratio Rank: 74

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.

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

This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 Buyback ETF-C USD (BYBG.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.

	BYBG.L	MWRD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.15	—	—
Sortino ratio: Return per unit of downside risk	2.99	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	4.88	—	—
Martin ratio: Return relative to average drawdown	13.84	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BYBG.L	MWRD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	—	—

Drawdowns

Drawdown Indicators

	BYBG.L	MWRD.L	Difference
Max Drawdown Largest peak-to-trough decline	-35.57%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-4.86%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.63%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.63%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.57%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-4.68%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	—	—

Volatility

Volatility by Period

	BYBG.L	MWRD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.02%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.15%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.02%	—	—

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

BYBG.L has a 0.15% 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

BYBG.L vs. MWRD.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BYBG.L and MWRD.L in my portfolio?

BYBG.L and MWRD.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BYBG.L or MWRD.L?

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.

Which ETF is cheaper, BYBG.L or MWRD.L?

MWRD.L is cheaper with a 0.08% expense ratio, compared with 0.15% for BYBG.L.

What is the main difference between BYBG.L and MWRD.L?

BYBG.L is categorized as S&P 500, while MWRD.L is Global Equities. BYBG.L tracks S&P 500 Buyback NTR, while MWRD.L tracks MSCI ACWI NR USD. Their fees differ too: 0.15% for BYBG.L and 0.08% for MWRD.L.