CB5.L vs. XMWX.L
CB5.L (Amundi ETF MSCI Europe Banks UCITS ETF) and XMWX.L (Xtrackers MSCI World ex USA UCITS ETF 1C) are both exchange-traded funds - CB5.L is a Financials Equities fund tracking the MSCI World/Financials NR USD, while XMWX.L is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Index. Both are passively managed. Over the past year, CB5.L returned 52.15% vs 29.53% for XMWX.L. A 0.52 correlation means they provide meaningful diversification when combined. CB5.L charges 0.25%/yr vs 0.15%/yr for XMWX.L.
Performance
CB5.L vs. XMWX.L - Performance Comparison
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Different Trading Currencies
CB5.L is traded in GBp, while XMWX.L is traded in USD. To make them comparable, the XMWX.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CB5.L achieves a 13.44% return, which is significantly higher than XMWX.L's 12.55% return.
CB5.L
- 1D
- -1.57%
- 1M
- 7.41%
- YTD
- 13.44%
- 6M
- 14.04%
- 1Y
- 52.15%
- 3Y*
- -9.02%
- 5Y*
- -1.78%
- 10Y*
- 1.59%
XMWX.L
- 1D
- 0.00%
- 1M
- 3.71%
- YTD
- 12.55%
- 6M
- 13.10%
- 1Y
- 29.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CB5.L vs. XMWX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CB5.L Amundi ETF MSCI Europe Banks UCITS ETF | 13.44% | 83.67% | 6.37% |
XMWX.L Xtrackers MSCI World ex USA UCITS ETF 1C | 12.55% | 14.39% | -20.44% |
Correlation
The correlation between CB5.L and XMWX.L is 0.56, 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 | 0.56 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2024 | 0.52 |
The correlation between CB5.L and XMWX.L has been stable across timeframes, ranging from 0.52 to 0.56 - a consistent structural relationship.
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Return for Risk
CB5.L vs. XMWX.L — Risk / Return Rank
CB5.L
XMWX.L
CB5.L vs. XMWX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF MSCI Europe Banks UCITS ETF (CB5.L) and Xtrackers MSCI World ex USA UCITS ETF 1C (XMWX.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.
| CB5.L | XMWX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 1.20 | +2.20 |
| Martin ratioReturn relative to average drawdown | 11.83 | 1.75 | +10.08 |
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Drawdowns
CB5.L vs. XMWX.L - Drawdown Comparison
The maximum CB5.L drawdown since its inception was -77.77%, which is greater than XMWX.L's maximum drawdown of -27.25%. Use the drawdown chart below to compare losses from any high point for CB5.L and XMWX.L.
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Drawdown Indicators
| CB5.L | XMWX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.77% | -27.25% | -50.52% |
Max Drawdown (1Y)Largest decline over 1 year | -15.26% | -24.56% | +9.30% |
Max Drawdown (3Y)Largest decline over 3 years | -77.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -77.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -77.77% | — | — |
Current DrawdownCurrent decline from peak | -47.17% | -14.03% | -33.14% |
Average DrawdownAverage peak-to-trough decline | -29.49% | -19.84% | -9.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.39% | 16.89% | -12.50% |
Volatility
CB5.L vs. XMWX.L - Volatility Comparison
Amundi ETF MSCI Europe Banks UCITS ETF (CB5.L) has a higher volatility of 6.26% compared to Xtrackers MSCI World ex USA UCITS ETF 1C (XMWX.L) at 3.43%. This indicates that CB5.L's price experiences larger fluctuations and is considered to be riskier than XMWX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CB5.L | XMWX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 3.43% | +2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 18.28% | 10.60% | +7.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.86% | 43.39% | -21.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.45% | 37.78% | +3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.08% | 37.78% | -3.70% |
CB5.L vs. XMWX.L - Expense Ratio Comparison
CB5.L has a 0.25% expense ratio, which is higher than XMWX.L's 0.15% 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
CB5.L vs. XMWX.L - Dividend Comparison
Neither CB5.L nor XMWX.L has paid dividends to shareholders.
Frequently Asked Questions
CB5.L and XMWX.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XMWX.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMWX.L is cheaper with a 0.15% expense ratio, compared with 0.25% for CB5.L.
CB5.L is categorized as Financials Equities, while XMWX.L is Foreign Large Cap Equities. CB5.L tracks MSCI World/Financials NR USD, while XMWX.L tracks MSCI World ex USA Index. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.25% for CB5.L and 0.15% for XMWX.L.
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