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

CEUR.L vs. MWRD.L

Last updated Jun 5, 2026

CEUR.L (Amundi MSCI Europe) and MWRD.L (Amundi Index MSCI World) are both exchange-traded funds - CEUR.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while MWRD.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined. CEUR.L charges 0.05%/yr vs 0.08%/yr for MWRD.L.

Performance

CEUR.L vs. MWRD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi MSCI Europe (CEUR.L) and Amundi Index MSCI World (MWRD.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

CEUR.L

1D
0.46%
1M
3.94%
YTD
6.66%
6M
8.98%
1Y
19.26%
3Y*
13.68%
5Y*
9.47%
10Y*
9.88%

MWRD.L

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

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

2026 (YTD)202520242023202220212020201920182017
CEUR.L
Amundi MSCI Europe		6.66%24.46%4.90%12.93%-5.96%17.02%2.29%19.59%-9.49%4.04%
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 CEUR.L and MWRD.L is 0.70, 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

0.26

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

0.52

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

0.70

The correlation between CEUR.L and MWRD.L shifts across timeframes, from 0.26 (3 years) to 0.70 (all time), reflecting how their relationship changes across market environments.

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

Sectors
CEUR.L
MWRD.L

Financial Services

25.1%
14.7%

Industrials

19.8%
10.6%

Healthcare

13.8%
12.4%

Technology

10.4%
24.7%

Consumer Defensive

7.2%
6.7%

Consumer Cyclical

6.2%
10.5%

Utilities

5.3%
2.4%

Basic Materials

3.8%
3.8%

Energy

3.5%
4.4%

Communication Services

3.4%
7.5%

Real Estate

1.7%
2.4%

Financial Services

CEUR.L
25.1%
MWRD.L
14.7%

Industrials

CEUR.L
19.8%
MWRD.L
10.6%

Healthcare

CEUR.L
13.8%
MWRD.L
12.4%

Technology

CEUR.L
10.4%
MWRD.L
24.7%

Consumer Defensive

CEUR.L
7.2%
MWRD.L
6.7%

Consumer Cyclical

CEUR.L
6.2%
MWRD.L
10.5%

Utilities

CEUR.L
5.3%
MWRD.L
2.4%

Basic Materials

CEUR.L
3.8%
MWRD.L
3.8%

Energy

CEUR.L
3.5%
MWRD.L
4.4%

Communication Services

CEUR.L
3.4%
MWRD.L
7.5%

Real Estate

CEUR.L
1.7%
MWRD.L
2.4%

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Amundi MSCI Europe

Amundi Index MSCI World

Often compared with CEUR.L:
CEUR.L vs. DTLA.LCEUR.L vs. XS7R.LCEUR.L vs. XDWT.LCEUR.L vs. URTHCEUR.L vs. VERX.LCEUR.L vs. QQQCEUR.L vs. SPY
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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CEUR.L
CEUR.L Risk / Return Rank: 4242
Overall Rank
CEUR.L Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
CEUR.L Sortino Ratio Rank: 4545
Sortino Ratio Rank
CEUR.L Omega Ratio Rank: 4747
Omega Ratio Rank
CEUR.L Calmar Ratio Rank: 3636
Calmar Ratio Rank
CEUR.L Martin Ratio Rank: 3939
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.

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

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe (CEUR.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.

CEUR.LMWRD.LDifference
Sharpe ratioReturn per unit of total volatility
1.54

—

—

Sortino ratioReturn per unit of downside risk
2.18

—

—

Omega ratioGain probability vs. loss probability

1.29

—

—

Calmar ratioReturn relative to maximum drawdown

1.74

—

—

Martin ratioReturn relative to average drawdown

6.06

—

—

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

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

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Sharpe Ratios by Period

CEUR.LMWRD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.54

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.68

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.66

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.56

—

—

Drawdowns

CEUR.L vs. MWRD.L - Drawdown Comparison

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Drawdown Indicators

CEUR.LMWRD.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.63%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-11.05%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-12.66%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-17.85%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-28.63%

—

—

Current Drawdown

Current decline from peak

-1.52%

—

—

Average Drawdown

Average peak-to-trough decline

-4.58%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.17%

—

—

Volatility

CEUR.L vs. MWRD.L - Volatility Comparison

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Volatility by Period

CEUR.LMWRD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.25%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

10.53%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

12.44%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.88%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.97%

—

—

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

CEUR.L has a 0.05% expense ratio, which is lower than MWRD.L's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

CEUR.L vs. MWRD.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

CEUR.L and MWRD.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CEUR.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CEUR.L is cheaper with a 0.05% expense ratio, compared with 0.08% for MWRD.L.

CEUR.L is categorized as Europe Equities, while MWRD.L is Global Equities. CEUR.L tracks MSCI Europe NR EUR, while MWRD.L tracks MSCI ACWI NR USD. Their fees differ too: 0.05% for CEUR.L and 0.08% for MWRD.L.

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