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

CNAA.L vs. MWRD.L

Last updated Jun 5, 2026

CNAA.L (Lyxor Fortune SG UCITS MSCI China A DR) and MWRD.L (Amundi Index MSCI World) are both exchange-traded funds - CNAA.L is a China Equities fund tracking the MSCI China A Onshore NR CNY, while MWRD.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. At a 0.38 correlation, their price movements are largely independent. CNAA.L charges 0.35%/yr vs 0.08%/yr for MWRD.L.

Performance

CNAA.L vs. MWRD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lyxor Fortune SG UCITS MSCI China A DR (CNAA.L) and Amundi Index MSCI World (MWRD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CNAA.L is traded in USD, while MWRD.L is traded in GBp. To make them comparable, the MWRD.L values have been converted to USD using the latest available exchange rates.

Returns By Period

CNAA.L

1D
-0.64%
1M
-0.71%
YTD
8.87%
6M
11.68%
1Y
35.54%
3Y*
11.42%
5Y*
-1.13%
10Y*
5.10%

MWRD.L

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

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

2026 (YTD)202520242023202220212020201920182017
CNAA.L
Lyxor Fortune SG UCITS MSCI China A DR		8.87%26.13%10.92%-14.20%-25.98%3.21%42.77%36.87%-30.39%12.19%
MWRD.L
Amundi Index MSCI World		0.00%0.00%-1.64%23.69%-18.69%22.97%15.27%28.71%-9.87%10.61%

Correlation

The correlation between CNAA.L and MWRD.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (3Y)
Calculated over the trailing 3-year period

0.15

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

0.28

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

0.38

The correlation between CNAA.L and MWRD.L shifts across timeframes, from 0.15 (3 years) to 0.38 (all time), reflecting how their relationship changes across market environments.

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

Sectors
CNAA.L
MWRD.L

Technology

27.2%
24.7%

Financial Services

18.8%
14.7%

Industrials

15.7%
10.6%

Basic Materials

12.4%
3.8%

Consumer Defensive

7.4%
6.7%

Consumer Cyclical

5.6%
10.5%

Healthcare

4.3%
12.4%

Energy

3.4%
4.4%

Utilities

3.2%
2.4%

Communication Services

1.4%
7.5%

Real Estate

0.6%
2.4%

Technology

CNAA.L
27.2%
MWRD.L
24.7%

Financial Services

CNAA.L
18.8%
MWRD.L
14.7%

Industrials

CNAA.L
15.7%
MWRD.L
10.6%

Basic Materials

CNAA.L
12.4%
MWRD.L
3.8%

Consumer Defensive

CNAA.L
7.4%
MWRD.L
6.7%

Consumer Cyclical

CNAA.L
5.6%
MWRD.L
10.5%

Healthcare

CNAA.L
4.3%
MWRD.L
12.4%

Energy

CNAA.L
3.4%
MWRD.L
4.4%

Utilities

CNAA.L
3.2%
MWRD.L
2.4%

Communication Services

CNAA.L
1.4%
MWRD.L
7.5%

Real Estate

CNAA.L
0.6%
MWRD.L
2.4%

Compare stocks, funds, or ETFs

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Lyxor Fortune SG UCITS MSCI China A DR

Amundi Index MSCI World

Often compared with CNAA.L:
CNAA.L vs. LCCN.LCNAA.L vs. C500.LCNAA.L vs. ANXU.LCNAA.L vs. JRCD.LCNAA.L vs. FLXC.LCNAA.L vs. CA3S.LCNAA.L vs. FRCH.L
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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CNAA.L
CNAA.L Risk / Return Rank: 7272
Overall Rank
CNAA.L Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
CNAA.L Sortino Ratio Rank: 6666
Sortino Ratio Rank
CNAA.L Omega Ratio Rank: 6565
Omega Ratio Rank
CNAA.L Calmar Ratio Rank: 8787
Calmar Ratio Rank
CNAA.L Martin Ratio Rank: 7676
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.

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

This table presents a comparison of risk-adjusted performance metrics for Lyxor Fortune SG UCITS MSCI China A DR (CNAA.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.

CNAA.LMWRD.LDifference
Sharpe ratioReturn per unit of total volatility
2.15

—

—

Sortino ratioReturn per unit of downside risk
3.00

—

—

Omega ratioGain probability vs. loss probability

1.38

—

—

Calmar ratioReturn relative to maximum drawdown

4.81

—

—

Martin ratioReturn relative to average drawdown

14.29

—

—

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

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

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Sharpe Ratios by Period

CNAA.LMWRD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.15

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.05

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.23

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.22

—

—

Drawdowns

CNAA.L vs. MWRD.L - Drawdown Comparison

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Drawdown Indicators

CNAA.LMWRD.LDifference

Max Drawdown

Largest peak-to-trough decline

-56.07%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-7.51%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-28.67%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-44.55%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-49.66%

—

—

Current Drawdown

Current decline from peak

-14.27%

—

—

Average Drawdown

Average peak-to-trough decline

-33.05%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.53%

—

—

Volatility

CNAA.L vs. MWRD.L - Volatility Comparison

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Volatility by Period

CNAA.LMWRD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.38%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

11.91%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

16.80%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.47%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.50%

—

—

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

CNAA.L has a 0.35% expense ratio, which is higher than MWRD.L's 0.08% expense ratio.

Dividends

CNAA.L vs. MWRD.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

CNAA.L and MWRD.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

MWRD.L is cheaper with a 0.08% expense ratio, compared with 0.35% for CNAA.L.

CNAA.L is categorized as China Equities, while MWRD.L is Global Equities. CNAA.L tracks MSCI China A Onshore NR CNY, while MWRD.L tracks MSCI ACWI NR USD. Their fees differ too: 0.35% for CNAA.L and 0.08% for MWRD.L.

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