CW8G.L vs. FEDF.L
CW8G.L (Amundi MSCI World UCITS USD) and FEDF.L (Amundi USD Fed Funds Rate UCITS ETF Acc) are both exchange-traded funds - CW8G.L is a Global Equities fund tracking the MSCI ACWI NR USD, while FEDF.L is a Money Market fund tracking the Solactive Fed Funds Effective Rate Total Return Index. Both are passively managed. Over the past 10 years, CW8G.L returned 13.68%/yr vs 3.04%/yr for FEDF.L. At a 0.23 correlation, their price movements are largely independent. CW8G.L charges 0.28%/yr vs 0.10%/yr for FEDF.L.
Performance
CW8G.L vs. FEDF.L - Performance Comparison
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Different Trading Currencies
CW8G.L is traded in GBp, while FEDF.L is traded in USD. To make them comparable, the FEDF.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CW8G.L achieves a 9.97% return, which is significantly higher than FEDF.L's 1.94% return. Over the past 10 years, CW8G.L has outperformed FEDF.L with an annualized return of 13.68%, while FEDF.L has yielded a comparatively lower 3.04% annualized return.
CW8G.L
- 1D
- 0.05%
- 1M
- 5.16%
- YTD
- 9.97%
- 6M
- 10.16%
- 1Y
- 26.81%
- 3Y*
- 17.37%
- 5Y*
- 12.80%
- 10Y*
- 13.68%
FEDF.L
- 1D
- 0.04%
- 1M
- 1.22%
- YTD
- 1.94%
- 6M
- 1.11%
- 1Y
- 4.92%
- 3Y*
- 2.07%
- 5Y*
- 4.65%
- 10Y*
- 3.04%
CW8G.L vs. FEDF.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CW8G.L Amundi MSCI World UCITS USD | 9.97% | 12.11% | 20.95% | 17.29% | -8.45% | 23.58% | 11.88% | 23.12% | -4.09% | 11.70% |
FEDF.L Amundi USD Fed Funds Rate UCITS ETF Acc | 1.94% | -3.17% | 7.07% | -0.16% | 13.68% | 0.92% | -2.67% | -1.76% | 7.77% | -7.80% |
Correlation
The correlation between CW8G.L and FEDF.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.23 |
The correlation between CW8G.L and FEDF.L shifts across timeframes, from 0.07 (5 years) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CW8G.L vs. FEDF.L — Risk / Return Rank
CW8G.L
FEDF.L
CW8G.L vs. FEDF.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World UCITS USD (CW8G.L) and Amundi USD Fed Funds Rate UCITS ETF Acc (FEDF.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.
| CW8G.L | FEDF.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.13 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 0.95 | +3.05 |
| Martin ratioReturn relative to average drawdown | 15.91 | 2.57 | +13.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CW8G.L | FEDF.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 0.74 | +2.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.55 | +0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 0.32 | +0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.37 | +0.62 |
Drawdowns
CW8G.L vs. FEDF.L - Drawdown Comparison
The maximum CW8G.L drawdown since its inception was -25.60%, which is greater than FEDF.L's maximum drawdown of -19.27%. Use the drawdown chart below to compare losses from any high point for CW8G.L and FEDF.L.
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Drawdown Indicators
| CW8G.L | FEDF.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.60% | -19.27% | -6.33% |
Max Drawdown (1Y)Largest decline over 1 year | -6.67% | -5.17% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -18.88% | -9.85% | -9.03% |
Max Drawdown (5Y)Largest decline over 5 years | -18.88% | -15.75% | -3.13% |
Max Drawdown (10Y)Largest decline over 10 years | -25.60% | -19.27% | -6.33% |
Current DrawdownCurrent decline from peak | -0.15% | -5.89% | +5.74% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -7.85% | +4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 1.91% | -0.23% |
Volatility
CW8G.L vs. FEDF.L - Volatility Comparison
Amundi MSCI World UCITS USD (CW8G.L) has a higher volatility of 2.55% compared to Amundi USD Fed Funds Rate UCITS ETF Acc (FEDF.L) at 1.78%. This indicates that CW8G.L's price experiences larger fluctuations and is considered to be riskier than FEDF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CW8G.L | FEDF.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 1.78% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 7.27% | 4.98% | +2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.75% | 6.62% | +3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.21% | 8.49% | +4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 9.50% | +4.95% |
CW8G.L vs. FEDF.L - Expense Ratio Comparison
CW8G.L has a 0.28% expense ratio, which is higher than FEDF.L's 0.10% expense ratio.
Dividends
CW8G.L vs. FEDF.L - Dividend Comparison
Neither CW8G.L nor FEDF.L has paid dividends to shareholders.
Frequently Asked Questions
CW8G.L and FEDF.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FEDF.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FEDF.L is cheaper with a 0.10% expense ratio, compared with 0.28% for CW8G.L.
CW8G.L is categorized as Global Equities, while FEDF.L is Money Market. CW8G.L tracks MSCI ACWI NR USD, while FEDF.L tracks Solactive Fed Funds Effective Rate Total Return Index. Their fees differ too: 0.28% for CW8G.L and 0.10% for FEDF.L.
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