CW8U.L vs. CU31.L
CW8U.L (Amundi MSCI World UCITS USD) and CU31.L (iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)) are both exchange-traded funds - CW8U.L is a Global Equities fund tracking the MSCI ACWI NR USD, while CU31.L is a Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Both are passively managed. Over the past 5 years, CW8U.L returned 11.16%/yr vs 1.80%/yr for CU31.L. At a correlation of -0.21, they often move in opposite directions. CW8U.L charges 0.28%/yr vs 0.07%/yr for CU31.L.
Performance
CW8U.L vs. CU31.L - Performance Comparison
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Different Trading Currencies
CW8U.L is traded in USD, while CU31.L is traded in GBp. To make them comparable, the CU31.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CW8U.L achieves a 7.97% return, which is significantly higher than CU31.L's 0.28% return.
CW8U.L
- 1D
- -0.54%
- 1M
- 0.75%
- YTD
- 7.97%
- 6M
- 9.11%
- 1Y
- 23.28%
- 3Y*
- 19.80%
- 5Y*
- 11.16%
- 10Y*
- —
CU31.L
- 1D
- 0.33%
- 1M
- -0.24%
- YTD
- 0.28%
- 6M
- 0.75%
- 1Y
- 3.42%
- 3Y*
- 4.15%
- 5Y*
- 1.80%
- 10Y*
- 1.76%
CW8U.L vs. CU31.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CW8U.L Amundi MSCI World UCITS USD | 7.97% | 20.32% | 19.03% | 24.06% | -18.23% | 22.09% | 15.78% | 28.00% | -9.23% |
CU31.L iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.28% | 5.42% | 4.05% | 3.61% | -3.82% | -0.31% | 2.65% | 4.32% | 1.65% |
Correlation
The correlation between CW8U.L and CU31.L is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018 | -0.21 |
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Return for Risk
CW8U.L vs. CU31.L — Risk / Return Rank
CW8U.L
CU31.L
CW8U.L vs. CU31.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World UCITS USD (CW8U.L) and iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.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.
| CW8U.L | CU31.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.14 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.73 | 3.06 | -0.33 |
| Martin ratioReturn relative to average drawdown | 11.66 | 9.24 | +2.42 |
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
| CW8U.L | CU31.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.95 | 0.81 | +1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.12 | +0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.02 | +0.72 |
Drawdowns
CW8U.L vs. CU31.L - Drawdown Comparison
The maximum CW8U.L drawdown since its inception was -34.10%, which is greater than CU31.L's maximum drawdown of -19.55%. Use the drawdown chart below to compare losses from any high point for CW8U.L and CU31.L.
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Drawdown Indicators
| CW8U.L | CU31.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.10% | -19.55% | -14.55% |
Max Drawdown (1Y)Largest decline over 1 year | -8.48% | -1.11% | -7.37% |
Max Drawdown (3Y)Largest decline over 3 years | -17.26% | -19.55% | +2.29% |
Max Drawdown (5Y)Largest decline over 5 years | -25.79% | -19.55% | -6.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -19.55% | — |
Current DrawdownCurrent decline from peak | -2.07% | -10.21% | +8.14% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -4.09% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 0.37% | +1.62% |
Volatility
CW8U.L vs. CU31.L - Volatility Comparison
Amundi MSCI World UCITS USD (CW8U.L) has a higher volatility of 3.25% compared to iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) (CU31.L) at 1.40%. This indicates that CW8U.L's price experiences larger fluctuations and is considered to be riskier than CU31.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CW8U.L | CU31.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 1.40% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 9.18% | 3.40% | +5.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.89% | 4.19% | +7.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.64% | 14.87% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 11.15% | +5.62% |
CW8U.L vs. CU31.L - Expense Ratio Comparison
CW8U.L has a 0.28% expense ratio, which is higher than CU31.L's 0.07% expense ratio.
Dividends
CW8U.L vs. CU31.L - Dividend Comparison
Neither CW8U.L nor CU31.L has paid dividends to shareholders.
Frequently Asked Questions
CW8U.L and CU31.L have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CU31.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CU31.L is cheaper with a 0.07% expense ratio, compared with 0.28% for CW8U.L.
CW8U.L is categorized as Global Equities, while CU31.L is Government Bonds. CW8U.L tracks MSCI ACWI NR USD, while CU31.L tracks ICE US Treasury 1-3 Year Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.28% for CW8U.L and 0.07% for CU31.L.
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