CW8U.L vs. ESP0.DE
CW8U.L (Amundi MSCI World UCITS USD) and ESP0.DE (VanEck Video Gaming and eSports UCITS ETF) are both exchange-traded funds - CW8U.L is a Global Equities fund tracking the MSCI ACWI NR USD, while ESP0.DE is a Technology Equities fund tracking the MarketVector Global Video Gaming and eSports ESG. Both are passively managed. Over the past 5 years, CW8U.L returned 11.24%/yr vs 5.81%/yr for ESP0.DE. A 0.67 correlation means they provide meaningful diversification when combined. CW8U.L charges 0.28%/yr vs 0.55%/yr for ESP0.DE.
Performance
CW8U.L vs. ESP0.DE - Performance Comparison
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Different Trading Currencies
CW8U.L is traded in USD, while ESP0.DE is traded in EUR. To make them comparable, the ESP0.DE 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 8.47% return, which is significantly higher than ESP0.DE's -15.66% return.
CW8U.L
- 1D
- 2.31%
- 1M
- -0.09%
- YTD
- 8.47%
- 6M
- 9.69%
- 1Y
- 23.59%
- 3Y*
- 19.24%
- 5Y*
- 11.24%
- 10Y*
- —
ESP0.DE
- 1D
- 0.69%
- 1M
- -2.95%
- YTD
- -15.66%
- 6M
- -16.04%
- 1Y
- -13.74%
- 3Y*
- 17.41%
- 5Y*
- 5.81%
- 10Y*
- —
CW8U.L vs. ESP0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CW8U.L Amundi MSCI World UCITS USD | 8.47% | 20.32% | 19.03% | 24.06% | -18.23% | 22.09% | 15.78% | 8.58% |
ESP0.DE VanEck Video Gaming and eSports UCITS ETF | -15.66% | 27.88% | 48.77% | 32.91% | -34.03% | -2.24% | 81.89% | 1.98% |
Correlation
The correlation between CW8U.L and ESP0.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 2019 | 0.67 |
The correlation between CW8U.L and ESP0.DE has been stable across timeframes, ranging from 0.58 to 0.68 - a consistent structural relationship.
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Return for Risk
CW8U.L vs. ESP0.DE — Risk / Return Rank
CW8U.L
ESP0.DE
CW8U.L vs. ESP0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World UCITS USD (CW8U.L) and VanEck Video Gaming and eSports UCITS ETF (ESP0.DE). 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.
| CW8U.L | ESP0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.65 | ||
| Sortino ratioReturn per unit of downside risk | +3.85 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.89 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | -0.50 | +3.20 |
| Martin ratioReturn relative to average drawdown | 11.32 | -0.87 | +12.19 |
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Drawdowns
CW8U.L vs. ESP0.DE - Drawdown Comparison
The maximum CW8U.L drawdown since its inception was -34.10%, smaller than the maximum ESP0.DE drawdown of -50.73%. Use the drawdown chart below to compare losses from any high point for CW8U.L and ESP0.DE.
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Drawdown Indicators
| CW8U.L | ESP0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.10% | -50.73% | +16.63% |
Max Drawdown (1Y)Largest decline over 1 year | -8.48% | -27.43% | +18.95% |
Max Drawdown (3Y)Largest decline over 3 years | -17.26% | -27.43% | +10.17% |
Max Drawdown (5Y)Largest decline over 5 years | -25.79% | -47.43% | +21.64% |
Current DrawdownCurrent decline from peak | -1.62% | -26.92% | +25.30% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -16.86% | +11.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 15.76% | -13.73% |
Volatility
CW8U.L vs. ESP0.DE - Volatility Comparison
The current volatility for Amundi MSCI World UCITS USD (CW8U.L) is 4.07%, while VanEck Video Gaming and eSports UCITS ETF (ESP0.DE) has a volatility of 4.35%. This indicates that CW8U.L experiences smaller price fluctuations and is considered to be less risky than ESP0.DE 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 | ESP0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 4.35% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 9.57% | 13.92% | -4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.18% | 17.86% | -5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.68% | 24.07% | -8.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 24.75% | -7.98% |
CW8U.L vs. ESP0.DE - Expense Ratio Comparison
CW8U.L has a 0.28% expense ratio, which is lower than ESP0.DE's 0.55% expense ratio.
Dividends
CW8U.L vs. ESP0.DE - Dividend Comparison
Neither CW8U.L nor ESP0.DE has paid dividends to shareholders.
Frequently Asked Questions
CW8U.L and ESP0.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CW8U.L is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CW8U.L is cheaper with a 0.28% expense ratio, compared with 0.55% for ESP0.DE.
CW8U.L is categorized as Global Equities, while ESP0.DE is Technology Equities. CW8U.L tracks MSCI ACWI NR USD, while ESP0.DE tracks MarketVector Global Video Gaming and eSports ESG. They also come from different issuers: Amundi and VanEck. Their fees differ too: 0.28% for CW8U.L and 0.55% for ESP0.DE.
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