CW8U.L vs. GC=F

Last updated Jun 9, 2026

CW8U.L (Amundi MSCI World UCITS USD) is Global Equities fund tracking the MSCI ACWI NR USD, while GC=F (Gold Futures) is an asset. At a correlation of -0.04, they often move in opposite directions.

Performance

CW8U.L vs. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amundi MSCI World UCITS USD (CW8U.L) and Gold Futures (GC=F). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CW8U.L

• 1D: -0.54%
• 1M: 0.75%
• YTD: 7.97%
• 6M: 9.11%
• 1Y: 23.28%
• 3Y*: 19.80%
• 5Y*: 11.16%
• 10Y*: —

GC=F

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CW8U.L vs. GC=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CW8U.L Amundi MSCI World UCITS USD	7.97%	20.32%	19.03%	24.06%	-11.16%
GC=F Gold Futures	0.00%	0.00%	0.00%	0.00%	5.84%

Correlation

The correlation between CW8U.L and GC=F is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	-0.04

Return for Risk

CW8U.L vs. GC=F — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CW8U.L

CW8U.L Risk / Return Rank: 67
CW8U.L Sharpe Ratio Rank: 66
CW8U.L Sortino Ratio Rank: 73
CW8U.L Omega Ratio Rank: 66
CW8U.L Calmar Ratio Rank: 61
CW8U.L Martin Ratio Rank: 70

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.

CW8U.L vs. GC=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World UCITS USD (CW8U.L) and Gold Futures (GC=F). 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	GC=F	Difference
Sharpe ratio: Return per unit of total volatility	1.95	—	—
Sortino ratio: Return per unit of downside risk	2.93	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.73	—	—
Martin ratio: Return relative to average drawdown	11.66	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CW8U.L	GC=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.95	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	—	—

Drawdowns

Drawdown Indicators

	CW8U.L	GC=F	Difference
Max Drawdown Largest peak-to-trough decline	-34.10%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.79%	—	—
Current Drawdown Current decline from peak	-2.07%	—	—
Average Drawdown Average peak-to-trough decline	-5.04%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.99%	—	—

Volatility

Volatility by Period

	CW8U.L	GC=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.89%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.64%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.77%	—	—

Frequently Asked Questions

Can I hold both CW8U.L and GC=F in my portfolio?

CW8U.L and GC=F have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.