CW8U.L vs. INDA

Last updated Jun 13, 2026

CW8U.L (Amundi MSCI World UCITS USD) and INDA (iShares MSCI India ETF) are both exchange-traded funds - CW8U.L is a Global Equities fund tracking the MSCI ACWI NR USD, while INDA is a Asia Pacific Equities fund tracking the MSCI India Index. Both are passively managed. Over the past 5 years, CW8U.L returned 11.24%/yr vs 2.79%/yr for INDA. At a 0.38 correlation, their price movements are largely independent. CW8U.L charges 0.28%/yr vs 0.69%/yr for INDA.

Performance

CW8U.L vs. INDA - Performance Comparison

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

Returns By Period

In the year-to-date period, CW8U.L achieves a 8.47% return, which is significantly higher than INDA's -10.58% 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*: —

INDA

• 1D: 1.13%
• 1M: -0.06%
• YTD: -10.58%
• 6M: -9.05%
• 1Y: -10.57%
• 3Y*: 4.51%
• 5Y*: 2.79%
• 10Y*: 7.09%

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

CW8U.L vs. INDA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CW8U.L Amundi MSCI World UCITS USD	8.47%	20.32%	19.03%	24.06%	-18.23%	22.09%	15.78%	28.00%	-9.23%
INDA iShares MSCI India ETF	-10.58%	2.68%	8.63%	17.16%	-8.94%	21.36%	14.83%	6.49%	-1.57%

Correlation

The correlation between CW8U.L and INDA is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Apr 26, 2018	0.38

CW8U.L vs. INDA - Sectors Allocation Comparison

Sectors	CW8U.L	INDA
Technology	28.3%	8.3%
Financial Services	15.7%	28.4%
Industrials	11.4%	10.3%
Consumer Cyclical	9.3%	12.5%
Communication Services	9.3%	4.7%
Healthcare	8.8%	6.2%
Consumer Defensive	5.2%	6.2%
Energy	4.2%	9.5%
Basic Materials	3.3%	8.0%
Utilities	2.7%	4.6%
Real Estate	1.9%	1.4%

Return for Risk

CW8U.L vs. INDA — 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: 65
CW8U.L Calmar Ratio Rank: 61
CW8U.L Martin Ratio Rank: 70

INDA

INDA Risk / Return Rank: 3
INDA Sharpe Ratio Rank: 3
INDA Sortino Ratio Rank: 3
INDA Omega Ratio Rank: 3
INDA Calmar Ratio Rank: 4
INDA Martin Ratio Rank: 2

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. INDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World UCITS USD (CW8U.L) and iShares MSCI India ETF (INDA). 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	INDA	Difference
Sharpe ratio: Return per unit of total volatility	1.88	-0.80	+2.69
Sortino ratio: Return per unit of downside risk	2.85	-1.10	+3.95
Omega ratio: Gain probability vs. loss probability	1.34	0.88	+0.47
Calmar ratio: Return relative to maximum drawdown	2.70	-0.63	+3.34
Martin ratio: Return relative to average drawdown	11.32	-1.46	+12.78

CW8U.L vs. INDA - Sharpe Ratio Comparison

The current CW8U.L Sharpe Ratio is 1.88, which is higher than the INDA Sharpe Ratio of -0.80. The chart below compares the historical Sharpe Ratios of CW8U.L and INDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CW8U.L vs. INDA - Drawdown Comparison

The maximum CW8U.L drawdown since its inception was -34.10%, smaller than the maximum INDA drawdown of -45.07%. Use the drawdown chart below to compare losses from any high point for CW8U.L and INDA.

Drawdown Indicators

	CW8U.L	INDA	Difference
Max Drawdown Largest peak-to-trough decline	-34.10%	-45.07%	+10.97%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-18.69%	+10.21%
Max Drawdown (3Y) Largest decline over 3 years	-17.26%	-22.72%	+5.46%
Max Drawdown (5Y) Largest decline over 5 years	-25.79%	-22.72%	-3.07%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.07%	—
Current Drawdown Current decline from peak	-1.62%	-17.77%	+16.15%
Average Drawdown Average peak-to-trough decline	-5.03%	-9.59%	+4.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	8.09%	-6.06%

Volatility

CW8U.L vs. INDA - Volatility Comparison

Amundi MSCI World UCITS USD (CW8U.L) and iShares MSCI India ETF (INDA) have volatilities of 4.07% and 4.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CW8U.L	INDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.07%	4.16%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	9.57%	12.77%	-3.20%
Volatility (1Y) Calculated over the trailing 1-year period	12.18%	14.79%	-2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.68%	15.40%	+0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.77%	21.11%	-4.34%

CW8U.L vs. INDA - Expense Ratio Comparison

CW8U.L has a 0.28% expense ratio, which is lower than INDA's 0.69% expense ratio.

Dividends

CW8U.L vs. INDA - Dividend Comparison

Neither CW8U.L nor INDA has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CW8U.L Amundi MSCI World UCITS USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
INDA iShares MSCI India ETF	0.00%	0.00%	0.76%	0.16%	0.00%	6.44%	0.27%	0.99%	0.94%	1.09%	0.90%	1.19%

Frequently Asked Questions

Can I hold both CW8U.L and INDA in my portfolio?

CW8U.L and INDA have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CW8U.L or INDA?

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.

Which ETF is cheaper, CW8U.L or INDA?

CW8U.L is cheaper with a 0.28% expense ratio, compared with 0.69% for INDA.

What is the main difference between CW8U.L and INDA?

CW8U.L is categorized as Global Equities, while INDA is Asia Pacific Equities. CW8U.L tracks MSCI ACWI NR USD, while INDA tracks MSCI India Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.28% for CW8U.L and 0.69% for INDA.