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CW8U.L vs. PAF.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CW8U.L vs. PAF.L

Last updated Jun 13, 2026

CW8U.L (Amundi MSCI World UCITS USD) is Global Equities fund tracking the MSCI ACWI NR USD, while PAF.L (Pan African Resources plc) is a stock. Over the past 5 years, CW8U.L returned 11.24%/yr vs 45.23%/yr for PAF.L. At a 0.17 correlation, their price movements are largely independent.

Performance

CW8U.L vs. PAF.L - Performance Comparison

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

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Different Trading Currencies

CW8U.L is traded in USD, while PAF.L is traded in GBp. To make them comparable, the PAF.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 8.47% return, which is significantly higher than PAF.L's -10.01% 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*
—

PAF.L

1D
5.45%
1M
-27.78%
YTD
-10.01%
6M
-1.41%
1Y
128.87%
3Y*
112.79%
5Y*
45.23%
10Y*
23.78%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CW8U.L vs. PAF.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
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%
PAF.L
Pan African Resources plc		-10.01%285.04%105.84%11.99%-6.99%-26.45%109.18%46.45%4.84%

Correlation

The correlation between CW8U.L and PAF.L is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

Correlation (5Y)
Calculated over the trailing 5-year period

0.24

Correlation (All Time)
Calculated using the full available price history since Apr 26, 2018

0.17

The correlation between CW8U.L and PAF.L shifts across timeframes, from 0.17 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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Amundi MSCI World UCITS USD

Pan African Resources plc

Often compared with CW8U.L:
CW8U.L vs. PE500.PACW8U.L vs. EUNL.DECW8U.L vs. ACWICW8U.L vs. ^SP500TRCW8U.L vs. VXUSCW8U.L vs. BRK-BCW8U.L vs. SPY
Often compared with PAF.L:
PAF.L vs. WAF.AXPAF.L vs. 100D.LPAF.L vs. ESP0.DEPAF.L vs. NUKL.DEPAF.L vs. 2FE.DEPAF.L vs. EZAPAF.L vs. FLIN

Return for Risk

CW8U.L vs. PAF.L — 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: 6767
Overall Rank
CW8U.L Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
CW8U.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
CW8U.L Omega Ratio Rank: 6565
Omega Ratio Rank
CW8U.L Calmar Ratio Rank: 6161
Calmar Ratio Rank
CW8U.L Martin Ratio Rank: 7070
Martin Ratio Rank
PAF.L
PAF.L Risk / Return Rank: 8888
Overall Rank
PAF.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
PAF.L Sortino Ratio Rank: 8787
Sortino Ratio Rank
PAF.L Omega Ratio Rank: 8787
Omega Ratio Rank
PAF.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
PAF.L Martin Ratio Rank: 8888
Martin Ratio Rank
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. PAF.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World UCITS USD (CW8U.L) and Pan African Resources plc (PAF.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.

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.LPAF.LDifference
Sharpe ratioReturn per unit of total volatility
1.88
2.30

-0.42

Sortino ratioReturn per unit of downside risk
2.85
2.61

+0.24

Omega ratioGain probability vs. loss probability

1.34

1.34

0.00

Calmar ratioReturn relative to maximum drawdown

2.70

2.85

-0.15

Martin ratioReturn relative to average drawdown

11.32

9.31

+2.01

CW8U.L vs. PAF.L - Sharpe Ratio Comparison

The current CW8U.L Sharpe Ratio is 1.88, which is comparable to the PAF.L Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of CW8U.L and PAF.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CW8U.L vs. PAF.L - Drawdown Comparison

The maximum CW8U.L drawdown since its inception was -34.10%, smaller than the maximum PAF.L drawdown of -86.42%. Use the drawdown chart below to compare losses from any high point for CW8U.L and PAF.L.

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Drawdown Indicators

CW8U.LPAF.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.10%

-86.42%

+52.32%

Max Drawdown (1Y)

Largest decline over 1 year

-8.48%

-44.89%

+36.41%

Max Drawdown (3Y)

Largest decline over 3 years

-17.26%

-44.89%

+27.63%

Max Drawdown (5Y)

Largest decline over 5 years

-25.79%

-49.04%

+23.25%

Max Drawdown (10Y)

Largest decline over 10 years

—

-70.44%

—

Current Drawdown

Current decline from peak

-1.62%

-40.40%

+38.78%

Average Drawdown

Average peak-to-trough decline

-5.03%

-32.79%

+27.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.03%

13.79%

-11.76%

Volatility

CW8U.L vs. PAF.L - Volatility Comparison

The current volatility for Amundi MSCI World UCITS USD (CW8U.L) is 4.07%, while Pan African Resources plc (PAF.L) has a volatility of 22.46%. This indicates that CW8U.L experiences smaller price fluctuations and is considered to be less risky than PAF.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.LPAF.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.07%

22.46%

-18.39%

Volatility (6M)

Calculated over the trailing 6-month period

9.57%

45.95%

-36.38%

Volatility (1Y)

Calculated over the trailing 1-year period

12.18%

55.63%

-43.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.68%

50.32%

-34.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.77%

55.08%

-38.31%

Dividends

CW8U.L vs. PAF.L - Dividend Comparison

CW8U.L has not paid dividends to shareholders, while PAF.L's dividend yield for the trailing twelve months is around 2.00%.

PositionTTM20252024202320222021202020192018201720162015
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%
PAF.L
Pan African Resources plc		2.00%1.35%2.79%4.52%5.25%5.09%2.92%0.98%0.00%3.38%5.67%6.83%

Frequently Asked Questions

CW8U.L and PAF.L have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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