CW8U.L vs. WPEA.PA
CW8U.L (Amundi MSCI World UCITS USD) and WPEA.PA (iShares MSCI World Swap PEA UCITS ETF) are both Global Equities funds - CW8U.L tracks the MSCI ACWI NR USD while WPEA.PA tracks the MSCI World NET TR EUR Index. Both are passively managed. Over the past year, CW8U.L returned 25.61% vs 25.74% for WPEA.PA. Their correlation of 0.89 suggests significant overlap in exposure. CW8U.L charges 0.28%/yr vs 0.25%/yr for WPEA.PA.
Performance
CW8U.L vs. WPEA.PA - Performance Comparison
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Different Trading Currencies
CW8U.L is traded in USD, while WPEA.PA is traded in EUR. To make them comparable, the WPEA.PA values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with CW8U.L having a 9.80% return and WPEA.PA slightly lower at 9.77%.
CW8U.L
- 1D
- 0.08%
- 1M
- 4.18%
- YTD
- 9.80%
- 6M
- 10.88%
- 1Y
- 25.61%
- 3Y*
- 20.52%
- 5Y*
- 11.60%
- 10Y*
- 12.85%
WPEA.PA
- 1D
- 0.06%
- 1M
- 4.13%
- YTD
- 9.77%
- 6M
- 10.98%
- 1Y
- 25.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CW8U.L vs. WPEA.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CW8U.L Amundi MSCI World UCITS USD | 9.80% | 20.32% | 10.93% |
WPEA.PA iShares MSCI World Swap PEA UCITS ETF | 9.77% | 21.25% | 10.11% |
Correlation
The correlation between CW8U.L and WPEA.PA is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024 | 0.89 |
The correlation between CW8U.L and WPEA.PA has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.
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Return for Risk
CW8U.L vs. WPEA.PA — Risk / Return Rank
CW8U.L
WPEA.PA
CW8U.L vs. WPEA.PA - 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 World Swap PEA UCITS ETF (WPEA.PA). 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 | WPEA.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 3.00 | 0.00 |
| Martin ratioReturn relative to average drawdown | 12.87 | 13.02 | -0.14 |
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 | WPEA.PA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.21 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 1.28 | -0.55 |
Drawdowns
CW8U.L vs. WPEA.PA - Drawdown Comparison
The maximum CW8U.L drawdown since its inception was -34.10%, which is greater than WPEA.PA's maximum drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for CW8U.L and WPEA.PA.
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Drawdown Indicators
| CW8U.L | WPEA.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.10% | -17.82% | -16.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.48% | -8.47% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -17.26% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.79% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.10% | — | — |
Current DrawdownCurrent decline from peak | -0.41% | -0.52% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -4.49% | -1.75% | -2.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 1.96% | +0.02% |
Volatility
CW8U.L vs. WPEA.PA - Volatility Comparison
Amundi MSCI World UCITS USD (CW8U.L) has a higher volatility of 3.27% compared to iShares MSCI World Swap PEA UCITS ETF (WPEA.PA) at 2.88%. This indicates that CW8U.L's price experiences larger fluctuations and is considered to be riskier than WPEA.PA 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 | WPEA.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 2.88% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 8.56% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.80% | 11.52% | +0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 14.79% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.84% | 14.79% | +1.05% |
CW8U.L vs. WPEA.PA - Expense Ratio Comparison
CW8U.L has a 0.28% expense ratio, which is higher than WPEA.PA's 0.25% expense ratio.
Dividends
CW8U.L vs. WPEA.PA - Dividend Comparison
Neither CW8U.L nor WPEA.PA has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, CW8U.L and WPEA.PA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, WPEA.PA is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WPEA.PA is cheaper with a 0.25% expense ratio, compared with 0.28% for CW8U.L.
CW8U.L tracks MSCI ACWI NR USD, while WPEA.PA tracks MSCI World NET TR EUR Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.28% for CW8U.L and 0.25% for WPEA.PA.
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