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E127.L vs. MWRD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

E127.L vs. MWRD.L

Last updated Jun 5, 2026

E127.L (Amundi MSCI Emerging Markets II UCITS ETF Dist) and MWRD.L (Amundi Index MSCI World) are both exchange-traded funds - E127.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while MWRD.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. At a 0.45 correlation, their price movements are largely independent. E127.L charges 0.14%/yr vs 0.08%/yr for MWRD.L.

Performance

E127.L vs. MWRD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.L) and Amundi Index MSCI World (MWRD.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

E127.L is traded in GBP, while MWRD.L is traded in GBp. To make them comparable, the MWRD.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

E127.L

1D
-1.40%
1M
6.35%
YTD
26.18%
6M
28.72%
1Y
54.75%
3Y*
21.77%
5Y*
9.22%
10Y*
—

MWRD.L

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

E127.L vs. MWRD.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
E127.L
Amundi MSCI Emerging Markets II UCITS ETF Dist		26.18%25.81%10.12%3.48%-9.65%-1.28%23.50%
MWRD.L
Amundi Index MSCI World		0.00%0.00%-1.27%17.50%-9.18%24.39%15.77%

Correlation

The correlation between E127.L and MWRD.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.22

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

0.39

Correlation (All Time)
Calculated using the full available price history since May 21, 2020

0.45

The correlation between E127.L and MWRD.L shifts across timeframes, from 0.22 (3 years) to 0.45 (all time), reflecting how their relationship changes across market environments.

E127.L vs. MWRD.L - Sectors Allocation Comparison

Sectors
E127.L
MWRD.L

Technology

36.9%
24.7%

Financial Services

19.5%
14.7%

Consumer Cyclical

9.6%
10.5%

Industrials

7.5%
10.6%

Communication Services

6.9%
7.5%

Basic Materials

6.6%
3.8%

Energy

4.1%
4.4%

Consumer Defensive

3.0%
6.7%

Healthcare

2.9%
12.4%

Utilities

2.1%
2.4%

Real Estate

1.0%
2.4%

Technology

E127.L
36.9%
MWRD.L
24.7%

Financial Services

E127.L
19.5%
MWRD.L
14.7%

Consumer Cyclical

E127.L
9.6%
MWRD.L
10.5%

Industrials

E127.L
7.5%
MWRD.L
10.6%

Communication Services

E127.L
6.9%
MWRD.L
7.5%

Basic Materials

E127.L
6.6%
MWRD.L
3.8%

Energy

E127.L
4.1%
MWRD.L
4.4%

Consumer Defensive

E127.L
3.0%
MWRD.L
6.7%

Healthcare

E127.L
2.9%
MWRD.L
12.4%

Utilities

E127.L
2.1%
MWRD.L
2.4%

Real Estate

E127.L
1.0%
MWRD.L
2.4%

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Amundi MSCI Emerging Markets II UCITS ETF Dist

Amundi Index MSCI World

Often compared with E127.L:
E127.L vs. SPXP.LE127.L vs. AEMU.LE127.L vs. FEMD.LE127.L vs. SEGM.LE127.L vs. MXFP.LE127.L vs. AEME.LE127.L vs. HEMC.L
Often compared with MWRD.L:
MWRD.L vs. BRK-BMWRD.L vs. IWDA.ASMWRD.L vs. URTHMWRD.L vs. SWDA.LMWRD.L vs. JEPIMWRD.L vs. ACWIMWRD.L vs. 36BZ.DE

Return for Risk

E127.L vs. MWRD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
E127.L
E127.L Risk / Return Rank: 9090
Overall Rank
E127.L Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
E127.L Sortino Ratio Rank: 9090
Sortino Ratio Rank
E127.L Omega Ratio Rank: 9292
Omega Ratio Rank
E127.L Calmar Ratio Rank: 8888
Calmar Ratio Rank
E127.L Martin Ratio Rank: 8686
Martin Ratio Rank
MWRD.L
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.

E127.L vs. MWRD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging Markets II UCITS ETF Dist (E127.L) and Amundi Index MSCI World (MWRD.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.

E127.LMWRD.LDifference
Sharpe ratioReturn per unit of total volatility
3.25

—

—

Sortino ratioReturn per unit of downside risk
4.14

—

—

Omega ratioGain probability vs. loss probability

1.60

—

—

Calmar ratioReturn relative to maximum drawdown

5.04

—

—

Martin ratioReturn relative to average drawdown

18.09

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

E127.L vs. MWRD.L - Sharpe Ratio Comparison

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Sharpe Ratios by Period

E127.LMWRD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.25

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.57

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

—

—

Drawdowns

E127.L vs. MWRD.L - Drawdown Comparison

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Drawdown Indicators

E127.LMWRD.LDifference

Max Drawdown

Largest peak-to-trough decline

-26.68%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-10.82%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-15.31%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-22.89%

—

—

Current Drawdown

Current decline from peak

-2.33%

—

—

Average Drawdown

Average peak-to-trough decline

-10.34%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.02%

—

—

Volatility

E127.L vs. MWRD.L - Volatility Comparison

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Volatility by Period

E127.LMWRD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.32%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

14.30%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

16.79%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.18%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.39%

—

—

E127.L vs. MWRD.L - Expense Ratio Comparison

E127.L has a 0.14% expense ratio, which is higher than MWRD.L's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

E127.L vs. MWRD.L - Dividend Comparison

E127.L's dividend yield for the trailing twelve months is around 1.96%, while MWRD.L has not paid dividends to shareholders.

PositionTTM20252024202320222021
E127.L
Amundi MSCI Emerging Markets II UCITS ETF Dist		1.96%2.47%4.04%4.40%2.79%2.25%
MWRD.L
Amundi Index MSCI World		0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

E127.L and MWRD.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, MWRD.L is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

MWRD.L is cheaper with a 0.08% expense ratio, compared with 0.14% for E127.L.

E127.L is categorized as Emerging Markets Equities, while MWRD.L is Global Equities. E127.L tracks MSCI EM NR USD, while MWRD.L tracks MSCI ACWI NR USD. Their fees differ too: 0.14% for E127.L and 0.08% for MWRD.L.

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