ESGS.L vs. MWOZ.L
ESGS.L (Invesco MSCI USA Universal Screened UCITS ETF) and MWOZ.L (Amundi Prime Global UCITS ETF Dist) are both Global Equities funds - ESGS.L tracks the Invesco MSCI USA Universal Screened UCITS ETF while MWOZ.L tracks the Solactive GBS Developed Markets Large & Mid Cap Index. Both are passively managed. Over the past year, ESGS.L returned 20.69% vs 22.33% for MWOZ.L. Their correlation of 0.93 suggests significant overlap in exposure. ESGS.L charges 0.09%/yr vs 0.05%/yr for MWOZ.L.
Performance
ESGS.L vs. MWOZ.L - Performance Comparison
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Different Trading Currencies
ESGS.L is traded in GBp, while MWOZ.L is traded in GBP. To make them comparable, the MWOZ.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with ESGS.L having a 10.62% return and MWOZ.L slightly higher at 10.79%.
ESGS.L
- 1D
- -0.42%
- 1M
- -1.16%
- 6M
- 9.99%
- YTD
- 10.62%
- 1Y
- 20.69%
- 3Y*
- 18.46%
- 5Y*
- 12.45%
- 10Y*
- —
MWOZ.L
- 1D
- 0.00%
- 1M
- 0.45%
- 6M
- 9.49%
- YTD
- 10.79%
- 1Y
- 22.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESGS.L vs. MWOZ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ESGS.L Invesco MSCI USA Universal Screened UCITS ETF | 10.62% | 4.89% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 10.79% | 8.44% |
Correlation
The correlation between ESGS.L and MWOZ.L is 0.92, 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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025 | 0.93 |
The correlation between ESGS.L and MWOZ.L has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
ESGS.L vs. MWOZ.L — Risk / Return Rank
ESGS.L
MWOZ.L
ESGS.L vs. MWOZ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA Universal Screened UCITS ETF (ESGS.L) and Amundi Prime Global UCITS ETF Dist (MWOZ.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.
| ESGS.L | MWOZ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.39 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 3.38 | -0.67 |
| Martin ratioReturn relative to average drawdown | 9.33 | 13.30 | -3.98 |
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Drawdowns
ESGS.L vs. MWOZ.L - Drawdown Comparison
The maximum ESGS.L drawdown since its inception was -29.04%, which is greater than MWOZ.L's maximum drawdown of -18.50%. Use the drawdown chart below to compare losses from any high point for ESGS.L and MWOZ.L.
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Drawdown Indicators
| ESGS.L | MWOZ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.04% | -18.50% | -10.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -6.63% | -1.53% |
Max Drawdown (3Y)Largest decline over 3 years | -21.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | — | — |
Current DrawdownCurrent decline from peak | -2.34% | -0.44% | -1.90% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -2.99% | -3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 1.68% | +0.70% |
Volatility
ESGS.L vs. MWOZ.L - Volatility Comparison
Invesco MSCI USA Universal Screened UCITS ETF (ESGS.L) has a higher volatility of 3.72% compared to Amundi Prime Global UCITS ETF Dist (MWOZ.L) at 2.77%. This indicates that ESGS.L's price experiences larger fluctuations and is considered to be riskier than MWOZ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGS.L | MWOZ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 2.77% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 8.05% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 10.88% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.36% | 13.82% | +6.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.42% | 13.82% | +7.60% |
ESGS.L vs. MWOZ.L - Expense Ratio Comparison
ESGS.L has a 0.09% expense ratio, which is higher than MWOZ.L's 0.05% 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
ESGS.L vs. MWOZ.L - Dividend Comparison
ESGS.L has not paid dividends to shareholders, while MWOZ.L's dividend yield for the trailing twelve months is around 1.19%.
| Position | TTM | 2025 |
|---|---|---|
ESGS.L Invesco MSCI USA Universal Screened UCITS ETF | 0.00% | 0.00% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 1.19% | 1.60% |
Frequently Asked Questions
With a correlation of 0.92, ESGS.L and MWOZ.L 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, MWOZ.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWOZ.L is cheaper with a 0.05% expense ratio, compared with 0.09% for ESGS.L.
ESGS.L tracks Invesco MSCI USA Universal Screened UCITS ETF, while MWOZ.L tracks Solactive GBS Developed Markets Large & Mid Cap Index. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.09% for ESGS.L and 0.05% for MWOZ.L.
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