EWLD.PA vs. AMEL.DE
EWLD.PA (Amundi MSCI World Swap UCITS ETF EUR Distributing) and AMEL.DE (Amundi MSCI Emerging Markets Latin America UCITS ETF EUR) are both exchange-traded funds - EWLD.PA is a Global Equities fund tracking the MSCI World, while AMEL.DE is a Latin America Equities fund tracking the MSCI Emerging Markets Latin America. Both are passively managed. Over the past 10 years, EWLD.PA returned 12.86%/yr vs 7.37%/yr for AMEL.DE. A 0.51 correlation means they provide meaningful diversification when combined. EWLD.PA charges 0.38%/yr vs 0.20%/yr for AMEL.DE.
Performance
EWLD.PA vs. AMEL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EWLD.PA achieves a 10.80% return, which is significantly lower than AMEL.DE's 14.06% return. Over the past 10 years, EWLD.PA has outperformed AMEL.DE with an annualized return of 12.86%, while AMEL.DE has yielded a comparatively lower 7.37% annualized return.
EWLD.PA
- 1D
- -0.27%
- 1M
- 0.63%
- YTD
- 10.80%
- 6M
- 10.77%
- 1Y
- 23.93%
- 3Y*
- 17.53%
- 5Y*
- 11.87%
- 10Y*
- 12.86%
AMEL.DE
- 1D
- 0.53%
- 1M
- -1.29%
- YTD
- 14.06%
- 6M
- 15.33%
- 1Y
- 38.03%
- 3Y*
- 10.73%
- 5Y*
- 9.52%
- 10Y*
- 7.37%
EWLD.PA vs. AMEL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EWLD.PA Amundi MSCI World Swap UCITS ETF EUR Distributing | 10.80% | 6.64% | 26.85% | 19.59% | -13.94% | 32.44% | 6.08% | 29.42% | -4.49% | 7.37% |
AMEL.DE Amundi MSCI Emerging Markets Latin America UCITS ETF EUR | 14.06% | 38.05% | -22.20% | 28.15% | 16.33% | -3.25% | -21.25% | 20.70% | -3.30% | 8.15% |
Correlation
The correlation between EWLD.PA and AMEL.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 13, 2014 | 0.51 |
The correlation between EWLD.PA and AMEL.DE has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
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Return for Risk
EWLD.PA vs. AMEL.DE — Risk / Return Rank
EWLD.PA
AMEL.DE
EWLD.PA vs. AMEL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World Swap UCITS ETF EUR Distributing (EWLD.PA) and Amundi MSCI Emerging Markets Latin America UCITS ETF EUR (AMEL.DE). 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.
| EWLD.PA | AMEL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.34 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 2.87 | +0.68 |
| Martin ratioReturn relative to average drawdown | 14.04 | 8.71 | +5.33 |
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Drawdowns
EWLD.PA vs. AMEL.DE - Drawdown Comparison
The maximum EWLD.PA drawdown since its inception was -33.75%, smaller than the maximum AMEL.DE drawdown of -52.71%. Use the drawdown chart below to compare losses from any high point for EWLD.PA and AMEL.DE.
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Drawdown Indicators
| EWLD.PA | AMEL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.75% | -52.71% | +18.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.65% | -13.17% | +6.52% |
Max Drawdown (3Y)Largest decline over 3 years | -21.69% | -25.37% | +3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -25.37% | +3.68% |
Max Drawdown (10Y)Largest decline over 10 years | -33.75% | -51.33% | +17.58% |
Current DrawdownCurrent decline from peak | -1.07% | -8.25% | +7.18% |
Average DrawdownAverage peak-to-trough decline | -4.52% | -17.85% | +13.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 4.36% | -2.67% |
Volatility
EWLD.PA vs. AMEL.DE - Volatility Comparison
The current volatility for Amundi MSCI World Swap UCITS ETF EUR Distributing (EWLD.PA) is 3.05%, while Amundi MSCI Emerging Markets Latin America UCITS ETF EUR (AMEL.DE) has a volatility of 6.42%. This indicates that EWLD.PA experiences smaller price fluctuations and is considered to be less risky than AMEL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EWLD.PA | AMEL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 6.42% | -3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.04% | 15.64% | -7.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.30% | 18.95% | -7.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 21.03% | -6.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.05% | 25.27% | -10.22% |
EWLD.PA vs. AMEL.DE - Expense Ratio Comparison
EWLD.PA has a 0.38% expense ratio, which is higher than AMEL.DE's 0.20% expense ratio.
Dividends
EWLD.PA vs. AMEL.DE - Dividend Comparison
EWLD.PA's dividend yield for the trailing twelve months is around 1.05%, while AMEL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AMEL.DE Amundi MSCI Emerging Markets Latin America UCITS ETF EUR | 0.00% | 0.00% | 0.00% |
EWLD.PA Amundi MSCI World Swap UCITS ETF EUR Distributing | 1.05% | 1.17% | 0.61% |
Frequently Asked Questions
EWLD.PA and AMEL.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMEL.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEL.DE is cheaper with a 0.20% expense ratio, compared with 0.38% for EWLD.PA.
EWLD.PA is categorized as Global Equities, while AMEL.DE is Latin America Equities. EWLD.PA tracks MSCI World, while AMEL.DE tracks MSCI Emerging Markets Latin America. Their fees differ too: 0.38% for EWLD.PA and 0.20% for AMEL.DE.
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