FGLS.L vs. MWOZ.L
FGLS.L (Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc) and MWOZ.L (Amundi Prime Global UCITS ETF Dist) are both Global Equities funds - FGLS.L tracks the MSCI ACWI NR USD while MWOZ.L tracks the Solactive GBS Developed Markets Large & Mid Cap Index. Both are passively managed. Over the past year, FGLS.L returned 24.94% vs 27.72% for MWOZ.L. With a 0.96 correlation, they move nearly in lockstep. FGLS.L charges 0.35%/yr vs 0.05%/yr for MWOZ.L.
Performance
FGLS.L vs. MWOZ.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FGLS.L achieves a 8.94% return, which is significantly lower than MWOZ.L's 10.12% return.
FGLS.L
- 1D
- -0.29%
- 1M
- 4.50%
- YTD
- 8.94%
- 6M
- 9.24%
- 1Y
- 24.94%
- 3Y*
- 15.95%
- 5Y*
- 11.85%
- 10Y*
- —
MWOZ.L
- 1D
- -0.20%
- 1M
- 5.36%
- YTD
- 10.12%
- 6M
- 10.57%
- 1Y
- 27.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FGLS.L vs. MWOZ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FGLS.L Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc | 8.94% | 5.66% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 10.12% | 8.44% |
Correlation
The correlation between FGLS.L and MWOZ.L is 0.95, 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 | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2025 | 0.96 |
The correlation between FGLS.L and MWOZ.L has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FGLS.L vs. MWOZ.L — Risk / Return Rank
FGLS.L
MWOZ.L
FGLS.L vs. MWOZ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc (FGLS.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.
| FGLS.L | MWOZ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.51 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 4.16 | -0.79 |
| Martin ratioReturn relative to average drawdown | 13.71 | 16.82 | -3.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FGLS.L | MWOZ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 2.68 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 1.04 | -0.05 |
Drawdowns
FGLS.L vs. MWOZ.L - Drawdown Comparison
The maximum FGLS.L drawdown since its inception was -19.90%, 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 FGLS.L and MWOZ.L.
Loading charts...
Drawdown Indicators
| FGLS.L | MWOZ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.90% | -18.50% | -1.40% |
Max Drawdown (1Y)Largest decline over 1 year | -7.36% | -6.63% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -19.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.90% | — | — |
Current DrawdownCurrent decline from peak | -0.29% | -0.20% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -3.17% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.64% | +0.17% |
Volatility
FGLS.L vs. MWOZ.L - Volatility Comparison
Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc (FGLS.L) and Amundi Prime Global UCITS ETF Dist (MWOZ.L) have volatilities of 2.61% and 2.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FGLS.L | MWOZ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 2.53% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 7.28% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.50% | 10.32% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.40% | 13.93% | -0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.75% | 13.93% | -0.18% |
FGLS.L vs. MWOZ.L - Expense Ratio Comparison
FGLS.L has a 0.35% expense ratio, which is higher than MWOZ.L's 0.05% expense ratio.
Dividends
FGLS.L vs. MWOZ.L - Dividend Comparison
FGLS.L has not paid dividends to shareholders, while MWOZ.L's dividend yield for the trailing twelve months is around 1.20%.
| Position | TTM | 2025 |
|---|---|---|
FGLS.L Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc | 0.00% | 0.00% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 1.20% | 1.60% |
Frequently Asked Questions
With a correlation of 0.95, FGLS.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 0.35% for FGLS.L.
FGLS.L tracks MSCI ACWI NR USD, while MWOZ.L tracks Solactive GBS Developed Markets Large & Mid Cap Index. They also come from different issuers: Fidelity and Amundi. Their fees differ too: 0.35% for FGLS.L and 0.05% for MWOZ.L.
Find the right allocation for FGLS.L and MWOZ.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer