FLPE.L vs. MWOZ.L
FLPE.L (Northern Trust Listed Private Equity UCITS ETF) and MWOZ.L (Amundi Prime Global UCITS ETF Dist) are both Global Equities funds - FLPE.L tracks the Northern Trust Listed Private Equity UCITS ETF while MWOZ.L tracks the Solactive GBS Developed Markets Large & Mid Cap Index. Both are passively managed. Over the past year, FLPE.L returned -15.94% vs 22.33% for MWOZ.L. A 0.70 correlation means they provide meaningful diversification when combined. FLPE.L charges 0.40%/yr vs 0.05%/yr for MWOZ.L.
Performance
FLPE.L vs. MWOZ.L - Performance Comparison
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Returns By Period
In the year-to-date period, FLPE.L achieves a -13.96% return, which is significantly lower than MWOZ.L's 10.79% return.
FLPE.L
- 1D
- -1.43%
- 1M
- -0.02%
- 6M
- -14.85%
- YTD
- -13.96%
- 1Y
- -15.94%
- 3Y*
- 10.46%
- 5Y*
- —
- 10Y*
- —
MWOZ.L
- 1D
- 0.00%
- 1M
- 0.45%
- 6M
- 9.49%
- YTD
- 10.79%
- 1Y
- 22.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLPE.L vs. MWOZ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FLPE.L Northern Trust Listed Private Equity UCITS ETF | -13.96% | -5.60% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 10.79% | 8.44% |
Correlation
The correlation between FLPE.L and MWOZ.L is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025 | 0.70 |
The correlation between FLPE.L and MWOZ.L has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.
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Return for Risk
FLPE.L vs. MWOZ.L — Risk / Return Rank
FLPE.L
MWOZ.L
FLPE.L vs. MWOZ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust Listed Private Equity UCITS ETF (FLPE.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.
| FLPE.L | MWOZ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.81 | ||
| Sortino ratioReturn per unit of downside risk | -3.79 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.39 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 3.38 | -3.95 |
| Martin ratioReturn relative to average drawdown | -1.06 | 13.30 | -14.36 |
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Drawdowns
FLPE.L vs. MWOZ.L - Drawdown Comparison
The maximum FLPE.L drawdown since its inception was -43.46%, 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 FLPE.L and MWOZ.L.
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Drawdown Indicators
| FLPE.L | MWOZ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.46% | -18.50% | -24.96% |
Max Drawdown (1Y)Largest decline over 1 year | -28.35% | -6.63% | -21.72% |
Max Drawdown (3Y)Largest decline over 3 years | -30.16% | — | — |
Current DrawdownCurrent decline from peak | -21.58% | -0.44% | -21.14% |
Average DrawdownAverage peak-to-trough decline | -20.81% | -2.99% | -17.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.26% | 1.68% | +13.58% |
Volatility
FLPE.L vs. MWOZ.L - Volatility Comparison
Northern Trust Listed Private Equity UCITS ETF (FLPE.L) has a higher volatility of 6.26% compared to Amundi Prime Global UCITS ETF Dist (MWOZ.L) at 2.77%. This indicates that FLPE.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
| FLPE.L | MWOZ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 2.77% | +3.49% |
Volatility (6M)Calculated over the trailing 6-month period | 17.73% | 8.05% | +9.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.61% | 10.88% | +10.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.11% | 13.82% | +12.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.11% | 13.82% | +12.29% |
FLPE.L vs. MWOZ.L - Expense Ratio Comparison
FLPE.L has a 0.40% expense ratio, which is higher than MWOZ.L's 0.05% expense ratio.
Dividends
FLPE.L vs. MWOZ.L - Dividend Comparison
FLPE.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 |
|---|---|---|
FLPE.L Northern Trust Listed Private Equity UCITS ETF | 0.00% | 0.00% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 1.19% | 1.60% |
Frequently Asked Questions
FLPE.L and MWOZ.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.40% for FLPE.L.
FLPE.L tracks Northern Trust Listed Private Equity UCITS ETF, while MWOZ.L tracks Solactive GBS Developed Markets Large & Mid Cap Index. They also come from different issuers: Northern Trust and Amundi. Their fees differ too: 0.40% for FLPE.L and 0.05% for MWOZ.L.
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