FRXE.L vs. MWOZ.L
FRXE.L (Franklin Euro Short Maturity UCITS ETF) and MWOZ.L (Amundi Prime Global UCITS ETF Dist) are both Global Equities funds - FRXE.L tracks the Franklin Euro Short Maturity UCITS ETF while MWOZ.L tracks the Solactive GBS Developed Markets Large & Mid Cap Index. Both are passively managed. Over the past year, FRXE.L returned 0.23% vs 22.33% for MWOZ.L. At a correlation of -0.07, they often move in opposite directions.
Performance
FRXE.L vs. MWOZ.L - Performance Comparison
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Returns By Period
In the year-to-date period, FRXE.L achieves a -1.41% return, which is significantly lower than MWOZ.L's 10.79% return.
FRXE.L
- 1D
- 0.18%
- 1M
- -1.09%
- 6M
- -0.71%
- YTD
- -1.41%
- 1Y
- 0.23%
- 3Y*
- 3.05%
- 5Y*
- 2.23%
- 10Y*
- —
MWOZ.L
- 1D
- 0.00%
- 1M
- 0.45%
- 6M
- 9.49%
- YTD
- 10.79%
- 1Y
- 22.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FRXE.L vs. MWOZ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FRXE.L Franklin Euro Short Maturity UCITS ETF | -1.41% | 7.21% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 10.79% | 8.44% |
Correlation
The correlation between FRXE.L and MWOZ.L is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025 | -0.07 |
The correlation between FRXE.L and MWOZ.L shifts across timeframes, from -0.07 (all time) to 0.08 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FRXE.L vs. MWOZ.L — Risk / Return Rank
FRXE.L
MWOZ.L
FRXE.L vs. MWOZ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Euro Short Maturity UCITS ETF (FRXE.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.
| FRXE.L | MWOZ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.39 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.00 | 3.38 | -3.38 |
| Martin ratioReturn relative to average drawdown | 0.00 | 13.30 | -13.30 |
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Drawdowns
FRXE.L vs. MWOZ.L - Drawdown Comparison
The maximum FRXE.L drawdown since its inception was -17.03%, smaller than the maximum MWOZ.L drawdown of -18.50%. Use the drawdown chart below to compare losses from any high point for FRXE.L and MWOZ.L.
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Drawdown Indicators
| FRXE.L | MWOZ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.03% | -18.50% | +1.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -6.63% | +4.17% |
Max Drawdown (3Y)Largest decline over 3 years | -3.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -4.56% | — | — |
Current DrawdownCurrent decline from peak | -4.75% | -0.44% | -4.31% |
Average DrawdownAverage peak-to-trough decline | -10.95% | -2.99% | -7.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 1.68% | -0.62% |
Volatility
FRXE.L vs. MWOZ.L - Volatility Comparison
The current volatility for Franklin Euro Short Maturity UCITS ETF (FRXE.L) is 0.83%, while Amundi Prime Global UCITS ETF Dist (MWOZ.L) has a volatility of 2.77%. This indicates that FRXE.L experiences smaller price fluctuations and is considered to be less risky 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
| FRXE.L | MWOZ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 2.77% | -1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.77% | 8.05% | -5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 10.88% | -6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.44% | 13.82% | -8.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.54% | 13.82% | -6.28% |
Dividends
FRXE.L vs. MWOZ.L - Dividend Comparison
FRXE.L's dividend yield for the trailing twelve months is around 1.94%, more than MWOZ.L's 1.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FRXE.L Franklin Euro Short Maturity UCITS ETF | 1.94% | 2.54% | 2.59% | 1.19% | 0.25% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 1.19% | 1.60% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FRXE.L and MWOZ.L have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRXE.L tracks Franklin Euro Short Maturity UCITS ETF, while MWOZ.L tracks Solactive GBS Developed Markets Large & Mid Cap Index. They also come from different issuers: Franklin and Amundi.
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