GC40.DE vs. WPEA.PA
GC40.DE (Amundi CAC 40 ESG UCITS ETF - EUR) and WPEA.PA (iShares MSCI World Swap PEA UCITS ETF) are both exchange-traded funds - GC40.DE is a Europe Equities fund tracking the CAC 40® ESG, while WPEA.PA is a Global Equities fund tracking the MSCI World NET TR EUR Index. Both are passively managed. Over the past year, GC40.DE returned 5.35% vs 23.56% for WPEA.PA. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.25% expense ratio.
Performance
GC40.DE vs. WPEA.PA - Performance Comparison
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Returns By Period
In the year-to-date period, GC40.DE achieves a 0.95% return, which is significantly lower than WPEA.PA's 11.02% return.
GC40.DE
- 1D
- 1.36%
- 1M
- 0.78%
- YTD
- 0.95%
- 6M
- 1.36%
- 1Y
- 5.35%
- 3Y*
- 7.56%
- 5Y*
- 7.78%
- 10Y*
- 9.36%
WPEA.PA
- 1D
- -0.06%
- 1M
- 3.63%
- YTD
- 11.02%
- 6M
- 10.90%
- 1Y
- 23.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GC40.DE vs. WPEA.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GC40.DE Amundi CAC 40 ESG UCITS ETF - EUR | 0.95% | 15.22% | -4.36% |
WPEA.PA iShares MSCI World Swap PEA UCITS ETF | 11.02% | 6.89% | 14.51% |
Correlation
The correlation between GC40.DE and WPEA.PA is 0.63, 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 | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2024 | 0.60 |
The correlation between GC40.DE and WPEA.PA has been stable across timeframes, ranging from 0.60 to 0.63 - a consistent structural relationship.
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Return for Risk
GC40.DE vs. WPEA.PA — Risk / Return Rank
GC40.DE
WPEA.PA
GC40.DE vs. WPEA.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi CAC 40 ESG UCITS ETF - EUR (GC40.DE) and iShares MSCI World Swap PEA UCITS ETF (WPEA.PA). 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.
| GC40.DE | WPEA.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.40 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 3.57 | -3.16 |
| Martin ratioReturn relative to average drawdown | 1.24 | 14.20 | -12.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GC40.DE | WPEA.PA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 2.14 | -1.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.03 | -0.59 |
Drawdowns
GC40.DE vs. WPEA.PA - Drawdown Comparison
The maximum GC40.DE drawdown since its inception was -38.73%, which is greater than WPEA.PA's maximum drawdown of -21.59%. Use the drawdown chart below to compare losses from any high point for GC40.DE and WPEA.PA.
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Drawdown Indicators
| GC40.DE | WPEA.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.73% | -21.59% | -17.14% |
Max Drawdown (1Y)Largest decline over 1 year | -12.68% | -6.53% | -6.15% |
Max Drawdown (3Y)Largest decline over 3 years | -15.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.73% | — | — |
Current DrawdownCurrent decline from peak | -2.92% | -0.37% | -2.55% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -3.02% | -3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 1.65% | +2.57% |
Volatility
GC40.DE vs. WPEA.PA - Volatility Comparison
Amundi CAC 40 ESG UCITS ETF - EUR (GC40.DE) has a higher volatility of 4.84% compared to iShares MSCI World Swap PEA UCITS ETF (WPEA.PA) at 2.59%. This indicates that GC40.DE's price experiences larger fluctuations and is considered to be riskier than WPEA.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GC40.DE | WPEA.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 2.59% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 7.55% | +4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.56% | 10.88% | +4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.92% | 14.57% | +2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 14.57% | +3.39% |
GC40.DE vs. WPEA.PA - Expense Ratio Comparison
Both GC40.DE and WPEA.PA have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
GC40.DE vs. WPEA.PA - Dividend Comparison
Neither GC40.DE nor WPEA.PA has paid dividends to shareholders.
Frequently Asked Questions
GC40.DE and WPEA.PA have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GC40.DE and WPEA.PA have the same expense ratio: 0.25% per year.
GC40.DE is categorized as Europe Equities, while WPEA.PA is Global Equities. GC40.DE tracks CAC 40® ESG, while WPEA.PA tracks MSCI World NET TR EUR Index. They also come from different issuers: Amundi and iShares.
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