GIGB.L vs. MWOZ.L
GIGB.L (VanEck S&P Global Mining UCITS ETF) and MWOZ.L (Amundi Prime Global UCITS ETF Dist) are both Global Equities funds - GIGB.L tracks the VanEck S&P Global Mining UCITS ETF while MWOZ.L tracks the Solactive GBS Developed Markets Large & Mid Cap Index. Both are passively managed. Over the past year, GIGB.L returned 52.68% vs 22.33% for MWOZ.L. At a 0.36 correlation, their price movements are largely independent. GIGB.L charges 0.50%/yr vs 0.05%/yr for MWOZ.L.
Performance
GIGB.L vs. MWOZ.L - Performance Comparison
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Returns By Period
In the year-to-date period, GIGB.L achieves a 0.48% return, which is significantly lower than MWOZ.L's 10.79% return.
GIGB.L
- 1D
- 0.00%
- 1M
- -13.91%
- 6M
- -11.20%
- YTD
- 0.48%
- 1Y
- 52.68%
- 3Y*
- 20.60%
- 5Y*
- 13.45%
- 10Y*
- —
MWOZ.L
- 1D
- 0.00%
- 1M
- 0.45%
- 6M
- 9.49%
- YTD
- 10.79%
- 1Y
- 22.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GIGB.L vs. MWOZ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GIGB.L VanEck S&P Global Mining UCITS ETF | 0.48% | 63.36% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 10.79% | 8.44% |
Correlation
The correlation between GIGB.L and MWOZ.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025 | 0.36 |
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Return for Risk
GIGB.L vs. MWOZ.L — Risk / Return Rank
GIGB.L
MWOZ.L
GIGB.L vs. MWOZ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck S&P Global Mining UCITS ETF (GIGB.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.
| GIGB.L | MWOZ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 3.38 | -1.44 |
| Martin ratioReturn relative to average drawdown | 5.30 | 13.30 | -8.00 |
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Drawdowns
GIGB.L vs. MWOZ.L - Drawdown Comparison
The maximum GIGB.L drawdown since its inception was -45.07%, 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 GIGB.L and MWOZ.L.
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Drawdown Indicators
| GIGB.L | MWOZ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.07% | -18.50% | -26.57% |
Max Drawdown (1Y)Largest decline over 1 year | -26.52% | -6.63% | -19.89% |
Max Drawdown (3Y)Largest decline over 3 years | -26.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.29% | — | — |
Current DrawdownCurrent decline from peak | -24.02% | -0.44% | -23.58% |
Average DrawdownAverage peak-to-trough decline | -14.82% | -2.99% | -11.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.76% | 1.68% | +8.08% |
Volatility
GIGB.L vs. MWOZ.L - Volatility Comparison
VanEck S&P Global Mining UCITS ETF (GIGB.L) has a higher volatility of 10.51% compared to Amundi Prime Global UCITS ETF Dist (MWOZ.L) at 2.77%. This indicates that GIGB.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
| GIGB.L | MWOZ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.51% | 2.77% | +7.74% |
Volatility (6M)Calculated over the trailing 6-month period | 28.35% | 8.05% | +20.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.84% | 10.88% | +22.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.68% | 13.82% | +15.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.36% | 13.82% | +15.54% |
GIGB.L vs. MWOZ.L - Expense Ratio Comparison
GIGB.L has a 0.50% expense ratio, which is higher than MWOZ.L's 0.05% expense ratio.
Dividends
GIGB.L vs. MWOZ.L - Dividend Comparison
GIGB.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 |
|---|---|---|
GIGB.L VanEck S&P Global Mining UCITS ETF | 0.00% | 0.00% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 1.19% | 1.60% |
Frequently Asked Questions
GIGB.L and MWOZ.L have a correlation of 0.42, 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 0.50% for GIGB.L.
GIGB.L tracks VanEck S&P Global Mining UCITS ETF, while MWOZ.L tracks Solactive GBS Developed Markets Large & Mid Cap Index. They also come from different issuers: VanEck and Amundi. Their fees differ too: 0.50% for GIGB.L and 0.05% for MWOZ.L.
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