GLDA.L vs. MWRD.L

Last updated Jun 4, 2026

GLDA.L (Amundi Physical Gold ETC (C)) and MWRD.L (Amundi Index MSCI World) are both exchange-traded funds - GLDA.L is a Precious Metals fund tracking the Gold, while MWRD.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. At a 0.03 correlation, their price movements are largely independent. GLDA.L charges 0.12%/yr vs 0.08%/yr for MWRD.L.

Performance

GLDA.L vs. MWRD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Physical Gold ETC (C) (GLDA.L) and Amundi Index MSCI World (MWRD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GLDA.L

• 1D: -1.21%
• 1M: -2.91%
• YTD: 3.18%
• 6M: 4.27%
• 1Y: 33.20%
• 3Y*: 27.70%
• 5Y*: 19.92%
• 10Y*: —

MWRD.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLDA.L vs. MWRD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
GLDA.L Amundi Physical Gold ETC (C)	3.18%	53.56%	28.19%	7.26%	12.68%	-3.12%	-2.69%
MWRD.L Amundi Index MSCI World	0.00%	0.00%	-1.27%	17.50%	-9.18%	24.39%	16.46%

Correlation

The correlation between GLDA.L and MWRD.L is 0.03, 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 (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (All Time) Calculated using the full available price history since May 19, 2020	0.03

Return for Risk

GLDA.L vs. MWRD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLDA.L

GLDA.L Risk / Return Rank: 37
GLDA.L Sharpe Ratio Rank: 40
GLDA.L Sortino Ratio Rank: 35
GLDA.L Omega Ratio Rank: 43
GLDA.L Calmar Ratio Rank: 37
GLDA.L Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLDA.L vs. MWRD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Physical Gold ETC (C) (GLDA.L) and Amundi Index MSCI World (MWRD.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.

	GLDA.L	MWRD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.41	—	—
Sortino ratio: Return per unit of downside risk	1.84	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	1.85	—	—
Martin ratio: Return relative to average drawdown	5.02	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GLDA.L	MWRD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.06	—	—

Drawdowns

Drawdown Indicators

	GLDA.L	MWRD.L	Difference
Max Drawdown Largest peak-to-trough decline	-21.57%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-17.90%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.90%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.90%	—	—
Current Drawdown Current decline from peak	-16.61%	—	—
Average Drawdown Average peak-to-trough decline	-5.40%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.59%	—	—

Volatility

Volatility by Period

	GLDA.L	MWRD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.46%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.66%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.02%	—	—

GLDA.L vs. MWRD.L - Expense Ratio Comparison

GLDA.L has a 0.12% expense ratio, which is higher than MWRD.L's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GLDA.L vs. MWRD.L - Dividend Comparison

Neither GLDA.L nor MWRD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both GLDA.L and MWRD.L in my portfolio?

GLDA.L and MWRD.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLDA.L or MWRD.L?

On fees, MWRD.L is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLDA.L or MWRD.L?

MWRD.L is cheaper with a 0.08% expense ratio, compared with 0.12% for GLDA.L.

What is the main difference between GLDA.L and MWRD.L?

GLDA.L is categorized as Precious Metals, while MWRD.L is Global Equities. GLDA.L tracks Gold, while MWRD.L tracks MSCI ACWI NR USD. Their fees differ too: 0.12% for GLDA.L and 0.08% for MWRD.L.