GOGB.L vs. MWOZ.L
GOGB.L (VanEck Morningstar Global Wide Moat UCITS ETF) and MWOZ.L (Amundi Prime Global UCITS ETF Dist) are both Global Equities funds - GOGB.L tracks the MSCI ACWI NR USD while MWOZ.L tracks the Solactive GBS Developed Markets Large & Mid Cap Index. Both are passively managed. Over the past year, GOGB.L returned 9.85% vs 27.54% for MWOZ.L. A 0.75 correlation means they provide meaningful diversification when combined. GOGB.L charges 0.52%/yr vs 0.05%/yr for MWOZ.L.
Performance
GOGB.L vs. MWOZ.L - Performance Comparison
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Returns By Period
In the year-to-date period, GOGB.L achieves a -0.27% return, which is significantly lower than MWOZ.L's 10.17% return.
GOGB.L
- 1D
- 0.44%
- 1M
- -1.22%
- YTD
- -0.27%
- 6M
- -0.46%
- 1Y
- 9.85%
- 3Y*
- 10.33%
- 5Y*
- 7.54%
- 10Y*
- —
MWOZ.L
- 1D
- 0.05%
- 1M
- 3.80%
- YTD
- 10.17%
- 6M
- 9.89%
- 1Y
- 27.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOGB.L vs. MWOZ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GOGB.L VanEck Morningstar Global Wide Moat UCITS ETF | -0.27% | 10.64% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 10.17% | 8.44% |
Correlation
The correlation between GOGB.L and MWOZ.L is 0.73, 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 | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2025 | 0.75 |
The correlation between GOGB.L and MWOZ.L has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.
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Return for Risk
GOGB.L vs. MWOZ.L — Risk / Return Rank
GOGB.L
MWOZ.L
GOGB.L vs. MWOZ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Global Wide Moat UCITS ETF (GOGB.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.
| GOGB.L | MWOZ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.51 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 4.16 | -3.25 |
| Martin ratioReturn relative to average drawdown | 2.92 | 16.80 | -13.88 |
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
| GOGB.L | MWOZ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 2.68 | -1.81 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 1.04 | -0.31 |
Drawdowns
GOGB.L vs. MWOZ.L - Drawdown Comparison
The maximum GOGB.L drawdown since its inception was -13.86%, smaller than the maximum MWOZ.L drawdown of -18.50%. Use the drawdown chart below to compare losses from any high point for GOGB.L and MWOZ.L.
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Drawdown Indicators
| GOGB.L | MWOZ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.86% | -18.50% | +4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -10.89% | -6.63% | -4.26% |
Max Drawdown (3Y)Largest decline over 3 years | -13.86% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -13.86% | — | — |
Current DrawdownCurrent decline from peak | -5.25% | -0.15% | -5.10% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -3.16% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 1.64% | +1.74% |
Volatility
GOGB.L vs. MWOZ.L - Volatility Comparison
VanEck Morningstar Global Wide Moat UCITS ETF (GOGB.L) has a higher volatility of 3.27% compared to Amundi Prime Global UCITS ETF Dist (MWOZ.L) at 2.54%. This indicates that GOGB.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
| GOGB.L | MWOZ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 2.54% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 9.18% | 7.27% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.34% | 10.29% | +1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.66% | 13.91% | -1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.97% | 13.91% | -0.94% |
GOGB.L vs. MWOZ.L - Expense Ratio Comparison
GOGB.L has a 0.52% expense ratio, which is higher than MWOZ.L's 0.05% expense ratio.
Dividends
GOGB.L vs. MWOZ.L - Dividend Comparison
GOGB.L has not paid dividends to shareholders, while MWOZ.L's dividend yield for the trailing twelve months is around 1.20%.
| Position | TTM | 2025 |
|---|---|---|
GOGB.L VanEck Morningstar Global Wide Moat UCITS ETF | 0.00% | 0.00% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 1.20% | 1.60% |
Frequently Asked Questions
GOGB.L and MWOZ.L have a correlation of 0.73, 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 0.52% for GOGB.L.
GOGB.L tracks MSCI ACWI NR USD, 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: 0.52% for GOGB.L and 0.05% for MWOZ.L.
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