IUSD.DE vs. MWRE.DE
IUSD.DE (iShares MSCI World Islamic UCITS ETF USD (Dist)) and MWRE.DE (Amundi Core MSCI World UCITS ETF Accumulating) are both Global Equities funds - IUSD.DE tracks the MSCI World Islamic Index while MWRE.DE tracks the MSCI World. Both are passively managed. Over the past year, IUSD.DE returned 34.31% vs 23.82% for MWRE.DE. Their correlation of 0.91 suggests significant overlap in exposure. IUSD.DE charges 0.60%/yr vs 0.12%/yr for MWRE.DE.
Performance
IUSD.DE vs. MWRE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSD.DE achieves a 20.34% return, which is significantly higher than MWRE.DE's 10.85% return.
IUSD.DE
- 1D
- -0.49%
- 1M
- 7.71%
- YTD
- 20.34%
- 6M
- 20.25%
- 1Y
- 34.31%
- 3Y*
- 15.20%
- 5Y*
- 19.36%
- 10Y*
- 11.00%
MWRE.DE
- 1D
- -0.02%
- 1M
- 3.67%
- YTD
- 10.85%
- 6M
- 11.01%
- 1Y
- 23.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IUSD.DE vs. MWRE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IUSD.DE iShares MSCI World Islamic UCITS ETF USD (Dist) | 20.34% | 6.31% | 4.82% |
MWRE.DE Amundi Core MSCI World UCITS ETF Accumulating | 10.85% | 7.94% | 6.30% |
Correlation
The correlation between IUSD.DE and MWRE.DE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2024 | 0.91 |
The correlation between IUSD.DE and MWRE.DE has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.
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Return for Risk
IUSD.DE vs. MWRE.DE — Risk / Return Rank
IUSD.DE
MWRE.DE
IUSD.DE vs. MWRE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Islamic UCITS ETF USD (Dist) (IUSD.DE) and Amundi Core MSCI World UCITS ETF Accumulating (MWRE.DE). 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.
| IUSD.DE | MWRE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.40 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 7.08 | 3.63 | +3.46 |
| Martin ratioReturn relative to average drawdown | 22.57 | 14.47 | +8.10 |
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
| IUSD.DE | MWRE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 2.12 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 1.08 | -0.45 |
Drawdowns
IUSD.DE vs. MWRE.DE - Drawdown Comparison
The maximum IUSD.DE drawdown since its inception was -23.82%, which is greater than MWRE.DE's maximum drawdown of -21.68%. Use the drawdown chart below to compare losses from any high point for IUSD.DE and MWRE.DE.
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Drawdown Indicators
| IUSD.DE | MWRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.82% | -21.68% | -2.14% |
Max Drawdown (1Y)Largest decline over 1 year | -4.81% | -6.53% | +1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -22.97% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -22.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -22.97% | — | — |
Current DrawdownCurrent decline from peak | -0.49% | -0.33% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -3.68% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.64% | -0.13% |
Volatility
IUSD.DE vs. MWRE.DE - Volatility Comparison
iShares MSCI World Islamic UCITS ETF USD (Dist) (IUSD.DE) has a higher volatility of 3.98% compared to Amundi Core MSCI World UCITS ETF Accumulating (MWRE.DE) at 2.56%. This indicates that IUSD.DE's price experiences larger fluctuations and is considered to be riskier than MWRE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IUSD.DE | MWRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.98% | 2.56% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.09% | 7.79% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.41% | 11.18% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.09% | 15.25% | +7.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.93% | 15.25% | +1.68% |
IUSD.DE vs. MWRE.DE - Expense Ratio Comparison
IUSD.DE has a 0.60% expense ratio, which is higher than MWRE.DE's 0.12% expense ratio.
Dividends
IUSD.DE vs. MWRE.DE - Dividend Comparison
IUSD.DE's dividend yield for the trailing twelve months is around 0.81%, while MWRE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSD.DE iShares MSCI World Islamic UCITS ETF USD (Dist) | 0.81% | 1.00% | 1.26% | 1.47% | 2.75% | 1.80% | 1.55% | 1.94% | 1.57% | 1.45% | 1.45% | 1.60% |
MWRE.DE Amundi Core MSCI World UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IUSD.DE and MWRE.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MWRE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWRE.DE is cheaper with a 0.12% expense ratio, compared with 0.60% for IUSD.DE.
IUSD.DE tracks MSCI World Islamic Index, while MWRE.DE tracks MSCI World. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.60% for IUSD.DE and 0.12% for MWRE.DE.
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