IWLE.DE vs. AMEC.DE
IWLE.DE (iShares Core MSCI World UCITS ETF EUR Hedged Dist) and AMEC.DE (Amundi Index Smart City UCITS ETF) are both Global Equities funds - IWLE.DE tracks the MSCI World Net TR Index while AMEC.DE tracks the Solactive Smart City. Both are passively managed. Over the past 5 years, IWLE.DE returned 10.03%/yr vs 6.21%/yr for AMEC.DE. A 0.74 correlation means they provide meaningful diversification when combined. IWLE.DE charges 0.30%/yr vs 0.35%/yr for AMEC.DE.
Performance
IWLE.DE vs. AMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IWLE.DE achieves a 7.23% return, which is significantly lower than AMEC.DE's 31.64% return.
IWLE.DE
- 1D
- -0.47%
- 1M
- -0.85%
- YTD
- 7.23%
- 6M
- 7.12%
- 1Y
- 20.78%
- 3Y*
- 17.76%
- 5Y*
- 10.03%
- 10Y*
- —
AMEC.DE
- 1D
- 0.50%
- 1M
- 2.11%
- YTD
- 31.64%
- 6M
- 32.29%
- 1Y
- 46.86%
- 3Y*
- 18.43%
- 5Y*
- 6.21%
- 10Y*
- —
IWLE.DE vs. AMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 7.23% | 16.76% | 19.70% | 21.53% | -18.71% | 23.89% | 11.68% | 3.31% |
AMEC.DE Amundi Index Smart City UCITS ETF | 31.64% | 9.65% | 16.27% | 1.43% | -18.74% | 9.30% | 9.10% | 3.04% |
Correlation
The correlation between IWLE.DE and AMEC.DE 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 (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.74 |
The correlation between IWLE.DE and AMEC.DE shifts across timeframes, from 0.63 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWLE.DE vs. AMEC.DE — Risk / Return Rank
IWLE.DE
AMEC.DE
IWLE.DE vs. AMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) and Amundi Index Smart City UCITS ETF (AMEC.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.
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.
| IWLE.DE | AMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.43 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 5.17 | -2.60 |
| Martin ratioReturn relative to average drawdown | 11.25 | 15.69 | -4.44 |
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Drawdowns
IWLE.DE vs. AMEC.DE - Drawdown Comparison
The maximum IWLE.DE drawdown since its inception was -32.76%, smaller than the maximum AMEC.DE drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for IWLE.DE and AMEC.DE.
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Drawdown Indicators
| IWLE.DE | AMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.76% | -35.49% | +2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -8.05% | -9.02% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -17.60% | -24.98% | +7.38% |
Max Drawdown (5Y)Largest decline over 5 years | -23.49% | -27.34% | +3.85% |
Current DrawdownCurrent decline from peak | -1.77% | -2.45% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -5.27% | -11.42% | +6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 2.98% | -1.14% |
Volatility
IWLE.DE vs. AMEC.DE - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF EUR Hedged Dist (IWLE.DE) is 4.07%, while Amundi Index Smart City UCITS ETF (AMEC.DE) has a volatility of 7.13%. This indicates that IWLE.DE experiences smaller price fluctuations and is considered to be less risky than AMEC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWLE.DE | AMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 7.13% | -3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 14.34% | -4.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.33% | 18.26% | -5.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 17.71% | -2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 19.29% | -2.53% |
IWLE.DE vs. AMEC.DE - Expense Ratio Comparison
IWLE.DE has a 0.30% expense ratio, which is lower than AMEC.DE's 0.35% expense ratio.
Dividends
IWLE.DE vs. AMEC.DE - Dividend Comparison
IWLE.DE's dividend yield for the trailing twelve months is around 1.05%, while AMEC.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AMEC.DE Amundi Index Smart City UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWLE.DE iShares Core MSCI World UCITS ETF EUR Hedged Dist | 1.05% | 1.11% | 1.27% | 1.43% | 1.76% | 1.20% | 1.04% | 0.53% |
Frequently Asked Questions
IWLE.DE and AMEC.DE 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.
On fees, IWLE.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWLE.DE is cheaper with a 0.30% expense ratio, compared with 0.35% for AMEC.DE.
IWLE.DE tracks MSCI World Net TR Index, while AMEC.DE tracks Solactive Smart City. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.30% for IWLE.DE and 0.35% for AMEC.DE.
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