IWRD.L vs. MWOZ.L
IWRD.L (iShares MSCI World UCITS) and MWOZ.L (Amundi Prime Global UCITS ETF Dist) are both Global Equities funds - IWRD.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, IWRD.L returned 26.73% vs 27.68% for MWOZ.L. With a 0.97 correlation, they move nearly in lockstep. IWRD.L charges 0.50%/yr vs 0.05%/yr for MWOZ.L.
Performance
IWRD.L vs. MWOZ.L - Performance Comparison
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Different Trading Currencies
IWRD.L is traded in GBp, while MWOZ.L is traded in GBP. To make them comparable, the MWOZ.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with IWRD.L having a 9.97% return and MWOZ.L slightly higher at 10.17%.
IWRD.L
- 1D
- 0.10%
- 1M
- 3.66%
- YTD
- 9.97%
- 6M
- 9.71%
- 1Y
- 26.73%
- 3Y*
- 17.32%
- 5Y*
- 12.72%
- 10Y*
- 13.59%
MWOZ.L
- 1D
- 0.05%
- 1M
- 5.09%
- YTD
- 10.17%
- 6M
- 10.38%
- 1Y
- 27.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWRD.L vs. MWOZ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IWRD.L iShares MSCI World UCITS | 9.97% | 7.63% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 10.17% | 8.44% |
Correlation
The correlation between IWRD.L and MWOZ.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2025 | 0.97 |
The correlation between IWRD.L and MWOZ.L has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
IWRD.L vs. MWOZ.L — Risk / Return Rank
IWRD.L
MWOZ.L
IWRD.L vs. MWOZ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World UCITS (IWRD.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.
| IWRD.L | MWOZ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.51 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 4.16 | -0.08 |
| Martin ratioReturn relative to average drawdown | 16.12 | 16.80 | -0.68 |
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
| IWRD.L | MWOZ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 2.68 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 1.04 | -0.48 |
Drawdowns
IWRD.L vs. MWOZ.L - Drawdown Comparison
The maximum IWRD.L drawdown since its inception was -38.28%, 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 IWRD.L and MWOZ.L.
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Drawdown Indicators
| IWRD.L | MWOZ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.28% | -18.50% | -19.78% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -6.63% | +0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -18.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.93% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -25.30% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -0.15% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -4.92% | -3.16% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.64% | +0.02% |
Volatility
IWRD.L vs. MWOZ.L - Volatility Comparison
iShares MSCI World UCITS (IWRD.L) and Amundi Prime Global UCITS ETF Dist (MWOZ.L) have volatilities of 2.55% and 2.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWRD.L | MWOZ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 2.54% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 7.30% | 7.27% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.28% | 10.29% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 13.91% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.50% | 13.91% | +0.59% |
IWRD.L vs. MWOZ.L - Expense Ratio Comparison
IWRD.L has a 0.50% expense ratio, which is higher than MWOZ.L's 0.05% expense ratio.
Dividends
IWRD.L vs. MWOZ.L - Dividend Comparison
IWRD.L's dividend yield for the trailing twelve months is around 0.85%, less than MWOZ.L's 1.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWRD.L iShares MSCI World UCITS | 0.85% | 0.93% | 1.06% | 1.31% | 1.44% | 1.03% | 1.21% | 1.66% | 1.81% | 1.64% | 1.61% | 1.78% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 1.20% | 1.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, IWRD.L and MWOZ.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 IWRD.L.
IWRD.L tracks MSCI ACWI NR USD, while MWOZ.L tracks Solactive GBS Developed Markets Large & Mid Cap Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.50% for IWRD.L and 0.05% for MWOZ.L.
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