L8I3.DE vs. WEBG.DE
L8I3.DE (Amundi EUR Overnight Return UCITS ETF (Acc)) and WEBG.DE (Amundi Prime All Country World UCITS ETF Dist) are both exchange-traded funds - L8I3.DE is a Money Market fund tracking the Solactive EUR Overnight Return Index, while WEBG.DE is a Global Equities fund tracking the Solactive GBS Global Markets Large & Mid Cap Index. Both are passively managed. Over the past year, L8I3.DE returned 2.00% vs 25.99% for WEBG.DE. At a correlation of -0.01, they often move in opposite directions. L8I3.DE charges 0.10%/yr vs 0.07%/yr for WEBG.DE.
Performance
L8I3.DE vs. WEBG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, L8I3.DE achieves a 1.03% return, which is significantly lower than WEBG.DE's 13.52% return.
L8I3.DE
- 1D
- -0.01%
- 1M
- 0.20%
- 6M
- 0.97%
- YTD
- 1.03%
- 1Y
- 2.00%
- 3Y*
- 2.93%
- 5Y*
- 1.92%
- 10Y*
- 0.67%
WEBG.DE
- 1D
- 0.00%
- 1M
- 0.41%
- 6M
- 13.58%
- YTD
- 13.52%
- 1Y
- 25.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
L8I3.DE vs. WEBG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
L8I3.DE Amundi EUR Overnight Return UCITS ETF (Acc) | 1.03% | 2.21% | 2.93% |
WEBG.DE Amundi Prime All Country World UCITS ETF Dist | 13.52% | 9.19% | 6.71% |
Correlation
The correlation between L8I3.DE and WEBG.DE is -0.02, 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 (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2024 | -0.01 |
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Return for Risk
L8I3.DE vs. WEBG.DE — Risk / Return Rank
L8I3.DE
WEBG.DE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
L8I3.DE vs. WEBG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi EUR Overnight Return UCITS ETF (Acc) (L8I3.DE) and Amundi Prime All Country World UCITS ETF Dist (WEBG.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.
| L8I3.DE | WEBG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.10 | ||
| Sortino ratioReturn per unit of downside risk | +11.44 | ||
| Omega ratioGain probability vs. loss probability | 2.77 | 1.36 | +1.41 |
| Calmar ratioReturn relative to maximum drawdown | 45.01 | 1.65 | +43.36 |
| Martin ratioReturn relative to average drawdown | 172.38 | 2.93 | +169.46 |
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Drawdowns
L8I3.DE vs. WEBG.DE - Drawdown Comparison
The maximum L8I3.DE drawdown since its inception was -3.92%, smaller than the maximum WEBG.DE drawdown of -21.31%. Use the drawdown chart below to compare losses from any high point for L8I3.DE and WEBG.DE.
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Drawdown Indicators
| L8I3.DE | WEBG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.92% | -21.31% | +17.39% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -15.74% | +15.70% |
Max Drawdown (3Y)Largest decline over 3 years | -0.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.78% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -3.59% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -1.30% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -5.93% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 8.88% | -8.87% |
Volatility
L8I3.DE vs. WEBG.DE - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF (Acc) (L8I3.DE) is 0.07%, while Amundi Prime All Country World UCITS ETF Dist (WEBG.DE) has a volatility of 3.76%. This indicates that L8I3.DE experiences smaller price fluctuations and is considered to be less risky than WEBG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| L8I3.DE | WEBG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.07% | 3.76% | -3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 0.21% | 8.89% | -8.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.32% | 24.40% | -24.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 20.64% | -20.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.21% | 20.64% | -20.43% |
L8I3.DE vs. WEBG.DE - Expense Ratio Comparison
L8I3.DE has a 0.10% expense ratio, which is higher than WEBG.DE's 0.07% 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
L8I3.DE vs. WEBG.DE - Dividend Comparison
Neither L8I3.DE nor WEBG.DE has paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
L8I3.DE Amundi EUR Overnight Return UCITS ETF (Acc) | 0.00% | 0.00% |
WEBG.DE Amundi Prime All Country World UCITS ETF Dist | 1.22% | 1.32% |
Frequently Asked Questions
L8I3.DE and WEBG.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WEBG.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WEBG.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for L8I3.DE.
L8I3.DE is categorized as Money Market, while WEBG.DE is Global Equities. L8I3.DE tracks Solactive EUR Overnight Return Index, while WEBG.DE tracks Solactive GBS Global Markets Large & Mid Cap Index. Their fees differ too: 0.10% for L8I3.DE and 0.07% for WEBG.DE.
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