MJMT.DE vs. MWOE.DE
MJMT.DE (Amundi MSCI Europe Momentum Factor UCITS ETF EUR) and MWOE.DE (Amundi MSCI World UCITS ETF - USD Dist) are both exchange-traded funds - MJMT.DE is a Momentum fund tracking the MSCI Europe Momentum Index, while MWOE.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 3 years, MJMT.DE returned 20.45%/yr vs 17.43%/yr for MWOE.DE. A 0.68 correlation means they provide meaningful diversification when combined. MJMT.DE charges 0.23%/yr vs 0.12%/yr for MWOE.DE.
Performance
MJMT.DE vs. MWOE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MJMT.DE achieves a 9.28% return, which is significantly lower than MWOE.DE's 10.64% return.
MJMT.DE
- 1D
- 1.82%
- 1M
- 2.83%
- YTD
- 9.28%
- 6M
- 12.67%
- 1Y
- 21.10%
- 3Y*
- 20.45%
- 5Y*
- 11.60%
- 10Y*
- 12.16%
MWOE.DE
- 1D
- -0.02%
- 1M
- 2.89%
- YTD
- 10.64%
- 6M
- 12.21%
- 1Y
- 24.17%
- 3Y*
- 17.43%
- 5Y*
- —
- 10Y*
- —
MJMT.DE vs. MWOE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MJMT.DE Amundi MSCI Europe Momentum Factor UCITS ETF EUR | 9.28% | 27.24% | 19.93% | 13.04% | 1.74% |
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 10.64% | 7.87% | 25.72% | 19.87% | -0.40% |
Correlation
The correlation between MJMT.DE and MWOE.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2022 | 0.68 |
The correlation between MJMT.DE and MWOE.DE has been stable across timeframes, ranging from 0.68 to 0.69 - a consistent structural relationship.
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Return for Risk
MJMT.DE vs. MWOE.DE — Risk / Return Rank
MJMT.DE
MWOE.DE
MJMT.DE vs. MWOE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.DE) and Amundi MSCI World UCITS ETF - USD Dist (MWOE.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.
| MJMT.DE | MWOE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.40 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 3.49 | -1.68 |
| Martin ratioReturn relative to average drawdown | 6.92 | 13.79 | -6.87 |
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Drawdowns
MJMT.DE vs. MWOE.DE - Drawdown Comparison
The maximum MJMT.DE drawdown since its inception was -31.35%, which is greater than MWOE.DE's maximum drawdown of -21.83%. Use the drawdown chart below to compare losses from any high point for MJMT.DE and MWOE.DE.
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Drawdown Indicators
| MJMT.DE | MWOE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.35% | -21.83% | -9.52% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -6.74% | -4.82% |
Max Drawdown (3Y)Largest decline over 3 years | -15.62% | -21.83% | +6.21% |
Max Drawdown (5Y)Largest decline over 5 years | -23.84% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.35% | — | — |
Current DrawdownCurrent decline from peak | -0.21% | -0.33% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -3.61% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 1.71% | +1.33% |
Volatility
MJMT.DE vs. MWOE.DE - Volatility Comparison
Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.DE) has a higher volatility of 4.75% compared to Amundi MSCI World UCITS ETF - USD Dist (MWOE.DE) at 2.63%. This indicates that MJMT.DE's price experiences larger fluctuations and is considered to be riskier than MWOE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MJMT.DE | MWOE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 2.63% | +2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 14.65% | 7.67% | +6.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.11% | 11.08% | +6.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.36% | 13.41% | +2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 13.41% | +2.96% |
MJMT.DE vs. MWOE.DE - Expense Ratio Comparison
MJMT.DE has a 0.23% expense ratio, which is higher than MWOE.DE's 0.12% 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
MJMT.DE vs. MWOE.DE - Dividend Comparison
MJMT.DE has not paid dividends to shareholders, while MWOE.DE's dividend yield for the trailing twelve months is around 0.95%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MJMT.DE Amundi MSCI Europe Momentum Factor UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% |
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 0.95% | 1.33% | 1.20% | 0.58% |
Frequently Asked Questions
MJMT.DE and MWOE.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MWOE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWOE.DE is cheaper with a 0.12% expense ratio, compared with 0.23% for MJMT.DE.
MJMT.DE is categorized as Momentum, while MWOE.DE is Global Equities. MJMT.DE tracks MSCI Europe Momentum Index, while MWOE.DE tracks MSCI World. Their fees differ too: 0.23% for MJMT.DE and 0.12% for MWOE.DE.
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