MJMT.DE vs. XWEM.DE
MJMT.DE (Amundi MSCI Europe Momentum Factor UCITS ETF EUR) and XWEM.DE (Xtrackers MSCI World Momentum ESG UCITS ETF 1C) are both Momentum funds - MJMT.DE tracks the MSCI Europe Momentum Index while XWEM.DE tracks the MSCI World Momentum Low Carbon SRI Screened Select Index. Both are passively managed. Over the past year, MJMT.DE returned 17.54% vs 31.14% for XWEM.DE. A 0.73 correlation means they provide meaningful diversification when combined. MJMT.DE charges 0.23%/yr vs 0.25%/yr for XWEM.DE.
Performance
MJMT.DE vs. XWEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MJMT.DE achieves a 8.02% return, which is significantly lower than XWEM.DE's 19.94% return.
MJMT.DE
- 1D
- 0.03%
- 1M
- 2.82%
- YTD
- 8.02%
- 6M
- 11.57%
- 1Y
- 17.54%
- 3Y*
- 20.41%
- 5Y*
- 11.41%
- 10Y*
- —
XWEM.DE
- 1D
- -0.96%
- 1M
- 6.34%
- YTD
- 19.94%
- 6M
- 21.16%
- 1Y
- 31.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MJMT.DE vs. XWEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MJMT.DE Amundi MSCI Europe Momentum Factor UCITS ETF EUR | 8.02% | 27.24% | 19.93% | 5.52% |
XWEM.DE Xtrackers MSCI World Momentum ESG UCITS ETF 1C | 19.94% | 8.67% | 36.15% | -1.01% |
Correlation
The correlation between MJMT.DE and XWEM.DE is 0.78, 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 | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2023 | 0.73 |
The correlation between MJMT.DE and XWEM.DE has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
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Return for Risk
MJMT.DE vs. XWEM.DE — Risk / Return Rank
MJMT.DE
XWEM.DE
MJMT.DE vs. XWEM.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 Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.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.
| MJMT.DE | XWEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.33 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.94 | -0.43 |
| Martin ratioReturn relative to average drawdown | 5.64 | 3.88 | +1.76 |
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
| MJMT.DE | XWEM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 1.17 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.97 | -0.27 |
Drawdowns
MJMT.DE vs. XWEM.DE - Drawdown Comparison
The maximum MJMT.DE drawdown since its inception was -31.35%, which is greater than XWEM.DE's maximum drawdown of -22.80%. Use the drawdown chart below to compare losses from any high point for MJMT.DE and XWEM.DE.
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Drawdown Indicators
| MJMT.DE | XWEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.35% | -22.80% | -8.55% |
Max Drawdown (1Y)Largest decline over 1 year | -11.56% | -15.98% | +4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -15.62% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.84% | — | — |
Current DrawdownCurrent decline from peak | -1.36% | -0.96% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -5.51% | +0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 8.00% | -4.90% |
Volatility
MJMT.DE vs. XWEM.DE - Volatility Comparison
The current volatility for Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.DE) is 4.49%, while Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.DE) has a volatility of 4.83%. This indicates that MJMT.DE experiences smaller price fluctuations and is considered to be less risky than XWEM.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 | XWEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 4.83% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 14.45% | 12.62% | +1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.95% | 26.61% | -9.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 21.80% | -5.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 21.80% | -5.56% |
MJMT.DE vs. XWEM.DE - Expense Ratio Comparison
MJMT.DE has a 0.23% expense ratio, which is lower than XWEM.DE's 0.25% expense ratio. Despite the difference, 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. XWEM.DE - Dividend Comparison
Neither MJMT.DE nor XWEM.DE has paid dividends to shareholders.
Frequently Asked Questions
MJMT.DE and XWEM.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MJMT.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MJMT.DE is cheaper with a 0.23% expense ratio, compared with 0.25% for XWEM.DE.
MJMT.DE tracks MSCI Europe Momentum Index, while XWEM.DE tracks MSCI World Momentum Low Carbon SRI Screened Select Index. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.23% for MJMT.DE and 0.25% for XWEM.DE.
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