MWEQ.L vs. 2B7S.DE
MWEQ.L (Invesco MSCI World Equal Weight UCITS ETF Acc) and 2B7S.DE (iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc) are both exchange-traded funds - MWEQ.L is a Global Equities fund tracking the MSCI World Equal Weighted Net Total Return USD Index, while 2B7S.DE is a Government Bonds fund tracking the ICE US Treasury 1-3 Year (EUR Hedged) Index. Both are passively managed. Over the past year, MWEQ.L returned 16.85% vs -0.65% for 2B7S.DE. At a 0.27 correlation, their price movements are largely independent. MWEQ.L charges 0.20%/yr vs 0.10%/yr for 2B7S.DE.
Performance
MWEQ.L vs. 2B7S.DE - Performance Comparison
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Different Trading Currencies
MWEQ.L is traded in USD, while 2B7S.DE is traded in EUR. To make them comparable, the 2B7S.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MWEQ.L achieves a 8.97% return, which is significantly higher than 2B7S.DE's -3.04% return.
MWEQ.L
- 1D
- 0.00%
- 1M
- 1.27%
- 6M
- 6.78%
- YTD
- 8.97%
- 1Y
- 16.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.44%
2B7S.DE
- 1D
- -0.22%
- 1M
- -0.31%
- 6M
- -2.00%
- YTD
- -3.04%
- 1Y
- -0.65%
- 3Y*
- 3.29%
- 5Y*
- -0.61%
- 10Y*
- —
- ALL TIME*
- -0.59%
MWEQ.L vs. 2B7S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MWEQ.L Invesco MSCI World Equal Weight UCITS ETF Acc | 8.97% | 21.96% | 0.07% |
2B7S.DE iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc | -3.04% | 16.32% | -5.77% |
Correlation
The correlation between MWEQ.L and 2B7S.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024 | 0.27 |
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Return for Risk
MWEQ.L vs. 2B7S.DE — Risk / Return Rank
MWEQ.L
2B7S.DE
MWEQ.L vs. 2B7S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World Equal Weight UCITS ETF Acc (MWEQ.L) and iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.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.
| MWEQ.L | 2B7S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.99 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | -0.11 | +2.05 |
| Martin ratioReturn relative to average drawdown | 7.38 | -0.24 | +7.62 |
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Drawdowns
MWEQ.L vs. 2B7S.DE - Drawdown Comparison
The maximum MWEQ.L drawdown since its inception was -12.95%, smaller than the maximum 2B7S.DE drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for MWEQ.L and 2B7S.DE.
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Drawdown Indicators
| MWEQ.L | 2B7S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.95% | -27.23% | +14.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -5.85% | -2.83% |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.10% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.86% | — |
Current DrawdownCurrent decline from peak | -0.87% | -6.82% | +5.95% |
Average DrawdownAverage peak-to-trough decline | -1.62% | -12.35% | +10.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 2.73% | -0.45% |
Volatility
MWEQ.L vs. 2B7S.DE - Volatility Comparison
Invesco MSCI World Equal Weight UCITS ETF Acc (MWEQ.L) has a higher volatility of 2.86% compared to iShares $ Treasury Bond 1-3yr UCITS ETF EUR Hedged Acc (2B7S.DE) at 1.49%. This indicates that MWEQ.L's price experiences larger fluctuations and is considered to be riskier than 2B7S.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWEQ.L | 2B7S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 1.49% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.23% | 5.08% | +5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.69% | 7.10% | +5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 8.42% | +5.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.91% | 8.31% | +5.60% |
MWEQ.L vs. 2B7S.DE - Expense Ratio Comparison
MWEQ.L has a 0.20% expense ratio, which is higher than 2B7S.DE's 0.10% 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
MWEQ.L vs. 2B7S.DE - Dividend Comparison
Neither MWEQ.L nor 2B7S.DE has paid dividends to shareholders.
Frequently Asked Questions
MWEQ.L and 2B7S.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 2B7S.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
2B7S.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for MWEQ.L.
MWEQ.L is categorized as Global Equities, while 2B7S.DE is Government Bonds. MWEQ.L tracks MSCI World Equal Weighted Net Total Return USD Index, while 2B7S.DE tracks ICE US Treasury 1-3 Year (EUR Hedged) Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for MWEQ.L and 0.10% for 2B7S.DE.
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