MWEQ.L vs. YCSH.DE
MWEQ.L (Invesco MSCI World Equal Weight UCITS ETF Acc) and YCSH.DE (iShares € Cash UCITS ETF EUR 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 YCSH.DE is a Money Market fund actively managed by iShares. MWEQ.L is passively managed, while YCSH.DE is actively managed. Over the past year, MWEQ.L returned 18.66% vs 3.46% for YCSH.DE. At a 0.30 correlation, their price movements are largely independent. MWEQ.L charges 0.20%/yr vs 0.10%/yr for YCSH.DE.
Performance
MWEQ.L vs. YCSH.DE - Performance Comparison
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Different Trading Currencies
MWEQ.L is traded in USD, while YCSH.DE is traded in EUR. To make them comparable, the YCSH.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 7.98% return, which is significantly higher than YCSH.DE's -0.33% return.
MWEQ.L
- 1D
- 0.28%
- 1M
- 1.26%
- YTD
- 7.98%
- 6M
- 9.47%
- 1Y
- 18.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YCSH.DE
- 1D
- 0.12%
- 1M
- -1.00%
- YTD
- -0.33%
- 6M
- 0.71%
- 1Y
- 3.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MWEQ.L vs. YCSH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MWEQ.L Invesco MSCI World Equal Weight UCITS ETF Acc | 7.98% | 21.96% | -3.82% |
YCSH.DE iShares € Cash UCITS ETF EUR Acc | -0.33% | 15.45% | -1.24% |
Correlation
The correlation between MWEQ.L and YCSH.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2024 | 0.30 |
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Return for Risk
MWEQ.L vs. YCSH.DE — Risk / Return Rank
MWEQ.L
YCSH.DE
MWEQ.L vs. YCSH.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 € Cash UCITS ETF EUR Acc (YCSH.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.
| MWEQ.L | YCSH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.11 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 0.75 | +1.40 |
| Martin ratioReturn relative to average drawdown | 8.28 | 1.90 | +6.38 |
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
| MWEQ.L | YCSH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 0.59 | +0.91 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 1.17 | +0.04 |
Drawdowns
MWEQ.L vs. YCSH.DE - Drawdown Comparison
The maximum MWEQ.L drawdown since its inception was -12.95%, which is greater than YCSH.DE's maximum drawdown of -4.96%. Use the drawdown chart below to compare losses from any high point for MWEQ.L and YCSH.DE.
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Drawdown Indicators
| MWEQ.L | YCSH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.95% | -4.96% | -7.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -4.96% | -3.72% |
Current DrawdownCurrent decline from peak | -0.36% | -2.90% | +2.54% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -1.41% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.26% | 1.95% | +0.31% |
Volatility
MWEQ.L vs. YCSH.DE - Volatility Comparison
Invesco MSCI World Equal Weight UCITS ETF Acc (MWEQ.L) has a higher volatility of 3.27% compared to iShares € Cash UCITS ETF EUR Acc (YCSH.DE) at 1.19%. This indicates that MWEQ.L's price experiences larger fluctuations and is considered to be riskier than YCSH.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 | YCSH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 1.19% | +2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.98% | 4.36% | +5.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.44% | 6.31% | +6.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 7.54% | +6.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.08% | 7.54% | +6.54% |
MWEQ.L vs. YCSH.DE - Expense Ratio Comparison
MWEQ.L has a 0.20% expense ratio, which is higher than YCSH.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. YCSH.DE - Dividend Comparison
Neither MWEQ.L nor YCSH.DE has paid dividends to shareholders.
Frequently Asked Questions
MWEQ.L and YCSH.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, YCSH.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
YCSH.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for MWEQ.L.
MWEQ.L is categorized as Global Equities, while YCSH.DE is Money Market. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for MWEQ.L and 0.10% for YCSH.DE.
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