MWOE.DE vs. IBTU.L
MWOE.DE (Amundi MSCI World UCITS ETF - USD Dist) and IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both exchange-traded funds - MWOE.DE is a Global Equities fund tracking the MSCI World, while IBTU.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 3 years, MWOE.DE returned 17.43%/yr vs 1.96%/yr for IBTU.L. At a 0.10 correlation, their price movements are largely independent. MWOE.DE charges 0.12%/yr vs 0.07%/yr for IBTU.L.
Performance
MWOE.DE vs. IBTU.L - Performance Comparison
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Different Trading Currencies
MWOE.DE is traded in EUR, while IBTU.L is traded in USD. To make them comparable, the IBTU.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, MWOE.DE achieves a 10.64% return, which is significantly higher than IBTU.L's 2.55% return.
MWOE.DE
- 1D
- -0.02%
- 1M
- 3.66%
- YTD
- 10.64%
- 6M
- 10.70%
- 1Y
- 23.42%
- 3Y*
- 17.43%
- 5Y*
- —
- 10Y*
- —
IBTU.L
- 1D
- -0.12%
- 1M
- 1.45%
- YTD
- 2.55%
- 6M
- 2.02%
- 1Y
- 2.44%
- 3Y*
- 1.96%
- 5Y*
- 4.35%
- 10Y*
- —
MWOE.DE vs. IBTU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 10.64% | 7.87% | 25.72% | 19.87% | 0.54% |
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 2.55% | -8.02% | 12.18% | 1.81% | -2.97% |
Correlation
The correlation between MWOE.DE and IBTU.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2022 | 0.10 |
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Return for Risk
MWOE.DE vs. IBTU.L — Risk / Return Rank
MWOE.DE
IBTU.L
MWOE.DE vs. IBTU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World UCITS ETF - USD Dist (MWOE.DE) and iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L). 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.
| MWOE.DE | IBTU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.07 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 0.59 | +2.90 |
| Martin ratioReturn relative to average drawdown | 13.79 | 1.35 | +12.44 |
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
| MWOE.DE | IBTU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 0.36 | +1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.33 | +0.88 |
Drawdowns
MWOE.DE vs. IBTU.L - Drawdown Comparison
The maximum MWOE.DE drawdown since its inception was -21.83%, which is greater than IBTU.L's maximum drawdown of -13.27%. Use the drawdown chart below to compare losses from any high point for MWOE.DE and IBTU.L.
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Drawdown Indicators
| MWOE.DE | IBTU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -13.27% | -8.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.74% | -3.78% | -2.96% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -11.54% | -10.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.78% | — |
Current DrawdownCurrent decline from peak | -0.33% | -6.76% | +6.43% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -5.82% | +2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.66% | +0.05% |
Volatility
MWOE.DE vs. IBTU.L - Volatility Comparison
Amundi MSCI World UCITS ETF - USD Dist (MWOE.DE) has a higher volatility of 2.63% compared to iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) at 1.25%. This indicates that MWOE.DE's price experiences larger fluctuations and is considered to be riskier than IBTU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWOE.DE | IBTU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 1.25% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 7.67% | 4.22% | +3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 6.15% | +4.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 7.57% | +5.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 7.32% | +6.09% |
MWOE.DE vs. IBTU.L - Expense Ratio Comparison
MWOE.DE has a 0.12% expense ratio, which is higher than IBTU.L'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
MWOE.DE vs. IBTU.L - Dividend Comparison
MWOE.DE's dividend yield for the trailing twelve months is around 0.95%, less than IBTU.L's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.07% | 4.43% | 6.82% | 3.99% | 0.44% | 0.10% | 1.28% | 1.21% |
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 0.95% | 1.33% | 1.20% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MWOE.DE and IBTU.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTU.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTU.L is cheaper with a 0.07% expense ratio, compared with 0.12% for MWOE.DE.
MWOE.DE is categorized as Global Equities, while IBTU.L is Government Bonds. MWOE.DE tracks MSCI World, while IBTU.L tracks ICE U.S. Treasury Short Bond Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.12% for MWOE.DE and 0.07% for IBTU.L.
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