MWOE.DE vs. IQQ0.DE
MWOE.DE (Amundi MSCI World UCITS ETF - USD Dist) and IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) are both Global Equities funds - MWOE.DE tracks the MSCI World while IQQ0.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 3 years, MWOE.DE returned 17.43%/yr vs 6.35%/yr for IQQ0.DE. A 0.58 correlation means they provide meaningful diversification when combined. MWOE.DE charges 0.12%/yr vs 0.30%/yr for IQQ0.DE.
Performance
MWOE.DE vs. IQQ0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MWOE.DE achieves a 10.64% return, which is significantly higher than IQQ0.DE's 1.59% return.
MWOE.DE
- 1D
- -0.02%
- 1M
- 3.66%
- YTD
- 10.64%
- 6M
- 10.70%
- 1Y
- 23.42%
- 3Y*
- 17.43%
- 5Y*
- —
- 10Y*
- —
IQQ0.DE
- 1D
- -0.02%
- 1M
- 1.81%
- YTD
- 1.59%
- 6M
- 1.63%
- 1Y
- 0.25%
- 3Y*
- 6.35%
- 5Y*
- 6.14%
- 10Y*
- 6.81%
MWOE.DE vs. IQQ0.DE - 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% |
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 1.59% | -1.26% | 17.64% | 3.73% | -0.34% |
Correlation
The correlation between MWOE.DE and IQQ0.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 (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2022 | 0.58 |
Over the past year, the correlation between MWOE.DE and IQQ0.DE has dropped to 0.35 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
MWOE.DE vs. IQQ0.DE — Risk / Return Rank
MWOE.DE
IQQ0.DE
MWOE.DE vs. IQQ0.DE - 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 Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.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.
| MWOE.DE | IQQ0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.16 | ||
| Sortino ratioReturn per unit of downside risk | +2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.00 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | -0.05 | +3.55 |
| Martin ratioReturn relative to average drawdown | 13.79 | -0.12 | +13.91 |
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 | IQQ0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | -0.04 | +2.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.60 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.76 | +0.45 |
Drawdowns
MWOE.DE vs. IQQ0.DE - Drawdown Comparison
The maximum MWOE.DE drawdown since its inception was -21.83%, smaller than the maximum IQQ0.DE drawdown of -28.65%. Use the drawdown chart below to compare losses from any high point for MWOE.DE and IQQ0.DE.
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Drawdown Indicators
| MWOE.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -28.65% | +6.82% |
Max Drawdown (1Y)Largest decline over 1 year | -6.74% | -5.22% | -1.52% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -12.82% | -9.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.65% | — |
Current DrawdownCurrent decline from peak | -0.33% | -6.65% | +6.32% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -4.54% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.44% | -0.73% |
Volatility
MWOE.DE vs. IQQ0.DE - Volatility Comparison
Amundi MSCI World UCITS ETF - USD Dist (MWOE.DE) and iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) have volatilities of 2.63% and 2.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWOE.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 2.53% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.67% | 5.36% | +2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 7.78% | +3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 10.08% | +3.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 11.62% | +1.79% |
MWOE.DE vs. IQQ0.DE - Expense Ratio Comparison
MWOE.DE has a 0.12% expense ratio, which is lower than IQQ0.DE's 0.30% expense ratio.
Dividends
MWOE.DE vs. IQQ0.DE - Dividend Comparison
MWOE.DE's dividend yield for the trailing twelve months is around 0.95%, while IQQ0.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 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
MWOE.DE and IQQ0.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, 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 0.30% for IQQ0.DE.
MWOE.DE tracks MSCI World, while IQQ0.DE tracks MSCI World Minimum Volatility. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.12% for MWOE.DE and 0.30% for IQQ0.DE.
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