MWOE.DE vs. MJMT.DE
MWOE.DE (Amundi MSCI World UCITS ETF - USD Dist) and MJMT.DE (Amundi MSCI Europe Momentum Factor UCITS ETF EUR) are both exchange-traded funds - MWOE.DE is a Global Equities fund tracking the MSCI World, while MJMT.DE is a Momentum fund tracking the MSCI Europe Momentum Index. Both are passively managed. Over the past 3 years, MWOE.DE returned 17.43%/yr vs 20.45%/yr for MJMT.DE. A 0.68 correlation means they provide meaningful diversification when combined. MWOE.DE charges 0.12%/yr vs 0.23%/yr for MJMT.DE.
Performance
MWOE.DE vs. MJMT.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 MJMT.DE's 9.28% return.
MWOE.DE
- 1D
- -0.02%
- 1M
- 2.89%
- YTD
- 10.64%
- 6M
- 12.21%
- 1Y
- 24.17%
- 3Y*
- 17.43%
- 5Y*
- —
- 10Y*
- —
MJMT.DE
- 1D
- 1.82%
- 1M
- 2.83%
- YTD
- 9.28%
- 6M
- 12.67%
- 1Y
- 21.10%
- 3Y*
- 20.45%
- 5Y*
- 11.60%
- 10Y*
- 12.16%
MWOE.DE vs. MJMT.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% | -0.40% |
MJMT.DE Amundi MSCI Europe Momentum Factor UCITS ETF EUR | 9.28% | 27.24% | 19.93% | 13.04% | 1.74% |
Correlation
The correlation between MWOE.DE and MJMT.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2022 | 0.68 |
The correlation between MWOE.DE and MJMT.DE has been stable across timeframes, ranging from 0.68 to 0.69 - a consistent structural relationship.
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Return for Risk
MWOE.DE vs. MJMT.DE — Risk / Return Rank
MWOE.DE
MJMT.DE
MWOE.DE vs. MJMT.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 Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.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.
| MWOE.DE | MJMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.23 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 1.82 | +1.68 |
| Martin ratioReturn relative to average drawdown | 13.79 | 6.92 | +6.87 |
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Drawdowns
MWOE.DE vs. MJMT.DE - Drawdown Comparison
The maximum MWOE.DE drawdown since its inception was -21.83%, smaller than the maximum MJMT.DE drawdown of -31.35%. Use the drawdown chart below to compare losses from any high point for MWOE.DE and MJMT.DE.
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Drawdown Indicators
| MWOE.DE | MJMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -31.35% | +9.52% |
Max Drawdown (1Y)Largest decline over 1 year | -6.74% | -11.56% | +4.82% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -15.62% | -6.21% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.84% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.35% | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.21% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -5.25% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 3.04% | -1.33% |
Volatility
MWOE.DE vs. MJMT.DE - Volatility Comparison
The current volatility for Amundi MSCI World UCITS ETF - USD Dist (MWOE.DE) is 2.63%, while Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.DE) has a volatility of 4.75%. This indicates that MWOE.DE experiences smaller price fluctuations and is considered to be less risky than MJMT.DE 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 | MJMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 4.75% | -2.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.67% | 14.65% | -6.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 17.11% | -6.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 16.36% | -2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 16.37% | -2.96% |
MWOE.DE vs. MJMT.DE - Expense Ratio Comparison
MWOE.DE has a 0.12% expense ratio, which is lower than MJMT.DE's 0.23% 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
MWOE.DE vs. MJMT.DE - Dividend Comparison
MWOE.DE's dividend yield for the trailing twelve months is around 0.95%, while MJMT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MJMT.DE Amundi MSCI Europe Momentum Factor UCITS ETF EUR | 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 MJMT.DE have a correlation of 0.68, 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 0.23% for MJMT.DE.
MWOE.DE is categorized as Global Equities, while MJMT.DE is Momentum. MWOE.DE tracks MSCI World, while MJMT.DE tracks MSCI Europe Momentum Index. Their fees differ too: 0.12% for MWOE.DE and 0.23% for MJMT.DE.
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