MWOE.DE vs. SLMG.DE
MWOE.DE (Amundi MSCI World UCITS ETF - USD Dist) and SLMG.DE (iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - MWOE.DE is a Global Equities fund tracking the MSCI World, while SLMG.DE is a Emerging Markets Bonds fund tracking the JP Morgan ESG EMBI Global Diversified (EUR Hedged). Both are passively managed. Over the past 3 years, MWOE.DE returned 17.43%/yr vs 6.61%/yr for SLMG.DE. At a 0.36 correlation, their price movements are largely independent. MWOE.DE charges 0.12%/yr vs 0.50%/yr for SLMG.DE.
Performance
MWOE.DE vs. SLMG.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 SLMG.DE's 0.81% return.
MWOE.DE
- 1D
- -0.02%
- 1M
- 2.89%
- YTD
- 10.64%
- 6M
- 12.21%
- 1Y
- 24.17%
- 3Y*
- 17.43%
- 5Y*
- —
- 10Y*
- —
SLMG.DE
- 1D
- 0.61%
- 1M
- 1.01%
- YTD
- 0.81%
- 6M
- 1.43%
- 1Y
- 7.56%
- 3Y*
- 6.61%
- 5Y*
- -0.97%
- 10Y*
- —
MWOE.DE vs. SLMG.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% |
SLMG.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc | 0.81% | 10.76% | 3.24% | 7.20% | -0.74% |
Correlation
The correlation between MWOE.DE and SLMG.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2022 | 0.36 |
The correlation between MWOE.DE and SLMG.DE shifts across timeframes, from 0.32 (3 years) to 0.44 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MWOE.DE vs. SLMG.DE — Risk / Return Rank
MWOE.DE
SLMG.DE
MWOE.DE vs. SLMG.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 J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.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 | SLMG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.25 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 1.57 | +1.92 |
| Martin ratioReturn relative to average drawdown | 13.79 | 6.15 | +7.64 |
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Drawdowns
MWOE.DE vs. SLMG.DE - Drawdown Comparison
The maximum MWOE.DE drawdown since its inception was -21.83%, smaller than the maximum SLMG.DE drawdown of -31.14%. Use the drawdown chart below to compare losses from any high point for MWOE.DE and SLMG.DE.
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Drawdown Indicators
| MWOE.DE | SLMG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -31.14% | +9.31% |
Max Drawdown (1Y)Largest decline over 1 year | -6.74% | -4.78% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -8.08% | -13.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.75% | — |
Current DrawdownCurrent decline from peak | -0.33% | -6.57% | +6.24% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -12.80% | +9.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 1.23% | +0.48% |
Volatility
MWOE.DE vs. SLMG.DE - Volatility Comparison
Amundi MSCI World UCITS ETF - USD Dist (MWOE.DE) has a higher volatility of 2.63% compared to iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc (SLMG.DE) at 2.19%. This indicates that MWOE.DE's price experiences larger fluctuations and is considered to be riskier than SLMG.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 | SLMG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 2.19% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 7.67% | 4.72% | +2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 5.81% | +5.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 8.48% | +4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.41% | 10.32% | +3.09% |
MWOE.DE vs. SLMG.DE - Expense Ratio Comparison
MWOE.DE has a 0.12% expense ratio, which is lower than SLMG.DE's 0.50% expense ratio.
Dividends
MWOE.DE vs. SLMG.DE - Dividend Comparison
MWOE.DE's dividend yield for the trailing twelve months is around 0.95%, while SLMG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 0.95% | 1.33% | 1.20% | 0.58% |
SLMG.DE iShares J.P. Morgan ESG USD EM Bond UCITS ETF (EUR Hedged) Acc | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MWOE.DE and SLMG.DE have a correlation of 0.44, 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 0.50% for SLMG.DE.
MWOE.DE is categorized as Global Equities, while SLMG.DE is Emerging Markets Bonds. MWOE.DE tracks MSCI World, while SLMG.DE tracks JP Morgan ESG EMBI Global Diversified (EUR Hedged). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.12% for MWOE.DE and 0.50% for SLMG.DE.
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