MWOE.DE vs. XDEM.DE
MWOE.DE (Amundi MSCI World UCITS ETF - USD Dist) and XDEM.DE (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) are both exchange-traded funds - MWOE.DE is a Global Equities fund tracking the MSCI World, while XDEM.DE is a Momentum fund tracking the MSCI World Momentum Index. Both are passively managed. Over the past 3 years, MWOE.DE returned 18.18%/yr vs 28.45%/yr for XDEM.DE. Their correlation of 0.81 suggests significant overlap in exposure. MWOE.DE charges 0.12%/yr vs 0.25%/yr for XDEM.DE.
Performance
MWOE.DE vs. XDEM.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MWOE.DE achieves a 11.62% return, which is significantly lower than XDEM.DE's 29.03% return.
MWOE.DE
- 1D
- 0.00%
- 1M
- 1.33%
- YTD
- 11.62%
- 6M
- 11.99%
- 1Y
- 25.41%
- 3Y*
- 18.18%
- 5Y*
- —
- 10Y*
- —
XDEM.DE
- 1D
- 1.63%
- 1M
- 6.79%
- YTD
- 29.03%
- 6M
- 28.98%
- 1Y
- 40.31%
- 3Y*
- 28.45%
- 5Y*
- 15.28%
- 10Y*
- 16.73%
MWOE.DE vs. XDEM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 11.62% | 7.93% | 25.86% | 19.92% | -9.48% |
XDEM.DE Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 29.03% | 8.09% | 38.22% | 8.18% | -1.83% |
Correlation
The correlation between MWOE.DE and XDEM.DE is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2022 | 0.81 |
The correlation between MWOE.DE and XDEM.DE has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MWOE.DE vs. XDEM.DE — Risk / Return Rank
MWOE.DE
XDEM.DE
MWOE.DE vs. XDEM.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 Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.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 | XDEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.40 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 4.45 | -2.89 |
| Martin ratioReturn relative to average drawdown | 2.75 | 16.95 | -14.20 |
Loading charts...
Drawdowns
MWOE.DE vs. XDEM.DE - Drawdown Comparison
The maximum MWOE.DE drawdown since its inception was -21.83%, smaller than the maximum XDEM.DE drawdown of -30.94%. Use the drawdown chart below to compare losses from any high point for MWOE.DE and XDEM.DE.
Loading charts...
Drawdown Indicators
| MWOE.DE | XDEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.83% | -30.94% | +9.11% |
Max Drawdown (1Y)Largest decline over 1 year | -16.32% | -9.01% | -7.31% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -23.51% | +1.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.94% | — |
Current DrawdownCurrent decline from peak | -2.80% | -1.24% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -5.20% | -7.38% | +2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.26% | 2.37% | +6.89% |
Volatility
MWOE.DE vs. XDEM.DE - Volatility Comparison
The current volatility for Amundi MSCI World UCITS ETF - USD Dist (MWOE.DE) is 2.96%, while Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE) has a volatility of 6.97%. This indicates that MWOE.DE experiences smaller price fluctuations and is considered to be less risky than XDEM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MWOE.DE | XDEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 6.97% | -4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 8.03% | 15.01% | -6.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.37% | 17.90% | +6.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 17.51% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.53% | 18.14% | -0.61% |
MWOE.DE vs. XDEM.DE - Expense Ratio Comparison
MWOE.DE has a 0.12% expense ratio, which is lower than XDEM.DE's 0.25% 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. XDEM.DE - Dividend Comparison
MWOE.DE's dividend yield for the trailing twelve months is around 1.12%, while XDEM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist | 1.12% | 1.38% | 1.29% | 0.62% |
XDEM.DE Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MWOE.DE and XDEM.DE have a correlation of 0.80, 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 0.25% for XDEM.DE.
MWOE.DE is categorized as Global Equities, while XDEM.DE is Momentum. MWOE.DE tracks MSCI World, while XDEM.DE tracks MSCI World Momentum Index. They also come from different issuers: Amundi and DWS. Their fees differ too: 0.12% for MWOE.DE and 0.25% for XDEM.DE.
Find the right allocation for MWOE.DE and XDEM.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer