MWOJ.DE vs. IBCY.DE
MWOJ.DE (Amundi MSCI USA ESG Leaders Extra UCITS ETF USD Acc) and IBCY.DE (iShares Edge MSCI USA Multifactor UCITS ETF) are both Large Cap Blend Equities funds - MWOJ.DE tracks the MSCI USA Select ESG Rating and Trend Leaders while IBCY.DE tracks the MSCI USA Diversified Multiple-Factor. Both are passively managed. Over the past 3 years, MWOJ.DE returned 18.57%/yr vs 13.97%/yr for IBCY.DE. A 0.79 correlation means they provide meaningful diversification when combined. MWOJ.DE charges 0.10%/yr vs 0.35%/yr for IBCY.DE.
Performance
MWOJ.DE vs. IBCY.DE - Performance Comparison
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Returns By Period
MWOJ.DE
- 1D
- 0.72%
- 1M
- 3.96%
- YTD
- 9.96%
- 6M
- 10.02%
- 1Y
- 23.95%
- 3Y*
- 18.57%
- 5Y*
- —
- 10Y*
- —
IBCY.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 13.22%
- 3Y*
- 13.97%
- 5Y*
- 10.27%
- 10Y*
- 11.22%
MWOJ.DE vs. IBCY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MWOJ.DE Amundi MSCI USA ESG Leaders Extra UCITS ETF USD Acc | 9.96% | 4.55% | 31.40% | 25.52% | -6.87% |
IBCY.DE iShares Edge MSCI USA Multifactor UCITS ETF | 0.00% | 6.35% | 29.21% | 13.73% | -8.01% |
Correlation
The correlation between MWOJ.DE and IBCY.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2022 | 0.79 |
Over the past year, the correlation between MWOJ.DE and IBCY.DE has dropped to 0.48 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
MWOJ.DE vs. IBCY.DE — Risk / Return Rank
MWOJ.DE
IBCY.DE
MWOJ.DE vs. IBCY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI USA ESG Leaders Extra UCITS ETF USD Acc (MWOJ.DE) and iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.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.
| MWOJ.DE | IBCY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.56 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 4.08 | -2.89 |
| Martin ratioReturn relative to average drawdown | 2.31 | 19.99 | -17.67 |
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
| MWOJ.DE | IBCY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.70 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.63 | +0.29 |
Drawdowns
MWOJ.DE vs. IBCY.DE - Drawdown Comparison
The maximum MWOJ.DE drawdown since its inception was -24.58%, smaller than the maximum IBCY.DE drawdown of -35.54%. Use the drawdown chart below to compare losses from any high point for MWOJ.DE and IBCY.DE.
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Drawdown Indicators
| MWOJ.DE | IBCY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.58% | -35.54% | +10.96% |
Max Drawdown (1Y)Largest decline over 1 year | -20.06% | -3.26% | -16.80% |
Max Drawdown (3Y)Largest decline over 3 years | -24.58% | -22.91% | -1.67% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.54% | — |
Current DrawdownCurrent decline from peak | -4.53% | 0.00% | -4.53% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -4.95% | -0.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.40% | 0.67% | +9.73% |
Volatility
MWOJ.DE vs. IBCY.DE - Volatility Comparison
Amundi MSCI USA ESG Leaders Extra UCITS ETF USD Acc (MWOJ.DE) has a higher volatility of 3.32% compared to iShares Edge MSCI USA Multifactor UCITS ETF (IBCY.DE) at 0.00%. This indicates that MWOJ.DE's price experiences larger fluctuations and is considered to be riskier than IBCY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWOJ.DE | IBCY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 0.00% | +3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 9.03% | 0.00% | +9.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.12% | 7.99% | +17.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.34% | 14.77% | +4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 16.12% | +3.22% |
MWOJ.DE vs. IBCY.DE - Expense Ratio Comparison
MWOJ.DE has a 0.10% expense ratio, which is lower than IBCY.DE's 0.35% expense ratio.
Dividends
MWOJ.DE vs. IBCY.DE - Dividend Comparison
Neither MWOJ.DE nor IBCY.DE has paid dividends to shareholders.
Frequently Asked Questions
MWOJ.DE and IBCY.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MWOJ.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWOJ.DE is cheaper with a 0.10% expense ratio, compared with 0.35% for IBCY.DE.
MWOJ.DE tracks MSCI USA Select ESG Rating and Trend Leaders, while IBCY.DE tracks MSCI USA Diversified Multiple-Factor. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.10% for MWOJ.DE and 0.35% for IBCY.DE.
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