MWOJ.DE vs. SPYL.DE
MWOJ.DE (Amundi MSCI USA ESG Leaders Extra UCITS ETF USD Acc) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - MWOJ.DE is a Large Cap Blend Equities fund tracking the MSCI USA Select ESG Rating and Trend Leaders, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, MWOJ.DE returned 23.95% vs 25.56% for SPYL.DE. With a 0.95 correlation, they move nearly in lockstep. MWOJ.DE charges 0.10%/yr vs 0.03%/yr for SPYL.DE.
Performance
MWOJ.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MWOJ.DE achieves a 9.96% return, which is significantly lower than SPYL.DE's 11.37% return.
MWOJ.DE
- 1D
- 0.72%
- 1M
- 3.96%
- YTD
- 9.96%
- 6M
- 10.02%
- 1Y
- 23.95%
- 3Y*
- 18.57%
- 5Y*
- —
- 10Y*
- —
SPYL.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.86%
- 1Y
- 25.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MWOJ.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MWOJ.DE Amundi MSCI USA ESG Leaders Extra UCITS ETF USD Acc | 9.96% | 4.55% | 31.40% | 9.75% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between MWOJ.DE and SPYL.DE is 0.93, 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 | 0.93 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.95 |
The correlation between MWOJ.DE and SPYL.DE has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
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Return for Risk
MWOJ.DE vs. SPYL.DE — Risk / Return Rank
MWOJ.DE
SPYL.DE
MWOJ.DE vs. SPYL.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 State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.41 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 3.58 | -2.38 |
| Martin ratioReturn relative to average drawdown | 2.31 | 12.72 | -10.41 |
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 | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 2.21 | -1.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 1.54 | -0.61 |
Drawdowns
MWOJ.DE vs. SPYL.DE - Drawdown Comparison
The maximum MWOJ.DE drawdown since its inception was -24.58%, which is greater than SPYL.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for MWOJ.DE and SPYL.DE.
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Drawdown Indicators
| MWOJ.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.58% | -23.27% | -1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -20.06% | -7.13% | -12.93% |
Max Drawdown (3Y)Largest decline over 3 years | -24.58% | — | — |
Current DrawdownCurrent decline from peak | -4.53% | -0.46% | -4.07% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -3.24% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.40% | 2.01% | +8.39% |
Volatility
MWOJ.DE vs. SPYL.DE - Volatility Comparison
Amundi MSCI USA ESG Leaders Extra UCITS ETF USD Acc (MWOJ.DE) has a higher volatility of 3.32% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that MWOJ.DE's price experiences larger fluctuations and is considered to be riskier than SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 2.66% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 9.03% | 7.57% | +1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.12% | 11.52% | +13.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.34% | 14.61% | +4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 14.61% | +4.73% |
MWOJ.DE vs. SPYL.DE - Expense Ratio Comparison
MWOJ.DE has a 0.10% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MWOJ.DE vs. SPYL.DE - Dividend Comparison
Neither MWOJ.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, MWOJ.DE and SPYL.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.10% for MWOJ.DE.
MWOJ.DE is categorized as Large Cap Blend Equities, while SPYL.DE is S&P 500. MWOJ.DE tracks MSCI USA Select ESG Rating and Trend Leaders, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.10% for MWOJ.DE and 0.03% for SPYL.DE.
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