MWOP.DE vs. ETLQ.DE
MWOP.DE (Amundi MSCI World ESG Leaders UCITS ETF Acc) and ETLQ.DE (L&G Global Equity UCITS ETF) are both Global Equities funds - MWOP.DE tracks the MSCI World ESG Leaders Select 5% Issuer Capped while ETLQ.DE tracks the Solactive Core Developed Markets Large & Mid Cap. Both are passively managed. Over the past 5 years, MWOP.DE returned 12.63%/yr vs 13.10%/yr for ETLQ.DE. With a 0.97 correlation, they move nearly in lockstep. MWOP.DE charges 0.18%/yr vs 0.10%/yr for ETLQ.DE.
Performance
MWOP.DE vs. ETLQ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with MWOP.DE having a 11.41% return and ETLQ.DE slightly lower at 10.88%.
MWOP.DE
- 1D
- 0.31%
- 1M
- 4.70%
- YTD
- 11.41%
- 6M
- 11.86%
- 1Y
- 25.23%
- 3Y*
- 17.27%
- 5Y*
- 12.63%
- 10Y*
- —
ETLQ.DE
- 1D
- 0.00%
- 1M
- 3.89%
- YTD
- 10.88%
- 6M
- 10.99%
- 1Y
- 23.85%
- 3Y*
- 17.73%
- 5Y*
- 13.10%
- 10Y*
- —
MWOP.DE vs. ETLQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MWOP.DE Amundi MSCI World ESG Leaders UCITS ETF Acc | 11.41% | 7.50% | 23.56% | 21.34% | -15.58% | 36.13% | 10.73% |
ETLQ.DE L&G Global Equity UCITS ETF | 10.88% | 8.14% | 26.10% | 20.83% | -13.64% | 32.63% | 14.71% |
Correlation
The correlation between MWOP.DE and ETLQ.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | 0.97 |
The correlation between MWOP.DE and ETLQ.DE has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
MWOP.DE vs. ETLQ.DE — Risk / Return Rank
MWOP.DE
ETLQ.DE
MWOP.DE vs. ETLQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World ESG Leaders UCITS ETF Acc (MWOP.DE) and L&G Global Equity UCITS ETF (ETLQ.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.
| MWOP.DE | ETLQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.39 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 3.56 | -0.86 |
| Martin ratioReturn relative to average drawdown | 10.38 | 14.23 | -3.85 |
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
| MWOP.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 2.13 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.92 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.93 | +0.06 |
Drawdowns
MWOP.DE vs. ETLQ.DE - Drawdown Comparison
The maximum MWOP.DE drawdown since its inception was -21.85%, smaller than the maximum ETLQ.DE drawdown of -33.38%. Use the drawdown chart below to compare losses from any high point for MWOP.DE and ETLQ.DE.
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Drawdown Indicators
| MWOP.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.85% | -33.38% | +11.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -6.68% | -2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -21.85% | -21.58% | -0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -21.85% | -21.58% | -0.27% |
Current DrawdownCurrent decline from peak | 0.00% | -0.34% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -4.44% | -4.33% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 1.68% | +0.75% |
Volatility
MWOP.DE vs. ETLQ.DE - Volatility Comparison
Amundi MSCI World ESG Leaders UCITS ETF Acc (MWOP.DE) has a higher volatility of 3.06% compared to L&G Global Equity UCITS ETF (ETLQ.DE) at 2.68%. This indicates that MWOP.DE's price experiences larger fluctuations and is considered to be riskier than ETLQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWOP.DE | ETLQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 2.68% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 8.98% | 7.77% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.32% | 11.18% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.62% | 14.06% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.74% | 15.74% | -1.00% |
MWOP.DE vs. ETLQ.DE - Expense Ratio Comparison
MWOP.DE has a 0.18% expense ratio, which is higher than ETLQ.DE's 0.10% 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
MWOP.DE vs. ETLQ.DE - Dividend Comparison
Neither MWOP.DE nor ETLQ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, MWOP.DE and ETLQ.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, ETLQ.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETLQ.DE is cheaper with a 0.10% expense ratio, compared with 0.18% for MWOP.DE.
MWOP.DE tracks MSCI World ESG Leaders Select 5% Issuer Capped, while ETLQ.DE tracks Solactive Core Developed Markets Large & Mid Cap. They also come from different issuers: Amundi and Legal & General. Their fees differ too: 0.18% for MWOP.DE and 0.10% for ETLQ.DE.
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