MWOP.DE vs. IQSA.DE
MWOP.DE (Amundi MSCI World ESG Leaders UCITS ETF Acc) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - MWOP.DE is a ESG fund tracking the MSCI World ESG Leaders Select 5% Issuer Capped Index, while IQSA.DE is a Global Equities fund actively managed by Invesco. MWOP.DE is passively managed, while IQSA.DE is actively managed. Over the past year, MWOP.DE returned 28.71% vs 34.22% for IQSA.DE. Their correlation of 0.90 suggests significant overlap in exposure. MWOP.DE charges 0.18%/yr vs 0.30%/yr for IQSA.DE.
Performance
MWOP.DE vs. IQSA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MWOP.DE achieves a 12.91% return, which is significantly lower than IQSA.DE's 17.73% return.
MWOP.DE
- 1D
- 0.00%
- 1M
- 2.86%
- YTD
- 12.91%
- 6M
- 13.29%
- 1Y
- 28.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IQSA.DE
- 1D
- 0.13%
- 1M
- 4.18%
- YTD
- 17.73%
- 6M
- 18.41%
- 1Y
- 34.22%
- 3Y*
- 22.76%
- 5Y*
- 15.57%
- 10Y*
- —
MWOP.DE vs. IQSA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MWOP.DE Amundi MSCI World ESG Leaders UCITS ETF Acc | 12.91% | 7.50% | 23.56% | 8.87% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 17.73% | 9.64% | 29.92% | 8.98% |
Correlation
The correlation between MWOP.DE and IQSA.DE is 0.90, 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 | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | 0.90 |
The correlation between MWOP.DE and IQSA.DE has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.
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Return for Risk
MWOP.DE vs. IQSA.DE — Risk / Return Rank
MWOP.DE
IQSA.DE
MWOP.DE vs. IQSA.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 Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.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.
| MWOP.DE | IQSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.50 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 5.50 | -2.40 |
| Martin ratioReturn relative to average drawdown | 12.06 | 22.71 | -10.66 |
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Drawdowns
MWOP.DE vs. IQSA.DE - Drawdown Comparison
The maximum MWOP.DE drawdown since its inception was -21.85%, smaller than the maximum IQSA.DE drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for MWOP.DE and IQSA.DE.
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Drawdown Indicators
| MWOP.DE | IQSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.85% | -34.12% | +12.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -6.20% | -3.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.35% | — |
Current DrawdownCurrent decline from peak | -0.39% | -0.23% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -4.78% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 1.50% | +0.89% |
Volatility
MWOP.DE vs. IQSA.DE - Volatility Comparison
Amundi MSCI World ESG Leaders UCITS ETF Acc (MWOP.DE) has a higher volatility of 3.41% compared to Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) at 3.12%. This indicates that MWOP.DE's price experiences larger fluctuations and is considered to be riskier than IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 3.12% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 9.44% | 9.06% | +0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.70% | 12.40% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 14.76% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.94% | 17.23% | -3.29% |
MWOP.DE vs. IQSA.DE - Expense Ratio Comparison
MWOP.DE has a 0.18% expense ratio, which is lower than IQSA.DE's 0.30% expense ratio.
Dividends
MWOP.DE vs. IQSA.DE - Dividend Comparison
Neither MWOP.DE nor IQSA.DE has paid dividends to shareholders.
Frequently Asked Questions
MWOP.DE and IQSA.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MWOP.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWOP.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for IQSA.DE.
MWOP.DE is categorized as ESG, while IQSA.DE is Global Equities. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.18% for MWOP.DE and 0.30% for IQSA.DE.
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