MWOP.DE vs. WELE.DE
MWOP.DE (Amundi MSCI World ESG Leaders UCITS ETF Acc) and WELE.DE (Amundi S&P 500 Equal Weight ESG UCITS ETF Acc) are both ESG funds from Amundi - MWOP.DE tracks the MSCI World ESG Leaders Select 5% Issuer Capped Index while WELE.DE tracks the S&P 500 Equal Weight ESG Leaders Select Index. Both are passively managed. Over the past year, MWOP.DE returned 28.71% vs 22.80% for WELE.DE. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.
Performance
MWOP.DE vs. WELE.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 12.91% return and WELE.DE slightly lower at 12.37%.
MWOP.DE
- 1D
- 0.00%
- 1M
- 2.86%
- YTD
- 12.91%
- 6M
- 13.29%
- 1Y
- 28.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WELE.DE
- 1D
- 0.00%
- 1M
- 5.09%
- YTD
- 12.37%
- 6M
- 13.05%
- 1Y
- 22.80%
- 3Y*
- 12.68%
- 5Y*
- —
- 10Y*
- —
MWOP.DE vs. WELE.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% |
WELE.DE Amundi S&P 500 Equal Weight ESG UCITS ETF Acc | 12.37% | 0.70% | 16.40% | 6.95% |
Correlation
The correlation between MWOP.DE and WELE.DE is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | 0.76 |
The correlation between MWOP.DE and WELE.DE has been stable across timeframes, ranging from 0.75 to 0.76 - a consistent structural relationship.
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Return for Risk
MWOP.DE vs. WELE.DE — Risk / Return Rank
MWOP.DE
WELE.DE
MWOP.DE vs. WELE.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 Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.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 | WELE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.36 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 3.65 | -0.55 |
| Martin ratioReturn relative to average drawdown | 12.06 | 12.10 | -0.05 |
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Drawdowns
MWOP.DE vs. WELE.DE - Drawdown Comparison
The maximum MWOP.DE drawdown since its inception was -21.85%, smaller than the maximum WELE.DE drawdown of -23.73%. Use the drawdown chart below to compare losses from any high point for MWOP.DE and WELE.DE.
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Drawdown Indicators
| MWOP.DE | WELE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.85% | -23.73% | +1.88% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -6.28% | -3.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.73% | — |
Current DrawdownCurrent decline from peak | -0.39% | 0.00% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -5.55% | +2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 1.89% | +0.50% |
Volatility
MWOP.DE vs. WELE.DE - Volatility Comparison
Amundi MSCI World ESG Leaders UCITS ETF Acc (MWOP.DE) has a higher volatility of 3.41% compared to Amundi S&P 500 Equal Weight ESG UCITS ETF Acc (WELE.DE) at 2.45%. This indicates that MWOP.DE's price experiences larger fluctuations and is considered to be riskier than WELE.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 | WELE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 2.45% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.44% | 7.84% | +1.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.70% | 11.50% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 14.39% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.94% | 14.39% | -0.45% |
MWOP.DE vs. WELE.DE - Expense Ratio Comparison
Both MWOP.DE and WELE.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
MWOP.DE vs. WELE.DE - Dividend Comparison
Neither MWOP.DE nor WELE.DE has paid dividends to shareholders.
Frequently Asked Questions
MWOP.DE and WELE.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
MWOP.DE and WELE.DE have the same expense ratio: 0.18% per year.
MWOP.DE tracks MSCI World ESG Leaders Select 5% Issuer Capped Index, while WELE.DE tracks S&P 500 Equal Weight ESG Leaders Select Index.
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