MWOP.DE vs. XDNE.DE
MWOP.DE (Amundi MSCI World ESG Leaders UCITS ETF Acc) and XDNE.DE (Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc)) are both exchange-traded funds - MWOP.DE is a ESG fund tracking the MSCI World ESG Leaders Select 5% Issuer Capped Index, while XDNE.DE is a Japan Equities fund tracking the MSCI Japan Select Screened Index (EUR Hedged). Both are passively managed. Over the past 3 years, MWOP.DE returned 17.70%/yr vs 25.74%/yr for XDNE.DE. A 0.60 correlation means they provide meaningful diversification when combined. MWOP.DE charges 0.18%/yr vs 0.25%/yr for XDNE.DE.
Performance
MWOP.DE vs. XDNE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MWOP.DE achieves a 13.53% return, which is significantly lower than XDNE.DE's 20.22% return.
MWOP.DE
- 1D
- 0.00%
- 1M
- 0.71%
- 6M
- 11.42%
- YTD
- 13.53%
- 1Y
- 26.42%
- 3Y*
- 17.70%
- 5Y*
- —
- 10Y*
- —
XDNE.DE
- 1D
- -0.96%
- 1M
- 0.75%
- 6M
- 12.71%
- YTD
- 20.22%
- 1Y
- 48.22%
- 3Y*
- 25.74%
- 5Y*
- 19.09%
- 10Y*
- 13.77%
MWOP.DE vs. XDNE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MWOP.DE Amundi MSCI World ESG Leaders UCITS ETF Acc | 13.53% | 7.50% | 23.56% | 8.87% |
XDNE.DE Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) | 20.22% | 25.99% | 21.86% | 7.26% |
Correlation
The correlation between MWOP.DE and XDNE.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023 | 0.60 |
The correlation between MWOP.DE and XDNE.DE has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.
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Return for Risk
MWOP.DE vs. XDNE.DE — Risk / Return Rank
MWOP.DE
XDNE.DE
MWOP.DE vs. XDNE.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 Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) (XDNE.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 | XDNE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.41 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 4.82 | -1.97 |
| Martin ratioReturn relative to average drawdown | 11.05 | 16.26 | -5.21 |
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Drawdowns
MWOP.DE vs. XDNE.DE - Drawdown Comparison
The maximum MWOP.DE drawdown since its inception was -21.85%, smaller than the maximum XDNE.DE drawdown of -35.20%. Use the drawdown chart below to compare losses from any high point for MWOP.DE and XDNE.DE.
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Drawdown Indicators
| MWOP.DE | XDNE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.85% | -35.20% | +13.35% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -9.96% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -21.85% | -21.73% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.20% | — |
Current DrawdownCurrent decline from peak | -1.11% | -3.20% | +2.09% |
Average DrawdownAverage peak-to-trough decline | -2.90% | -8.27% | +5.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.96% | -0.56% |
Volatility
MWOP.DE vs. XDNE.DE - Volatility Comparison
The current volatility for Amundi MSCI World ESG Leaders UCITS ETF Acc (MWOP.DE) is 3.20%, while Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) (XDNE.DE) has a volatility of 6.99%. This indicates that MWOP.DE experiences smaller price fluctuations and is considered to be less risky than XDNE.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 | XDNE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 6.99% | -3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 9.60% | 16.52% | -6.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.86% | 20.91% | -8.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 18.70% | -4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.90% | 18.48% | -4.58% |
MWOP.DE vs. XDNE.DE - Expense Ratio Comparison
MWOP.DE has a 0.18% expense ratio, which is lower than XDNE.DE's 0.25% expense ratio. Despite the difference, 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. XDNE.DE - Dividend Comparison
Neither MWOP.DE nor XDNE.DE has paid dividends to shareholders.
Frequently Asked Questions
MWOP.DE and XDNE.DE have a correlation of 0.67, 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 0.25% for XDNE.DE.
MWOP.DE is categorized as ESG, while XDNE.DE is Japan Equities. MWOP.DE tracks MSCI World ESG Leaders Select 5% Issuer Capped Index, while XDNE.DE tracks MSCI Japan Select Screened Index (EUR Hedged). They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.18% for MWOP.DE and 0.25% for XDNE.DE.
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