MWOP.DE vs. XZEW.DE

Last updated Jun 26, 2026

MWOP.DE (Amundi MSCI World ESG Leaders UCITS ETF Acc) and XZEW.DE (Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C) are both exchange-traded funds - MWOP.DE is a ESG fund tracking the MSCI World ESG Leaders Select 5% Issuer Capped Index, while XZEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight ESG. Both are passively managed. Over the past year, MWOP.DE returned 28.71% vs 26.03% for XZEW.DE. A 0.75 correlation means they provide meaningful diversification when combined. MWOP.DE charges 0.18%/yr vs 0.17%/yr for XZEW.DE.

Performance

MWOP.DE vs. XZEW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi MSCI World ESG Leaders UCITS ETF Acc (MWOP.DE) and Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C (XZEW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MWOP.DE achieves a 12.91% return, which is significantly lower than XZEW.DE's 14.02% return.

MWOP.DE

• 1D: 0.00%
• 1M: 2.86%
• YTD: 12.91%
• 6M: 13.29%
• 1Y: 28.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XZEW.DE

• 1D: 0.00%
• 1M: 4.42%
• YTD: 14.02%
• 6M: 14.63%
• 1Y: 26.03%
• 3Y*: 13.83%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MWOP.DE vs. XZEW.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%
XZEW.DE Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C	14.02%	1.09%	18.02%	6.87%

Correlation

The correlation between MWOP.DE and XZEW.DE is 0.71, 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	0.71
Correlation (All Time) Calculated using the full available price history since Jul 7, 2023	0.75

The correlation between MWOP.DE and XZEW.DE has been stable across timeframes, ranging from 0.71 to 0.75 - a consistent structural relationship.

Return for Risk

MWOP.DE vs. XZEW.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MWOP.DE

MWOP.DE Risk / Return Rank: 77
MWOP.DE Sharpe Ratio Rank: 81
MWOP.DE Sortino Ratio Rank: 82
MWOP.DE Omega Ratio Rank: 81
MWOP.DE Calmar Ratio Rank: 71
MWOP.DE Martin Ratio Rank: 73

XZEW.DE

XZEW.DE Risk / Return Rank: 40
XZEW.DE Sharpe Ratio Rank: 32
XZEW.DE Sortino Ratio Rank: 34
XZEW.DE Omega Ratio Rank: 74
XZEW.DE Calmar Ratio Rank: 36
XZEW.DE Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MWOP.DE vs. XZEW.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 S&P 500 Equal Weight ESG UCITS ETF 1C (XZEW.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	XZEW.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.27	1.07	+1.20
Sortino ratio: Return per unit of downside risk	3.20	1.67	+1.53
Omega ratio: Gain probability vs. loss probability	1.42	1.38	+0.04
Calmar ratio: Return relative to maximum drawdown	3.10	1.66	+1.44
Martin ratio: Return relative to average drawdown	12.06	3.19	+8.87

MWOP.DE vs. XZEW.DE - Sharpe Ratio Comparison

The current MWOP.DE Sharpe Ratio is 2.27, which is higher than the XZEW.DE Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of MWOP.DE and XZEW.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MWOP.DE vs. XZEW.DE - Drawdown Comparison

The maximum MWOP.DE drawdown since its inception was -21.85%, smaller than the maximum XZEW.DE drawdown of -23.98%. Use the drawdown chart below to compare losses from any high point for MWOP.DE and XZEW.DE.

Drawdown Indicators

	MWOP.DE	XZEW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-21.85%	-23.98%	+2.13%
Max Drawdown (1Y) Largest decline over 1 year	-9.30%	-15.71%	+6.41%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.98%	—
Current Drawdown Current decline from peak	-0.39%	0.00%	-0.39%
Average Drawdown Average peak-to-trough decline	-2.94%	-6.28%	+3.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	8.16%	-5.77%

Volatility

MWOP.DE vs. XZEW.DE - Volatility Comparison

Amundi MSCI World ESG Leaders UCITS ETF Acc (MWOP.DE) has a higher volatility of 3.41% compared to Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C (XZEW.DE) at 2.21%. This indicates that MWOP.DE's price experiences larger fluctuations and is considered to be riskier than XZEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MWOP.DE	XZEW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	2.21%	+1.20%
Volatility (6M) Calculated over the trailing 6-month period	9.44%	7.24%	+2.20%
Volatility (1Y) Calculated over the trailing 1-year period	12.70%	24.30%	-11.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.94%	18.19%	-4.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.94%	18.19%	-4.25%

MWOP.DE vs. XZEW.DE - Expense Ratio Comparison

MWOP.DE has a 0.18% expense ratio, which is higher than XZEW.DE's 0.17% 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. XZEW.DE - Dividend Comparison

Neither MWOP.DE nor XZEW.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MWOP.DE and XZEW.DE in my portfolio?

MWOP.DE and XZEW.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MWOP.DE or XZEW.DE?

On fees, XZEW.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MWOP.DE or XZEW.DE?

XZEW.DE is cheaper with a 0.17% expense ratio, compared with 0.18% for MWOP.DE.

What is the main difference between MWOP.DE and XZEW.DE?

MWOP.DE is categorized as ESG, while XZEW.DE is S&P 500. MWOP.DE tracks MSCI World ESG Leaders Select 5% Issuer Capped Index, while XZEW.DE tracks S&P 500 Equal Weight ESG. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.18% for MWOP.DE and 0.17% for XZEW.DE.