MWOZ.L vs. SMH.L
MWOZ.L (Amundi Prime Global UCITS ETF Dist) and SMH.L (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - MWOZ.L is a Global Equities fund tracking the Solactive GBS Developed Markets Large & Mid Cap Index, while SMH.L is a Semiconductors fund tracking the MarketVector US Listed Semiconductor 10% Capped Screened Index. Both are passively managed. Over the past year, MWOZ.L returned 26.92% vs 167.51% for SMH.L. A 0.70 correlation means they provide meaningful diversification when combined. MWOZ.L charges 0.05%/yr vs 0.35%/yr for SMH.L.
Performance
MWOZ.L vs. SMH.L - Performance Comparison
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Different Trading Currencies
MWOZ.L is traded in GBP, while SMH.L is traded in USD. To make them comparable, the SMH.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, MWOZ.L achieves a 10.47% return, which is significantly lower than SMH.L's 95.82% return.
MWOZ.L
- 1D
- 0.00%
- 1M
- 0.99%
- YTD
- 10.47%
- 6M
- 10.56%
- 1Y
- 26.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMH.L
- 1D
- 1.96%
- 1M
- 11.22%
- YTD
- 95.82%
- 6M
- 96.78%
- 1Y
- 167.51%
- 3Y*
- 60.11%
- 5Y*
- 38.70%
- 10Y*
- —
MWOZ.L vs. SMH.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MWOZ.L Amundi Prime Global UCITS ETF Dist | 10.47% | 8.44% |
SMH.L VanEck Semiconductor UCITS ETF | 95.82% | 37.85% |
Correlation
The correlation between MWOZ.L and SMH.L is 0.62, 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 | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025 | 0.70 |
The correlation between MWOZ.L and SMH.L has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.
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Return for Risk
MWOZ.L vs. SMH.L — Risk / Return Rank
MWOZ.L
SMH.L
MWOZ.L vs. SMH.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime Global UCITS ETF Dist (MWOZ.L) and VanEck Semiconductor UCITS ETF (SMH.L). 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.
| MWOZ.L | SMH.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.65 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 13.61 | -9.53 |
| Martin ratioReturn relative to average drawdown | 16.19 | 45.15 | -28.96 |
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Drawdowns
MWOZ.L vs. SMH.L - Drawdown Comparison
The maximum MWOZ.L drawdown since its inception was -18.50%, smaller than the maximum SMH.L drawdown of -36.36%. Use the drawdown chart below to compare losses from any high point for MWOZ.L and SMH.L.
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Drawdown Indicators
| MWOZ.L | SMH.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.50% | -36.36% | +17.86% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -12.23% | +5.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -36.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.36% | — |
Current DrawdownCurrent decline from peak | -0.73% | -3.80% | +3.07% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -9.76% | +6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 3.69% | -2.02% |
Volatility
MWOZ.L vs. SMH.L - Volatility Comparison
The current volatility for Amundi Prime Global UCITS ETF Dist (MWOZ.L) is 3.31%, while VanEck Semiconductor UCITS ETF (SMH.L) has a volatility of 13.95%. This indicates that MWOZ.L experiences smaller price fluctuations and is considered to be less risky than SMH.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWOZ.L | SMH.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 13.95% | -10.64% |
Volatility (6M)Calculated over the trailing 6-month period | 7.87% | 27.08% | -19.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.81% | 33.68% | -22.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.96% | 31.75% | -17.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.96% | 31.33% | -17.37% |
MWOZ.L vs. SMH.L - Expense Ratio Comparison
MWOZ.L has a 0.05% expense ratio, which is lower than SMH.L's 0.35% expense ratio.
Dividends
MWOZ.L vs. SMH.L - Dividend Comparison
MWOZ.L's dividend yield for the trailing twelve months is around 1.20%, while SMH.L has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
MWOZ.L Amundi Prime Global UCITS ETF Dist | 1.20% | 1.60% |
SMH.L VanEck Semiconductor UCITS ETF | 0.00% | 0.00% |
Frequently Asked Questions
MWOZ.L and SMH.L have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MWOZ.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWOZ.L is cheaper with a 0.05% expense ratio, compared with 0.35% for SMH.L.
MWOZ.L is categorized as Global Equities, while SMH.L is Semiconductors. MWOZ.L tracks Solactive GBS Developed Markets Large & Mid Cap Index, while SMH.L tracks MarketVector US Listed Semiconductor 10% Capped Screened Index. They also come from different issuers: Amundi and VanEck. Their fees differ too: 0.05% for MWOZ.L and 0.35% for SMH.L.
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