MWOZ.L vs. WNRG.L
MWOZ.L (Amundi Prime Global UCITS ETF Dist) and WNRG.L (State Street SPDR MSCI World Energy UCITS ETF) are both Global Equities funds - MWOZ.L tracks the Solactive GBS Developed Markets Large & Mid Cap Index while WNRG.L tracks the State Street SPDR MSCI World Energy UCITS ETF. Both are passively managed. Over the past year, MWOZ.L returned 22.33% vs 31.69% for WNRG.L. At a 0.06 correlation, their price movements are largely independent. MWOZ.L charges 0.05%/yr vs 0.30%/yr for WNRG.L.
Performance
MWOZ.L vs. WNRG.L - Performance Comparison
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Different Trading Currencies
MWOZ.L is traded in GBP, while WNRG.L is traded in USD. To make them comparable, the WNRG.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 10.79% return, which is significantly lower than WNRG.L's 24.32% return.
MWOZ.L
- 1D
- 0.00%
- 1M
- 0.45%
- 6M
- 9.49%
- YTD
- 10.79%
- 1Y
- 22.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WNRG.L
- 1D
- 0.00%
- 1M
- -0.01%
- 6M
- 17.92%
- YTD
- 24.32%
- 1Y
- 31.69%
- 3Y*
- 14.63%
- 5Y*
- 20.41%
- 10Y*
- 8.31%
MWOZ.L vs. WNRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MWOZ.L Amundi Prime Global UCITS ETF Dist | 10.79% | 8.44% |
WNRG.L State Street SPDR MSCI World Energy UCITS ETF | 24.32% | 0.74% |
Correlation
The correlation between MWOZ.L and WNRG.L is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025 | 0.06 |
The correlation between MWOZ.L and WNRG.L shifts across timeframes, from -0.13 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MWOZ.L vs. WNRG.L — Risk / Return Rank
MWOZ.L
WNRG.L
MWOZ.L vs. WNRG.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 State Street SPDR MSCI World Energy UCITS ETF (WNRG.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 | WNRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.28 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 1.98 | +1.40 |
| Martin ratioReturn relative to average drawdown | 13.30 | 5.17 | +8.13 |
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Drawdowns
MWOZ.L vs. WNRG.L - Drawdown Comparison
The maximum MWOZ.L drawdown since its inception was -18.50%, smaller than the maximum WNRG.L drawdown of -59.34%. Use the drawdown chart below to compare losses from any high point for MWOZ.L and WNRG.L.
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Drawdown Indicators
| MWOZ.L | WNRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.50% | -59.34% | +40.84% |
Max Drawdown (1Y)Largest decline over 1 year | -6.63% | -16.52% | +9.89% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.34% | — |
Current DrawdownCurrent decline from peak | -0.44% | -12.57% | +12.13% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -12.66% | +9.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 6.33% | -4.65% |
Volatility
MWOZ.L vs. WNRG.L - Volatility Comparison
The current volatility for Amundi Prime Global UCITS ETF Dist (MWOZ.L) is 2.77%, while State Street SPDR MSCI World Energy UCITS ETF (WNRG.L) has a volatility of 6.73%. This indicates that MWOZ.L experiences smaller price fluctuations and is considered to be less risky than WNRG.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 | WNRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 6.73% | -3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 8.05% | 18.58% | -10.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 21.43% | -10.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.82% | 23.88% | -10.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.82% | 33.21% | -19.39% |
MWOZ.L vs. WNRG.L - Expense Ratio Comparison
MWOZ.L has a 0.05% expense ratio, which is lower than WNRG.L's 0.30% expense ratio.
Dividends
MWOZ.L vs. WNRG.L - Dividend Comparison
MWOZ.L's dividend yield for the trailing twelve months is around 1.19%, while WNRG.L has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
MWOZ.L Amundi Prime Global UCITS ETF Dist | 1.19% | 1.60% |
WNRG.L State Street SPDR MSCI World Energy UCITS ETF | 0.00% | 0.00% |
Frequently Asked Questions
MWOZ.L and WNRG.L have a correlation of -0.13, 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 0.30% for WNRG.L.
MWOZ.L tracks Solactive GBS Developed Markets Large & Mid Cap Index, while WNRG.L tracks State Street SPDR MSCI World Energy UCITS ETF. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.05% for MWOZ.L and 0.30% for WNRG.L.
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