MWRE.DE vs. IS3Q.DE
MWRE.DE (Amundi Core MSCI World UCITS ETF Accumulating) and IS3Q.DE (iShares Edge MSCI World Quality Factor UCITS ETF (Acc)) are both Global Equities funds - MWRE.DE tracks the MSCI World while IS3Q.DE tracks the MSCI World Sector Neutral Quality. Both are passively managed. Over the past year, MWRE.DE returned 23.79% vs 18.81% for IS3Q.DE. Their correlation of 0.95 suggests significant overlap in exposure. MWRE.DE charges 0.12%/yr vs 0.30%/yr for IS3Q.DE.
Performance
MWRE.DE vs. IS3Q.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MWRE.DE achieves a 10.85% return, which is significantly higher than IS3Q.DE's 9.47% return.
MWRE.DE
- 1D
- -0.02%
- 1M
- 4.85%
- YTD
- 10.85%
- 6M
- 11.38%
- 1Y
- 23.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IS3Q.DE
- 1D
- 0.75%
- 1M
- 3.07%
- YTD
- 9.47%
- 6M
- 9.57%
- 1Y
- 18.81%
- 3Y*
- 15.09%
- 5Y*
- 11.35%
- 10Y*
- 12.05%
MWRE.DE vs. IS3Q.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MWRE.DE Amundi Core MSCI World UCITS ETF Accumulating | 10.85% | 7.94% | 6.30% |
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 9.47% | 2.80% | 4.20% |
Correlation
The correlation between MWRE.DE and IS3Q.DE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2024 | 0.95 |
The correlation between MWRE.DE and IS3Q.DE has been stable across timeframes, ranging from 0.92 to 0.95 - a consistent structural relationship.
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Return for Risk
MWRE.DE vs. IS3Q.DE — Risk / Return Rank
MWRE.DE
IS3Q.DE
MWRE.DE vs. IS3Q.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Core MSCI World UCITS ETF Accumulating (MWRE.DE) and iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.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.
| MWRE.DE | IS3Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.33 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 2.97 | +0.66 |
| Martin ratioReturn relative to average drawdown | 14.47 | 11.80 | +2.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MWRE.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 1.76 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.79 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.76 | +0.32 |
Drawdowns
MWRE.DE vs. IS3Q.DE - Drawdown Comparison
The maximum MWRE.DE drawdown since its inception was -21.68%, smaller than the maximum IS3Q.DE drawdown of -32.31%. Use the drawdown chart below to compare losses from any high point for MWRE.DE and IS3Q.DE.
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Drawdown Indicators
| MWRE.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.68% | -32.31% | +10.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -6.33% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.63% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.31% | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.12% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -4.61% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.60% | +0.04% |
Volatility
MWRE.DE vs. IS3Q.DE - Volatility Comparison
Amundi Core MSCI World UCITS ETF Accumulating (MWRE.DE) has a higher volatility of 2.56% compared to iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) at 2.37%. This indicates that MWRE.DE's price experiences larger fluctuations and is considered to be riskier than IS3Q.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWRE.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.56% | 2.37% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 7.31% | +0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.18% | 10.66% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.25% | 14.15% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.25% | 14.89% | +0.36% |
MWRE.DE vs. IS3Q.DE - Expense Ratio Comparison
MWRE.DE has a 0.12% expense ratio, which is lower than IS3Q.DE's 0.30% expense ratio.
Dividends
MWRE.DE vs. IS3Q.DE - Dividend Comparison
Neither MWRE.DE nor IS3Q.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, MWRE.DE and IS3Q.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, MWRE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWRE.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for IS3Q.DE.
MWRE.DE tracks MSCI World, while IS3Q.DE tracks MSCI World Sector Neutral Quality. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.12% for MWRE.DE and 0.30% for IS3Q.DE.
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