MWRE.DE vs. UETW.DE
MWRE.DE (Amundi Core MSCI World UCITS ETF Accumulating) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds tracking the MSCI World, from Amundi and UBS respectively. Both are passively managed. Over the past year, MWRE.DE returned 23.79% vs 23.94% for UETW.DE. With a 0.99 correlation, they move nearly in lockstep. MWRE.DE charges 0.12%/yr vs 0.10%/yr for UETW.DE.
Performance
MWRE.DE vs. UETW.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with MWRE.DE having a 10.85% return and UETW.DE slightly higher at 10.95%.
MWRE.DE
- 1D
- -0.02%
- 1M
- 4.85%
- YTD
- 10.85%
- 6M
- 11.38%
- 1Y
- 23.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UETW.DE
- 1D
- -0.01%
- 1M
- 3.72%
- YTD
- 10.95%
- 6M
- 10.99%
- 1Y
- 23.94%
- 3Y*
- 17.68%
- 5Y*
- 12.87%
- 10Y*
- —
MWRE.DE vs. UETW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MWRE.DE Amundi Core MSCI World UCITS ETF Accumulating | 10.85% | 7.94% | 6.30% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 10.95% | 8.06% | 6.23% |
Correlation
The correlation between MWRE.DE and UETW.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2024 | 0.99 |
The correlation between MWRE.DE and UETW.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
MWRE.DE vs. UETW.DE — Risk / Return Rank
MWRE.DE
UETW.DE
MWRE.DE vs. UETW.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 UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | 3.67 | -0.05 |
| Martin ratioReturn relative to average drawdown | 14.47 | 14.61 | -0.14 |
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 | UETW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 2.17 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 0.85 | +0.24 |
Drawdowns
MWRE.DE vs. UETW.DE - Drawdown Comparison
The maximum MWRE.DE drawdown since its inception was -21.68%, smaller than the maximum UETW.DE drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for MWRE.DE and UETW.DE.
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Drawdown Indicators
| MWRE.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.68% | -33.72% | +12.04% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -6.47% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.30% | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.30% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -4.63% | +0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.63% | +0.01% |
Volatility
MWRE.DE vs. UETW.DE - Volatility Comparison
Amundi Core MSCI World UCITS ETF Accumulating (MWRE.DE) and UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) have volatilities of 2.56% and 2.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWRE.DE | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.56% | 2.60% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.79% | 7.63% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.18% | 10.97% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.25% | 14.03% | +1.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.25% | 16.11% | -0.86% |
MWRE.DE vs. UETW.DE - Expense Ratio Comparison
MWRE.DE has a 0.12% expense ratio, which is higher than UETW.DE's 0.10% 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
MWRE.DE vs. UETW.DE - Dividend Comparison
Neither MWRE.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, MWRE.DE and UETW.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, UETW.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for MWRE.DE.
Both ETFs track MSCI World. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.12% for MWRE.DE and 0.10% for UETW.DE.
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