MWSH.DE vs. IQQ0.DE
MWSH.DE (Amundi MSCI World SRI Climate Net Zero Ambition PAB UCITS ETF EUR Hedged (Acc)) and IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) are both Global Equities funds - MWSH.DE tracks the MSCI World SRI Filtered PAB Index (EUR Hedged) while IQQ0.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 5 years, MWSH.DE returned 8.73%/yr vs 6.03%/yr for IQQ0.DE. At a 0.44 correlation, their price movements are largely independent. MWSH.DE charges 0.20%/yr vs 0.30%/yr for IQQ0.DE.
Performance
MWSH.DE vs. IQQ0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MWSH.DE achieves a 14.77% return, which is significantly higher than IQQ0.DE's 4.80% return.
MWSH.DE
- 1D
- 1.04%
- 1M
- 3.30%
- 6M
- 14.95%
- YTD
- 14.77%
- 1Y
- 21.64%
- 3Y*
- 13.76%
- 5Y*
- 8.73%
- 10Y*
- —
IQQ0.DE
- 1D
- 0.31%
- 1M
- 3.14%
- 6M
- 5.58%
- YTD
- 4.80%
- 1Y
- 5.54%
- 3Y*
- 7.57%
- 5Y*
- 6.03%
- 10Y*
- 6.54%
MWSH.DE vs. IQQ0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MWSH.DE Amundi MSCI World SRI Climate Net Zero Ambition PAB UCITS ETF EUR Hedged (Acc) | 14.77% | 10.75% | 10.70% | 22.47% | -22.12% | 28.86% | 2.47% |
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 4.80% | -1.26% | 17.64% | 3.73% | -4.34% | 24.26% | -0.32% |
Correlation
The correlation between MWSH.DE and IQQ0.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2020 | 0.44 |
Over the past year, the correlation between MWSH.DE and IQQ0.DE has dropped to 0.16 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
MWSH.DE vs. IQQ0.DE — Risk / Return Rank
MWSH.DE
IQQ0.DE
MWSH.DE vs. IQQ0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World SRI Climate Net Zero Ambition PAB UCITS ETF EUR Hedged (Acc) (MWSH.DE) and iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.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.
| MWSH.DE | IQQ0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.12 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 1.06 | +1.25 |
| Martin ratioReturn relative to average drawdown | 8.99 | 2.60 | +6.38 |
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Drawdowns
MWSH.DE vs. IQQ0.DE - Drawdown Comparison
The maximum MWSH.DE drawdown since its inception was -26.96%, smaller than the maximum IQQ0.DE drawdown of -28.64%. Use the drawdown chart below to compare losses from any high point for MWSH.DE and IQQ0.DE.
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Drawdown Indicators
| MWSH.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.96% | -28.64% | +1.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.33% | -5.22% | -4.11% |
Max Drawdown (3Y)Largest decline over 3 years | -19.08% | -12.82% | -6.26% |
Max Drawdown (5Y)Largest decline over 5 years | -26.96% | -12.82% | -14.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.64% | — |
Current DrawdownCurrent decline from peak | -0.75% | -3.71% | +2.96% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -7.05% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 2.12% | +0.28% |
Volatility
MWSH.DE vs. IQQ0.DE - Volatility Comparison
Amundi MSCI World SRI Climate Net Zero Ambition PAB UCITS ETF EUR Hedged (Acc) (MWSH.DE) has a higher volatility of 4.84% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) at 2.22%. This indicates that MWSH.DE's price experiences larger fluctuations and is considered to be riskier than IQQ0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWSH.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 2.22% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 11.57% | 5.55% | +6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.19% | 7.87% | +6.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.65% | 10.09% | +6.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.33% | 12.76% | +3.57% |
MWSH.DE vs. IQQ0.DE - Expense Ratio Comparison
MWSH.DE has a 0.20% expense ratio, which is lower than IQQ0.DE's 0.30% expense ratio.
Dividends
MWSH.DE vs. IQQ0.DE - Dividend Comparison
Neither MWSH.DE nor IQQ0.DE has paid dividends to shareholders.
Frequently Asked Questions
MWSH.DE and IQQ0.DE have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MWSH.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWSH.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for IQQ0.DE.
MWSH.DE tracks MSCI World SRI Filtered PAB Index (EUR Hedged), while IQQ0.DE tracks MSCI World Minimum Volatility. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.20% for MWSH.DE and 0.30% for IQQ0.DE.
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