MXWO.L vs. MWOZ.L
MXWO.L (Invesco MSCI World UCITS ETF) and MWOZ.L (Amundi Prime Global UCITS ETF Dist) are both Global Equities funds - MXWO.L tracks the MSCI ACWI NR USD while MWOZ.L tracks the Solactive GBS Developed Markets Large & Mid Cap Index. Both are passively managed. Over the past year, MXWO.L returned 26.14% vs 26.47% for MWOZ.L. Their correlation of 0.92 suggests significant overlap in exposure. MXWO.L charges 0.19%/yr vs 0.05%/yr for MWOZ.L.
Performance
MXWO.L vs. MWOZ.L - Performance Comparison
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Different Trading Currencies
MXWO.L is traded in USD, while MWOZ.L is traded in GBP. To make them comparable, the MWOZ.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with MXWO.L having a 9.99% return and MWOZ.L slightly lower at 9.91%.
MXWO.L
- 1D
- 0.04%
- 1M
- 4.21%
- YTD
- 9.99%
- 6M
- 11.10%
- 1Y
- 26.14%
- 3Y*
- 20.86%
- 5Y*
- 11.92%
- 10Y*
- 13.12%
MWOZ.L
- 1D
- 0.10%
- 1M
- 4.19%
- YTD
- 9.91%
- 6M
- 11.19%
- 1Y
- 26.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MXWO.L vs. MWOZ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MXWO.L Invesco MSCI World UCITS ETF | 9.99% | 16.71% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 9.91% | 17.37% |
Correlation
The correlation between MXWO.L and MWOZ.L is 0.90, 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 | 0.90 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2025 | 0.92 |
The correlation between MXWO.L and MWOZ.L has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
MXWO.L vs. MWOZ.L — Risk / Return Rank
MXWO.L
MWOZ.L
MXWO.L vs. MWOZ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World UCITS ETF (MXWO.L) and Amundi Prime Global UCITS ETF Dist (MWOZ.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.
| MXWO.L | MWOZ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.41 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 2.99 | +0.13 |
| Martin ratioReturn relative to average drawdown | 13.34 | 13.04 | +0.29 |
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
| MXWO.L | MWOZ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.27 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 1.40 | -0.54 |
Drawdowns
MXWO.L vs. MWOZ.L - Drawdown Comparison
The maximum MXWO.L drawdown since its inception was -33.89%, which is greater than MWOZ.L's maximum drawdown of -17.73%. Use the drawdown chart below to compare losses from any high point for MXWO.L and MWOZ.L.
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Drawdown Indicators
| MXWO.L | MWOZ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.89% | -17.73% | -16.16% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -8.81% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -17.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | — | — |
Current DrawdownCurrent decline from peak | -0.45% | -0.46% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -4.31% | -2.05% | -2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.02% | -0.07% |
Volatility
MXWO.L vs. MWOZ.L - Volatility Comparison
Invesco MSCI World UCITS ETF (MXWO.L) has a higher volatility of 3.32% compared to Amundi Prime Global UCITS ETF Dist (MWOZ.L) at 2.75%. This indicates that MXWO.L's price experiences larger fluctuations and is considered to be riskier than MWOZ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXWO.L | MWOZ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 2.75% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 9.15% | 8.53% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | 11.59% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.75% | 15.25% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 15.25% | +0.68% |
MXWO.L vs. MWOZ.L - Expense Ratio Comparison
MXWO.L has a 0.19% expense ratio, which is higher than MWOZ.L's 0.05% 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
MXWO.L vs. MWOZ.L - Dividend Comparison
MXWO.L has not paid dividends to shareholders, while MWOZ.L's dividend yield for the trailing twelve months is around 1.20%.
| Position | TTM | 2025 |
|---|---|---|
MWOZ.L Amundi Prime Global UCITS ETF Dist | 1.20% | 1.60% |
MXWO.L Invesco MSCI World UCITS ETF | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, MXWO.L and MWOZ.L 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, 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 0.19% for MXWO.L.
MXWO.L tracks MSCI ACWI NR USD, while MWOZ.L tracks Solactive GBS Developed Markets Large & Mid Cap Index. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.19% for MXWO.L and 0.05% for MWOZ.L.
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