MXWO.L vs. XAMB.DE
MXWO.L (Invesco MSCI World UCITS ETF) and XAMB.DE (Amundi MSCI World SRI Climate Net Zero Ambition PAB UCITS ETF Acc) are both Global Equities funds - MXWO.L tracks the MSCI ACWI NR USD while XAMB.DE tracks the MSCI World SRI Filtered PAB. Both are passively managed. Over the past 5 years, MXWO.L returned 11.92%/yr vs 9.07%/yr for XAMB.DE. Their correlation of 0.89 suggests significant overlap in exposure. MXWO.L charges 0.19%/yr vs 0.18%/yr for XAMB.DE.
Performance
MXWO.L vs. XAMB.DE - Performance Comparison
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Different Trading Currencies
MXWO.L is traded in USD, while XAMB.DE is traded in EUR. To make them comparable, the XAMB.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MXWO.L achieves a 9.99% return, which is significantly lower than XAMB.DE's 11.80% return.
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%
XAMB.DE
- 1D
- 0.40%
- 1M
- 5.58%
- YTD
- 11.80%
- 6M
- 13.43%
- 1Y
- 22.81%
- 3Y*
- 15.63%
- 5Y*
- 9.07%
- 10Y*
- —
MXWO.L vs. XAMB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
MXWO.L Invesco MSCI World UCITS ETF | 9.99% | 20.83% | 19.19% | 24.56% | -18.08% | 22.12% | 16.27% | 27.41% | -8.87% |
XAMB.DE Amundi MSCI World SRI Climate Net Zero Ambition PAB UCITS ETF Acc | 11.80% | 15.43% | 8.82% | 24.47% | -22.34% | 25.66% | 18.14% | 30.07% | -7.23% |
Correlation
The correlation between MXWO.L and XAMB.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2018 | 0.89 |
The correlation between MXWO.L and XAMB.DE has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.
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Return for Risk
MXWO.L vs. XAMB.DE — Risk / Return Rank
MXWO.L
XAMB.DE
MXWO.L vs. XAMB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World UCITS ETF (MXWO.L) and Amundi MSCI World SRI Climate Net Zero Ambition PAB UCITS ETF Acc (XAMB.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.
| MXWO.L | XAMB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.29 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 2.26 | +0.86 |
| Martin ratioReturn relative to average drawdown | 13.34 | 8.74 | +4.60 |
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 | XAMB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 1.63 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.55 | +0.21 |
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 | 0.71 | +0.15 |
Drawdowns
MXWO.L vs. XAMB.DE - Drawdown Comparison
The maximum MXWO.L drawdown since its inception was -33.89%, roughly equal to the maximum XAMB.DE drawdown of -32.32%. Use the drawdown chart below to compare losses from any high point for MXWO.L and XAMB.DE.
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Drawdown Indicators
| MXWO.L | XAMB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.89% | -32.32% | -1.57% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -10.05% | +1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -17.85% | -18.91% | +1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -25.80% | -29.86% | +4.06% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | — | — |
Current DrawdownCurrent decline from peak | -0.45% | 0.00% | -0.45% |
Average DrawdownAverage peak-to-trough decline | -4.31% | -6.17% | +1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.60% | -0.65% |
Volatility
MXWO.L vs. XAMB.DE - Volatility Comparison
The current volatility for Invesco MSCI World UCITS ETF (MXWO.L) is 3.32%, while Amundi MSCI World SRI Climate Net Zero Ambition PAB UCITS ETF Acc (XAMB.DE) has a volatility of 4.30%. This indicates that MXWO.L experiences smaller price fluctuations and is considered to be less risky than XAMB.DE 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 | XAMB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 4.30% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 9.15% | 10.88% | -1.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | 13.90% | -2.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.75% | 16.45% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 17.51% | -1.58% |
MXWO.L vs. XAMB.DE - Expense Ratio Comparison
MXWO.L has a 0.19% expense ratio, which is higher than XAMB.DE's 0.18% 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. XAMB.DE - Dividend Comparison
Neither MXWO.L nor XAMB.DE has paid dividends to shareholders.
Frequently Asked Questions
MXWO.L and XAMB.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XAMB.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XAMB.DE is cheaper with a 0.18% expense ratio, compared with 0.19% for MXWO.L.
MXWO.L tracks MSCI ACWI NR USD, while XAMB.DE tracks MSCI World SRI Filtered PAB. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.19% for MXWO.L and 0.18% for XAMB.DE.
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