OPEN.DE vs. MWOL.DE
OPEN.DE (iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc)) and MWOL.DE (Amundi Prime Global UCITS ETF Dist) are both Global Equities funds - OPEN.DE tracks the MSCI ACWI Value NR USD while MWOL.DE tracks the Solactive GBS Developed Markets Large & Mid Cap USD Index Net TR. Both are passively managed. Over the past 5 years, OPEN.DE returned 11.65%/yr vs 11.86%/yr for MWOL.DE. Their correlation of 0.84 suggests significant overlap in exposure. OPEN.DE charges 0.25%/yr vs 0.05%/yr for MWOL.DE.
Performance
OPEN.DE vs. MWOL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OPEN.DE achieves a 19.86% return, which is significantly higher than MWOL.DE's 10.87% return.
OPEN.DE
- 1D
- -0.71%
- 1M
- 10.85%
- YTD
- 19.86%
- 6M
- 21.67%
- 1Y
- 28.74%
- 3Y*
- 16.69%
- 5Y*
- 11.65%
- 10Y*
- —
MWOL.DE
- 1D
- -0.04%
- 1M
- 4.83%
- YTD
- 10.87%
- 6M
- 11.46%
- 1Y
- 24.25%
- 3Y*
- 17.01%
- 5Y*
- 11.86%
- 10Y*
- —
OPEN.DE vs. MWOL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
OPEN.DE iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) | 19.86% | 10.46% | 14.15% | 11.37% | -3.82% | 27.16% | 0.34% | 16.00% |
MWOL.DE Amundi Prime Global UCITS ETF Dist | 10.87% | 8.53% | 25.60% | 18.54% | -15.49% | 30.82% | 3.73% | 15.10% |
Correlation
The correlation between OPEN.DE and MWOL.DE is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2019 | 0.84 |
The correlation between OPEN.DE and MWOL.DE has been stable across timeframes, ranging from 0.75 to 0.84 - a consistent structural relationship.
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Return for Risk
OPEN.DE vs. MWOL.DE — Risk / Return Rank
OPEN.DE
MWOL.DE
OPEN.DE vs. MWOL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) (OPEN.DE) and Amundi Prime Global UCITS ETF Dist (MWOL.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.
| OPEN.DE | MWOL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.40 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 3.67 | -0.16 |
| Martin ratioReturn relative to average drawdown | 12.97 | 14.63 | -1.66 |
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
| OPEN.DE | MWOL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 2.17 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.83 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.77 | -0.01 |
Drawdowns
OPEN.DE vs. MWOL.DE - Drawdown Comparison
The maximum OPEN.DE drawdown since its inception was -33.09%, roughly equal to the maximum MWOL.DE drawdown of -33.56%. Use the drawdown chart below to compare losses from any high point for OPEN.DE and MWOL.DE.
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Drawdown Indicators
| OPEN.DE | MWOL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.09% | -33.56% | +0.47% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -6.58% | -1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -19.68% | -21.64% | +1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -19.68% | -21.64% | +1.96% |
Current DrawdownCurrent decline from peak | -2.06% | -0.37% | -1.69% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -4.89% | +0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 1.65% | +0.56% |
Volatility
OPEN.DE vs. MWOL.DE - Volatility Comparison
iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) (OPEN.DE) has a higher volatility of 4.89% compared to Amundi Prime Global UCITS ETF Dist (MWOL.DE) at 2.63%. This indicates that OPEN.DE's price experiences larger fluctuations and is considered to be riskier than MWOL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPEN.DE | MWOL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.89% | 2.63% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 7.71% | +1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.93% | 11.12% | +0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.04% | 14.20% | -1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 16.46% | -1.00% |
OPEN.DE vs. MWOL.DE - Expense Ratio Comparison
OPEN.DE has a 0.25% expense ratio, which is higher than MWOL.DE'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
OPEN.DE vs. MWOL.DE - Dividend Comparison
OPEN.DE has not paid dividends to shareholders, while MWOL.DE's dividend yield for the trailing twelve months is around 1.19%.
| Position | TTM | 2025 |
|---|---|---|
MWOL.DE Amundi Prime Global UCITS ETF Dist | 1.19% | 1.67% |
OPEN.DE iShares Refinitiv Inclusion and Diversity UCITS ETF USD (Acc) | 0.00% | 0.00% |
Frequently Asked Questions
OPEN.DE and MWOL.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MWOL.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWOL.DE is cheaper with a 0.05% expense ratio, compared with 0.25% for OPEN.DE.
OPEN.DE tracks MSCI ACWI Value NR USD, while MWOL.DE tracks Solactive GBS Developed Markets Large & Mid Cap USD Index Net TR. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.25% for OPEN.DE and 0.05% for MWOL.DE.
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