PAWS.L vs. PACW.L

Last updated Jun 13, 2026

PAWS.L (Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc) and PACW.L (Amundi Prime All Country World UCITS ETF Income) are both Global Equities funds - PAWS.L tracks the MSCI ACWI NR USD while PACW.L tracks the Solactive GBS Global Markets Large & Mid Cap Index. Both are passively managed. Over the past year, PAWS.L returned 14.12% vs 25.42% for PACW.L. Their correlation of 0.91 suggests significant overlap in exposure. PAWS.L charges 0.19%/yr vs 0.07%/yr for PACW.L.

Performance

PAWS.L vs. PACW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc (PAWS.L) and Amundi Prime All Country World UCITS ETF Income (PACW.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PAWS.L is traded in GBp, while PACW.L is traded in GBP. To make them comparable, the PACW.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, PAWS.L achieves a 5.65% return, which is significantly lower than PACW.L's 8.68% return.

PAWS.L

• 1D: 0.02%
• 1M: 0.91%
• YTD: 5.65%
• 6M: 6.18%
• 1Y: 14.12%
• 3Y*: 12.44%
• 5Y*: —
• 10Y*: —

PACW.L

• 1D: 0.00%
• 1M: -0.17%
• YTD: 8.68%
• 6M: 9.28%
• 1Y: 25.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PAWS.L vs. PACW.L - Yearly Performance Comparison

	2026 (YTD)	2025
PAWS.L Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc	5.65%	4.25%
PACW.L Amundi Prime All Country World UCITS ETF Income	8.68%	9.40%

Correlation

The correlation between PAWS.L and PACW.L is 0.88, 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	0.88
Correlation (All Time) Calculated using the full available price history since Feb 18, 2025	0.91

The correlation between PAWS.L and PACW.L has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

Return for Risk

PAWS.L vs. PACW.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PAWS.L

PAWS.L Risk / Return Rank: 46
PAWS.L Sharpe Ratio Rank: 9
PAWS.L Sortino Ratio Rank: 100
PAWS.L Omega Ratio Rank: 100
PAWS.L Calmar Ratio Rank: 11
PAWS.L Martin Ratio Rank: 12

PACW.L

PACW.L Risk / Return Rank: 83
PACW.L Sharpe Ratio Rank: 85
PACW.L Sortino Ratio Rank: 83
PACW.L Omega Ratio Rank: 85
PACW.L Calmar Ratio Rank: 79
PACW.L Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PAWS.L vs. PACW.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc (PAWS.L) and Amundi Prime All Country World UCITS ETF Income (PACW.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.

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.

	PAWS.L	PACW.L	Difference
Sharpe ratio: Return per unit of total volatility	0.00	2.37	-2.37
Sortino ratio: Return per unit of downside risk	198.25	3.24	+195.01
Omega ratio: Gain probability vs. loss probability	87.34	1.45	+85.89
Calmar ratio: Return relative to maximum drawdown	0.14	3.62	-3.48
Martin ratio: Return relative to average drawdown	0.51	14.37	-13.85

PAWS.L vs. PACW.L - Sharpe Ratio Comparison

The current PAWS.L Sharpe Ratio is 0.00, which is lower than the PACW.L Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of PAWS.L and PACW.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PAWS.L vs. PACW.L - Drawdown Comparison

The maximum PAWS.L drawdown since its inception was -99.03%, which is greater than PACW.L's maximum drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for PAWS.L and PACW.L.

Drawdown Indicators

	PAWS.L	PACW.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.03%	-17.74%	-81.29%
Max Drawdown (1Y) Largest decline over 1 year	-99.02%	-7.06%	-91.96%
Max Drawdown (3Y) Largest decline over 3 years	-99.03%	—	—
Current Drawdown Current decline from peak	-3.17%	-3.34%	+0.17%
Average Drawdown Average peak-to-trough decline	-7.66%	-3.04%	-4.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.63%	1.77%	+24.86%

Volatility

PAWS.L vs. PACW.L - Volatility Comparison

Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc (PAWS.L) has a higher volatility of 3.50% compared to Amundi Prime All Country World UCITS ETF Income (PACW.L) at 3.25%. This indicates that PAWS.L's price experiences larger fluctuations and is considered to be riskier than PACW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAWS.L	PACW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	3.25%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	653.26%	8.05%	+645.21%
Volatility (1Y) Calculated over the trailing 1-year period	19,679.03%	10.78%	+19,668.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9,948.20%	13.99%	+9,934.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9,948.20%	13.99%	+9,934.21%

PAWS.L vs. PACW.L - Expense Ratio Comparison

PAWS.L has a 0.19% expense ratio, which is higher than PACW.L's 0.07% 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

PAWS.L vs. PACW.L - Dividend Comparison

PAWS.L has not paid dividends to shareholders, while PACW.L's dividend yield for the trailing twelve months is around 1.27%.

Position	TTM
PACW.L Amundi Prime All Country World UCITS ETF Income	1.27%
PAWS.L Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc	0.00%

Frequently Asked Questions

Can I hold both PAWS.L and PACW.L in my portfolio?

PAWS.L and PACW.L have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PAWS.L or PACW.L?

On fees, PACW.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PAWS.L or PACW.L?

PACW.L is cheaper with a 0.07% expense ratio, compared with 0.19% for PAWS.L.

What is the main difference between PAWS.L and PACW.L?

PAWS.L tracks MSCI ACWI NR USD, while PACW.L tracks Solactive GBS Global Markets Large & Mid Cap Index. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.19% for PAWS.L and 0.07% for PACW.L.