PE500.PA vs. EWLD.PA

Last updated Jun 5, 2026

PE500.PA (Amundi ETF PEA S&P 500 UCITS ETF EUR) and EWLD.PA (Amundi MSCI World Swap UCITS ETF EUR Distributing) are both exchange-traded funds - PE500.PA is a S&P 500 fund tracking the S&P 500 ESG+ Index, while EWLD.PA is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past year, PE500.PA returned 27.69% vs 23.36% for EWLD.PA. Their correlation of 0.94 suggests significant overlap in exposure. PE500.PA charges 0.25%/yr vs 0.38%/yr for EWLD.PA.

Performance

PE500.PA vs. EWLD.PA - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi ETF PEA S&P 500 UCITS ETF EUR (PE500.PA) and Amundi MSCI World Swap UCITS ETF EUR Distributing (EWLD.PA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with PE500.PA having a 10.83% return and EWLD.PA slightly higher at 10.98%.

PE500.PA

• 1D: 0.63%
• 1M: 5.49%
• YTD: 10.83%
• 6M: 11.25%
• 1Y: 27.69%
• 3Y*: 18.15%
• 5Y*: 14.38%
• 10Y*: —

EWLD.PA

• 1D: 0.05%
• 1M: 4.86%
• YTD: 10.98%
• 6M: 11.22%
• 1Y: 23.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PE500.PA vs. EWLD.PA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PE500.PA Amundi ETF PEA S&P 500 UCITS ETF EUR	10.83%	3.89%	21.86%
EWLD.PA Amundi MSCI World Swap UCITS ETF EUR Distributing	10.98%	6.65%	17.35%

Correlation

The correlation between PE500.PA and EWLD.PA is 0.93, 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	0.93
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024	0.94

The correlation between PE500.PA and EWLD.PA has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

PE500.PA vs. EWLD.PA — Risk / Return Rank

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

PE500.PA

PE500.PA Risk / Return Rank: 75
PE500.PA Sharpe Ratio Rank: 76
PE500.PA Sortino Ratio Rank: 75
PE500.PA Omega Ratio Rank: 77
PE500.PA Calmar Ratio Rank: 74
PE500.PA Martin Ratio Rank: 75

EWLD.PA

EWLD.PA Risk / Return Rank: 68
EWLD.PA Sharpe Ratio Rank: 64
EWLD.PA Sortino Ratio Rank: 64
EWLD.PA Omega Ratio Rank: 67
EWLD.PA Calmar Ratio Rank: 71
EWLD.PA Martin Ratio Rank: 74

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.

PE500.PA vs. EWLD.PA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi ETF PEA S&P 500 UCITS ETF EUR (PE500.PA) and Amundi MSCI World Swap UCITS ETF EUR Distributing (EWLD.PA). 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.

	PE500.PA	EWLD.PA	Difference
Sharpe ratio: Return per unit of total volatility	2.42	2.09	+0.32
Sortino ratio: Return per unit of downside risk	3.31	2.93	+0.38
Omega ratio: Gain probability vs. loss probability	1.44	1.39	+0.05
Calmar ratio: Return relative to maximum drawdown	3.66	3.47	+0.19
Martin ratio: Return relative to average drawdown	14.05	13.83	+0.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PE500.PA vs. EWLD.PA - Sharpe Ratio Comparison

The current PE500.PA Sharpe Ratio is 2.42, which is comparable to the EWLD.PA Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of PE500.PA and EWLD.PA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PE500.PA	EWLD.PA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	2.09	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	1.12	-0.22

Drawdowns

PE500.PA vs. EWLD.PA - Drawdown Comparison

The maximum PE500.PA drawdown since its inception was -33.60%, which is greater than EWLD.PA's maximum drawdown of -21.70%. Use the drawdown chart below to compare losses from any high point for PE500.PA and EWLD.PA.

Drawdown Indicators

	PE500.PA	EWLD.PA	Difference
Max Drawdown Largest peak-to-trough decline	-33.60%	-21.70%	-11.90%
Max Drawdown (1Y) Largest decline over 1 year	-7.47%	-6.64%	-0.83%
Max Drawdown (3Y) Largest decline over 3 years	-23.69%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.69%	—	—
Current Drawdown Current decline from peak	0.00%	-0.31%	+0.31%
Average Drawdown Average peak-to-trough decline	-4.85%	-3.03%	-1.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.96%	1.68%	+0.28%

Volatility

PE500.PA vs. EWLD.PA - Volatility Comparison

Amundi ETF PEA S&P 500 UCITS ETF EUR (PE500.PA) and Amundi MSCI World Swap UCITS ETF EUR Distributing (EWLD.PA) have volatilities of 2.83% and 2.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PE500.PA	EWLD.PA	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.83%	2.70%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	7.66%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	11.30%	11.02%	+0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.18%	14.20%	+0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.98%	14.20%	+2.78%

PE500.PA vs. EWLD.PA - Expense Ratio Comparison

PE500.PA has a 0.25% expense ratio, which is lower than EWLD.PA's 0.38% expense ratio.

Dividends

PE500.PA vs. EWLD.PA - Dividend Comparison

PE500.PA has not paid dividends to shareholders, while EWLD.PA's dividend yield for the trailing twelve months is around 1.05%.

Position	TTM	2025	2024
EWLD.PA Amundi MSCI World Swap UCITS ETF EUR Distributing	1.05%	1.17%	0.61%
PE500.PA Amundi ETF PEA S&P 500 UCITS ETF EUR	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PE500.PA and EWLD.PA in my portfolio?

With a correlation of 0.93, PE500.PA and EWLD.PA 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.

Which ETF is better, PE500.PA or EWLD.PA?

On fees, PE500.PA is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PE500.PA or EWLD.PA?

PE500.PA is cheaper with a 0.25% expense ratio, compared with 0.38% for EWLD.PA.

What is the main difference between PE500.PA and EWLD.PA?

PE500.PA is categorized as S&P 500, while EWLD.PA is Global Equities. PE500.PA tracks S&P 500 ESG+ Index, while EWLD.PA tracks MSCI World. Their fees differ too: 0.25% for PE500.PA and 0.38% for EWLD.PA.