PRAC.L vs. MWOZ.L
PRAC.L (Invesco Preferred Shares UCITS ETF USD Acc) and MWOZ.L (Amundi Prime Global UCITS ETF Dist) are both Global Equities funds - PRAC.L tracks the Invesco Preferred Shares UCITS ETF USD Acc while MWOZ.L tracks the Solactive GBS Developed Markets Large & Mid Cap Index. Both are passively managed. Over the past year, PRAC.L returned 2.67% vs 22.34% for MWOZ.L. At a 0.49 correlation, their price movements are largely independent. PRAC.L charges 0.50%/yr vs 0.05%/yr for MWOZ.L.
Performance
PRAC.L vs. MWOZ.L - Performance Comparison
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Different Trading Currencies
PRAC.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
In the year-to-date period, PRAC.L achieves a -0.60% return, which is significantly lower than MWOZ.L's 10.18% return.
PRAC.L
- 1D
- -0.02%
- 1M
- -0.21%
- 6M
- -1.78%
- YTD
- -0.60%
- 1Y
- 2.67%
- 3Y*
- 3.67%
- 5Y*
- -1.71%
- 10Y*
- —
MWOZ.L
- 1D
- 0.00%
- 1M
- 0.21%
- 6M
- 9.01%
- YTD
- 10.18%
- 1Y
- 22.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PRAC.L vs. MWOZ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PRAC.L Invesco Preferred Shares UCITS ETF USD Acc | -0.60% | 1.23% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 10.18% | 17.37% |
Correlation
The correlation between PRAC.L and MWOZ.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2025 | 0.49 |
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Return for Risk
PRAC.L vs. MWOZ.L — Risk / Return Rank
PRAC.L
MWOZ.L
PRAC.L vs. MWOZ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Preferred Shares UCITS ETF USD Acc (PRAC.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.
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.
| PRAC.L | MWOZ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.33 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.33 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 2.55 | -2.13 |
| Martin ratioReturn relative to average drawdown | 0.83 | 10.83 | -10.00 |
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Drawdowns
PRAC.L vs. MWOZ.L - Drawdown Comparison
The maximum PRAC.L drawdown since its inception was -30.92%, 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 PRAC.L and MWOZ.L.
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Drawdown Indicators
| PRAC.L | MWOZ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.92% | -17.73% | -13.19% |
Max Drawdown (1Y)Largest decline over 1 year | -6.32% | -8.81% | +2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -12.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.91% | — | — |
Current DrawdownCurrent decline from peak | -9.17% | -0.23% | -8.94% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -2.00% | -6.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.07% | +1.15% |
Volatility
PRAC.L vs. MWOZ.L - Volatility Comparison
The current volatility for Invesco Preferred Shares UCITS ETF USD Acc (PRAC.L) is 1.99%, while Amundi Prime Global UCITS ETF Dist (MWOZ.L) has a volatility of 3.05%. This indicates that PRAC.L experiences smaller price fluctuations and is considered to be less risky 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
| PRAC.L | MWOZ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 3.05% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 9.24% | -1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.50% | 11.99% | -1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.23% | 15.10% | -3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.77% | 15.10% | -1.33% |
PRAC.L vs. MWOZ.L - Expense Ratio Comparison
PRAC.L has a 0.50% expense ratio, which is higher than MWOZ.L's 0.05% expense ratio.
Dividends
PRAC.L vs. MWOZ.L - Dividend Comparison
PRAC.L has not paid dividends to shareholders, while MWOZ.L's dividend yield for the trailing twelve months is around 1.19%.
| Position | TTM | 2025 |
|---|---|---|
MWOZ.L Amundi Prime Global UCITS ETF Dist | 1.19% | 1.60% |
PRAC.L Invesco Preferred Shares UCITS ETF USD Acc | 0.00% | 0.00% |
Frequently Asked Questions
PRAC.L and MWOZ.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.50% for PRAC.L.
PRAC.L tracks Invesco Preferred Shares UCITS ETF USD Acc, 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: 0.50% for PRAC.L and 0.05% for MWOZ.L.
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