UC44.L vs. MWRD.L

Last updated Jun 5, 2026

UC44.L (UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis) and MWRD.L (Amundi Index MSCI World) are both Global Equities funds tracking the MSCI ACWI NR USD, from UBS and Amundi respectively. Both are passively managed. A 0.80 correlation means they provide meaningful diversification when combined. UC44.L charges 0.22%/yr vs 0.08%/yr for MWRD.L.

Performance

UC44.L vs. MWRD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis (UC44.L) and Amundi Index MSCI World (MWRD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UC44.L

• 1D: 0.39%
• 1M: 6.87%
• YTD: 9.19%
• 6M: 9.44%
• 1Y: 20.96%
• 3Y*: 14.50%
• 5Y*: 10.84%
• 10Y*: 13.02%

MWRD.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UC44.L vs. MWRD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UC44.L UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis	9.19%	5.87%	18.30%	22.09%	-15.47%	26.34%	14.89%	24.15%	-2.54%	7.58%
MWRD.L Amundi Index MSCI World	0.00%	0.00%	-1.27%	17.50%	-9.18%	24.39%	11.85%	23.29%	-4.10%	6.52%

Correlation

The correlation between UC44.L and MWRD.L is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jun 30, 2017	0.80

The correlation between UC44.L and MWRD.L shifts across timeframes, from 0.36 (3 years) to 0.80 (all time), reflecting how their relationship changes across market environments.

UC44.L vs. MWRD.L - Sectors Allocation Comparison

Sectors	UC44.L	MWRD.L
Technology	36.3%	24.7%
Financial Services	16.1%	14.7%
Industrials	12.0%	10.6%
Consumer Cyclical	10.9%	10.5%
Healthcare	8.9%	12.4%
Consumer Defensive	5.5%	6.7%
Communication Services	3.9%	7.5%
Basic Materials	3.0%	3.8%
Real Estate	2.5%	2.4%
Utilities	0.9%	2.4%
Energy	0.0%	4.4%

Return for Risk

UC44.L vs. MWRD.L — Risk / Return Rank

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

UC44.L

UC44.L Risk / Return Rank: 51
UC44.L Sharpe Ratio Rank: 54
UC44.L Sortino Ratio Rank: 55
UC44.L Omega Ratio Rank: 54
UC44.L Calmar Ratio Rank: 44
UC44.L Martin Ratio Rank: 47

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.

UC44.L vs. MWRD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis (UC44.L) and Amundi Index MSCI World (MWRD.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.

	UC44.L	MWRD.L	Difference
Sharpe ratio: Return per unit of total volatility	1.81	—	—
Sortino ratio: Return per unit of downside risk	2.58	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.17	—	—
Martin ratio: Return relative to average drawdown	7.73	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	UC44.L	MWRD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.78	—	—

Drawdowns

Drawdown Indicators

	UC44.L	MWRD.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.11%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.39%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.11%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-4.52%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	—	—

Volatility

Volatility by Period

	UC44.L	MWRD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.13%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.50%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.43%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.93%	—	—

UC44.L vs. MWRD.L - Expense Ratio Comparison

UC44.L has a 0.22% expense ratio, which is higher than MWRD.L's 0.08% 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

UC44.L vs. MWRD.L - Dividend Comparison

UC44.L's dividend yield for the trailing twelve months is around 0.86%, while MWRD.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MWRD.L Amundi Index MSCI World	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UC44.L UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis	0.86%	1.01%	1.05%	1.13%	1.33%	1.01%	1.23%	1.70%	1.88%	1.91%	1.81%	1.78%

Frequently Asked Questions

Can I hold both UC44.L and MWRD.L in my portfolio?

UC44.L and MWRD.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UC44.L or MWRD.L?

On fees, MWRD.L is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UC44.L or MWRD.L?

MWRD.L is cheaper with a 0.08% expense ratio, compared with 0.22% for UC44.L.

What is the main difference between UC44.L and MWRD.L?

Both ETFs track MSCI ACWI NR USD. They also come from different issuers: UBS and Amundi. Their fees differ too: 0.22% for UC44.L and 0.08% for MWRD.L.