VWCE.DE vs. MWOL.DE

Last updated Jun 5, 2026

VWCE.DE (Vanguard FTSE All-World UCITS ETF) and MWOL.DE (Amundi Prime Global UCITS ETF Dist) are both Global Equities funds - VWCE.DE tracks the FTSE All-World Index 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, VWCE.DE returned 12.28%/yr vs 11.86%/yr for MWOL.DE. With a 0.96 correlation, they move nearly in lockstep. VWCE.DE charges 0.19%/yr vs 0.05%/yr for MWOL.DE.

Performance

VWCE.DE vs. MWOL.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE All-World UCITS ETF (VWCE.DE) and Amundi Prime Global UCITS ETF Dist (MWOL.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VWCE.DE achieves a 12.64% return, which is significantly higher than MWOL.DE's 10.87% return.

VWCE.DE

• 1D: -0.21%
• 1M: 5.01%
• YTD: 12.64%
• 6M: 13.33%
• 1Y: 26.41%
• 3Y*: 17.85%
• 5Y*: 12.28%
• 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*: —

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

VWCE.DE vs. MWOL.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VWCE.DE Vanguard FTSE All-World UCITS ETF	12.64%	9.16%	24.41%	18.18%	-13.47%	28.62%	5.36%	8.01%
MWOL.DE Amundi Prime Global UCITS ETF Dist	10.87%	8.53%	25.60%	18.54%	-15.49%	30.82%	3.73%	6.35%

Correlation

The correlation between VWCE.DE and MWOL.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019	0.96

The correlation between VWCE.DE and MWOL.DE has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.

Return for Risk

VWCE.DE vs. MWOL.DE — Risk / Return Rank

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

VWCE.DE

VWCE.DE Risk / Return Rank: 76
VWCE.DE Sharpe Ratio Rank: 72
VWCE.DE Sortino Ratio Rank: 73
VWCE.DE Omega Ratio Rank: 74
VWCE.DE Calmar Ratio Rank: 79
VWCE.DE Martin Ratio Rank: 83

MWOL.DE

MWOL.DE Risk / Return Rank: 71
MWOL.DE Sharpe Ratio Rank: 66
MWOL.DE Sortino Ratio Rank: 67
MWOL.DE Omega Ratio Rank: 69
MWOL.DE Calmar Ratio Rank: 74
MWOL.DE Martin Ratio Rank: 77

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.

VWCE.DE vs. MWOL.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWCE.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.

	VWCE.DE	MWOL.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.31	2.17	+0.14
Sortino ratio: Return per unit of downside risk	3.24	3.04	+0.20
Omega ratio: Gain probability vs. loss probability	1.43	1.40	+0.03
Calmar ratio: Return relative to maximum drawdown	4.01	3.67	+0.35
Martin ratio: Return relative to average drawdown	16.55	14.63	+1.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VWCE.DE vs. MWOL.DE - Sharpe Ratio Comparison

The current VWCE.DE Sharpe Ratio is 2.31, which is comparable to the MWOL.DE Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of VWCE.DE and MWOL.DE, 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

	VWCE.DE	MWOL.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	2.17	+0.14
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	0.79	0.77	+0.01

Drawdowns

VWCE.DE vs. MWOL.DE - Drawdown Comparison

The maximum VWCE.DE drawdown since its inception was -33.43%, roughly equal to the maximum MWOL.DE drawdown of -33.56%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and MWOL.DE.

Drawdown Indicators

	VWCE.DE	MWOL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.43%	-33.56%	+0.13%
Max Drawdown (1Y) Largest decline over 1 year	-6.55%	-6.58%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-21.07%	-21.64%	+0.57%
Max Drawdown (5Y) Largest decline over 5 years	-21.07%	-21.64%	+0.57%
Current Drawdown Current decline from peak	-0.66%	-0.37%	-0.29%
Average Drawdown Average peak-to-trough decline	-4.69%	-4.89%	+0.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	1.65%	-0.06%

Volatility

VWCE.DE vs. MWOL.DE - Volatility Comparison

Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a higher volatility of 3.06% compared to Amundi Prime Global UCITS ETF Dist (MWOL.DE) at 2.63%. This indicates that VWCE.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.

Volatility by Period

	VWCE.DE	MWOL.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	2.63%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	8.18%	7.71%	+0.47%
Volatility (1Y) Calculated over the trailing 1-year period	11.37%	11.12%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.75%	14.20%	-0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.16%	16.46%	-0.30%

VWCE.DE vs. MWOL.DE - Expense Ratio Comparison

VWCE.DE has a 0.19% 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

VWCE.DE vs. MWOL.DE - Dividend Comparison

VWCE.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%
VWCE.DE Vanguard FTSE All-World UCITS ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both VWCE.DE and MWOL.DE in my portfolio?

With a correlation of 0.99, VWCE.DE and MWOL.DE 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, VWCE.DE or MWOL.DE?

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.

Which ETF is cheaper, VWCE.DE or MWOL.DE?

MWOL.DE is cheaper with a 0.05% expense ratio, compared with 0.19% for VWCE.DE.

What is the main difference between VWCE.DE and MWOL.DE?

VWCE.DE tracks FTSE All-World Index, while MWOL.DE tracks Solactive GBS Developed Markets Large & Mid Cap USD Index Net TR. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.19% for VWCE.DE and 0.05% for MWOL.DE.