WGES.DE vs. MVEW.DE
WGES.DE (Amundi MSCI World SRI Climate Paris Aligned UCITS ETF Dist) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds - WGES.DE tracks the MSCI World SRI Filtered PAB Index while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past year, WGES.DE returned 22.30% vs 6.98% for MVEW.DE. A 0.54 correlation means they provide meaningful diversification when combined. WGES.DE charges 0.18%/yr vs 0.30%/yr for MVEW.DE.
Performance
WGES.DE vs. MVEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WGES.DE achieves a 14.97% return, which is significantly higher than MVEW.DE's 4.20% return.
WGES.DE
- 1D
- 0.00%
- 1M
- -1.54%
- 6M
- 11.96%
- YTD
- 14.97%
- 1Y
- 22.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.01%
MVEW.DE
- 1D
- -0.41%
- 1M
- 3.90%
- 6M
- 4.80%
- YTD
- 4.20%
- 1Y
- 6.98%
- 3Y*
- 7.54%
- 5Y*
- 5.92%
- 10Y*
- —
- ALL TIME*
- 7.29%
WGES.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WGES.DE Amundi MSCI World SRI Climate Paris Aligned UCITS ETF Dist | 14.97% | 2.20% | 12.55% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 4.20% | -1.00% | 13.31% |
Correlation
The correlation between WGES.DE and MVEW.DE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2024 | 0.54 |
Over the past year, the correlation between WGES.DE and MVEW.DE has dropped to 0.29 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
WGES.DE vs. MVEW.DE — Risk / Return Rank
WGES.DE
MVEW.DE
WGES.DE vs. MVEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World SRI Climate Paris Aligned UCITS ETF Dist (WGES.DE) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.
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.
| WGES.DE | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.15 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 1.50 | +1.26 |
| Martin ratioReturn relative to average drawdown | 10.09 | 3.73 | +6.36 |
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Drawdowns
WGES.DE vs. MVEW.DE - Drawdown Comparison
The maximum WGES.DE drawdown since its inception was -22.15%, which is greater than MVEW.DE's maximum drawdown of -13.09%. Use the drawdown chart below to compare losses from any high point for WGES.DE and MVEW.DE.
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Drawdown Indicators
| WGES.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.15% | -13.09% | -9.06% |
Max Drawdown (1Y)Largest decline over 1 year | -8.04% | -4.63% | -3.41% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.09% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.09% | — |
Current DrawdownCurrent decline from peak | -3.40% | -2.83% | -0.57% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -3.81% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 1.87% | +0.33% |
Volatility
WGES.DE vs. MVEW.DE - Volatility Comparison
Amundi MSCI World SRI Climate Paris Aligned UCITS ETF Dist (WGES.DE) has a higher volatility of 4.50% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) at 2.42%. This indicates that WGES.DE's price experiences larger fluctuations and is considered to be riskier than MVEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WGES.DE | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.50% | 2.42% | +2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 5.76% | +4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.44% | 8.05% | +5.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.04% | 10.33% | +4.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.04% | 10.85% | +4.19% |
WGES.DE vs. MVEW.DE - Expense Ratio Comparison
WGES.DE has a 0.18% expense ratio, which is lower than MVEW.DE's 0.30% expense ratio.
Dividends
WGES.DE vs. MVEW.DE - Dividend Comparison
WGES.DE's dividend yield for the trailing twelve months is around 1.17%, while MVEW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 0.00% | 0.00% |
WGES.DE Amundi MSCI World SRI Climate Paris Aligned UCITS ETF Dist | 1.17% | 1.17% |
Frequently Asked Questions
WGES.DE and MVEW.DE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WGES.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WGES.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for MVEW.DE.
WGES.DE tracks MSCI World SRI Filtered PAB Index, while MVEW.DE tracks MSCI ACWI NR USD. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.18% for WGES.DE and 0.30% for MVEW.DE.
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