WLD.MI vs. VWCE.DE
WLD.MI (Amundi MSCI World Swap II UCITS ETF Dist) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both Global Equities funds - WLD.MI tracks the MSCI World Index while VWCE.DE tracks the FTSE All-World Index. Both are passively managed. Over the past 5 years, WLD.MI returned 12.30%/yr vs 11.68%/yr for VWCE.DE. With a 0.97 correlation, they move nearly in lockstep. WLD.MI charges 0.28%/yr vs 0.19%/yr for VWCE.DE.
Performance
WLD.MI vs. VWCE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WLD.MI achieves a 11.01% return, which is significantly lower than VWCE.DE's 12.57% return.
WLD.MI
- 1D
- 0.00%
- 1M
- 1.00%
- YTD
- 11.01%
- 6M
- 11.33%
- 1Y
- 24.65%
- 3Y*
- 18.03%
- 5Y*
- 12.30%
- 10Y*
- 13.16%
VWCE.DE
- 1D
- -0.30%
- 1M
- 0.92%
- YTD
- 12.57%
- 6M
- 13.04%
- 1Y
- 26.74%
- 3Y*
- 18.24%
- 5Y*
- 11.68%
- 10Y*
- —
WLD.MI vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WLD.MI Amundi MSCI World Swap II UCITS ETF Dist | 11.01% | 7.52% | 26.99% | 20.16% | -14.04% | 32.95% | 6.11% | 6.61% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.57% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 7.08% |
Correlation
The correlation between WLD.MI and VWCE.DE is 0.95, 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 | 0.95 |
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 25, 2019 | 0.97 |
The correlation between WLD.MI and VWCE.DE has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
WLD.MI vs. VWCE.DE — Risk / Return Rank
WLD.MI
VWCE.DE
WLD.MI vs. VWCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World Swap II UCITS ETF Dist (WLD.MI) and Vanguard FTSE All-World UCITS ETF (VWCE.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.
| WLD.MI | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 4.07 | -0.27 |
| Martin ratioReturn relative to average drawdown | 15.01 | 16.66 | -1.65 |
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Drawdowns
WLD.MI vs. VWCE.DE - Drawdown Comparison
The maximum WLD.MI drawdown since its inception was -49.18%, which is greater than VWCE.DE's maximum drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for WLD.MI and VWCE.DE.
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Drawdown Indicators
| WLD.MI | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.18% | -33.43% | -15.75% |
Max Drawdown (1Y)Largest decline over 1 year | -6.56% | -6.55% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -21.55% | -21.07% | -0.48% |
Max Drawdown (5Y)Largest decline over 5 years | -21.55% | -21.07% | -0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -33.71% | — | — |
Current DrawdownCurrent decline from peak | -0.74% | -1.41% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -8.42% | -4.66% | -3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.60% | +0.05% |
Volatility
WLD.MI vs. VWCE.DE - Volatility Comparison
The current volatility for Amundi MSCI World Swap II UCITS ETF Dist (WLD.MI) is 3.11%, while Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a volatility of 3.43%. This indicates that WLD.MI experiences smaller price fluctuations and is considered to be less risky than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WLD.MI | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 3.43% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.05% | 8.48% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.35% | 11.65% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.26% | 13.80% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 16.13% | -1.06% |
WLD.MI vs. VWCE.DE - Expense Ratio Comparison
WLD.MI has a 0.28% expense ratio, which is higher than VWCE.DE's 0.19% expense ratio.
Dividends
WLD.MI vs. VWCE.DE - Dividend Comparison
WLD.MI's dividend yield for the trailing twelve months is around 1.13%, while VWCE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WLD.MI Amundi MSCI World Swap II UCITS ETF Dist | 1.13% | 1.26% | 1.62% | 1.36% | 1.96% | 1.31% | 1.58% | 1.49% | 2.37% | 2.06% | 2.34% | 2.55% |
Frequently Asked Questions
With a correlation of 0.95, WLD.MI and VWCE.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.
On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.28% for WLD.MI.
WLD.MI tracks MSCI World Index, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.28% for WLD.MI and 0.19% for VWCE.DE.
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