XMAW.L vs. AMEW.DE
XMAW.L (Xtrackers MSCI AC World ESG Screened UCITS ETF 1C) and AMEW.DE (Amundi MSCI World UCITS ETF EUR) are both Global Equities funds - XMAW.L tracks the MSCI ACWI NR USD while AMEW.DE tracks the MSCI World. Both are passively managed. Over the past 10 years, XMAW.L returned 13.42%/yr vs 13.69%/yr for AMEW.DE. Their correlation of 0.91 suggests significant overlap in exposure. XMAW.L charges 0.25%/yr vs 0.38%/yr for AMEW.DE.
Performance
XMAW.L vs. AMEW.DE - Performance Comparison
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Different Trading Currencies
XMAW.L is traded in GBp, while AMEW.DE is traded in EUR. To make them comparable, the AMEW.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XMAW.L achieves a 11.58% return, which is significantly higher than AMEW.DE's 9.87% return. Both investments have delivered pretty close results over the past 10 years, with XMAW.L having a 13.42% annualized return and AMEW.DE not far ahead at 13.69%.
XMAW.L
- 1D
- -0.13%
- 1M
- 5.65%
- YTD
- 11.58%
- 6M
- 12.10%
- 1Y
- 30.53%
- 3Y*
- 18.30%
- 5Y*
- 12.36%
- 10Y*
- 13.42%
AMEW.DE
- 1D
- 0.10%
- 1M
- 5.15%
- YTD
- 9.87%
- 6M
- 10.11%
- 1Y
- 26.79%
- 3Y*
- 17.43%
- 5Y*
- 12.79%
- 10Y*
- 13.69%
XMAW.L vs. AMEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMAW.L Xtrackers MSCI AC World ESG Screened UCITS ETF 1C | 11.58% | 13.86% | 20.55% | 16.87% | -10.40% | 20.70% | 12.24% | 21.60% | -4.56% | 13.26% |
AMEW.DE Amundi MSCI World UCITS ETF EUR | 9.87% | 13.01% | 20.28% | 17.54% | -9.17% | 23.30% | 11.27% | 24.28% | -3.88% | 12.13% |
Correlation
The correlation between XMAW.L and AMEW.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2014 | 0.91 |
The correlation between XMAW.L and AMEW.DE has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
XMAW.L vs. AMEW.DE — Risk / Return Rank
XMAW.L
AMEW.DE
XMAW.L vs. AMEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI AC World ESG Screened UCITS ETF 1C (XMAW.L) and Amundi MSCI World UCITS ETF EUR (AMEW.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.
| XMAW.L | AMEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.47 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.12 | 4.07 | +0.05 |
| Martin ratioReturn relative to average drawdown | 16.61 | 15.87 | +0.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XMAW.L | AMEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 2.51 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.92 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.92 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.93 | -0.07 |
Drawdowns
XMAW.L vs. AMEW.DE - Drawdown Comparison
The maximum XMAW.L drawdown since its inception was -25.05%, roughly equal to the maximum AMEW.DE drawdown of -26.32%. Use the drawdown chart below to compare losses from any high point for XMAW.L and AMEW.DE.
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Drawdown Indicators
| XMAW.L | AMEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.05% | -26.32% | +1.27% |
Max Drawdown (1Y)Largest decline over 1 year | -7.37% | -6.55% | -0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -18.92% | -19.72% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -18.92% | -19.72% | +0.80% |
Max Drawdown (10Y)Largest decline over 10 years | -25.05% | -26.32% | +1.27% |
Current DrawdownCurrent decline from peak | -0.49% | -0.11% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -3.33% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 1.68% | +0.15% |
Volatility
XMAW.L vs. AMEW.DE - Volatility Comparison
Xtrackers MSCI AC World ESG Screened UCITS ETF 1C (XMAW.L) has a higher volatility of 3.05% compared to Amundi MSCI World UCITS ETF EUR (AMEW.DE) at 2.83%. This indicates that XMAW.L's price experiences larger fluctuations and is considered to be riskier than AMEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMAW.L | AMEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 2.83% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 7.52% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.09% | 10.64% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.40% | 13.74% | -0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.60% | 14.84% | -0.24% |
XMAW.L vs. AMEW.DE - Expense Ratio Comparison
XMAW.L has a 0.25% expense ratio, which is lower than AMEW.DE's 0.38% expense ratio.
Dividends
XMAW.L vs. AMEW.DE - Dividend Comparison
Neither XMAW.L nor AMEW.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, XMAW.L and AMEW.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, XMAW.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XMAW.L is cheaper with a 0.25% expense ratio, compared with 0.38% for AMEW.DE.
XMAW.L tracks MSCI ACWI NR USD, while AMEW.DE tracks MSCI World. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.25% for XMAW.L and 0.38% for AMEW.DE.
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