XWEV.L vs. CMU.L

Last updated Jul 21, 2026

XWEV.L (Xtrackers MSCI World Value ESG UCITS ETF 1C) and CMU.L (Amundi ETF MSCI EMU ESG Leaders Select) are both exchange-traded funds - XWEV.L is a Global Equities fund tracking the MSCI World Value Low Carbon SRI Screened Select, while CMU.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 3 years, XWEV.L returned 21.57%/yr vs 16.52%/yr for CMU.L. Their correlation of 0.82 suggests significant overlap in exposure. XWEV.L charges 0.25%/yr vs 0.15%/yr for CMU.L.

Performance

XWEV.L vs. CMU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI World Value ESG UCITS ETF 1C (XWEV.L) and Amundi ETF MSCI EMU ESG Leaders Select (CMU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XWEV.L is traded in USD, while CMU.L is traded in GBp. To make them comparable, the CMU.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with XWEV.L having a 15.20% return and CMU.L slightly higher at 15.26%.

XWEV.L

• 1D: 0.00%
• 1M: -2.02%
• 6M: 13.83%
• YTD: 15.20%
• 1Y: 38.07%
• 3Y*: 21.57%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.24%

CMU.L

• 1D: -0.03%
• 1M: -2.03%
• 6M: 15.02%
• YTD: 15.26%
• 1Y: 26.35%
• 3Y*: 16.52%
• 5Y*: 10.06%
• 10Y*: 10.39%
• ALL TIME*: 6.71%

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

XWEV.L vs. CMU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XWEV.L Xtrackers MSCI World Value ESG UCITS ETF 1C	15.20%	38.58%	6.98%	7.84%
CMU.L Amundi ETF MSCI EMU ESG Leaders Select	15.26%	35.19%	-0.27%	4.47%

Correlation

The correlation between XWEV.L and CMU.L is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023	0.82

The correlation between XWEV.L and CMU.L has been stable across timeframes, ranging from 0.81 to 0.82 - a consistent structural relationship.

Return for Risk

XWEV.L vs. CMU.L — Risk / Return Rank

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

XWEV.L

XWEV.L Risk / Return Rank: 90
XWEV.L Sharpe Ratio Rank: 92
XWEV.L Sortino Ratio Rank: 92
XWEV.L Omega Ratio Rank: 90
XWEV.L Calmar Ratio Rank: 87
XWEV.L Martin Ratio Rank: 88

CMU.L

CMU.L Risk / Return Rank: 69
CMU.L Sharpe Ratio Rank: 73
CMU.L Sortino Ratio Rank: 73
CMU.L Omega Ratio Rank: 73
CMU.L Calmar Ratio Rank: 62
CMU.L Martin Ratio Rank: 65

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.

XWEV.L vs. CMU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Value ESG UCITS ETF 1C (XWEV.L) and Amundi ETF MSCI EMU ESG Leaders Select (CMU.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.

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.

	XWEV.L	CMU.L	Difference
Sharpe ratio: Return per unit of total volatility	2.46	1.56	+0.90
Sortino ratio: Return per unit of downside risk	3.52	2.29	+1.23
Omega ratio: Gain probability vs. loss probability	1.44	1.28	+0.15
Calmar ratio: Return relative to maximum drawdown	3.65	2.05	+1.60
Martin ratio: Return relative to average drawdown	13.70	7.70	+6.00

XWEV.L vs. CMU.L - Sharpe Ratio Comparison

The current XWEV.L Sharpe Ratio is 2.46, which is higher than the CMU.L Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of XWEV.L and CMU.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XWEV.L vs. CMU.L - Drawdown Comparison

The maximum XWEV.L drawdown since its inception was -14.23%, smaller than the maximum CMU.L drawdown of -40.93%. Use the drawdown chart below to compare losses from any high point for XWEV.L and CMU.L.

Drawdown Indicators

	XWEV.L	CMU.L	Difference
Max Drawdown Largest peak-to-trough decline	-14.23%	-40.93%	+26.70%
Max Drawdown (1Y) Largest decline over 1 year	-10.37%	-12.77%	+2.40%
Max Drawdown (3Y) Largest decline over 3 years	-14.23%	-13.90%	-0.33%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.44%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.93%	—
Current Drawdown Current decline from peak	-3.42%	-2.84%	-0.58%
Average Drawdown Average peak-to-trough decline	-2.34%	-10.13%	+7.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	3.41%	-0.64%

Volatility

XWEV.L vs. CMU.L - Volatility Comparison

Xtrackers MSCI World Value ESG UCITS ETF 1C (XWEV.L) and Amundi ETF MSCI EMU ESG Leaders Select (CMU.L) have volatilities of 4.25% and 4.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XWEV.L	CMU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	4.07%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	12.79%	14.23%	-1.44%
Volatility (1Y) Calculated over the trailing 1-year period	15.43%	16.83%	-1.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.06%	19.27%	-4.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.06%	18.86%	-3.80%

XWEV.L vs. CMU.L - Expense Ratio Comparison

XWEV.L has a 0.25% expense ratio, which is higher than CMU.L's 0.15% 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

XWEV.L vs. CMU.L - Dividend Comparison

Neither XWEV.L nor CMU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XWEV.L and CMU.L in my portfolio?

XWEV.L and CMU.L have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XWEV.L or CMU.L?

On fees, CMU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XWEV.L or CMU.L?

CMU.L is cheaper with a 0.15% expense ratio, compared with 0.25% for XWEV.L.

What is the main difference between XWEV.L and CMU.L?

XWEV.L is categorized as Global Equities, while CMU.L is Europe Equities. XWEV.L tracks MSCI World Value Low Carbon SRI Screened Select, while CMU.L tracks MSCI EMU NR EUR. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.25% for XWEV.L and 0.15% for CMU.L.