← Search another ETF ⎙ Printable sheet (PDF)

ETF sheet · Issuer-declared data

🇮🇹 Effective capital-gains rate: 26.00%details →

Amundi MSCI World Swap II UCITS ETF EUR Hedged DistIndex, costs, backtest, listings and taxation

ISIN: FR0011660927Ticker: WLDH (Borsa Italiana) · DJAB (Xetra) · 0XCH (London SE) · WLDH (Euronext Paris) · WLDHE (SIX)Issuer: AmundiClass: EUR Hedged Dist Currency hedging: EUR-hedged share class

Issuer-declared data

Declared index

MSCI World 100% Hedged to EUR Net Total Return Index

TER

0.30%

Transaction costs

0.00% (issuer estimate, from the KID)

Management

Passive (index-tracking) (from the KID)

Replication

Synthetic (swap)

Income policy

Mixed (acc. and/or dist.)

SFDR

Article 6 — does not promote specific ESG characteristics what does it mean?

Fund assets

684.3 mln EUR

NAV

266.39 EUR (1 September 2026)

Domicile

France

Inception date

5 September 2018

Data as declared by Amundi in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.

📬 Follow the engine as we build it

One email when new issuers, new metrics and new articles land. Double opt-in, zero spam, one-click unsubscribe.

Description

Amundi MSCI World Swap II UCITS ETF EUR Hedged Dist tracks the issuer-declared index: MSCI World 100% Hedged to EUR Net Total Return Index. Mind the share class: this is the version hedged to EUR — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.30%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is synthetic replication (swap based); income is accumulated and reinvested in the fund. The fund has assets of about 684 million euro, was launched on 5 September 2018 and is domiciled in France. In our registry it is the largest by assets among the 2 ETFs declaring the same index.

The fund’s objective — in the issuer’s words

The Sub-fund is a passively managed index-based UCITS. The Sub-fund's objective is to replicate, both upwards and downwards, the performance of the MSCI World Net Total Return Index (net dividends reinvested) (the "Benchmark"), denominated in US dollars (USD) and representative of the performance of large- and mid-cap companies in all developed countries, while minimising the tracking error between the Fund's performance and that of the Benchmark. The expected level of the Tracking Error under normal market conditions is indicated in the Fund prospectus. More detailed information on MSCI indices is available on the MSCI website (www.msci.com). The Sub-fund aims to achieve its objective by means of indirect replication, namely by entering into one or more OTC swaps (forward financial instruments, "FFIs"). The Sub-fund may invest in a diversified portfolio of international shares whose performance will be exchanged against that of the Benchmark through FFIs. The updated composition of the portfolio of securities held by the Fund is mentioned on the website amundietf.com. In addition, the indicative net asset value appears on the Fund's Reuters and Bloomberg pages and may also be mentioned on the Fund's stock exchange websites. In order to hedge the currency risk of the share class against that of the Index, the Sub-fund uses a hedging strategy that reduces the impact of variations between the Index currency and the share class currency.
Keep reading the KID section ▾
Intended retail investors:This product is intended for investors with a basic knowledge and/or no or limited experience of investing in funds, who are seeking to increase the value of their investment and receive income over the recommended holding period and who are able to bear a loss of up to the full amount invested. The product is not open to residents of the United States of America/"U.S. Person" (the definition of "U.S. Person" is available on the Management Company's website www.amundi.com and/or in the prospectus). Redemption and transaction: The Sub-fund's shares are listed and traded on one or more stock exchanges. Under normal circumstances, you can trade shares during stock exchange trading hours. Only authorised participants (e.g. selected financial institutions) can trade shares directly with the Sub-fund on the primary market. Further details are provided in the MULTI UNITS FRANCE prospectus.
Distribution Policy:In accordance with the prospectus, income and capital gains from sales may be capitalised or distributed at the discretion of the SICAV. More information: Further information regarding this product, including the prospectus and financial reports, is available free of charge on request from: Amundi Asset Management, 91-93 boulevard Pasteur, 75015 Paris, France.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓

Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

TER 0.30%: above the median of equity ETFs we track (0.22%).
Average tracking difference over the last 3 years: -0.08% p.a., against a declared TER of 0.30%.

Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed version ProspectusPDF in English, from the issuer’s site — the fund’s full legal document FactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot

The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · EUR · from Jan 2014 to Sept 2026

Adjusted for inflationCompare with the index

Compare with another ETF

Only funds we hold a history for. Three at a time, at most.

Return

+169.4%

Annualised

+8.2%

Volatility (ann.)

14.5%

Max drawdown

-33.34%

Currency-hedged share class: our figures are computed on the issuer’s NAV, where the hedge is applied at the daily fixing. Comparison sites using the exchange price may show returns and volatility that differ by 1–2 points: on hedged classes the price-vs-NAV gap is structurally wider and grows with the length of the window. Not a data error — a measurement convention. Details in the methodology.

Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.

Max drawdown

-33.34%

peak → trough

Trough

23 Mar 2020

from the 19 Feb 2020 peak

Recovery time

232 days

recovery only: trough to break-even · ≈ 8 months

Underwater

265 days

decline + recovery: peak to break-even · ≈ 9 months · → recovered on 10 Nov 2020

The five worst falls in the period

From the peak of	Trough	Depth	Back to break-even	Days underwater
19 Feb 2020	23 Mar 2020	-33.34%	10 Nov 2020	265
04 Jan 2022	12 Oct 2022	-24.01%	15 Feb 2024	772
21 May 2015	11 Feb 2016	-19.52%	15 Feb 2017	636
26 Jan 2018	24 Dec 2018	-19.39%	08 Nov 2019	651
18 Feb 2025	08 Apr 2025	-17.07%	27 Jun 2025	129

Calendar-year returns

2016

4.9%

2017

14.2%

2018

-11.5%

2019

22.4%

2020

9.9%

2021

21.5%

2022

-19.4%

2023

19.3%

2024

18.0%

2025

15.2%

2026

12.6%

Month-by-month returns

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Oct	Nov	Dec	Year
2026	1.6	0.9	-5.9	8.6	4.7	-0.2	0.1	2.3	0.5				12.6
2025	3.4	-1.1	-5.0	-0.5	5.8	3.5	1.9	1.9	3.1	2.5	0.1	-0.9	15.2
2024	1.7	4.5	3.3	-3.3	4.0	2.3	1.1	1.7	1.4	-1.0	4.9	-3.6	18.0
2023	6.3	-1.7	2.3	1.5	-0.3	5.5	2.8	-1.9	-3.9	-2.7	8.0	2.6	19.3
2022	-5.0	-2.7	3.0	-7.3	-0.3	-8.1	7.6	-3.6	-8.6	6.9	5.4	-6.6	-19.4
2021	-0.8	2.6	4.2	3.9	1.2	2.1	0.8	2.6	-3.8	5.5	-1.6	3.3	21.5
2020	-0.4	-8.3	-12.9	10.5	4.6	2.3	2.0	6.1	-3.0	-3.1	11.7	2.8	9.9
2019	7.0	3.2	1.4	3.6	-5.9	5.6	-0.4	-2.2	2.2	1.7	3.0	1.9	22.4
2018	3.5	-3.7	-2.5	1.8	1.1	0.1	1.6	1.2	0.5	-7.1	1.0	-8.8	-11.5
2017	1.1	3.1	0.8	1.0	1.3	-0.1	-0.1	0.0	2.2	2.4	1.4	0.2	14.2
2016	-5.5	-1.6	5.0	0.8	1.7	-1.5	2.3	0.3	0.1	-0.8	2.6	1.8	4.9
2015	-0.8	5.9	-0.5	1.0	1.2	-3.0	0.8	-6.6	-3.6	7.9	0.6	-3.0	-0.9
2014		4.1	0.2	0.7	2.3	1.3	-2.0	2.6	-1.1	1.1	2.8	-1.5	6.7

From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.

Source: Amundi. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 0 of the last 10 calendar years: a past observation, not an indication of future outperformance.

Average TD (last 3 years)

-0.08% /anno

Declared TER

0.30%

Year	Fund	Index	Difference
2025	+16.64%	+16.73%	-0.09%
2024	+19.82%	+19.89%	-0.07%
2023	+20.88%	+20.96%	-0.08%
2022	-17.88%	-17.87%	-0.01%
2021	+23.19%	+23.26%	-0.07%
2020	+11.75%	+11.86%	-0.11%
2019	+24.37%	+24.58%	-0.22%
2018	-9.56%	-9.38%	-0.18%
2017	+16.60%	+16.79%	-0.19%
2016	+7.61%	+7.79%	-0.18%

Fund return with dividends reinvested by Rebalix on each ex-date (the issuer does not publish a total-return series); index from the issuer-declared series; complete calendar years covered by our dividend archive. complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

	Last year	Last 3 years	Last 5 years	Last 10 years	Full history
Volatility (ann.)	11.08%	12.30%	14.04%	14.79%	14.32%
Max drawdown	-8.48%	-17.07%	-24.01%	-33.34%	-33.34%
Sharpe	1.36	1.03	0.47	0.60	0.54
Sortino	1.98	1.46	0.67	0.82	0.74

Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.20%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR, the fund's currency; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio

251

Top-10 weight

47.7%

Top 10 holdings

APPLE INC · AAPL UW

8.32%

MICROSOFT CORP · MSFT UW

8.08%

AMAZON.COM INC · AMZN UW

6.89%

TESLA INC · TSLA UW

4.87%

META PLATFORMS INC-CLASS A · META UW

4.82%

BROADCOM INC · AVGO UW

4.52%

MICRON TECHNOLOGY INC · MU UW

2.84%

PALANTIR TECHNOLOGIES INC-A · PLTR UW

2.61%

ADVANCED MICRO DEVICES · AMD UW

2.46%

SANDISK CORP · SNDK UW

2.28%

⬇ Download the full portfolio — Excel, 252 rows

Full portfolio declared by Amundi, as of 1 September 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding. Synthetic replication: the list shows the substitute basket (securities held as swap collateral), which can differ substantially from the replicated index. The fund’s economic exposure is that of its declared index.

Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Dividends

Frequency

Annual

Latest dividend

3.04 EUR

ex 9 Dec 2025 · paid 12 Dec 2025

Dividends, last 12 months

3.04 EUR

Dividend yield

1.13%

12-month sum over the NAV as of 3 Sept 2026

Yield by year

Period	Dividends	Dividend yield
1 year	3.04 EUR	1.34 %
2025	3.04 EUR	1.46 %
2024	3.36 EUR	1.91 %
2023	2.34 EUR	1.58 %
2022	2.75 EUR	1.50 %
2021	2.47 EUR	1.64 %

Dividend contribution to total return

dividendsprice changeprice decline

Calendar per share (EUR)

Year	Jul	Dec
2025		3.04
2024		3.36
2023		2.34
2022	0.55	2.20
2021	1.51	0.96
2020	1.45	0.85
2019	1.85	0.20
2018	1.71	0.99
2017	1.65	0.89
2016	1.74	0.94
2015	1.79	0.93
2014	1.24	0.69

Latest dividends

Per share	Ex-dividend date	Payment
3.04 EUR	9 Dec 2025	12 Dec 2025
3.36 EUR	10 Dec 2024	13 Dec 2024
2.34 EUR	12 Dec 2023	15 Dec 2023
2.20 EUR	7 Dec 2022	9 Dec 2022
0.55 EUR	6 Jul 2022	8 Jul 2022
0.96 EUR	8 Dec 2021	10 Dec 2021
1.51 EUR	7 Jul 2021	9 Jul 2021
0.85 EUR	9 Dec 2020	11 Dec 2020

Per-share dividends as declared by the issuer, in EUR, since the first payment (9 Jul 2014). Past dividends are not indicative of future ones. An «estimated» payment date is computed by Rebalix (ex-date + 2-3 business days, as this issuer has paid in the past) because the issuer does not publish it: it may differ by a day.

ETFs declaring the same index

Fund	TER	Income	Fund size
Amundi Core MSCI World Swap UCITS ETF EUR Hedged Acc compare ⇄ AHYY · Amundinot on Borsa Italiana	0.22%	Acc.	11 mln EUR

2 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.

Italian taxation

Effective rate on capital gains

26.00%

White-list share

0.00%

From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.

Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

FR0011660927WLDH

Directazero within the savings plan (buys)
Finecozero on buys (single orders and savings plan) — promo list renewed monthly: check it is still listed
Moneyfarmzero within the savings plan (buys), agreement until 15 May 2027

FR0010315770WLD

Directazero within the savings plan (buys)
Finecozero on buys (single orders and savings plan) — promo list renewed monthly: check it is still listed
Moneyfarmzero within the savings plan (buys), agreement until 15 May 2027
Moneyfarmzero on single buys from 1,000 €, agreement until 15 May 2027
XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans

FR0014003IY1WLDC

BG Saxozero within the savings plan (buys)
Directazero within the savings plan (buys)
Finecozero on buys (single orders and savings plan) — promo list renewed monthly: check it is still listed
Moneyfarmzero within the savings plan (buys), agreement until 15 May 2027
Moneyfarmzero on single buys from 1,000 €, agreement until 15 May 2027

FR0014003N93BUN0

Finecozero on buys (single orders and savings plan) — promo list renewed monthly: check it is still listed

Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

Exchange	Ticker	Trading since
Borsa Italiana (ETFplus)	WLDH	9 Jan 2020
Börse Düsseldorf	DJAB	7 Sept 2017
Börse Hamburg	DJAB	1 Aug 2016
Börse Hannover	DJAB	9 Dec 2024
Börse München / gettex	DJAB	15 Sept 2021
Börse Stuttgart	DJAB	23 Feb 2026
Euronext Paris	WLDH	13 Feb 2014
Tradegate Exchange	DJAB	31 Jul 2024

+ 17 more trading venues (MTFs and professional platforms).

Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does Amundi MSCI World Swap II UCITS ETF EUR Hedged Dist track?

The issuer Amundi declares the benchmark: MSCI World 100% Hedged to EUR Net Total Return Index.

How much does WLDH cost?

The issuer-declared TER is 0.30% per year; the transaction costs estimated in the KID are 0.00%.

How is WLDH taxed in Italy?

On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.

What is the fund size of WLDH?

The fund size declared by Amundi is about 684 million euro.

When was WLDH launched?

The fund was launched on 5 September 2018: it has 8 years of history.

How does WLDH replicate its index?

It is a passively managed ETF: it follows the declared index. Synthetic (swap) (issuer wording: “Indirect(Swap Based)”).

Does WLDH pay dividends?

No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation and/or distribution”).

Where does WLDH trade?

Per the official ESMA register it trades on 8 main exchanges, including Borsa Italiana (ETFplus) (WLDH), Börse Düsseldorf (DJAB), Börse Hamburg (DJAB), Börse Hannover (DJAB), Börse München / gettex (DJAB), Börse Stuttgart (DJAB).

What was WLDH's worst fall?

Over the available history (since 2014), the maximum drawdown was -33.34%, reached in March 2020. Past performance is not indicative of future results.

What is WLDH's tracking difference?

Over the last 3 complete calendar years the fund returned on average -0.08% per year versus its index (from issuer-declared series).

How many securities does WLDH hold?

The declared portfolio holds 251 securities; the top 10 positions weigh 47.7%.

Transparency note

The data in this sheet is declared by Amundi in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.