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Amundi S&P 500 Equal Weight ESG UCITS ETF EUR Hedged AccIndex, costs, backtest, listings and taxation

ISIN: IE000M86QRT4Ticker: MWOQ (Xetra) · MWOQ (Euronext Paris)Issuer: AmundiClass: UCITS ETF EUR Hedged Acc Currency hedging: EUR-hedged share class
Issuer-declared data
Declared index
S&P 500 Equal Weight ESG+ Index
TER
0.20%
Transaction costs
0.02% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
173.3 mln EUR
NAV
14.28 EUR (1 September 2026)
Domicile
Ireland
Inception date
22 June 2023
Data as declared by Amundi in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

Amundi S&P 500 Equal Weight ESG UCITS ETF EUR Hedged Acc tracks the issuer-declared index: S&P 500 Equal Weight ESG+ 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 0.20%, plus 0.02% in transaction costs estimated by the issuer in the KID. Replication is direct physical replication; income is accumulated and reinvested in the fund. The fund has assets of about 173 million euro, was launched on 22 June 2023 and is domiciled in Ireland. In our registry 1 other ETFs declare the same index.

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

This Sub-Fund is passively managed. The Sub-Fund is a financial product that promotes among other characteristics ESG characteristics pursuant to Article 8 of the Disclosure Regulation. The objective of this Sub-Fund is to track the performance of S&P 500 Equal Weight ESG+ Index (the "Index"), and to minimize the tracking error between the net asset value of the Sub-Fund and the performance of the Index.

Keep reading the KID section ▾

The anticipated level of the tracking error, under normal market conditions, is indicated in the prospectus of the Sub-Fund. The Index is a net total return index, meaning that dividends net of tax paid by the index constituents are included in the Index return. More information about the composition of the Index and its operating rules are available in the prospectus and at www.spdji.com The Index is an equity broad-based, equal weight index that measures the performance of securities meeting sustainability criteria, while maintaining similar overall industry group weight as the S&P 500 Equal Weight ESG+ Index (the "Parent Index"). The Sub-Fund promotes environmental and/or social characteristics through among others, replicating an Index integrating an environmental, social and governance ("ESG") rating. The Index methodology is constructed using a "Best-in-class approach": best ranked companies are selected to construct the Index. "Best-in-class" is an approach where leading or best-performing investments are selected within a universe, industry sector or class. It excludes companies falling behind on an ESG level, particularly on the basis of ESG ratings. Using such Best-in-class approach, the Index follows an extra-financial approach significantly engaging that permits the reduction by at least 20% of the initial investment universe (expressed in number of issuers). More information on the exclusions applied by the Index pursuant to EU Paris-aligned Benchmark (PAB) is available in the section "Guidelines on funds' names using ESG or sustainability-related terms" in the Prospectus. The Parent Index is the equal-weight version of the S&P 500 Index representative of the largest companies listed in the USA. Information on how the Index is consistent with environmental, social and governance characteristics is available in the prospectus. More information about the composition of the Index and its operating rules are available in the prospectus and at: spdji.com The Index value is available via Bloomberg (SPXEEPUN). The exposure to the Index will be achieved through a Direct Replication, mainly by making direct investments in transferable securities and/or other eligible assets representing the Index constituents in a proportion extremely close to their proportion in the Index. The Investment Manager will be able to use derivatives in order to deal with inflows and outflows and which relate to the Index or constituents of the Index for investment and/or efficient portfolio management. In order to generate additional income to offset its costs, the Sub-Fund may also enter into securities lending operations. The Sub-Fund integrates sustainability risks as outlined in more detail in section "Sustainable Investment" of the prospectus. Dividend Policy : the accumulation share automatically retains, and re-invests, all attributable income within the Sub-Fund; thereby accumulating value in the price of the accumulation shares. The minimum recommended holding term is 5 YEARS. The Sub-Fund's shares are listed and traded on one or more stock exchanges. In normal circumstances, you may deal in shares during the trading hours of the stock exchanges, provided that the Market Makers can maintain market liquidity. Only authorised participants (e.g. selected financial institutions) may deal in shares directly with the Sub-Fund on the primary market. Further details are provided in the prospectus of the ICAV.

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.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF 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 Jul 2023 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+38.5%
Annualised
+10.8%
Volatility (ann.)
13.9%
Max drawdown
-19.08%
-14%+1%+16%+32%+47%Jul 2023Apr 2024Feb 2025Nov 2025Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+38%Jul 2023Sept 2026
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.
0%-5%-10%-15%-20%2023202420252026−19.08% · 08 Apr 2025
Max drawdown
-19.08%
peak → trough
Trough
08 Apr 2025
from the 25 Nov 2024 peak
Recovery time
136 days
recovery only: trough to break-even · ≈ 4 months
Underwater
270 days
decline + recovery: peak to break-even · ≈ 9 months · → recovered on 22 Aug 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
25 Nov 202408 Apr 2025-19.08%22 Aug 2025270
31 Jul 202327 Oct 2023-14.15%14 Dec 2023136
26 Feb 202630 Mar 2026-9.55%26 May 202689
28 Mar 202417 Apr 2024-6.51%16 Jul 2024110
16 Jul 202405 Aug 2024-5.71%21 Aug 202436

Calendar-year returns

2023
4.5%
2024
8.6%
2025
10.0%
2026
10.9%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20262.62.9-7.55.82.82.41.02.2-1.410.9
20253.6-0.7-4.3-2.94.63.70.32.70.9-0.92.10.910.0
2024-0.93.44.1-5.02.5-0.54.12.52.3-2.55.5-6.58.6
2023-3.8-5.1-4.28.37.14.5
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.
Declared TER
0.20%
YearFundIndexDifference
2025+9.99%+9.94%+0.05%
2024+8.65%+8.39%+0.25%
Total-return figures from issuer-declared series (primary source); 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 yearLast 3 years
Volatility (ann.)12.25%14.08%
Max drawdown-9.55%-19.08%
Sharpe0.930.66
Sortino1.400.97
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. 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: 2.21%), 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
319
Top-10 weight
4.8%

Top 10 holdings

MODERNA INC · MRNA UW
1.00%
CHARLES RIV LAB INT · CRL UN
0.45%
SALESFORCE COM · CRM UN
0.45%
WORKDAY INC · WDAY UW
0.43%
GLOBAL PAYMENTS INC · GPN UN
0.43%
BIO-TECHNE CORP · TECH UW
0.41%
EXPEDIA GROUP INC · EXPE UW
0.41%
PALO ALTO NETWORKS INC · PANW UW
0.41%
REGENERON PHARMACEUTICALS · REGN UW
0.41%
SERVICENOW INC · NOW UN
0.40%

Sectors

Financials
18.7%
Health Care
16.1%
Information Technology
15.4%
Industrials
15.3%
Consumer Discretionary
9.1%
Consumer Staples
7.1%
Real Estate
6.8%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItalyJamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 100%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States100%
Download the full portfolio — Excel, 320 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.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

ETFs declaring the same index

FundTERIncomeFund size
WELE · Amundi
0.18%Acc.2.7 mld 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:

IE000M86QRT4MWOQ
  • 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 10 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

ExchangeTickerTrading since
Börse DüsseldorfMWOQ27 Jul 2023
Börse FrankfurtMWOQ26 Jul 2023
Börse HamburgMWOQ2 Sept 2025
Börse HannoverMWOQ9 Dec 2024
Börse München / gettexMWOQ26 Jul 2023
Börse StuttgartMWOQ4 Aug 2023
Euronext ParisMWOQ18 Jun 2025
Tradegate ExchangeMWOQ4 Sept 2023
Xetra (Deutsche Börse)MWOQ26 Jul 2023
+ 21 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 S&P 500 Equal Weight ESG UCITS ETF EUR Hedged Acc track?
The issuer Amundi declares the benchmark: S&P 500 Equal Weight ESG+ Index.
How much does MWOQ cost?
The issuer-declared TER is 0.20% per year; the transaction costs estimated in the KID are 0.02%.
How is MWOQ 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 MWOQ?
The fund size declared by Amundi is about 173 million euro.
When was MWOQ launched?
The fund was launched on 22 June 2023: it has 3 years of history.
How does MWOQ replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Direct(Physical)”).
Does MWOQ pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
Where does MWOQ trade?
Per the official ESMA register it trades on 9 main exchanges, including Börse Düsseldorf (MWOQ), Börse Frankfurt (MWOQ), Börse Hamburg (MWOQ), Börse Hannover (MWOQ), Börse München / gettex (MWOQ), Börse Stuttgart (MWOQ).
What was MWOQ's worst fall?
Over the available history (since 2023), the maximum drawdown was -19.08%, reached in April 2025. Past performance is not indicative of future results.
How many securities does MWOQ hold?
The declared portfolio holds 319 securities; the top 10 positions weigh 4.8%.
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.