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Amundi MSCI World (2x) Leveraged UCITS ETF Acc (LWLD.PA)

Amundi MSCI World (2x) Leveraged UCITS ETF Acc is an exchange-traded fund that tracks the daily movement of MSCI World at 2x leverage. If the index rises 1% on a given day, this ETF gains approximately 2%. This page summarizes historical returns, costs, and a comparison with a simple trend-following strategy.

1Y Performance
n/a
Since Inception CAGR
+24.2%
Max Drawdown
-14.5%
Volatility
23.5%

Performance Comparison

How would this product have performed compared with an unlevered investment in the same market? The table shows the LETF (with leverage) alongside a 1x reference (no leverage), showing how much the leverage has added or cost over the long term.

As of 09/10/2026, closing prices
Metric LETF Buy & Hold 1x Proxy / Benchmark
Total Return +22.1%+14.3%
CAGR +24.2%+15.7%
Max Drawdown -14.5%-8.9%
Cur. Drawdown -5.5%-2.5%
Volatility 23.5%12.1%
Worst Year 2.5%2.4%

Performance Drift

Why didn't this 2× ETF simply deliver 2× the return of the underlying index over the last 12 months? The chart compares the actual LETF return with the return you would expect from a perfect 2× exposure to the index. Financing costs, daily rebalancing, product fees and other effects cause these two values to diverge. The breakdown shows how much each factor contributed.

Comparison since available history: less than one year of common data is available.

Performance Drift
Solid
vs. 2× MSCI World (USD)
-5.01 pp
Volatility effect
+0.77 pp
Financing
-4.48 pp
Model deviation
-0.76 pp
TER costs
-0.76 pp
Withholding tax
+0.46 pp
Replication costs
-1.42 pp
Currency effect
+1.17 pp
Effective leverage
1.58x
Financing
-5.23 pp
Tracking difference
-1.81 pp

Risk & Recovery

What would a lump-sum investment have gone through here? The chart shows the value of 10,000 from the start of the selected period, for the product and the unlevered 1x ETF on the same market. The table sums up what came out in the end and how deep and how long it dropped along the way. Hovering the charts rewinds the story to that date.

Since the data begins (Oct 9, 2025), €10,000 in this product became €12,210, versus €11,432 with the 1x. Along the way it dropped to just €9,157 (1x: €9,650).

What became of €10,000

Metric LETF 1x ETF
Final amount from €10,000 €12,210€11,432
Lowest interim value €9,157 (Mar 27, 2026)€9,650 (Mar 30, 2026)
Deepest drawdown -14.5%-8.9%
Time under water 91 days49 days

How far back to the all-time high?

LETF
needs +5.8% (-5.5% below the ATH)
1x ETF
needs +2.6% (-2.5% below the ATH)
As of 09/10/2026, closing prices

Past performance, not investment advice.

Strategy Check

Buy & Hold vs. SMA200

View SMA200 Strategy

Buy & Hold means: buy once and hold long-term without trading. The SMA200 (200-day moving average) is a simple trend filter. When the market is above the average of the last 200 trading days, the strategy stays invested; when it is below, it exits. The table shows which strategy has historically delivered better risk-adjusted results.

Metric Buy & Hold SMA200
CAGR +24.2%+17.7%
Max Drawdown -14.5%-15.0%
Number of Trades 6
% Time Invested 100.0%97.4%