Fund guide and interactive backtest
Leveraged MSCI World ETF: How the 2× Fund Really Works
The Amundi MSCI World (2x) Leveraged UCITS ETF tracks a benchmark that targets twice the daily movement of the underlying MSCI World Index—not twice its return over months or years. Here you can check the fund facts, understand the main risks, and test estimated 2× exposure against MSCI World history.
Reviewed . Educational information, not financial advice.
Which leveraged MSCI World ETF exists?
The fund most closely matching this search is the Amundi MSCI World (2x) Leveraged UCITS ETF Acc. Its identifiers include ISIN FR0014010HV4, WKN ETF888, and ticker LVWC on Xetra. It follows the MSCI World Leveraged 2X Daily (Net) Index through synthetic replication.
| Fund | Amundi MSCI World (2x) Leveraged UCITS ETF Acc |
|---|---|
| ISIN | FR0014010HV4 |
| WKN | ETF888 |
| Exchange tickers | LVWC on Xetra/gettex; LWLD on Euronext Paris |
| Benchmark | MSCI World Leveraged 2X Daily (Net) Index |
| Daily objective | Approximately 2× the underlying MSCI World Index’s daily movement, before fund-level tracking differences |
| Total expense ratio | 0.60% per year |
| Replication | Synthetic, using a swap |
| Income treatment | Accumulating |
| Fund inception | September 30, 2025 |
Tickers depend on the exchange. Confirm current listings, costs, objectives, and risk disclosures in the issuer's documents before making a decision.
Why 2× daily is not 2× long-term
The leverage target resets every trading day. Each day's result is therefore applied to the value left by the previous day. Over several days, compounding can make the fund's return higher or lower than twice the MSCI World's cumulative return.
Starting value
$100.00
After MSCI World +10%
$120.00
2× exposure gains 20%
Then MSCI World −9.09%
$98.18
Benchmark returns to $100
The benchmark finished flat, but the simplified 2× position lost 1.82%. This is path dependency: the sequence and size of daily moves matter. Steady trends can also create favorable compounding, so the effect is not always negative. Read our detailed explanation of volatility decay and favorable compounding.
Backtest estimated 2× MSCI World exposure
The real fund launched in 2025, which is too recent to show how it might have behaved through earlier market cycles. Our simulator applies daily leverage to MSCI World price-index history beginning in 1997, then estimates financing, management fees, and an additional spread.
Start with the Amundi-style preset
The linked backtest selects MSCI World, 2× daily leverage, and a 0.60% annual management fee. You can change the period, contributions, costs, leverage, and strategy assumptions inside the tool.
See exactly how the estimates are constructed in our leveraged ETF simulation methodology.
The 0.60% TER is not the whole cost
The total expense ratio is the easiest cost to see, but leveraged exposure also requires financing and implementation. What matters to an investor is the realized difference between the fund and the unleveraged benchmark, not the TER in isolation.
Fund fee
The stated 0.60% annual TER covers fund-level operating expenses.
Financing and swap
The leveraged index and synthetic implementation introduce financing and counterparty considerations.
Investor costs
Bid-ask spreads, broker fees, taxes, and currency effects depend on how and where the fund is traded.
Main risks to understand
A geographically broad benchmark does not make daily leverage conservative. The fund remains a complex equity product capable of large and sudden losses.
- Amplified losses: a negative MSCI World day is magnified before fees and tracking differences.
- Path dependency: long-term performance can diverge substantially from two times the benchmark's long-term return.
- Deep drawdowns: recovery becomes progressively harder as losses approach the value of the investment.
- Developed markets only: MSCI World does not include emerging markets.
- Synthetic replication: swaps add implementation and counterparty risks described in the issuer documents.
- Model risk: a historical simulation depends on its data and cost assumptions and cannot predict future returns.
MSCI World versus 2× MSCI World
| Feature | Regular MSCI World ETF | 2× leveraged MSCI World ETF |
|---|---|---|
| Daily objective | Track the MSCI World benchmark | Target 2× daily leveraged exposure |
| Reset | No leverage reset | Leverage resets each trading day |
| Long-term return | Compounded benchmark returns | Depends on the complete path of daily returns |
| Costs | Fund costs and tracking difference | TER, financing, swap implementation, and tracking difference |
| Drawdowns | Full equity-market risk | Losses and drawdowns are amplified |
Common questions
Is there a leveraged MSCI World ETF?
Yes. Amundi offers a UCITS ETF with a 2× daily objective, identified by ISIN FR0014010HV4 and WKN ETF888. Its exchange ticker varies, including LVWC on Xetra and LWLD on Euronext Paris.
Does 2× mean twice the long-term MSCI World return?
No. The objective applies daily. Compounding, volatility, financing, fees, and tracking differences determine the result across longer periods.
Does MSCI World include emerging markets?
No. MSCI World covers large- and mid-cap companies in developed markets. “World” should not be read as all-country exposure.
Why backtest the ETF if it launched in 2025?
The short live history cannot show earlier crashes and market regimes. A model can explore hypothetical daily leveraged exposure further back, provided its assumptions and limitations remain visible.
Is this backtest the same as the fund's historical performance?
No. It is an educational simulation using MSCI World price history and estimated costs. It does not replace official index data, the fund's reported performance, or its legal documents.