Member Strategy · Backtest completed
DCA World — €500 Monthly
Submitted by Anais581
“I would like to see what would have happened if I had invested €500 in a World ETF on the first Monday of every month.”
Independent audit: 30 PASS / 0 FAIL
120 monthly investments
05 Sep 2016 → 28 Aug 2026
Total invested
€60,000
Final value
€121,568
Net gain
+€61,568
Annualized XIRR
13.58%
Max drawdown
-33.62%
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Portfolio growth
Portfolio value is shown against cumulative contributions. The investor contributed exactly €500 each month; brokerage was paid from that monthly budget and uninvested cash was carried forward.
Strategy rules
Investment plan
- €500 contributed every month.
- Purchase on the first Monday of each month.
- If Euronext Paris is closed, buy on the next available session.
- Execution at the opening price.
- No fractional shares.
- Residual cash remains in the PEA and carries forward.
- No sales during the backtest period.
Instrument and account
- Amundi PEA Monde (MSCI World) UCITS ETF Acc
- ISIN: FR001400U5Q4
- Ticker: DCAM.PA
- Distribution: Accumulating
- Account: Bourse Direct PEA
- ETF ongoing management/admin costs: 0.20%/year, embedded in ETF prices.
Performance
Return
- Total contributions: €60,000.00
- Final mark-to-market: €121,568.04
- Gain: +€61,568.04
- Gain versus contributions: +102.61%
- Money-weighted annual return (XIRR): 13.58%
- Time-weighted return: +221.60%
Risk
- Maximum drawdown: -33.62%
- Annualized volatility: 14.77%
- Sharpe ratio (0% risk-free): 0.854
- Final ETF shares: 19,538
- Final residual cash: €2.60
Costs
Brokerage
- 120 buy orders, 0 skipped months.
- Total Bourse Direct brokerage paid: €141.55.
- 95 orders charged €0.99 and 25 orders charged €1.90.
- Estimated final-value drag caused by brokerage: €286.03.
- Temporary free-ETF promotions are excluded.
ETF ongoing costs
- ETF management/admin cost: 0.20% per year.
- These costs are already reflected in the ETF/reconstructed price path.
- Estimated cumulative amount attributable to those embedded costs: €913.71.
- This amount is not deducted a second time.
If all ETF shares were hypothetically sold on the final valuation date,
the normal Bourse Direct sell commission would be approximately
€109.41, leaving a
theoretical net liquidation value of
€121,458.63.
Year by year
Calendar-year performance is time-weighted so that the monthly cash contributions do not artificially distort the annual percentage return.
| Year | Contributions | Year-end value | Return | Max drawdown | Brokerage |
|---|---|---|---|---|---|
| 2016 | €2,000 | €2,136 | +6.60% | -4.73% | €4.87 |
| 2017 | €6,000 | €8,506 | +7.30% | -7.07% | €12.79 |
| 2018 | €6,000 | €13,834 | -3.58% | -15.05% | €13.70 |
| 2019 | €6,000 | €24,483 | +28.58% | -6.24% | €14.61 |
| 2020 | €6,000 | €32,741 | +6.46% | -33.62% | €13.70 |
| 2021 | €6,000 | €50,341 | +32.52% | -4.65% | €13.70 |
| 2022 | €6,000 | €49,094 | -13.60% | -16.69% | €13.70 |
| 2023 | €6,000 | €65,327 | +19.78% | -7.10% | €14.61 |
| 2024 | €6,000 | €89,942 | +27.29% | -8.16% | €15.52 |
| 2025 | €6,000 | €102,137 | +6.34% | -21.92% | €14.61 |
| 2026 | €4,000 | €121,568 | +14.76% | -6.53% | €9.74 |
Data methodology
The selected ETF, DCAM.PA, was launched on 4 March 2025 and therefore does not have a complete 10-year price history.
For dates before launch, MarketMoveForecast reconstructs a DCAM-like historical series from CW8.PA, another accumulating Amundi MSCI World ETF. CW8's historical adjusted prices already reflect its own 0.38% annual fund costs. The reconstructed pre-launch path is adjusted for the 0.18 percentage-point annual cost difference so that it approximates DCAM's 0.20% ongoing cost.
From 4 March 2025 onward, actual DCAM.PA market prices are used. The independent numerical audit reproduced the pre-launch reconstruction and verified the splice to the actual ETF data.
Bid/ask spreads and intraday slippage are not modelled from daily OHLC data. PEA withdrawal taxation and interest on residual cash are excluded.
For context: lump-sum scenario
If the full €60,000 had instead been available and invested at the beginning of the period, the model produces a final mark-to-market value of €194,968.13 and a CAGR of 12.54%.
This is context only, not a like-for-like benchmark. A lump-sum investor must already have the entire €60,000 available in September 2016, whereas the DCA investor contributes the capital progressively.
View all 120 monthly purchases
| Month | Execution | Data | Open price | Shares bought | Gross order | Brokerage | Cash left |
|---|---|---|---|---|---|---|---|
| 2016-09 | 05 Sep 2016 | Reconstructed | €1.913 | 260 | €497.38 | €0.99 | €1.63 |
| 2016-10 | 03 Oct 2016 | Reconstructed | €1.888 | 264 | €498.39 | €0.99 | €2.24 |
| 2016-11 | 07 Nov 2016 | Reconstructed | €1.880 | 266 | €500.02 | €1.90 | €0.33 |
| 2016-12 | 05 Dec 2016 | Reconstructed | €1.974 | 252 | €497.56 | €0.99 | €1.78 |
| 2017-01 | 02 Jan 2017 | Reconstructed | €2.051 | 243 | €498.33 | €0.99 | €2.46 |
| 2017-02 | 06 Feb 2017 | Reconstructed | €2.068 | 242 | €500.42 | €1.90 | €0.14 |
| 2017-03 | 06 Mar 2017 | Reconstructed | €2.155 | 231 | €497.91 | €0.99 | €1.24 |
| 2017-04 | 03 Apr 2017 | Reconstructed | €2.153 | 232 | €499.51 | €0.99 | €0.74 |
| 2017-05 | 02 May 2017 | Reconstructed | €2.150 | 232 | €498.81 | €0.99 | €0.94 |
| 2017-06 | 05 Jun 2017 | Reconstructed | €2.141 | 233 | €498.80 | €0.99 | €1.15 |
| 2017-07 | 03 Jul 2017 | Reconstructed | €2.109 | 237 | €499.95 | €0.99 | €0.21 |
| 2017-08 | 07 Aug 2017 | Reconstructed | €2.089 | 238 | €497.27 | €0.99 | €1.95 |
| 2017-09 | 04 Sep 2017 | Reconstructed | €2.064 | 242 | €499.49 | €0.99 | €1.47 |
| 2017-10 | 02 Oct 2017 | Reconstructed | €2.143 | 233 | €499.21 | €0.99 | €1.27 |
| 2017-11 | 06 Nov 2017 | Reconstructed | €2.218 | 225 | €499.05 | €0.99 | €1.23 |
| 2017-12 | 04 Dec 2017 | Reconstructed | €2.197 | 227 | €498.65 | €0.99 | €1.59 |
| 2018-01 | 02 Jan 2018 | Reconstructed | €2.211 | 226 | €499.76 | €0.99 | €0.84 |
| 2018-02 | 05 Feb 2018 | Reconstructed | €2.134 | 234 | €499.28 | €0.99 | €0.57 |
| 2018-03 | 05 Mar 2018 | Reconstructed | €2.157 | 231 | €498.20 | €0.99 | €1.38 |
| 2018-04 | 03 Apr 2018 | Reconstructed | €2.111 | 236 | €498.30 | €0.99 | €2.08 |
| 2018-05 | 07 May 2018 | Reconstructed | €2.223 | 224 | €498.02 | €0.99 | €3.07 |
| 2018-06 | 04 Jun 2018 | Reconstructed | €2.309 | 217 | €501.04 | €1.90 | €0.13 |
| 2018-07 | 02 Jul 2018 | Reconstructed | €2.266 | 220 | €498.55 | €0.99 | €0.59 |
| 2018-08 | 06 Aug 2018 | Reconstructed | €2.376 | 210 | €498.87 | €0.99 | €0.73 |
| 2018-09 | 03 Sep 2018 | Reconstructed | €2.394 | 208 | €498.03 | €0.99 | €1.71 |
| 2018-10 | 01 Oct 2018 | Reconstructed | €2.416 | 206 | €497.77 | €0.99 | €2.95 |
| 2018-11 | 05 Nov 2018 | Reconstructed | €2.285 | 219 | €500.38 | €1.90 | €0.68 |
| 2018-12 | 03 Dec 2018 | Reconstructed | €2.351 | 212 | €498.32 | €0.99 | €1.37 |
| 2019-01 | 07 Jan 2019 | Reconstructed | €2.152 | 232 | €499.25 | €0.99 | €1.13 |
| 2019-02 | 04 Feb 2019 | Reconstructed | €2.284 | 218 | €497.94 | €0.99 | €2.20 |
| 2019-03 | 04 Mar 2019 | Reconstructed | €2.389 | 209 | €499.30 | €0.99 | €1.91 |
| 2019-04 | 01 Apr 2019 | Reconstructed | €2.441 | 204 | €497.98 | €0.99 | €2.94 |
| 2019-05 | 06 May 2019 | Reconstructed | €2.479 | 202 | €500.67 | €1.90 | €0.37 |
| 2019-06 | 03 Jun 2019 | Reconstructed | €2.369 | 210 | €497.43 | €0.99 | €1.95 |
| 2019-07 | 01 Jul 2019 | Reconstructed | €2.526 | 197 | €497.67 | €0.99 | €3.29 |
| 2019-08 | 05 Aug 2019 | Reconstructed | €2.490 | 201 | €500.45 | €1.90 | €0.95 |
| 2019-09 | 02 Sep 2019 | Reconstructed | €2.530 | 197 | €498.37 | €0.99 | €1.58 |
| 2019-10 | 07 Oct 2019 | Reconstructed | €2.554 | 195 | €498.08 | €0.99 | €2.52 |
| 2019-11 | 04 Nov 2019 | Reconstructed | €2.648 | 189 | €500.40 | €1.90 | €0.22 |
| 2019-12 | 02 Dec 2019 | Reconstructed | €2.735 | 182 | €497.68 | €0.99 | €1.54 |
| 2020-01 | 06 Jan 2020 | Reconstructed | €2.761 | 181 | €499.83 | €0.99 | €0.73 |
| 2020-02 | 03 Feb 2020 | Reconstructed | €2.783 | 179 | €498.14 | €0.99 | €1.60 |
| 2020-03 | 02 Mar 2020 | Reconstructed | €2.578 | 193 | €497.58 | €0.99 | €3.03 |
| 2020-04 | 06 Apr 2020 | Reconstructed | €2.251 | 222 | €499.65 | €0.99 | €2.38 |
| 2020-05 | 04 May 2020 | Reconstructed | €2.394 | 209 | €500.39 | €1.90 | €0.09 |
| 2020-06 | 01 Jun 2020 | Reconstructed | €2.572 | 194 | €498.92 | €0.99 | €0.19 |
| 2020-07 | 06 Jul 2020 | Reconstructed | €2.643 | 188 | €496.96 | €0.99 | €2.24 |
| 2020-08 | 03 Aug 2020 | Reconstructed | €2.598 | 192 | €498.91 | €0.99 | €2.34 |
| 2020-09 | 07 Sep 2020 | Reconstructed | €2.684 | 186 | €499.22 | €0.99 | €2.13 |
| 2020-10 | 05 Oct 2020 | Reconstructed | €2.703 | 185 | €500.04 | €1.90 | €0.19 |
| 2020-11 | 02 Nov 2020 | Reconstructed | €2.629 | 189 | €496.90 | €0.99 | €2.30 |
| 2020-12 | 07 Dec 2020 | Reconstructed | €2.896 | 172 | €498.17 | €0.99 | €3.15 |
| 2021-01 | 04 Jan 2021 | Reconstructed | €2.946 | 170 | €500.77 | €1.90 | €0.47 |
| 2021-02 | 01 Feb 2021 | Reconstructed | €2.951 | 169 | €498.75 | €0.99 | €0.74 |
| 2021-03 | 01 Mar 2021 | Reconstructed | €3.055 | 163 | €497.89 | €0.99 | €1.86 |
| 2021-04 | 06 Apr 2021 | Reconstructed | €3.257 | 153 | €498.36 | €0.99 | €2.50 |
| 2021-05 | 03 May 2021 | Reconstructed | €3.285 | 152 | €499.26 | €0.99 | €2.26 |
| 2021-06 | 07 Jun 2021 | Reconstructed | €3.310 | 151 | €499.85 | €0.99 | €1.42 |
| 2021-07 | 05 Jul 2021 | Reconstructed | €3.452 | 144 | €497.03 | €0.99 | €3.41 |
| 2021-08 | 02 Aug 2021 | Reconstructed | €3.504 | 143 | €501.09 | €1.90 | €0.42 |
| 2021-09 | 06 Sep 2021 | Reconstructed | €3.603 | 138 | €497.18 | €0.99 | €2.25 |
| 2021-10 | 04 Oct 2021 | Reconstructed | €3.496 | 143 | €499.89 | €0.99 | €1.37 |
| 2021-11 | 01 Nov 2021 | Reconstructed | €3.718 | 134 | €498.27 | €0.99 | €2.11 |
| 2021-12 | 06 Dec 2021 | Reconstructed | €3.720 | 134 | €498.52 | €0.99 | €2.60 |
| 2022-01 | 03 Jan 2022 | Reconstructed | €3.871 | 129 | €499.40 | €0.99 | €2.21 |
| 2022-02 | 07 Feb 2022 | Reconstructed | €3.634 | 137 | €497.93 | €0.99 | €3.29 |
| 2022-03 | 07 Mar 2022 | Reconstructed | €3.547 | 141 | €500.07 | €1.90 | €1.32 |
| 2022-04 | 04 Apr 2022 | Reconstructed | €3.773 | 132 | €498.07 | €0.99 | €2.26 |
| 2022-05 | 02 May 2022 | Reconstructed | €3.616 | 138 | €499.06 | €0.99 | €2.21 |
| 2022-06 | 06 Jun 2022 | Reconstructed | €3.561 | 140 | €498.50 | €0.99 | €2.72 |
| 2022-07 | 04 Jul 2022 | Reconstructed | €3.354 | 149 | €499.70 | €0.99 | €2.03 |
| 2022-08 | 01 Aug 2022 | Reconstructed | €3.670 | 136 | €499.18 | €0.99 | €1.86 |
| 2022-09 | 05 Sep 2022 | Reconstructed | €3.599 | 138 | €496.62 | €0.99 | €4.25 |
| 2022-10 | 03 Oct 2022 | Reconstructed | €3.332 | 150 | €499.74 | €0.99 | €3.52 |
| 2022-11 | 07 Nov 2022 | Reconstructed | €3.458 | 145 | €501.38 | €1.90 | €0.23 |
| 2022-12 | 05 Dec 2022 | Reconstructed | €3.561 | 140 | €498.58 | €0.99 | €0.66 |
| 2023-01 | 02 Jan 2023 | Reconstructed | €3.431 | 145 | €497.45 | €0.99 | €2.22 |
| 2023-02 | 06 Feb 2023 | Reconstructed | €3.583 | 139 | €498.03 | €0.99 | €3.20 |
| 2023-03 | 06 Mar 2023 | Reconstructed | €3.587 | 139 | €498.56 | €0.99 | €3.65 |
| 2023-04 | 03 Apr 2023 | Reconstructed | €3.565 | 140 | €499.16 | €0.99 | €3.50 |
| 2023-05 | 02 May 2023 | Reconstructed | €3.572 | 140 | €500.10 | €1.90 | €1.50 |
| 2023-06 | 05 Jun 2023 | Reconstructed | €3.731 | 134 | €499.98 | €0.99 | €0.53 |
| 2023-07 | 03 Jul 2023 | Reconstructed | €3.792 | 131 | €496.77 | €0.99 | €2.77 |
| 2023-08 | 07 Aug 2023 | Reconstructed | €3.792 | 132 | €500.53 | €1.90 | €0.33 |
| 2023-09 | 04 Sep 2023 | Reconstructed | €3.871 | 129 | €499.31 | €0.99 | €0.03 |
| 2023-10 | 02 Oct 2023 | Reconstructed | €3.775 | 132 | €498.31 | €0.99 | €0.73 |
| 2023-11 | 06 Nov 2023 | Reconstructed | €3.763 | 132 | €496.71 | €0.99 | €3.03 |
| 2023-12 | 04 Dec 2023 | Reconstructed | €3.907 | 128 | €500.10 | €1.90 | €1.03 |
| 2024-01 | 02 Jan 2024 | Reconstructed | €4.034 | 123 | €496.19 | €0.99 | €3.85 |
| 2024-02 | 05 Feb 2024 | Reconstructed | €4.214 | 119 | €501.52 | €1.90 | €0.43 |
| 2024-03 | 04 Mar 2024 | Reconstructed | €4.350 | 114 | €495.91 | €0.99 | €3.53 |
| 2024-04 | 02 Apr 2024 | Reconstructed | €4.485 | 111 | €497.89 | €0.99 | €4.66 |
| 2024-05 | 06 May 2024 | Reconstructed | €4.404 | 114 | €502.07 | €1.90 | €0.69 |
| 2024-06 | 03 Jun 2024 | Reconstructed | €4.502 | 111 | €499.69 | €0.99 | €0.00 |
| 2024-07 | 01 Jul 2024 | Reconstructed | €4.635 | 107 | €495.89 | €0.99 | €3.12 |
| 2024-08 | 05 Aug 2024 | Reconstructed | €4.323 | 115 | €497.12 | €0.99 | €5.01 |
| 2024-09 | 02 Sep 2024 | Reconstructed | €4.676 | 107 | €500.33 | €1.90 | €2.78 |
| 2024-10 | 07 Oct 2024 | Reconstructed | €4.783 | 104 | €497.47 | €0.99 | €4.31 |
| 2024-11 | 04 Nov 2024 | Reconstructed | €4.778 | 105 | €501.72 | €1.90 | €0.69 |
| 2024-12 | 02 Dec 2024 | Reconstructed | €5.145 | 97 | €499.03 | €0.99 | €0.67 |
| 2025-01 | 06 Jan 2025 | Reconstructed | €5.150 | 97 | €499.50 | €0.99 | €0.18 |
| 2025-02 | 03 Feb 2025 | Reconstructed | €5.227 | 95 | €496.55 | €0.99 | €2.64 |
| 2025-03 | 03 Mar 2025 | Reconstructed | €5.221 | 95 | €496.00 | €0.99 | €5.65 |
| 2025-04 | 07 Apr 2025 | Actual DCAM | €4.120 | 122 | €502.64 | €1.90 | €1.11 |
| 2025-05 | 05 May 2025 | Actual DCAM | €4.645 | 107 | €497.01 | €0.99 | €3.10 |
| 2025-06 | 02 Jun 2025 | Actual DCAM | €4.810 | 104 | €500.24 | €1.90 | €0.96 |
| 2025-07 | 07 Jul 2025 | Actual DCAM | €4.900 | 102 | €499.80 | €0.99 | €0.17 |
| 2025-08 | 04 Aug 2025 | Actual DCAM | €4.968 | 100 | €496.80 | €0.99 | €2.38 |
| 2025-09 | 01 Sep 2025 | Actual DCAM | €5.091 | 98 | €498.92 | €0.99 | €2.48 |
| 2025-10 | 06 Oct 2025 | Actual DCAM | €5.314 | 94 | €499.52 | €0.99 | €1.97 |
| 2025-11 | 03 Nov 2025 | Actual DCAM | €5.468 | 91 | €497.59 | €0.99 | €3.39 |
| 2025-12 | 01 Dec 2025 | Actual DCAM | €5.389 | 93 | €501.18 | €1.90 | €0.32 |
| 2026-01 | 05 Jan 2026 | Actual DCAM | €5.466 | 91 | €497.41 | €0.99 | €1.92 |
| 2026-02 | 02 Feb 2026 | Actual DCAM | €5.436 | 91 | €494.68 | €0.99 | €6.25 |
| 2026-03 | 02 Mar 2026 | Actual DCAM | €5.500 | 91 | €500.50 | €1.90 | €3.85 |
| 2026-04 | 07 Apr 2026 | Actual DCAM | €5.525 | 90 | €497.25 | €0.99 | €5.61 |
| 2026-05 | 04 May 2026 | Actual DCAM | €5.728 | 87 | €498.34 | €0.99 | €6.29 |
| 2026-06 | 01 Jun 2026 | Actual DCAM | €6.015 | 83 | €499.24 | €0.99 | €6.05 |
| 2026-07 | 06 Jul 2026 | Actual DCAM | €6.116 | 82 | €501.51 | €1.90 | €2.64 |
| 2026-08 | 03 Aug 2026 | Actual DCAM | €6.086 | 82 | €499.05 | €0.99 | €2.60 |
Historical simulation only.
DCAM did not exist for the entire backtest period. Data before March 2025
is reconstructed from an MSCI World ETF proxy and adjusted for DCAM's
ongoing costs. Past performance does not guarantee future results.