AVGC.L vs. FWRG.L
AVGC.L (Avantis Global Equity UCITS ETF USD Accumulating) and FWRG.L (Invesco FTSE All-World UCITS ETF Acc) are both Global Equities funds - AVGC.L tracks the MSCI World IMI Index while FWRG.L tracks the FTSE All-World Index. Both are passively managed. Over the past year, AVGC.L returned 31.19% vs 30.35% for FWRG.L. A 0.75 correlation means they provide meaningful diversification when combined. AVGC.L charges 0.35%/yr vs 0.15%/yr for FWRG.L.
Performance
AVGC.L vs. FWRG.L - Performance Comparison
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Returns By Period
In the year-to-date period, AVGC.L achieves a 13.16% return, which is significantly higher than FWRG.L's 11.97% return.
AVGC.L
- 1D
- -0.32%
- 1M
- 3.65%
- YTD
- 13.16%
- 6M
- 15.19%
- 1Y
- 31.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FWRG.L
- 1D
- -0.38%
- 1M
- 5.96%
- YTD
- 11.97%
- 6M
- 12.52%
- 1Y
- 30.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVGC.L vs. FWRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVGC.L Avantis Global Equity UCITS ETF USD Accumulating | 13.16% | 25.16% |
FWRG.L Invesco FTSE All-World UCITS ETF Acc | 11.97% | 24.26% |
Correlation
The correlation between AVGC.L and FWRG.L is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2025 | 0.75 |
The correlation between AVGC.L and FWRG.L has been stable across timeframes, ranging from 0.75 to 0.75 - a consistent structural relationship.
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Return for Risk
AVGC.L vs. FWRG.L — Risk / Return Rank
AVGC.L
FWRG.L
AVGC.L vs. FWRG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Global Equity UCITS ETF USD Accumulating (AVGC.L) and Invesco FTSE All-World UCITS ETF Acc (FWRG.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AVGC.L | FWRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.56 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 4.23 | -0.33 |
| Martin ratioReturn relative to average drawdown | 15.98 | 17.11 | -1.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AVGC.L | FWRG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 2.93 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.09 | 1.51 | +1.58 |
Drawdowns
AVGC.L vs. FWRG.L - Drawdown Comparison
The maximum AVGC.L drawdown since its inception was -7.96%, smaller than the maximum FWRG.L drawdown of -18.88%. Use the drawdown chart below to compare losses from any high point for AVGC.L and FWRG.L.
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Drawdown Indicators
| AVGC.L | FWRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.96% | -18.88% | +10.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.96% | -7.14% | -0.82% |
Current DrawdownCurrent decline from peak | -0.32% | -0.38% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -1.00% | -2.28% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 1.77% | +0.18% |
Volatility
AVGC.L vs. FWRG.L - Volatility Comparison
Avantis Global Equity UCITS ETF USD Accumulating (AVGC.L) has a higher volatility of 3.71% compared to Invesco FTSE All-World UCITS ETF Acc (FWRG.L) at 2.96%. This indicates that AVGC.L's price experiences larger fluctuations and is considered to be riskier than FWRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVGC.L | FWRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.71% | 2.96% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 9.23% | 7.69% | +1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.96% | 10.33% | +1.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.09% | 12.41% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.09% | 12.41% | -0.32% |
AVGC.L vs. FWRG.L - Expense Ratio Comparison
AVGC.L has a 0.35% expense ratio, which is higher than FWRG.L's 0.15% expense ratio.
Dividends
AVGC.L vs. FWRG.L - Dividend Comparison
Neither AVGC.L nor FWRG.L has paid dividends to shareholders.
Frequently Asked Questions
AVGC.L and FWRG.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWRG.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWRG.L is cheaper with a 0.15% expense ratio, compared with 0.35% for AVGC.L.
AVGC.L tracks MSCI World IMI Index, while FWRG.L tracks FTSE All-World Index. They also come from different issuers: Avantis and Invesco. Their fees differ too: 0.35% for AVGC.L and 0.15% for FWRG.L.
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