BBCK.DE vs. PSWD.DE
BBCK.DE (Invesco Global Buyback Achievers UCITS ETF) and PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) are both Global Equities funds from Invesco - BBCK.DE tracks the Nasdaq Global Buyback Achievers while PSWD.DE tracks the FTSE RAFI All-World 3000. Both are passively managed. Over the past 10 years, BBCK.DE returned 11.96%/yr vs 11.86%/yr for PSWD.DE. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.39% expense ratio.
Performance
BBCK.DE vs. PSWD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BBCK.DE achieves a 7.16% return, which is significantly lower than PSWD.DE's 16.46% return. Both investments have delivered pretty close results over the past 10 years, with BBCK.DE having a 11.96% annualized return and PSWD.DE not far behind at 11.86%.
BBCK.DE
- 1D
- 0.98%
- 1M
- 1.42%
- YTD
- 7.16%
- 6M
- 8.41%
- 1Y
- 21.98%
- 3Y*
- 18.50%
- 5Y*
- 10.80%
- 10Y*
- 11.96%
PSWD.DE
- 1D
- -0.19%
- 1M
- 4.72%
- YTD
- 16.46%
- 6M
- 17.75%
- 1Y
- 32.88%
- 3Y*
- 18.93%
- 5Y*
- 13.34%
- 10Y*
- 11.86%
BBCK.DE vs. PSWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBCK.DE Invesco Global Buyback Achievers UCITS ETF | 7.16% | 16.70% | 19.10% | 11.74% | -6.44% | 30.65% | 1.65% | 35.47% | -11.63% | 5.86% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 16.46% | 14.64% | 17.68% | 12.73% | -3.63% | 31.90% | -3.90% | 26.32% | -9.60% | 5.60% |
Correlation
The correlation between BBCK.DE and PSWD.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2014 | 0.63 |
The correlation between BBCK.DE and PSWD.DE shifts across timeframes, from 0.63 (all time) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BBCK.DE vs. PSWD.DE — Risk / Return Rank
BBCK.DE
PSWD.DE
BBCK.DE vs. PSWD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Buyback Achievers UCITS ETF (BBCK.DE) and Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE). 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.
| BBCK.DE | PSWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.58 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.97 | 5.56 | -0.59 |
| Martin ratioReturn relative to average drawdown | 14.50 | 22.39 | -7.89 |
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
| BBCK.DE | PSWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 3.10 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 1.00 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 0.80 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.68 | +0.18 |
Drawdowns
BBCK.DE vs. PSWD.DE - Drawdown Comparison
The maximum BBCK.DE drawdown since its inception was -33.23%, smaller than the maximum PSWD.DE drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for BBCK.DE and PSWD.DE.
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Drawdown Indicators
| BBCK.DE | PSWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.23% | -36.39% | +3.16% |
Max Drawdown (1Y)Largest decline over 1 year | -4.40% | -5.89% | +1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | -18.19% | -3.35% |
Max Drawdown (5Y)Largest decline over 5 years | -21.54% | -18.19% | -3.35% |
Max Drawdown (10Y)Largest decline over 10 years | -33.23% | -36.39% | +3.16% |
Current DrawdownCurrent decline from peak | 0.00% | -0.31% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -4.65% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.46% | +0.05% |
Volatility
BBCK.DE vs. PSWD.DE - Volatility Comparison
The current volatility for Invesco Global Buyback Achievers UCITS ETF (BBCK.DE) is 2.79%, while Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) has a volatility of 3.08%. This indicates that BBCK.DE experiences smaller price fluctuations and is considered to be less risky than PSWD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBCK.DE | PSWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 3.08% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.81% | 7.86% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 10.54% | +1.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.39% | 13.16% | +2.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.85% | 15.19% | +3.66% |
BBCK.DE vs. PSWD.DE - Expense Ratio Comparison
Both BBCK.DE and PSWD.DE have an expense ratio of 0.39%.
Dividends
BBCK.DE vs. PSWD.DE - Dividend Comparison
BBCK.DE's dividend yield for the trailing twelve months is around 1.69%, less than PSWD.DE's 1.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBCK.DE Invesco Global Buyback Achievers UCITS ETF | 1.69% | 1.88% | 1.79% | 1.75% | 1.97% | 1.18% | 1.61% | 1.84% | 1.35% | 1.18% | 1.63% | 1.28% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 1.75% | 2.03% | 2.27% | 2.48% | 2.66% | 1.92% | 1.98% | 2.37% | 2.56% | 2.06% | 1.97% | 2.02% |
Frequently Asked Questions
BBCK.DE and PSWD.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.39% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BBCK.DE and PSWD.DE have the same expense ratio: 0.39% per year.
BBCK.DE tracks Nasdaq Global Buyback Achievers, while PSWD.DE tracks FTSE RAFI All-World 3000.
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