CUKX.L vs. FWIA.DE
CUKX.L (iShares FTSE 100 UCITS ETF) and FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) are both exchange-traded funds - CUKX.L is a fund fund tracking the FTSE 100 Index, while FWIA.DE is a Global Equities fund tracking the FTSE All-World. Both are passively managed. Over the past year, CUKX.L returned 21.65% vs 29.33% for FWIA.DE. A 0.55 correlation means they provide meaningful diversification when combined. CUKX.L charges 0.07%/yr vs 0.15%/yr for FWIA.DE.
Performance
CUKX.L vs. FWIA.DE - Performance Comparison
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Different Trading Currencies
CUKX.L is traded in GBp, while FWIA.DE is traded in EUR. To make them comparable, the FWIA.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CUKX.L achieves a 7.04% return, which is significantly lower than FWIA.DE's 11.66% return.
CUKX.L
- 1D
- 1.55%
- 1M
- 1.52%
- YTD
- 7.04%
- 6M
- 10.02%
- 1Y
- 21.65%
- 3Y*
- 15.22%
- 5Y*
- 11.77%
- 10Y*
- 9.82%
FWIA.DE
- 1D
- -0.15%
- 1M
- 1.09%
- YTD
- 11.66%
- 6M
- 12.65%
- 1Y
- 29.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CUKX.L vs. FWIA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CUKX.L iShares FTSE 100 UCITS ETF | 7.04% | 25.78% | 9.30% | 5.07% |
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 11.66% | 14.69% | 19.26% | 8.66% |
Correlation
The correlation between CUKX.L and FWIA.DE is 0.52, 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 | 0.52 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023 | 0.55 |
The correlation between CUKX.L and FWIA.DE has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.
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Return for Risk
CUKX.L vs. FWIA.DE — Risk / Return Rank
CUKX.L
FWIA.DE
CUKX.L vs. FWIA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares FTSE 100 UCITS ETF (CUKX.L) and Invesco FTSE All-World UCITS ETF Acc (FWIA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CUKX.L | FWIA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.52 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 4.21 | -1.79 |
| Martin ratioReturn relative to average drawdown | 7.99 | 16.70 | -8.71 |
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Drawdowns
CUKX.L vs. FWIA.DE - Drawdown Comparison
The maximum CUKX.L drawdown since its inception was -34.50%, which is greater than FWIA.DE's maximum drawdown of -19.06%. Use the drawdown chart below to compare losses from any high point for CUKX.L and FWIA.DE.
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Drawdown Indicators
| CUKX.L | FWIA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.50% | -19.06% | -15.44% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -7.08% | -1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -12.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -12.88% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.50% | — | — |
Current DrawdownCurrent decline from peak | -3.09% | -0.46% | -2.63% |
Average DrawdownAverage peak-to-trough decline | -4.32% | -2.00% | -2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 1.79% | +0.91% |
Volatility
CUKX.L vs. FWIA.DE - Volatility Comparison
iShares FTSE 100 UCITS ETF (CUKX.L) has a higher volatility of 3.63% compared to Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) at 3.09%. This indicates that CUKX.L's price experiences larger fluctuations and is considered to be riskier than FWIA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CUKX.L | FWIA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 3.09% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 7.90% | +1.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.06% | 10.70% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.73% | 12.44% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.08% | 12.44% | +2.64% |
CUKX.L vs. FWIA.DE - Expense Ratio Comparison
CUKX.L has a 0.07% expense ratio, which is lower than FWIA.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CUKX.L vs. FWIA.DE - Dividend Comparison
Neither CUKX.L nor FWIA.DE has paid dividends to shareholders.
Frequently Asked Questions
CUKX.L and FWIA.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CUKX.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CUKX.L is cheaper with a 0.07% expense ratio, compared with 0.15% for FWIA.DE.
CUKX.L tracks FTSE 100 Index, while FWIA.DE tracks FTSE All-World. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for CUKX.L and 0.15% for FWIA.DE.
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