ECMA.DE vs. FWEA.DE
ECMA.DE (Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - ECMA.DE is a European Corporate Bonds fund tracking the Invesco EUR Corporate Bond ESG Multi-Factor, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, ECMA.DE returned 2.04% vs 25.98% for FWEA.DE. At a 0.33 correlation, their price movements are largely independent. ECMA.DE charges 0.19%/yr vs 0.20%/yr for FWEA.DE.
Performance
ECMA.DE vs. FWEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ECMA.DE achieves a 0.50% return, which is significantly lower than FWEA.DE's 10.64% return.
ECMA.DE
- 1D
- 0.10%
- 1M
- 0.29%
- YTD
- 0.50%
- 6M
- 0.46%
- 1Y
- 2.04%
- 3Y*
- 4.49%
- 5Y*
- —
- 10Y*
- —
FWEA.DE
- 1D
- -0.24%
- 1M
- 2.84%
- YTD
- 10.64%
- 6M
- 11.58%
- 1Y
- 25.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ECMA.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ECMA.DE Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc | 0.50% | 2.90% | 4.30% | 5.64% |
FWEA.DE Invesco FTSE All-World UCITS ETF | 10.64% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between ECMA.DE and FWEA.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 27, 2023 | 0.33 |
The correlation between ECMA.DE and FWEA.DE shifts across timeframes, from 0.33 (all time) to 0.52 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ECMA.DE vs. FWEA.DE — Risk / Return Rank
ECMA.DE
FWEA.DE
ECMA.DE vs. FWEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.DE) and Invesco FTSE All-World UCITS ETF (FWEA.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.
| ECMA.DE | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.43 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 3.18 | -2.56 |
| Martin ratioReturn relative to average drawdown | 2.07 | 13.52 | -11.45 |
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
| ECMA.DE | FWEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 2.30 | -1.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 1.51 | -0.70 |
Drawdowns
ECMA.DE vs. FWEA.DE - Drawdown Comparison
The maximum ECMA.DE drawdown since its inception was -8.91%, smaller than the maximum FWEA.DE drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for ECMA.DE and FWEA.DE.
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Drawdown Indicators
| ECMA.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.91% | -17.48% | +8.57% |
Max Drawdown (1Y)Largest decline over 1 year | -2.68% | -8.28% | +5.60% |
Max Drawdown (3Y)Largest decline over 3 years | -2.68% | — | — |
Current DrawdownCurrent decline from peak | -0.76% | -0.81% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -1.86% | -0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.80% | 1.95% | -1.15% |
Volatility
ECMA.DE vs. FWEA.DE - Volatility Comparison
The current volatility for Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF Acc (ECMA.DE) is 1.28%, while Invesco FTSE All-World UCITS ETF (FWEA.DE) has a volatility of 3.36%. This indicates that ECMA.DE experiences smaller price fluctuations and is considered to be less risky than FWEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECMA.DE | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 3.36% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 8.93% | -6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.13% | 11.45% | -8.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.16% | 12.72% | -8.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.16% | 12.72% | -8.56% |
ECMA.DE vs. FWEA.DE - Expense Ratio Comparison
ECMA.DE has a 0.19% expense ratio, which is lower than FWEA.DE's 0.20% 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
ECMA.DE vs. FWEA.DE - Dividend Comparison
Neither ECMA.DE nor FWEA.DE has paid dividends to shareholders.
Frequently Asked Questions
ECMA.DE and FWEA.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, ECMA.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ECMA.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for FWEA.DE.
ECMA.DE is categorized as European Corporate Bonds, while FWEA.DE is Global Equities. ECMA.DE tracks Invesco EUR Corporate Bond ESG Multi-Factor, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.19% for ECMA.DE and 0.20% for FWEA.DE.
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