EHBA.DE vs. FWEA.DE
EHBA.DE (Invesco Euro Corporate Hybrid Bond UCITS ETF Acc) and FWEA.DE (Invesco FTSE All-World UCITS ETF EUR PfHdg Acc) are both exchange-traded funds - EHBA.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 3 years, EHBA.DE returned 8.32%/yr vs 17.71%/yr for FWEA.DE. At a 0.47 correlation, their price movements are largely independent. EHBA.DE charges 0.39%/yr vs 0.20%/yr for FWEA.DE.
Performance
EHBA.DE vs. FWEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EHBA.DE achieves a 1.67% return, which is significantly lower than FWEA.DE's 10.02% return.
EHBA.DE
- 1D
- 0.09%
- 1M
- 0.76%
- 6M
- 1.90%
- YTD
- 1.67%
- 1Y
- 3.82%
- 3Y*
- 8.32%
- 5Y*
- 1.96%
- 10Y*
- —
FWEA.DE
- 1D
- 0.00%
- 1M
- -0.80%
- 6M
- 10.26%
- YTD
- 10.02%
- 1Y
- 21.71%
- 3Y*
- 17.71%
- 5Y*
- —
- 10Y*
- —
EHBA.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EHBA.DE Invesco Euro Corporate Hybrid Bond UCITS ETF Acc | 1.67% | 5.24% | 10.78% | 7.18% |
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc | 10.02% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between EHBA.DE and FWEA.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.47 |
The correlation between EHBA.DE and FWEA.DE has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.
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Return for Risk
EHBA.DE vs. FWEA.DE — Risk / Return Rank
EHBA.DE
FWEA.DE
EHBA.DE vs. FWEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) and Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (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.
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.
| EHBA.DE | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.34 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 2.62 | -1.60 |
| Martin ratioReturn relative to average drawdown | 3.64 | 10.72 | -7.08 |
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Drawdowns
EHBA.DE vs. FWEA.DE - Drawdown Comparison
The maximum EHBA.DE drawdown since its inception was -20.61%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for EHBA.DE and FWEA.DE.
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Drawdown Indicators
| EHBA.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.61% | -17.48% | -3.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.72% | -8.28% | +4.56% |
Max Drawdown (3Y)Largest decline over 3 years | -3.72% | -17.48% | +13.76% |
Max Drawdown (5Y)Largest decline over 5 years | -20.61% | — | — |
Current DrawdownCurrent decline from peak | -0.28% | -1.37% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -5.52% | -1.86% | -3.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 2.03% | -0.98% |
Volatility
EHBA.DE vs. FWEA.DE - Volatility Comparison
The current volatility for Invesco Euro Corporate Hybrid Bond UCITS ETF Acc (EHBA.DE) is 1.12%, while Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.DE) has a volatility of 3.88%. This indicates that EHBA.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
| EHBA.DE | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 3.88% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 3.66% | 9.49% | -5.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 11.88% | -7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.03% | 12.75% | -7.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 12.75% | -7.92% |
EHBA.DE vs. FWEA.DE - Expense Ratio Comparison
EHBA.DE has a 0.39% expense ratio, which is higher than FWEA.DE's 0.20% expense ratio.
Dividends
EHBA.DE vs. FWEA.DE - Dividend Comparison
Neither EHBA.DE nor FWEA.DE has paid dividends to shareholders.
Frequently Asked Questions
EHBA.DE and FWEA.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWEA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWEA.DE is cheaper with a 0.20% expense ratio, compared with 0.39% for EHBA.DE.
EHBA.DE is categorized as European Corporate Bonds, while FWEA.DE is Global Equities. EHBA.DE tracks Bloomberg Euro Universal Corporate ex Financials Hybrid Capital Securities 8% Capped Bond Index, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.39% for EHBA.DE and 0.20% for FWEA.DE.
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