ESGM.DE vs. FWEA.DE

Last updated Jun 5, 2026

ESGM.DE (Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - ESGM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ESG Universal Select Business Screens, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, ESGM.DE returned 49.72% vs 25.98% for FWEA.DE. A 0.68 correlation means they provide meaningful diversification when combined. ESGM.DE charges 0.19%/yr vs 0.20%/yr for FWEA.DE.

Performance

ESGM.DE vs. FWEA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc (ESGM.DE) and Invesco FTSE All-World UCITS ETF (FWEA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ESGM.DE achieves a 29.14% return, which is significantly higher than FWEA.DE's 10.64% return.

ESGM.DE

• 1D: -1.89%
• 1M: 5.25%
• YTD: 29.14%
• 6M: 30.08%
• 1Y: 49.72%
• 3Y*: 20.28%
• 5Y*: —
• 10Y*: —

FWEA.DE

• 1D: -0.24%
• 1M: 2.84%
• YTD: 10.64%
• 6M: 11.58%
• 1Y: 25.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ESGM.DE vs. FWEA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ESGM.DE Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc	29.14%	18.22%	12.10%	3.32%
FWEA.DE Invesco FTSE All-World UCITS ETF	10.64%	17.53%	19.21%	8.62%

Correlation

The correlation between ESGM.DE and FWEA.DE is 0.72, 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	0.72
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023	0.68

The correlation between ESGM.DE and FWEA.DE has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.

Return for Risk

ESGM.DE vs. FWEA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ESGM.DE

ESGM.DE Risk / Return Rank: 85
ESGM.DE Sharpe Ratio Rank: 85
ESGM.DE Sortino Ratio Rank: 82
ESGM.DE Omega Ratio Rank: 85
ESGM.DE Calmar Ratio Rank: 86
ESGM.DE Martin Ratio Rank: 85

FWEA.DE

FWEA.DE Risk / Return Rank: 72
FWEA.DE Sharpe Ratio Rank: 71
FWEA.DE Sortino Ratio Rank: 76
FWEA.DE Omega Ratio Rank: 73
FWEA.DE Calmar Ratio Rank: 65
FWEA.DE Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ESGM.DE vs. FWEA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc (ESGM.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.

	ESGM.DE	FWEA.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.75	2.30	+0.46
Sortino ratio: Return per unit of downside risk	3.59	3.38	+0.21
Omega ratio: Gain probability vs. loss probability	1.51	1.43	+0.08
Calmar ratio: Return relative to maximum drawdown	4.69	3.18	+1.51
Martin ratio: Return relative to average drawdown	17.49	13.52	+3.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESGM.DE vs. FWEA.DE - Sharpe Ratio Comparison

The current ESGM.DE Sharpe Ratio is 2.75, which is comparable to the FWEA.DE Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of ESGM.DE and FWEA.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ESGM.DE	FWEA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.75	2.30	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	1.51	-1.03

Drawdowns

ESGM.DE vs. FWEA.DE - Drawdown Comparison

The maximum ESGM.DE drawdown since its inception was -23.67%, 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 ESGM.DE and FWEA.DE.

Drawdown Indicators

	ESGM.DE	FWEA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.67%	-17.48%	-6.19%
Max Drawdown (1Y) Largest decline over 1 year	-10.81%	-8.28%	-2.53%
Max Drawdown (3Y) Largest decline over 3 years	-19.03%	—	—
Current Drawdown Current decline from peak	-2.36%	-0.81%	-1.55%
Average Drawdown Average peak-to-trough decline	-9.34%	-1.86%	-7.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	1.95%	+0.95%

Volatility

ESGM.DE vs. FWEA.DE - Volatility Comparison

Invesco MSCI Emerging Markets ESG Universal Screened UCITS ETF Acc (ESGM.DE) has a higher volatility of 7.41% compared to Invesco FTSE All-World UCITS ETF (FWEA.DE) at 3.36%. This indicates that ESGM.DE's price experiences larger fluctuations and is considered to be riskier than FWEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESGM.DE	FWEA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.41%	3.36%	+4.05%
Volatility (6M) Calculated over the trailing 6-month period	15.79%	8.93%	+6.86%
Volatility (1Y) Calculated over the trailing 1-year period	18.41%	11.45%	+6.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.02%	12.72%	+4.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.02%	12.72%	+4.30%

ESGM.DE vs. FWEA.DE - Expense Ratio Comparison

ESGM.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

ESGM.DE vs. FWEA.DE - Dividend Comparison

Neither ESGM.DE nor FWEA.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ESGM.DE and FWEA.DE in my portfolio?

ESGM.DE and FWEA.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESGM.DE or FWEA.DE?

On fees, ESGM.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESGM.DE or FWEA.DE?

ESGM.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for FWEA.DE.

What is the main difference between ESGM.DE and FWEA.DE?

ESGM.DE is categorized as Emerging Markets Equities, while FWEA.DE is Global Equities. ESGM.DE tracks MSCI Emerging Markets ESG Universal Select Business Screens, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.19% for ESGM.DE and 0.20% for FWEA.DE.