EXUS.DE vs. FWRA.L
EXUS.DE (Xtrackers MSCI World ex USA UCITS ETF 1C USD) and FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) are both Global Equities funds - EXUS.DE tracks the MSCI World ex USA index while FWRA.L tracks the FTSE All-World Index. Both are passively managed. Over the past year, EXUS.DE returned 20.32% vs 24.36% for FWRA.L. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
EXUS.DE vs. FWRA.L - Performance Comparison
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Different Trading Currencies
EXUS.DE is traded in EUR, while FWRA.L is traded in USD. To make them comparable, the FWRA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EXUS.DE achieves a 9.64% return, which is significantly lower than FWRA.L's 11.29% return.
EXUS.DE
- 1D
- 0.19%
- 1M
- 2.59%
- YTD
- 9.64%
- 6M
- 11.77%
- 1Y
- 20.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FWRA.L
- 1D
- -0.55%
- 1M
- 2.40%
- YTD
- 11.29%
- 6M
- 11.72%
- 1Y
- 24.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EXUS.DE vs. FWRA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD | 9.64% | 17.80% | 5.15% |
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation | 11.29% | 7.89% | 16.88% |
Correlation
The correlation between EXUS.DE and FWRA.L is 0.75, 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 | 0.75 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024 | 0.73 |
The correlation between EXUS.DE and FWRA.L has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.
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Return for Risk
EXUS.DE vs. FWRA.L — Risk / Return Rank
EXUS.DE
FWRA.L
EXUS.DE vs. FWRA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) and Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L). 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.
| EXUS.DE | FWRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 3.81 | -1.51 |
| Martin ratioReturn relative to average drawdown | 9.01 | 14.46 | -5.45 |
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
| EXUS.DE | FWRA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.96 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 1.33 | -0.23 |
Drawdowns
EXUS.DE vs. FWRA.L - Drawdown Comparison
The maximum EXUS.DE drawdown since its inception was -16.21%, smaller than the maximum FWRA.L drawdown of -19.97%. Use the drawdown chart below to compare losses from any high point for EXUS.DE and FWRA.L.
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Drawdown Indicators
| EXUS.DE | FWRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.21% | -19.97% | +3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.68% | -6.39% | -2.29% |
Current DrawdownCurrent decline from peak | -0.76% | -1.94% | +1.18% |
Average DrawdownAverage peak-to-trough decline | -1.78% | -2.51% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 1.68% | +0.55% |
Volatility
EXUS.DE vs. FWRA.L - Volatility Comparison
Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) and Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) have volatilities of 3.28% and 3.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXUS.DE | FWRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 3.44% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.06% | 9.38% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.37% | 12.46% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.39% | 13.78% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.39% | 13.78% | -0.39% |
EXUS.DE vs. FWRA.L - Expense Ratio Comparison
Both EXUS.DE and FWRA.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EXUS.DE vs. FWRA.L - Dividend Comparison
Neither EXUS.DE nor FWRA.L has paid dividends to shareholders.
Frequently Asked Questions
EXUS.DE and FWRA.L have a correlation of 0.75, 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 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EXUS.DE and FWRA.L have the same expense ratio: 0.15% per year.
EXUS.DE tracks MSCI World ex USA index, while FWRA.L tracks FTSE All-World Index. They also come from different issuers: Xtrackers and Invesco.
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