FAGB.L vs. FWRG.L
FAGB.L (Invesco US High Yield Fallen Angels UCITS ETF (GBP Hdg)) and FWRG.L (Invesco FTSE All-World UCITS ETF Acc) are both Global Equities funds from Invesco - FAGB.L tracks the Invesco US High Yield Fallen Angels UCITS ETF (GBP Hdg) while FWRG.L tracks the FTSE All-World Index. Both are passively managed. Over the past 3 years, FAGB.L returned 6.70%/yr vs 16.67%/yr for FWRG.L. At a 0.22 correlation, their price movements are largely independent.
Performance
FAGB.L vs. FWRG.L - Performance Comparison
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Different Trading Currencies
FAGB.L is traded in GBp, while FWRG.L is traded in USD. To make them comparable, the FWRG.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FAGB.L achieves a 1.09% return, which is significantly lower than FWRG.L's 10.42% return.
FAGB.L
- 1D
- -0.15%
- 1M
- -0.37%
- 6M
- 0.51%
- YTD
- 1.09%
- 1Y
- 5.68%
- 3Y*
- 6.70%
- 5Y*
- 1.50%
- 10Y*
- —
FWRG.L
- 1D
- -1.66%
- 1M
- -2.00%
- 6M
- 8.48%
- YTD
- 10.42%
- 1Y
- 21.50%
- 3Y*
- 16.67%
- 5Y*
- —
- 10Y*
- —
FAGB.L vs. FWRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FAGB.L Invesco US High Yield Fallen Angels UCITS ETF (GBP Hdg) | 1.09% | 9.31% | 4.50% | 7.69% |
FWRG.L Invesco FTSE All-World UCITS ETF Acc | 10.42% | 5.73% | 22.20% | 8,517.88% |
Correlation
The correlation between FAGB.L and FWRG.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.22 |
The correlation between FAGB.L and FWRG.L shifts across timeframes, from 0.22 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FAGB.L vs. FWRG.L — Risk / Return Rank
FAGB.L
FWRG.L
FAGB.L vs. FWRG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US High Yield Fallen Angels UCITS ETF (GBP Hdg) (FAGB.L) and Invesco FTSE All-World UCITS ETF Acc (FWRG.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.
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.
| FAGB.L | FWRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.29 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 3.20 | -2.02 |
| Martin ratioReturn relative to average drawdown | 4.35 | 8.13 | -3.79 |
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Drawdowns
FAGB.L vs. FWRG.L - Drawdown Comparison
The maximum FAGB.L drawdown since its inception was -30.30%, which is greater than FWRG.L's maximum drawdown of -22.64%. Use the drawdown chart below to compare losses from any high point for FAGB.L and FWRG.L.
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Drawdown Indicators
| FAGB.L | FWRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.30% | -22.64% | -7.66% |
Max Drawdown (1Y)Largest decline over 1 year | -4.75% | -6.70% | +1.95% |
Max Drawdown (3Y)Largest decline over 3 years | -5.31% | -22.64% | +17.33% |
Max Drawdown (5Y)Largest decline over 5 years | -18.92% | — | — |
Current DrawdownCurrent decline from peak | -0.62% | -4.41% | +3.79% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -4.17% | -1.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 2.64% | -1.35% |
Volatility
FAGB.L vs. FWRG.L - Volatility Comparison
The current volatility for Invesco US High Yield Fallen Angels UCITS ETF (GBP Hdg) (FAGB.L) is 1.19%, while Invesco FTSE All-World UCITS ETF Acc (FWRG.L) has a volatility of 4.06%. This indicates that FAGB.L experiences smaller price fluctuations and is considered to be less risky than FWRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAGB.L | FWRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 4.06% | -2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 3.84% | 9.90% | -6.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 13.22% | -8.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.13% | 4,420.26% | -4,413.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.53% | 4,420.26% | -4,411.73% |
Dividends
FAGB.L vs. FWRG.L - Dividend Comparison
Neither FAGB.L nor FWRG.L has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FAGB.L Invesco US High Yield Fallen Angels UCITS ETF (GBP Hdg) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.05% |
FWRG.L Invesco FTSE All-World UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FAGB.L and FWRG.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FAGB.L tracks Invesco US High Yield Fallen Angels UCITS ETF (GBP Hdg), while FWRG.L tracks FTSE All-World Index.
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