FCSG.L vs. MWEP.L
FCSG.L (First Trust Global Capital Strength ESG Leaders UCITS ETF Class A Accumulation) and MWEP.L (Invesco MSCI World Equal Weight UCITS ETF Acc) are both Global Equities funds - FCSG.L tracks the MSCI ACWI NR USD while MWEP.L tracks the MSCI World Equal Weighted Index. Both are passively managed. Over the past year, FCSG.L returned -0.11% vs 19.99% for MWEP.L. A 0.62 correlation means they provide meaningful diversification when combined. FCSG.L charges 0.75%/yr vs 0.20%/yr for MWEP.L.
Performance
FCSG.L vs. MWEP.L - Performance Comparison
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Returns By Period
In the year-to-date period, FCSG.L achieves a -1.69% return, which is significantly lower than MWEP.L's 8.08% return.
FCSG.L
- 1D
- 0.72%
- 1M
- 1.84%
- YTD
- -1.69%
- 6M
- -1.06%
- 1Y
- -0.11%
- 3Y*
- 6.29%
- 5Y*
- 5.92%
- 10Y*
- —
MWEP.L
- 1D
- 0.39%
- 1M
- 3.71%
- YTD
- 8.08%
- 6M
- 8.82%
- 1Y
- 19.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FCSG.L vs. MWEP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FCSG.L First Trust Global Capital Strength ESG Leaders UCITS ETF Class A Accumulation | -1.69% | 3.93% | 2.95% |
MWEP.L Invesco MSCI World Equal Weight UCITS ETF Acc | 8.08% | 13.60% | 4.59% |
Correlation
The correlation between FCSG.L and MWEP.L is 0.56, 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 | 0.56 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024 | 0.62 |
The correlation between FCSG.L and MWEP.L has been stable across timeframes, ranging from 0.56 to 0.62 - a consistent structural relationship.
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Return for Risk
FCSG.L vs. MWEP.L — Risk / Return Rank
FCSG.L
MWEP.L
FCSG.L vs. MWEP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Capital Strength ESG Leaders UCITS ETF Class A Accumulation (FCSG.L) and Invesco MSCI World Equal Weight UCITS ETF Acc (MWEP.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.
| FCSG.L | MWEP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.35 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 2.58 | -2.60 |
| Martin ratioReturn relative to average drawdown | -0.04 | 10.16 | -10.20 |
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
| FCSG.L | MWEP.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 1.93 | -1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 1.28 | -0.60 |
Drawdowns
FCSG.L vs. MWEP.L - Drawdown Comparison
The maximum FCSG.L drawdown since its inception was -11.39%, smaller than the maximum MWEP.L drawdown of -14.02%. Use the drawdown chart below to compare losses from any high point for FCSG.L and MWEP.L.
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Drawdown Indicators
| FCSG.L | MWEP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.39% | -14.02% | +2.63% |
Max Drawdown (1Y)Largest decline over 1 year | -7.80% | -7.71% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -9.70% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.39% | — | — |
Current DrawdownCurrent decline from peak | -4.95% | -0.27% | -4.68% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -1.89% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 1.96% | +1.16% |
Volatility
FCSG.L vs. MWEP.L - Volatility Comparison
First Trust Global Capital Strength ESG Leaders UCITS ETF Class A Accumulation (FCSG.L) has a higher volatility of 2.83% compared to Invesco MSCI World Equal Weight UCITS ETF Acc (MWEP.L) at 2.63%. This indicates that FCSG.L's price experiences larger fluctuations and is considered to be riskier than MWEP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCSG.L | MWEP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 2.63% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 8.36% | -1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.82% | 10.30% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.70% | 12.14% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.67% | 12.14% | -1.47% |
FCSG.L vs. MWEP.L - Expense Ratio Comparison
FCSG.L has a 0.75% expense ratio, which is higher than MWEP.L's 0.20% expense ratio.
Dividends
FCSG.L vs. MWEP.L - Dividend Comparison
Neither FCSG.L nor MWEP.L has paid dividends to shareholders.
Frequently Asked Questions
FCSG.L and MWEP.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MWEP.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWEP.L is cheaper with a 0.20% expense ratio, compared with 0.75% for FCSG.L.
FCSG.L tracks MSCI ACWI NR USD, while MWEP.L tracks MSCI World Equal Weighted Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.75% for FCSG.L and 0.20% for MWEP.L.
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