FEXU.L vs. FSWD.L
FEXU.L (First Trust US Large Cap Core AlphaDEX UCITS ETF) and FSWD.L (iShares STOXX World Equity Multifactor UCITS ETF USD (Acc)) are both exchange-traded funds - FEXU.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while FSWD.L is a Global Equities fund tracking the STOXX Developed World Equity Factor Screened Net Index. Both are passively managed. Over the past 10 years, FEXU.L returned 12.35%/yr vs 11.78%/yr for FSWD.L. Their correlation of 0.84 suggests significant overlap in exposure. FEXU.L charges 0.75%/yr vs 0.30%/yr for FSWD.L.
Performance
FEXU.L vs. FSWD.L - Performance Comparison
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Different Trading Currencies
FEXU.L is traded in USD, while FSWD.L is traded in GBp. To make them comparable, the FSWD.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FEXU.L achieves a 13.76% return, which is significantly higher than FSWD.L's 12.04% return. Both investments have delivered pretty close results over the past 10 years, with FEXU.L having a 12.35% annualized return and FSWD.L not far behind at 11.78%.
FEXU.L
- 1D
- -0.33%
- 1M
- -2.33%
- 6M
- 10.08%
- YTD
- 13.76%
- 1Y
- 23.12%
- 3Y*
- 17.16%
- 5Y*
- 10.82%
- 10Y*
- 12.35%
FSWD.L
- 1D
- -1.03%
- 1M
- 0.58%
- 6M
- 11.33%
- YTD
- 12.04%
- 1Y
- 24.72%
- 3Y*
- 19.69%
- 5Y*
- 11.17%
- 10Y*
- 11.78%
FEXU.L vs. FSWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEXU.L First Trust US Large Cap Core AlphaDEX UCITS ETF | 13.76% | 15.23% | 16.68% | 14.66% | -12.27% | 26.82% | 13.52% | 26.07% | -11.03% | 21.55% |
FSWD.L iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) | 12.04% | 26.00% | 16.89% | 14.80% | -15.51% | 21.00% | 10.16% | 22.35% | -12.59% | 26.17% |
Correlation
The correlation between FEXU.L and FSWD.L is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2015 | 0.84 |
The correlation between FEXU.L and FSWD.L shifts across timeframes, from 0.69 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FEXU.L vs. FSWD.L — Risk / Return Rank
FEXU.L
FSWD.L
FEXU.L vs. FSWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L) and iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) (FSWD.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.
| FEXU.L | FSWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.35 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 3.09 | +1.05 |
| Martin ratioReturn relative to average drawdown | 13.36 | 12.73 | +0.63 |
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Drawdowns
FEXU.L vs. FSWD.L - Drawdown Comparison
The maximum FEXU.L drawdown since its inception was -39.38%, roughly equal to the maximum FSWD.L drawdown of -41.16%. Use the drawdown chart below to compare losses from any high point for FEXU.L and FSWD.L.
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Drawdown Indicators
| FEXU.L | FSWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.38% | -41.16% | +1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -7.98% | +2.42% |
Max Drawdown (3Y)Largest decline over 3 years | -20.15% | -18.85% | -1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -20.80% | -25.01% | +4.21% |
Max Drawdown (10Y)Largest decline over 10 years | -39.38% | -34.31% | -5.07% |
Current DrawdownCurrent decline from peak | -2.92% | -1.28% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -4.37% | -12.27% | +7.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 1.94% | -0.21% |
Volatility
FEXU.L vs. FSWD.L - Volatility Comparison
First Trust US Large Cap Core AlphaDEX UCITS ETF (FEXU.L) has a higher volatility of 3.93% compared to iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) (FSWD.L) at 3.11%. This indicates that FEXU.L's price experiences larger fluctuations and is considered to be riskier than FSWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FEXU.L | FSWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 3.11% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 9.67% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.50% | 12.17% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.34% | 20.20% | -3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.31% | 18.37% | -1.06% |
FEXU.L vs. FSWD.L - Expense Ratio Comparison
FEXU.L has a 0.75% expense ratio, which is higher than FSWD.L's 0.30% expense ratio.
Dividends
FEXU.L vs. FSWD.L - Dividend Comparison
Neither FEXU.L nor FSWD.L has paid dividends to shareholders.
Frequently Asked Questions
FEXU.L and FSWD.L have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FSWD.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FSWD.L is cheaper with a 0.30% expense ratio, compared with 0.75% for FEXU.L.
FEXU.L is categorized as Large Cap Blend Equities, while FSWD.L is Global Equities. FEXU.L tracks Russell 1000 TR USD, while FSWD.L tracks STOXX Developed World Equity Factor Screened Net Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.75% for FEXU.L and 0.30% for FSWD.L.
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