FTWD.DE vs. FWEA.DE
FTWD.DE (Invesco FTSE All-World UCITS ETF USD Distribution) and FWEA.DE (Invesco FTSE All-World UCITS ETF EUR PfHdg Acc) are both Global Equities funds from Invesco tracking the FTSE All-World Index. Both are passively managed. Over the past 3 years, FTWD.DE returned 17.83%/yr vs 17.71%/yr for FWEA.DE. Their correlation of 0.85 suggests significant overlap in exposure. FTWD.DE charges 0.15%/yr vs 0.20%/yr for FWEA.DE.
Performance
FTWD.DE vs. FWEA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTWD.DE achieves a 14.08% return, which is significantly higher than FWEA.DE's 10.02% return.
FTWD.DE
- 1D
- 0.52%
- 1M
- 0.92%
- 6M
- 14.25%
- YTD
- 14.08%
- 1Y
- 26.51%
- 3Y*
- 17.83%
- 5Y*
- —
- 10Y*
- —
FWEA.DE
- 1D
- 0.00%
- 1M
- -0.80%
- 6M
- 10.26%
- YTD
- 10.02%
- 1Y
- 21.71%
- 3Y*
- 17.71%
- 5Y*
- —
- 10Y*
- —
FTWD.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FTWD.DE Invesco FTSE All-World UCITS ETF USD Distribution | 14.08% | 9.08% | 24.54% | -0.42% |
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc | 10.02% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between FTWD.DE and FWEA.DE is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.85 |
The correlation between FTWD.DE and FWEA.DE has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FTWD.DE vs. FWEA.DE — Risk / Return Rank
FTWD.DE
FWEA.DE
FTWD.DE vs. FWEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All-World UCITS ETF USD Distribution (FTWD.DE) and Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (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.
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.
| FTWD.DE | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.34 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 2.62 | +1.44 |
| Martin ratioReturn relative to average drawdown | 16.12 | 10.72 | +5.40 |
Loading charts...
Drawdowns
FTWD.DE vs. FWEA.DE - Drawdown Comparison
The maximum FTWD.DE drawdown since its inception was -21.01%, 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 FTWD.DE and FWEA.DE.
Loading charts...
Drawdown Indicators
| FTWD.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.01% | -17.48% | -3.53% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -8.28% | +1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -21.01% | -17.48% | -3.53% |
Current DrawdownCurrent decline from peak | -0.13% | -1.37% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -1.86% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 2.03% | -0.39% |
Volatility
FTWD.DE vs. FWEA.DE - Volatility Comparison
The current volatility for Invesco FTSE All-World UCITS ETF USD Distribution (FTWD.DE) is 3.62%, while Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.DE) has a volatility of 3.88%. This indicates that FTWD.DE experiences smaller price fluctuations and is considered to be less risky than FWEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FTWD.DE | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 3.88% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.60% | 9.49% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.89% | 11.88% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.70% | 12.75% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.70% | 12.75% | +0.95% |
FTWD.DE vs. FWEA.DE - Expense Ratio Comparison
FTWD.DE has a 0.15% 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
FTWD.DE vs. FWEA.DE - Dividend Comparison
FTWD.DE's dividend yield for the trailing twelve months is around 1.23%, while FWEA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FTWD.DE Invesco FTSE All-World UCITS ETF USD Distribution | 1.23% | 1.36% | 1.49% | 0.70% |
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTWD.DE and FWEA.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FTWD.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTWD.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for FWEA.DE.
Both ETFs track FTSE All-World Index. Their fees differ too: 0.15% for FTWD.DE and 0.20% for FWEA.DE.
Find the right allocation for FTWD.DE and FWEA.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer