FTWD.DE vs. IQSA.DE
FTWD.DE (Invesco FTSE All-World UCITS ETF USD Distribution) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both Global Equities funds from Invesco. FTWD.DE is passively managed, while IQSA.DE is actively managed. Over the past 3 years, FTWD.DE returned 17.83%/yr vs 21.64%/yr for IQSA.DE. Their correlation of 0.91 suggests significant overlap in exposure. FTWD.DE charges 0.15%/yr vs 0.30%/yr for IQSA.DE.
Performance
FTWD.DE vs. IQSA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FTWD.DE achieves a 14.08% return, which is significantly lower than IQSA.DE's 18.17% return.
FTWD.DE
- 1D
- 0.52%
- 1M
- 0.92%
- 6M
- 14.25%
- YTD
- 14.08%
- 1Y
- 26.51%
- 3Y*
- 17.83%
- 5Y*
- —
- 10Y*
- —
IQSA.DE
- 1D
- 0.41%
- 1M
- 2.82%
- 6M
- 18.46%
- YTD
- 18.17%
- 1Y
- 32.16%
- 3Y*
- 21.64%
- 5Y*
- 15.34%
- 10Y*
- —
FTWD.DE vs. IQSA.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% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 18.17% | 9.64% | 29.92% | 10.39% |
Correlation
The correlation between FTWD.DE and IQSA.DE is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.91 |
The correlation between FTWD.DE and IQSA.DE has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
FTWD.DE vs. IQSA.DE — Risk / Return Rank
FTWD.DE
IQSA.DE
FTWD.DE vs. IQSA.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 Global Active ESG Equity UCITS ETF USD Acc (IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.47 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 5.16 | -1.10 |
| Martin ratioReturn relative to average drawdown | 16.12 | 21.31 | -5.19 |
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Drawdowns
FTWD.DE vs. IQSA.DE - Drawdown Comparison
The maximum FTWD.DE drawdown since its inception was -21.01%, smaller than the maximum IQSA.DE drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for FTWD.DE and IQSA.DE.
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Drawdown Indicators
| FTWD.DE | IQSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.01% | -34.12% | +13.11% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -6.20% | -0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -21.01% | -21.35% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.35% | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.65% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -4.76% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.51% | +0.13% |
Volatility
FTWD.DE vs. IQSA.DE - Volatility Comparison
Invesco FTSE All-World UCITS ETF USD Distribution (FTWD.DE) and Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) have volatilities of 3.62% and 3.46%, 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
| FTWD.DE | IQSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 3.46% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.60% | 9.12% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.89% | 12.47% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.70% | 14.76% | -1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.70% | 17.21% | -3.51% |
FTWD.DE vs. IQSA.DE - Expense Ratio Comparison
FTWD.DE has a 0.15% expense ratio, which is lower than IQSA.DE's 0.30% expense ratio.
Dividends
FTWD.DE vs. IQSA.DE - Dividend Comparison
FTWD.DE's dividend yield for the trailing twelve months is around 1.23%, while IQSA.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% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, FTWD.DE and IQSA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.30% for IQSA.DE.
Their fees differ too: 0.15% for FTWD.DE and 0.30% for IQSA.DE.
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