FTWD.DE vs. P500.DE
FTWD.DE (Invesco FTSE All-World UCITS ETF USD Distribution) and P500.DE (Invesco S&P 500 UCITS ETF) are both exchange-traded funds - FTWD.DE is a Global Equities fund tracking the FTSE All-World Index, while P500.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 3 years, FTWD.DE returned 17.83%/yr vs 18.56%/yr for P500.DE. Their correlation of 0.92 suggests significant overlap in exposure. FTWD.DE charges 0.15%/yr vs 0.05%/yr for P500.DE.
Performance
FTWD.DE vs. P500.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 higher than P500.DE's 12.30% return.
FTWD.DE
- 1D
- 0.52%
- 1M
- 0.92%
- 6M
- 14.25%
- YTD
- 14.08%
- 1Y
- 26.51%
- 3Y*
- 17.83%
- 5Y*
- —
- 10Y*
- —
P500.DE
- 1D
- 0.23%
- 1M
- 0.61%
- 6M
- 13.07%
- YTD
- 12.30%
- 1Y
- 24.17%
- 3Y*
- 18.56%
- 5Y*
- 13.90%
- 10Y*
- 15.07%
FTWD.DE vs. P500.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% |
P500.DE Invesco S&P 500 UCITS ETF | 12.30% | 4.83% | 32.66% | 9.21% |
Correlation
The correlation between FTWD.DE and P500.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.92 |
The correlation between FTWD.DE and P500.DE has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
FTWD.DE vs. P500.DE — Risk / Return Rank
FTWD.DE
P500.DE
FTWD.DE vs. P500.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 S&P 500 UCITS ETF (P500.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 | P500.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 3.39 | +0.68 |
| Martin ratioReturn relative to average drawdown | 16.12 | 12.01 | +4.12 |
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Drawdowns
FTWD.DE vs. P500.DE - Drawdown Comparison
The maximum FTWD.DE drawdown since its inception was -21.01%, smaller than the maximum P500.DE drawdown of -33.85%. Use the drawdown chart below to compare losses from any high point for FTWD.DE and P500.DE.
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Drawdown Indicators
| FTWD.DE | P500.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.01% | -33.85% | +12.84% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -7.10% | +0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -21.01% | -23.39% | +2.38% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.39% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.85% | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.60% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -3.16% | -3.84% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 2.01% | -0.37% |
Volatility
FTWD.DE vs. P500.DE - Volatility Comparison
Invesco FTSE All-World UCITS ETF USD Distribution (FTWD.DE) and Invesco S&P 500 UCITS ETF (P500.DE) have volatilities of 3.62% and 3.66%, 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 | P500.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 3.66% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 8.60% | 8.08% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.89% | 12.00% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.70% | 15.22% | -1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.70% | 16.07% | -2.37% |
FTWD.DE vs. P500.DE - Expense Ratio Comparison
FTWD.DE has a 0.15% expense ratio, which is higher than P500.DE's 0.05% expense ratio. However, 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. P500.DE - Dividend Comparison
FTWD.DE's dividend yield for the trailing twelve months is around 1.23%, while P500.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% |
P500.DE Invesco S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, FTWD.DE and P500.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, P500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
P500.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for FTWD.DE.
FTWD.DE is categorized as Global Equities, while P500.DE is S&P 500. FTWD.DE tracks FTSE All-World Index, while P500.DE tracks S&P 500 Index. Their fees differ too: 0.15% for FTWD.DE and 0.05% for P500.DE.
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