FTWD.DE vs. UETW.DE
FTWD.DE (Invesco FTSE All-World UCITS ETF USD Distribution) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - FTWD.DE tracks the FTSE All-World Index while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 3 years, FTWD.DE returned 17.67%/yr vs 17.67%/yr for UETW.DE. With a 0.96 correlation, they move nearly in lockstep. FTWD.DE charges 0.15%/yr vs 0.10%/yr for UETW.DE.
Performance
FTWD.DE vs. UETW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FTWD.DE achieves a 12.47% return, which is significantly higher than UETW.DE's 11.82% return.
FTWD.DE
- 1D
- -1.16%
- 1M
- -0.65%
- 6M
- 8.99%
- YTD
- 12.47%
- 1Y
- 22.96%
- 3Y*
- 17.67%
- 5Y*
- —
- 10Y*
- —
UETW.DE
- 1D
- -1.09%
- 1M
- 0.52%
- 6M
- 8.75%
- YTD
- 11.82%
- 1Y
- 21.95%
- 3Y*
- 17.67%
- 5Y*
- 12.06%
- 10Y*
- —
FTWD.DE vs. UETW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FTWD.DE Invesco FTSE All-World UCITS ETF USD Distribution | 12.47% | 9.08% | 24.54% | -0.42% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 11.82% | 8.05% | 26.48% | 8.21% |
Correlation
The correlation between FTWD.DE and UETW.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.96 |
The correlation between FTWD.DE and UETW.DE has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
FTWD.DE vs. UETW.DE — Risk / Return Rank
FTWD.DE
UETW.DE
FTWD.DE vs. UETW.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 UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 3.28 | +0.24 |
| Martin ratioReturn relative to average drawdown | 13.91 | 12.82 | +1.09 |
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Drawdowns
FTWD.DE vs. UETW.DE - Drawdown Comparison
The maximum FTWD.DE drawdown since its inception was -21.01%, smaller than the maximum UETW.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for FTWD.DE and UETW.DE.
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Drawdown Indicators
| FTWD.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.01% | -33.74% | +12.73% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -6.67% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -21.01% | -21.32% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.32% | — |
Current DrawdownCurrent decline from peak | -1.79% | -1.17% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -3.13% | -4.97% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 1.71% | -0.06% |
Volatility
FTWD.DE vs. UETW.DE - Volatility Comparison
Invesco FTSE All-World UCITS ETF USD Distribution (FTWD.DE) has a higher volatility of 3.08% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.64%. This indicates that FTWD.DE's price experiences larger fluctuations and is considered to be riskier than UETW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTWD.DE | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.64% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 8.61% | 7.83% | +0.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | 11.17% | +0.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.67% | 14.06% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.67% | 16.55% | -2.88% |
FTWD.DE vs. UETW.DE - Expense Ratio Comparison
FTWD.DE has a 0.15% expense ratio, which is higher than UETW.DE's 0.10% 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. UETW.DE - Dividend Comparison
FTWD.DE's dividend yield for the trailing twelve months is around 1.25%, while UETW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FTWD.DE Invesco FTSE All-World UCITS ETF USD Distribution | 1.25% | 1.36% | 1.49% | 0.70% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, FTWD.DE and UETW.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, UETW.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for FTWD.DE.
FTWD.DE tracks FTSE All-World Index, while UETW.DE tracks MSCI World. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.15% for FTWD.DE and 0.10% for UETW.DE.
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