FTWD.L vs. SASU.L
FTWD.L (Invesco FTSE All-World UCITS ETF Dist) and SASU.L (iShares MSCI USA Screened UCITS ETF USD (Acc)) are both Global Equities funds - FTWD.L tracks the FTSE All-World Index while SASU.L tracks the iShares MSCI USA Screened UCITS ETF USD (Acc). Both are passively managed. Over the past 3 years, FTWD.L returned 19.12%/yr vs 20.83%/yr for SASU.L. Their correlation of 0.93 suggests significant overlap in exposure. FTWD.L charges 0.15%/yr vs 0.07%/yr for SASU.L.
Performance
FTWD.L vs. SASU.L - Performance Comparison
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Returns By Period
In the year-to-date period, FTWD.L achieves a 11.08% return, which is significantly higher than SASU.L's 9.97% return.
FTWD.L
- 1D
- 0.00%
- 1M
- -0.44%
- 6M
- 8.56%
- YTD
- 11.08%
- 1Y
- 23.94%
- 3Y*
- 19.12%
- 5Y*
- —
- 10Y*
- —
SASU.L
- 1D
- 0.00%
- 1M
- 0.45%
- 6M
- 9.06%
- YTD
- 9.97%
- 1Y
- 23.20%
- 3Y*
- 20.83%
- 5Y*
- 13.16%
- 10Y*
- —
FTWD.L vs. SASU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FTWD.L Invesco FTSE All-World UCITS ETF Dist | 11.08% | 22.55% | 17.90% | 10.03% |
SASU.L iShares MSCI USA Screened UCITS ETF USD (Acc) | 9.97% | 17.83% | 26.90% | 12.16% |
Correlation
The correlation between FTWD.L and SASU.L is 0.93, 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 | 0.93 |
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 | 0.93 |
The correlation between FTWD.L and SASU.L has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.
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Return for Risk
FTWD.L vs. SASU.L — Risk / Return Rank
FTWD.L
SASU.L
FTWD.L vs. SASU.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All-World UCITS ETF Dist (FTWD.L) and iShares MSCI USA Screened UCITS ETF USD (Acc) (SASU.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.
| FTWD.L | SASU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.32 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.42 | +0.32 |
| Martin ratioReturn relative to average drawdown | 10.84 | 9.65 | +1.19 |
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Drawdowns
FTWD.L vs. SASU.L - Drawdown Comparison
The maximum FTWD.L drawdown since its inception was -16.68%, smaller than the maximum SASU.L drawdown of -34.07%. Use the drawdown chart below to compare losses from any high point for FTWD.L and SASU.L.
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Drawdown Indicators
| FTWD.L | SASU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.68% | -34.07% | +17.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.72% | -9.53% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -16.68% | -19.83% | +3.15% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.24% | — |
Current DrawdownCurrent decline from peak | -1.23% | -0.69% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -1.91% | -5.40% | +3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 2.40% | -0.19% |
Volatility
FTWD.L vs. SASU.L - Volatility Comparison
Invesco FTSE All-World UCITS ETF Dist (FTWD.L) has a higher volatility of 3.37% compared to iShares MSCI USA Screened UCITS ETF USD (Acc) (SASU.L) at 3.04%. This indicates that FTWD.L's price experiences larger fluctuations and is considered to be riskier than SASU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTWD.L | SASU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.37% | 3.04% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.49% | 10.09% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.94% | 13.09% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 17.03% | -3.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.62% | 18.39% | -4.77% |
FTWD.L vs. SASU.L - Expense Ratio Comparison
FTWD.L has a 0.15% expense ratio, which is higher than SASU.L's 0.07% 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.L vs. SASU.L - Dividend Comparison
FTWD.L's dividend yield for the trailing twelve months is around 1.25%, while SASU.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FTWD.L Invesco FTSE All-World UCITS ETF Dist | 1.25% | 1.34% | 1.53% | 0.69% |
SASU.L iShares MSCI USA Screened UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, FTWD.L and SASU.L 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, SASU.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SASU.L is cheaper with a 0.07% expense ratio, compared with 0.15% for FTWD.L.
FTWD.L tracks FTSE All-World Index, while SASU.L tracks iShares MSCI USA Screened UCITS ETF USD (Acc). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.15% for FTWD.L and 0.07% for SASU.L.
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