FTWG.L vs. MWOZ.L
FTWG.L (Invesco FTSE All-World UCITS ETF USD Dist) and MWOZ.L (Amundi Prime Global UCITS ETF Dist) are both Global Equities funds - FTWG.L tracks the FTSE All-World Index while MWOZ.L tracks the Solactive GBS Developed Markets Large & Mid Cap Index. Both are passively managed. Over the past year, FTWG.L returned 30.16% vs 27.68% for MWOZ.L. With a 0.96 correlation, they move nearly in lockstep. FTWG.L charges 0.15%/yr vs 0.05%/yr for MWOZ.L.
Performance
FTWG.L vs. MWOZ.L - Performance Comparison
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Different Trading Currencies
FTWG.L is traded in GBp, while MWOZ.L is traded in GBP. To make them comparable, the MWOZ.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FTWG.L achieves a 11.87% return, which is significantly higher than MWOZ.L's 10.17% return.
FTWG.L
- 1D
- -0.03%
- 1M
- 5.38%
- YTD
- 11.87%
- 6M
- 12.43%
- 1Y
- 30.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MWOZ.L
- 1D
- 0.05%
- 1M
- 5.09%
- YTD
- 10.17%
- 6M
- 10.38%
- 1Y
- 27.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTWG.L vs. MWOZ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist | 11.87% | 9.37% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 10.17% | 8.44% |
Correlation
The correlation between FTWG.L and MWOZ.L 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 (All Time) Calculated using the full available price history since Feb 7, 2025 | 0.96 |
The correlation between FTWG.L and MWOZ.L has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
FTWG.L vs. MWOZ.L — Risk / Return Rank
FTWG.L
MWOZ.L
FTWG.L vs. MWOZ.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) and Amundi Prime Global UCITS ETF Dist (MWOZ.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.
| FTWG.L | MWOZ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.51 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.23 | 4.16 | +0.07 |
| Martin ratioReturn relative to average drawdown | 17.22 | 16.80 | +0.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTWG.L | MWOZ.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.92 | 2.68 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.55 | 1.04 | +0.51 |
Drawdowns
FTWG.L vs. MWOZ.L - Drawdown Comparison
The maximum FTWG.L drawdown since its inception was -17.78%, roughly equal to the maximum MWOZ.L drawdown of -18.50%. Use the drawdown chart below to compare losses from any high point for FTWG.L and MWOZ.L.
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Drawdown Indicators
| FTWG.L | MWOZ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.78% | -18.50% | +0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -6.63% | -0.48% |
Current DrawdownCurrent decline from peak | -0.42% | -0.15% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -3.16% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.64% | +0.11% |
Volatility
FTWG.L vs. MWOZ.L - Volatility Comparison
Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) has a higher volatility of 3.04% compared to Amundi Prime Global UCITS ETF Dist (MWOZ.L) at 2.54%. This indicates that FTWG.L's price experiences larger fluctuations and is considered to be riskier than MWOZ.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTWG.L | MWOZ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.04% | 2.54% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 7.27% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.28% | 10.29% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.89% | 13.91% | -2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.89% | 13.91% | -2.02% |
FTWG.L vs. MWOZ.L - Expense Ratio Comparison
FTWG.L has a 0.15% expense ratio, which is higher than MWOZ.L'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
FTWG.L vs. MWOZ.L - Dividend Comparison
FTWG.L's dividend yield for the trailing twelve months is around 1.22%, more than MWOZ.L's 1.20% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist | 1.22% | 1.34% | 1.50% | 0.70% |
MWOZ.L Amundi Prime Global UCITS ETF Dist | 1.20% | 1.60% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, FTWG.L and MWOZ.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, MWOZ.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MWOZ.L is cheaper with a 0.05% expense ratio, compared with 0.15% for FTWG.L.
FTWG.L tracks FTSE All-World Index, while MWOZ.L tracks Solactive GBS Developed Markets Large & Mid Cap Index. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.15% for FTWG.L and 0.05% for MWOZ.L.
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