FTWG.L vs. SPXS.L
FTWG.L (Invesco FTSE All-World UCITS ETF USD Dist) and SPXS.L (Invesco S&P 500 UCITS ETF) are both Global Equities funds from Invesco - FTWG.L tracks the FTSE All-World Index while SPXS.L tracks the Invesco S&P 500 UCITS ETF. Both are passively managed. Over the past 3 years, FTWG.L returned 17.94%/yr vs -74.39%/yr for SPXS.L. Their correlation of 0.86 suggests significant overlap in exposure. FTWG.L charges 0.15%/yr vs 0.05%/yr for SPXS.L.
Performance
FTWG.L vs. SPXS.L - Performance Comparison
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Different Trading Currencies
FTWG.L is traded in GBp, while SPXS.L is traded in USD. To make them comparable, the SPXS.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 10.82% return, which is significantly higher than SPXS.L's 9.88% return.
FTWG.L
- 1D
- -0.68%
- 1M
- -1.15%
- 6M
- 9.12%
- YTD
- 10.82%
- 1Y
- 22.80%
- 3Y*
- 17.94%
- 5Y*
- —
- 10Y*
- —
SPXS.L
- 1D
- 0.00%
- 1M
- -0.81%
- 6M
- 9.42%
- YTD
- 9.88%
- 1Y
- -98.79%
- 3Y*
- -74.39%
- 5Y*
- -54.77%
- 10Y*
- -27.53%
FTWG.L vs. SPXS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist | 10.82% | 14.12% | 19.92% | -13.67% |
SPXS.L Invesco S&P 500 UCITS ETF | 9.88% | -98.91% | 27.76% | 10.83% |
Correlation
The correlation between FTWG.L and SPXS.L is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.86 |
The correlation between FTWG.L and SPXS.L has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.
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Return for Risk
FTWG.L vs. SPXS.L — Risk / Return Rank
FTWG.L
SPXS.L
FTWG.L vs. SPXS.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 Invesco S&P 500 UCITS ETF (SPXS.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.
| FTWG.L | SPXS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.08 | ||
| Sortino ratioReturn per unit of downside risk | +3.70 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.52 | +0.87 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | -1.00 | +4.19 |
| Martin ratioReturn relative to average drawdown | 12.44 | -1.23 | +13.67 |
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Drawdowns
FTWG.L vs. SPXS.L - Drawdown Comparison
The maximum FTWG.L drawdown since its inception was -22.14%, smaller than the maximum SPXS.L drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for FTWG.L and SPXS.L.
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Drawdown Indicators
| FTWG.L | SPXS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.14% | -99.07% | +76.93% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -99.07% | +91.96% |
Max Drawdown (3Y)Largest decline over 3 years | -17.78% | -99.07% | +81.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.07% | — |
Current DrawdownCurrent decline from peak | -1.99% | -98.92% | +96.93% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -7.34% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 80.59% | -78.76% |
Volatility
FTWG.L vs. SPXS.L - Volatility Comparison
Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) has a higher volatility of 3.21% compared to Invesco S&P 500 UCITS ETF (SPXS.L) at 2.88%. This indicates that FTWG.L's price experiences larger fluctuations and is considered to be riskier than SPXS.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 | SPXS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 2.88% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 9.25% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 99.46% | -88.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 46.95% | -30.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.63% | 35.32% | -18.69% |
FTWG.L vs. SPXS.L - Expense Ratio Comparison
FTWG.L has a 0.15% expense ratio, which is higher than SPXS.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. SPXS.L - Dividend Comparison
FTWG.L's dividend yield for the trailing twelve months is around 1.26%, while SPXS.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist | 1.26% | 1.34% | 1.50% | 0.70% |
SPXS.L Invesco S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTWG.L and SPXS.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPXS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPXS.L is cheaper with a 0.05% expense ratio, compared with 0.15% for FTWG.L.
FTWG.L tracks FTSE All-World Index, while SPXS.L tracks Invesco S&P 500 UCITS ETF. Their fees differ too: 0.15% for FTWG.L and 0.05% for SPXS.L.
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