FTWG.L vs. VEVE.L

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) and Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L).

FTWG.L and VEVE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTWG.L is a passively managed fund by Invesco that tracks the performance of the FTSE All-World Index. It was launched on Feb 20, 2024. VEVE.L is a passively managed fund by Vanguard that tracks the performance of the MSCI ACWI NR USD. It was launched on Sep 30, 2014. Both FTWG.L and VEVE.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FTWG.L vs. VEVE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) and Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L). The values are adjusted to include any dividend payments, if applicable.

FTWG.L vs. VEVE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist	-0.52%	14.12%	19.92%	7.22%
VEVE.L Vanguard FTSE Developed World UCITS ETF Distributing	-0.66%	13.81%	20.22%	8.03%

Different Trading Currencies

FTWG.L is traded in GBp, while VEVE.L is traded in GBP. To make them comparable, the VEVE.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 -0.52% return, which is significantly higher than VEVE.L's -0.66% return.

FTWG.L

• 1D: 1.96%
• 1M: -3.71%
• YTD: -0.52%
• 6M: 3.24%
• 1Y: 18.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VEVE.L

• 1D: 2.03%
• 1M: -3.61%
• YTD: -0.66%
• 6M: 3.27%
• 1Y: 18.32%
• 3Y*: 15.10%
• 5Y*: 11.36%
• 10Y*: 12.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTWG.L vs. VEVE.L - Expense Ratio Comparison

FTWG.L has a 0.15% expense ratio, which is higher than VEVE.L's 0.12% 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%.

FTWG.L

Invesco FTSE All-World UCITS ETF USD Dist

VEVE.L

Vanguard FTSE Developed World UCITS ETF Distributing

Return for Risk

FTWG.L vs. VEVE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTWG.L

FTWG.L Risk / Return Rank: 76
FTWG.L Sharpe Ratio Rank: 72
FTWG.L Sortino Ratio Rank: 70
FTWG.L Omega Ratio Rank: 71
FTWG.L Calmar Ratio Rank: 84
FTWG.L Martin Ratio Rank: 83

VEVE.L

VEVE.L Risk / Return Rank: 76
VEVE.L Sharpe Ratio Rank: 70
VEVE.L Sortino Ratio Rank: 69
VEVE.L Omega Ratio Rank: 71
VEVE.L Calmar Ratio Rank: 85
VEVE.L Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTWG.L vs. VEVE.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 Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.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	VEVE.L	Difference
Sharpe ratio Return per unit of total volatility	1.31	1.29	+0.02
Sortino ratio Return per unit of downside risk	1.81	1.80	+0.01
Omega ratio Gain probability vs. loss probability	1.27	1.27	0.00
Calmar ratio Return relative to maximum drawdown	2.59	2.64	-0.05
Martin ratio Return relative to average drawdown	9.87	10.06	-0.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTWG.L vs. VEVE.L - Sharpe Ratio Comparison

The current FTWG.L Sharpe Ratio is 1.31, which is comparable to the VEVE.L Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of FTWG.L and VEVE.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FTWG.L	VEVE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	1.29	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.86	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.22	0.85	+0.38

Correlation

The correlation between FTWG.L and VEVE.L is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FTWG.L vs. VEVE.L - Dividend Comparison

FTWG.L's dividend yield for the trailing twelve months is around 1.37%, less than VEVE.L's 1.39% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist	1.37%	1.34%	1.50%	0.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEVE.L Vanguard FTSE Developed World UCITS ETF Distributing	1.39%	1.38%	1.48%	1.71%	1.98%	1.46%	1.62%	1.95%	2.24%	1.93%	1.88%	2.03%

Drawdowns

FTWG.L vs. VEVE.L - Drawdown Comparison

The maximum FTWG.L drawdown since its inception was -17.78%, smaller than the maximum VEVE.L drawdown of -25.52%. Use the drawdown chart below to compare losses from any high point for FTWG.L and VEVE.L.

Drawdown Indicators

	FTWG.L	VEVE.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.78%	-25.52%	+7.74%
Max Drawdown (1Y) Largest decline over 1 year	-10.16%	-10.28%	+0.12%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.52%	—
Current Drawdown Current decline from peak	-4.05%	-3.97%	-0.08%
Average Drawdown Average peak-to-trough decline	-2.06%	-3.45%	+1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	1.82%	+0.05%

Volatility

FTWG.L vs. VEVE.L - Volatility Comparison

Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) and Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) have volatilities of 4.42% and 4.49%, 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.

Volatility by Period

	FTWG.L	VEVE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	4.49%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	8.19%	8.21%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	13.94%	14.19%	-0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.95%	13.14%	-1.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.95%	14.34%	-2.39%