FWEA.DE vs. ACWI.L
Compare and contrast key facts about Invesco FTSE All-World UCITS ETF (FWEA.DE) and SPDR MSCI ACWI UCITS ETF (ACWI.L).
FWEA.DE and ACWI.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FWEA.DE is a passively managed fund by Invesco that tracks the performance of the FTSE All-World Index. It was launched on Feb 20, 2024. ACWI.L is a passively managed fund by State Street that tracks the performance of the MSCI ACWI NR USD. It was launched on May 13, 2011. Both FWEA.DE and ACWI.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
FWEA.DE vs. ACWI.L - Performance Comparison
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FWEA.DE vs. ACWI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FWEA.DE Invesco FTSE All-World UCITS ETF | -2.30% | 17.53% | 19.21% | 8.62% |
ACWI.L SPDR MSCI ACWI UCITS ETF | -0.35% | 8.36% | 25.44% | 8.19% |
Different Trading Currencies
FWEA.DE is traded in EUR, while ACWI.L is traded in GBP. To make them comparable, the ACWI.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, FWEA.DE achieves a -2.30% return, which is significantly lower than ACWI.L's -0.35% return.
FWEA.DE
- 1D
- -0.49%
- 1M
- -2.43%
- YTD
- -2.30%
- 6M
- 1.09%
- 1Y
- 17.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ACWI.L
- 1D
- -0.03%
- 1M
- -2.01%
- YTD
- -0.35%
- 6M
- 2.64%
- 1Y
- 13.39%
- 3Y*
- 14.96%
- 5Y*
- 10.10%
- 10Y*
- 11.41%
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FWEA.DE vs. ACWI.L - Expense Ratio Comparison
FWEA.DE has a 0.20% expense ratio, which is lower than ACWI.L's 0.40% expense ratio.
Return for Risk
FWEA.DE vs. ACWI.L — Risk / Return Rank
FWEA.DE
ACWI.L
FWEA.DE vs. ACWI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All-World UCITS ETF (FWEA.DE) and SPDR MSCI ACWI UCITS ETF (ACWI.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.
| FWEA.DE | ACWI.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 0.87 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.66 | 1.22 | +0.44 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.18 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.63 | 2.91 | -0.28 |
Martin ratioReturn relative to average drawdown | 11.42 | 11.74 | -0.31 |
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
| FWEA.DE | ACWI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.87 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.21 | 0.72 | +0.48 |
Correlation
The correlation between FWEA.DE and ACWI.L is 0.82, 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
FWEA.DE vs. ACWI.L - Dividend Comparison
Neither FWEA.DE nor ACWI.L has paid dividends to shareholders.
Drawdowns
FWEA.DE vs. ACWI.L - Drawdown Comparison
The maximum FWEA.DE drawdown since its inception was -17.48%, smaller than the maximum ACWI.L drawdown of -32.94%. Use the drawdown chart below to compare losses from any high point for FWEA.DE and ACWI.L.
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Drawdown Indicators
| FWEA.DE | ACWI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.48% | -25.44% | +7.96% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -7.05% | -1.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.44% | — |
Current DrawdownCurrent decline from peak | -5.71% | -4.06% | -1.65% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -3.70% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 1.75% | +0.16% |
Volatility
FWEA.DE vs. ACWI.L - Volatility Comparison
Invesco FTSE All-World UCITS ETF (FWEA.DE) has a higher volatility of 5.00% compared to SPDR MSCI ACWI UCITS ETF (ACWI.L) at 4.63%. This indicates that FWEA.DE's price experiences larger fluctuations and is considered to be riskier than ACWI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FWEA.DE | ACWI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 4.63% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.60% | 8.59% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.90% | 15.41% | -0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.65% | 13.84% | -1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.65% | 15.01% | -2.36% |