FWEA.DE vs. CLOA.DE
FWEA.DE (Invesco FTSE All-World UCITS ETF EUR PfHdg Acc) and CLOA.DE (Invesco EUR AAA CLO UCITS ETF Acc) are both exchange-traded funds - FWEA.DE is a Global Equities fund tracking the FTSE All-World Index, while CLOA.DE is a CLO fund tracking the J.P. Morgan European Collateralized Loan Obligation AAA-only Index. Both are passively managed. Over the past year, FWEA.DE returned 21.71% vs 3.51% for CLOA.DE. At a 0.04 correlation, their price movements are largely independent. FWEA.DE charges 0.20%/yr vs 0.25%/yr for CLOA.DE.
Performance
FWEA.DE vs. CLOA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FWEA.DE achieves a 10.02% return, which is significantly higher than CLOA.DE's 1.61% return.
FWEA.DE
- 1D
- 0.00%
- 1M
- -0.80%
- 6M
- 10.26%
- YTD
- 10.02%
- 1Y
- 21.71%
- 3Y*
- 17.71%
- 5Y*
- —
- 10Y*
- —
CLOA.DE
- 1D
- 0.00%
- 1M
- 0.35%
- 6M
- 1.70%
- YTD
- 1.61%
- 1Y
- 3.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FWEA.DE vs. CLOA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc | 10.02% | 14.55% |
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc | 1.61% | 2.90% |
Correlation
The correlation between FWEA.DE and CLOA.DE is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 10, 2025 | 0.04 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FWEA.DE vs. CLOA.DE — Risk / Return Rank
FWEA.DE
CLOA.DE
FWEA.DE vs. CLOA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.DE) and Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE). 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.
| FWEA.DE | CLOA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.56 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 13.23 | -10.60 |
| Martin ratioReturn relative to average drawdown | 10.72 | 40.51 | -29.80 |
Loading charts...
Drawdowns
FWEA.DE vs. CLOA.DE - Drawdown Comparison
The maximum FWEA.DE drawdown since its inception was -17.48%, which is greater than CLOA.DE's maximum drawdown of -0.49%. Use the drawdown chart below to compare losses from any high point for FWEA.DE and CLOA.DE.
Loading charts...
Drawdown Indicators
| FWEA.DE | CLOA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.48% | -0.49% | -16.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -0.27% | -8.01% |
Max Drawdown (3Y)Largest decline over 3 years | -17.48% | — | — |
Current DrawdownCurrent decline from peak | -1.37% | -0.09% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -0.08% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 0.09% | +1.94% |
Volatility
FWEA.DE vs. CLOA.DE - Volatility Comparison
Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.DE) has a higher volatility of 3.88% compared to Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) at 0.41%. This indicates that FWEA.DE's price experiences larger fluctuations and is considered to be riskier than CLOA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FWEA.DE | CLOA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 0.41% | +3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.49% | 0.93% | +8.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.88% | 1.25% | +10.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.75% | 1.41% | +11.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.75% | 1.41% | +11.34% |
FWEA.DE vs. CLOA.DE - Expense Ratio Comparison
FWEA.DE has a 0.20% expense ratio, which is lower than CLOA.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FWEA.DE vs. CLOA.DE - Dividend Comparison
Neither FWEA.DE nor CLOA.DE has paid dividends to shareholders.
Frequently Asked Questions
FWEA.DE and CLOA.DE have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWEA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWEA.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for CLOA.DE.
FWEA.DE is categorized as Global Equities, while CLOA.DE is CLO. FWEA.DE tracks FTSE All-World Index, while CLOA.DE tracks J.P. Morgan European Collateralized Loan Obligation AAA-only Index. Their fees differ too: 0.20% for FWEA.DE and 0.25% for CLOA.DE.
Find the right allocation for FWEA.DE and CLOA.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer