FWEA.DE vs. FTWG.L
FWEA.DE (Invesco FTSE All-World UCITS ETF) and FTWG.L (Invesco FTSE All-World UCITS ETF USD Dist) are both Global Equities funds from Invesco tracking the FTSE All-World Index. Both are passively managed. Over the past year, FWEA.DE returned 26.40% vs 26.75% for FTWG.L. Their correlation of 0.81 suggests significant overlap in exposure. FWEA.DE charges 0.20%/yr vs 0.15%/yr for FTWG.L.
Performance
FWEA.DE vs. FTWG.L - Performance Comparison
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Different Trading Currencies
FWEA.DE is traded in EUR, while FTWG.L is traded in GBp. To make them comparable, the FTWG.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 10.64% return, which is significantly lower than FTWG.L's 12.86% return.
FWEA.DE
- 1D
- -0.24%
- 1M
- 4.41%
- YTD
- 10.64%
- 6M
- 11.85%
- 1Y
- 26.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTWG.L
- 1D
- -0.12%
- 1M
- 5.18%
- YTD
- 12.86%
- 6M
- 13.56%
- 1Y
- 26.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FWEA.DE vs. FTWG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FWEA.DE Invesco FTSE All-World UCITS ETF | 10.64% | 17.53% | 19.21% | 7.17% |
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist | 12.86% | 8.17% | 25.71% | 6.49% |
Correlation
The correlation between FWEA.DE and FTWG.L is 0.85, 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 | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.81 |
The correlation between FWEA.DE and FTWG.L has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
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Return for Risk
FWEA.DE vs. FTWG.L — Risk / Return Rank
FWEA.DE
FTWG.L
FWEA.DE vs. FTWG.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 Invesco FTSE All-World UCITS ETF USD Dist (FTWG.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 | FTWG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.45 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 3.91 | -0.73 |
| Martin ratioReturn relative to average drawdown | 13.52 | 16.30 | -2.78 |
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 | FTWG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.42 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.51 | 1.42 | +0.10 |
Drawdowns
FWEA.DE vs. FTWG.L - Drawdown Comparison
The maximum FWEA.DE drawdown since its inception was -17.48%, smaller than the maximum FTWG.L drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for FWEA.DE and FTWG.L.
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Drawdown Indicators
| FWEA.DE | FTWG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.48% | -20.29% | +2.81% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -6.81% | -1.47% |
Current DrawdownCurrent decline from peak | -0.81% | -0.59% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -2.48% | +0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 1.64% | +0.31% |
Volatility
FWEA.DE vs. FTWG.L - Volatility Comparison
Invesco FTSE All-World UCITS ETF (FWEA.DE) has a higher volatility of 3.36% compared to Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) at 2.86%. This indicates that FWEA.DE's price experiences larger fluctuations and is considered to be riskier than FTWG.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 | FTWG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 2.86% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 8.93% | 7.86% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.45% | 10.99% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.72% | 12.83% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.72% | 12.83% | -0.11% |
FWEA.DE vs. FTWG.L - Expense Ratio Comparison
FWEA.DE has a 0.20% expense ratio, which is higher than FTWG.L's 0.15% 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
FWEA.DE vs. FTWG.L - Dividend Comparison
FWEA.DE has not paid dividends to shareholders, while FTWG.L's dividend yield for the trailing twelve months is around 1.22%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist | 1.22% | 1.34% | 1.50% | 0.70% |
FWEA.DE Invesco FTSE All-World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FWEA.DE and FTWG.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FTWG.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTWG.L is cheaper with a 0.15% expense ratio, compared with 0.20% for FWEA.DE.
Both ETFs track FTSE All-World Index. Their fees differ too: 0.20% for FWEA.DE and 0.15% for FTWG.L.
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