FWEA.DE vs. IAU
FWEA.DE (Invesco FTSE All-World UCITS ETF EUR PfHdg Acc) and IAU (iShares Gold Trust) are both exchange-traded funds - FWEA.DE is a Global Equities fund tracking the FTSE All-World Index, while IAU is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past year, FWEA.DE returned 25.93% vs 25.05% for IAU. At a 0.09 correlation, their price movements are largely independent. FWEA.DE charges 0.20%/yr vs 0.25%/yr for IAU.
Performance
FWEA.DE vs. IAU - Performance Comparison
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Different Trading Currencies
FWEA.DE is traded in EUR, while IAU is traded in USD. To make them comparable, the IAU 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 higher than IAU's 1.43% return.
FWEA.DE
- 1D
- -0.24%
- 1M
- 2.76%
- YTD
- 10.64%
- 6M
- 12.31%
- 1Y
- 25.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAU
- 1D
- 2.39%
- 1M
- -4.69%
- YTD
- 1.43%
- 6M
- 1.60%
- 1Y
- 25.05%
- 3Y*
- 27.41%
- 5Y*
- 19.28%
- 10Y*
- 12.18%
FWEA.DE vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc | 10.64% | 17.53% | 19.21% | 8.62% |
IAU iShares Gold Trust | 1.43% | 44.49% | 35.22% | 5.99% |
Correlation
The correlation between FWEA.DE and IAU is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.09 |
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Return for Risk
FWEA.DE vs. IAU — Risk / Return Rank
FWEA.DE
IAU
FWEA.DE vs. IAU - 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 iShares Gold Trust (IAU). 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 | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.20 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 1.12 | +2.06 |
| Martin ratioReturn relative to average drawdown | 13.52 | 3.22 | +10.30 |
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Drawdowns
FWEA.DE vs. IAU - Drawdown Comparison
The maximum FWEA.DE drawdown since its inception was -17.48%, smaller than the maximum IAU drawdown of -37.42%. Use the drawdown chart below to compare losses from any high point for FWEA.DE and IAU.
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Drawdown Indicators
| FWEA.DE | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.48% | -37.42% | +19.94% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -22.47% | +14.19% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.47% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.47% | — |
Current DrawdownCurrent decline from peak | -0.81% | -18.38% | +17.57% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -12.04% | +10.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 7.86% | -5.91% |
Volatility
FWEA.DE vs. IAU - Volatility Comparison
The current volatility for Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.DE) is 3.36%, while iShares Gold Trust (IAU) has a volatility of 7.39%. This indicates that FWEA.DE experiences smaller price fluctuations and is considered to be less risky than IAU 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 | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 7.39% | -4.03% |
Volatility (6M)Calculated over the trailing 6-month period | 8.93% | 22.57% | -13.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.45% | 25.77% | -14.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.71% | 16.87% | -4.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.71% | 14.98% | -2.27% |
FWEA.DE vs. IAU - Expense Ratio Comparison
FWEA.DE has a 0.20% expense ratio, which is lower than IAU'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. IAU - Dividend Comparison
Neither FWEA.DE nor IAU has paid dividends to shareholders.
Frequently Asked Questions
FWEA.DE and IAU have a correlation of 0.16, 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 IAU.
FWEA.DE is categorized as Global Equities, while IAU is Gold. FWEA.DE tracks FTSE All-World Index, while IAU tracks LBMA Gold Price. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for FWEA.DE and 0.25% for IAU.
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