FWEA.DE vs. IS3S.DE
FWEA.DE (Invesco FTSE All-World UCITS ETF) and IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) are both Global Equities funds - FWEA.DE tracks the FTSE All-World Index while IS3S.DE tracks the MSCI World Enhanced Value. Both are passively managed. Over the past year, FWEA.DE returned 25.98% vs 63.38% for IS3S.DE. A 0.73 correlation means they provide meaningful diversification when combined. FWEA.DE charges 0.20%/yr vs 0.30%/yr for IS3S.DE.
Performance
FWEA.DE vs. IS3S.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FWEA.DE achieves a 10.64% return, which is significantly lower than IS3S.DE's 35.27% return.
FWEA.DE
- 1D
- -0.24%
- 1M
- 2.84%
- YTD
- 10.64%
- 6M
- 11.58%
- 1Y
- 25.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IS3S.DE
- 1D
- -0.83%
- 1M
- 11.04%
- YTD
- 35.27%
- 6M
- 38.20%
- 1Y
- 63.38%
- 3Y*
- 26.82%
- 5Y*
- 17.35%
- 10Y*
- 12.60%
FWEA.DE vs. IS3S.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FWEA.DE Invesco FTSE All-World UCITS ETF | 10.64% | 17.53% | 19.21% | 8.62% |
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 35.27% | 25.13% | 11.36% | 8.55% |
Correlation
The correlation between FWEA.DE and IS3S.DE is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.73 |
The correlation between FWEA.DE and IS3S.DE has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.
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Return for Risk
FWEA.DE vs. IS3S.DE — Risk / Return Rank
FWEA.DE
IS3S.DE
FWEA.DE vs. IS3S.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All-World UCITS ETF (FWEA.DE) and iShares Edge MSCI World Value Factor UCITS ETF (IS3S.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.
| FWEA.DE | IS3S.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.83 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 10.36 | -7.18 |
| Martin ratioReturn relative to average drawdown | 13.52 | 39.01 | -25.49 |
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 | IS3S.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 4.53 | -2.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.51 | 0.68 | +0.83 |
Drawdowns
FWEA.DE vs. IS3S.DE - Drawdown Comparison
The maximum FWEA.DE drawdown since its inception was -17.48%, smaller than the maximum IS3S.DE drawdown of -35.18%. Use the drawdown chart below to compare losses from any high point for FWEA.DE and IS3S.DE.
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Drawdown Indicators
| FWEA.DE | IS3S.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.48% | -35.18% | +17.70% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -6.09% | -2.19% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.80% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.18% | — |
Current DrawdownCurrent decline from peak | -0.81% | -0.83% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -5.82% | +3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 1.62% | +0.33% |
Volatility
FWEA.DE vs. IS3S.DE - Volatility Comparison
The current volatility for Invesco FTSE All-World UCITS ETF (FWEA.DE) is 3.36%, while iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a volatility of 5.62%. This indicates that FWEA.DE experiences smaller price fluctuations and is considered to be less risky than IS3S.DE 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 | IS3S.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 5.62% | -2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 8.93% | 11.32% | -2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.45% | 13.93% | -2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.72% | 13.85% | -1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.72% | 15.76% | -3.04% |
FWEA.DE vs. IS3S.DE - Expense Ratio Comparison
FWEA.DE has a 0.20% expense ratio, which is lower than IS3S.DE's 0.30% expense ratio.
Dividends
FWEA.DE vs. IS3S.DE - Dividend Comparison
Neither FWEA.DE nor IS3S.DE has paid dividends to shareholders.
Frequently Asked Questions
FWEA.DE and IS3S.DE have a correlation of 0.77, 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 0.30% for IS3S.DE.
FWEA.DE tracks FTSE All-World Index, while IS3S.DE tracks MSCI World Enhanced Value. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for FWEA.DE and 0.30% for IS3S.DE.
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