FWEA.DE vs. MVEW.DE
FWEA.DE (Invesco FTSE All-World UCITS ETF) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds - FWEA.DE tracks the FTSE All-World Index while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past year, FWEA.DE returned 25.98% vs 0.94% for MVEW.DE. At a 0.39 correlation, their price movements are largely independent. FWEA.DE charges 0.20%/yr vs 0.30%/yr for MVEW.DE.
Performance
FWEA.DE vs. MVEW.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 higher than MVEW.DE's 1.17% return.
FWEA.DE
- 1D
- -0.24%
- 1M
- 2.84%
- YTD
- 10.64%
- 6M
- 11.58%
- 1Y
- 25.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MVEW.DE
- 1D
- 0.07%
- 1M
- 2.04%
- YTD
- 1.17%
- 6M
- 1.03%
- 1Y
- 0.94%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
FWEA.DE vs. MVEW.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% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 4.70% |
Correlation
The correlation between FWEA.DE and MVEW.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.39 |
The correlation between FWEA.DE and MVEW.DE shifts across timeframes, from 0.22 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FWEA.DE vs. MVEW.DE — Risk / Return Rank
FWEA.DE
MVEW.DE
FWEA.DE vs. MVEW.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 Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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 | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.24 | ||
| Sortino ratioReturn per unit of downside risk | +3.24 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.02 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 0.10 | +3.08 |
| Martin ratioReturn relative to average drawdown | 13.52 | 0.20 | +13.32 |
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 | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 0.06 | +2.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.51 | 0.63 | +0.88 |
Drawdowns
FWEA.DE vs. MVEW.DE - Drawdown Comparison
The maximum FWEA.DE drawdown since its inception was -17.48%, which is greater than MVEW.DE's maximum drawdown of -13.19%. Use the drawdown chart below to compare losses from any high point for FWEA.DE and MVEW.DE.
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Drawdown Indicators
| FWEA.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.48% | -13.19% | -4.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -4.68% | -3.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.19% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.19% | — |
Current DrawdownCurrent decline from peak | -0.81% | -5.75% | +4.94% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -3.83% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.27% | -0.32% |
Volatility
FWEA.DE vs. MVEW.DE - Volatility Comparison
Invesco FTSE All-World UCITS ETF (FWEA.DE) has a higher volatility of 3.36% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) at 2.58%. This indicates that FWEA.DE's price experiences larger fluctuations and is considered to be riskier than MVEW.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 | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 2.58% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 8.93% | 5.42% | +3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.45% | 7.97% | +3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.72% | 10.25% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.72% | 10.82% | +1.90% |
FWEA.DE vs. MVEW.DE - Expense Ratio Comparison
FWEA.DE has a 0.20% expense ratio, which is lower than MVEW.DE's 0.30% expense ratio.
Dividends
FWEA.DE vs. MVEW.DE - Dividend Comparison
Neither FWEA.DE nor MVEW.DE has paid dividends to shareholders.
Frequently Asked Questions
FWEA.DE and MVEW.DE have a correlation of 0.22, 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 MVEW.DE.
FWEA.DE tracks FTSE All-World Index, while MVEW.DE tracks MSCI ACWI NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.20% for FWEA.DE and 0.30% for MVEW.DE.
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