FWEA.DE vs. N1ES.DE
FWEA.DE (Invesco FTSE All-World UCITS ETF EUR PfHdg Acc) and N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) are both exchange-traded funds - FWEA.DE is a Global Equities fund tracking the FTSE All-World Index, while N1ES.DE is a Nasdaq-100 fund tracking the Nasdaq 100® ESG. Both are passively managed. Over the past 3 years, FWEA.DE returned 17.41%/yr vs 23.76%/yr for N1ES.DE. A 0.74 correlation means they provide meaningful diversification when combined. FWEA.DE charges 0.20%/yr vs 0.25%/yr for N1ES.DE.
Performance
FWEA.DE vs. N1ES.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FWEA.DE achieves a 10.39% return, which is significantly lower than N1ES.DE's 18.88% return.
FWEA.DE
- 1D
- 0.00%
- 1M
- -0.53%
- 6M
- 8.32%
- YTD
- 10.39%
- 1Y
- 21.37%
- 3Y*
- 17.41%
- 5Y*
- —
- 10Y*
- —
N1ES.DE
- 1D
- 0.00%
- 1M
- -1.30%
- 6M
- 17.13%
- YTD
- 18.88%
- 1Y
- 30.24%
- 3Y*
- 23.76%
- 5Y*
- —
- 10Y*
- —
FWEA.DE vs. N1ES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc | 10.39% | 17.53% | 19.21% | 8.62% |
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 18.88% | 8.26% | 33.55% | 12.97% |
Correlation
The correlation between FWEA.DE and N1ES.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 (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.74 |
The correlation between FWEA.DE and N1ES.DE has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.
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Return for Risk
FWEA.DE vs. N1ES.DE — Risk / Return Rank
FWEA.DE
N1ES.DE
FWEA.DE vs. N1ES.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 Nasdaq-100 ESG UCITS ETF Acc (N1ES.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 | N1ES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.80 | -0.22 |
| Martin ratioReturn relative to average drawdown | 10.49 | 7.83 | +2.66 |
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Drawdowns
FWEA.DE vs. N1ES.DE - Drawdown Comparison
The maximum FWEA.DE drawdown since its inception was -17.48%, smaller than the maximum N1ES.DE drawdown of -29.96%. Use the drawdown chart below to compare losses from any high point for FWEA.DE and N1ES.DE.
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Drawdown Indicators
| FWEA.DE | N1ES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.48% | -29.96% | +12.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -10.86% | +2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -17.48% | -26.65% | +9.17% |
Current DrawdownCurrent decline from peak | -1.04% | -3.22% | +2.18% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -8.35% | +6.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 3.87% | -1.83% |
Volatility
FWEA.DE vs. N1ES.DE - Volatility Comparison
The current volatility for Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.DE) is 3.09%, while Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) has a volatility of 5.99%. This indicates that FWEA.DE experiences smaller price fluctuations and is considered to be less risky than N1ES.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 | N1ES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 5.99% | -2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 9.60% | 13.22% | -3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.00% | 18.05% | -6.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.73% | 20.80% | -8.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.73% | 20.80% | -8.07% |
FWEA.DE vs. N1ES.DE - Expense Ratio Comparison
FWEA.DE has a 0.20% expense ratio, which is lower than N1ES.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. N1ES.DE - Dividend Comparison
Neither FWEA.DE nor N1ES.DE has paid dividends to shareholders.
Frequently Asked Questions
FWEA.DE and N1ES.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 0.25% for N1ES.DE.
FWEA.DE is categorized as Global Equities, while N1ES.DE is Nasdaq-100. FWEA.DE tracks FTSE All-World Index, while N1ES.DE tracks Nasdaq 100® ESG. Their fees differ too: 0.20% for FWEA.DE and 0.25% for N1ES.DE.
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