FWEA.DE vs. SWSBX

Last updated Jul 25, 2026

FWEA.DE (Invesco FTSE All-World UCITS ETF EUR PfHdg Acc) and SWSBX (Schwab Short-Term Bond Index Fund) are both funds - FWEA.DE is a Global Equities fund tracking the FTSE All-World Index, while SWSBX is a Short-Term Bond fund tracking the Bloomberg US Government/Credit 1-5 Year Index. Both are passively managed. Over the past 3 years, FWEA.DE returned 16.41%/yr vs 3.15%/yr for SWSBX. Their -0.16 correlation means they have often moved in opposite directions in the past. FWEA.DE charges 0.20%/yr vs 0.06%/yr for SWSBX.

Performance

FWEA.DE vs. SWSBX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.DE) and Schwab Short-Term Bond Index Fund (SWSBX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FWEA.DE is traded in EUR, while SWSBX is traded in USD. To make them comparable, the SWSBX 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 8.45% return, which is significantly higher than SWSBX's 3.19% return.

FWEA.DE

• 1D: 0.00%
• 1M: -0.44%
• 6M: 6.99%
• YTD: 8.45%
• 1Y: 17.87%
• 3Y*: 16.41%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.68%

SWSBX

• 1D: 0.16%
• 1M: -0.34%
• 6M: 4.12%
• YTD: 3.19%
• 1Y: 6.05%
• 3Y*: 3.15%
• 5Y*: 1.90%
• 10Y*: —
• ALL TIME*: 1.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	€57.66K	€54.90K	€103.47K
SWSBX Schwab Short-Term Bond Index Fund	€0.00	€0.00	€0.00

FWEA.DE vs. SWSBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	8.45%	17.53%	19.21%	8.62%
SWSBX Schwab Short-Term Bond Index Fund	3.19%	-6.52%	10.24%	1.66%

Correlation

The correlation between FWEA.DE and SWSBX is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.20
Correlation (3Y) Balances recent behavior with more history.	-0.16
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023	-0.16

Return for Risk

FWEA.DE vs. SWSBX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FWEA.DE

FWEA.DE Risk / Return Rank: 66
FWEA.DE Sharpe Ratio Rank: 64
FWEA.DE Sortino Ratio Rank: 68
FWEA.DE Omega Ratio Rank: 65
FWEA.DE Calmar Ratio Rank: 61
FWEA.DE Martin Ratio Rank: 70

SWSBX

SWSBX Risk / Return Rank: 38
SWSBX Sharpe Ratio Rank: 36
SWSBX Sortino Ratio Rank: 44
SWSBX Omega Ratio Rank: 42
SWSBX Calmar Ratio Rank: 38
SWSBX Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FWEA.DE vs. SWSBX - 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 Schwab Short-Term Bond Index Fund (SWSBX). 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	SWSBX	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.10	+0.37
Sortino ratio: Return per unit of downside risk	2.22	1.62	+0.59
Omega ratio: Gain probability vs. loss probability	1.27	1.21	+0.07
Calmar ratio: Return relative to maximum drawdown	2.15	1.52	+0.63
Martin ratio: Return relative to average drawdown	8.63	4.29	+4.34

FWEA.DE vs. SWSBX - Sharpe Ratio Comparison

The current FWEA.DE Sharpe Ratio is 1.47, which is higher than the SWSBX Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of FWEA.DE and SWSBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FWEA.DE vs. SWSBX - Drawdown Comparison

The maximum FWEA.DE drawdown since its inception was -17.48%, which is greater than SWSBX's maximum drawdown of -15.69%. Use the drawdown chart below to compare losses from any high point for FWEA.DE and SWSBX.

Drawdown Indicators

	FWEA.DE	SWSBX	Difference
Max Drawdown Largest peak-to-trough decline	-17.48%	-15.69%	-1.79%
Max Drawdown (1Y) Largest decline over 1 year	-8.28%	-4.11%	-4.17%
Max Drawdown (3Y) Largest decline over 3 years	-17.48%	-10.49%	-6.99%
Max Drawdown (5Y) Largest decline over 5 years	—	-12.18%	—
Current Drawdown Current decline from peak	-2.77%	-4.79%	+2.02%
Average Drawdown Average peak-to-trough decline	-1.85%	-6.20%	+4.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	1.45%	+0.61%

Volatility

FWEA.DE vs. SWSBX - Volatility Comparison

Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.DE) has a higher volatility of 3.25% compared to Schwab Short-Term Bond Index Fund (SWSBX) at 0.92%. This indicates that FWEA.DE's price experiences larger fluctuations and is considered to be riskier than SWSBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FWEA.DE	SWSBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	0.92%	+2.33%
Volatility (6M) Calculated over the trailing 6-month period	9.76%	4.00%	+5.76%
Volatility (1Y) Calculated over the trailing 1-year period	12.10%	5.67%	+6.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.74%	7.33%	+5.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.74%	7.11%	+5.63%

FWEA.DE vs. SWSBX - Expense Ratio Comparison

FWEA.DE has a 0.20% expense ratio, which is higher than SWSBX's 0.06% 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. SWSBX - Dividend Comparison

FWEA.DE has not paid dividends to shareholders, while SWSBX's dividend yield for the trailing twelve months is around 4.17%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SWSBX Schwab Short-Term Bond Index Fund	4.17%	4.09%	3.66%	2.36%	1.11%	0.97%	1.82%	2.41%	2.12%	1.56%

Frequently Asked Questions

Can I hold both FWEA.DE and SWSBX in my portfolio?

FWEA.DE and SWSBX have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.