FWEA.DE vs. UCLA.DE
FWEA.DE (Invesco FTSE All-World UCITS ETF EUR PfHdg Acc) and UCLA.DE (Invesco USD AAA CLO UCITS ETF Acc) are both exchange-traded funds - FWEA.DE is a Global Equities fund tracking the FTSE All-World Index, while UCLA.DE is a CLO fund actively managed by Invesco. FWEA.DE is passively managed, while UCLA.DE is actively managed. Over the past year, FWEA.DE returned 17.87% vs 8.35% for UCLA.DE. Their -0.24 correlation means they have often moved in opposite directions in the past. FWEA.DE charges 0.20%/yr vs 0.25%/yr for UCLA.DE.
Performance
FWEA.DE vs. UCLA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FWEA.DE achieves a 8.45% return, which is significantly higher than UCLA.DE's 6.33% 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%
UCLA.DE
- 1D
- 0.00%
- 1M
- 0.67%
- 6M
- 5.77%
- YTD
- 6.33%
- 1Y
- 8.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| €57.66K | €54.90K | €103.47K | |
| €86.71 | €1.25K | €2.98K |
FWEA.DE vs. UCLA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc | 8.45% | 14.44% |
UCLA.DE Invesco USD AAA CLO UCITS ETF Acc | 6.33% | -7.56% |
Correlation
The correlation between FWEA.DE and UCLA.DE is -0.34, 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. | -0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025 | -0.24 |
The correlation between FWEA.DE and UCLA.DE shifts across timeframes, from -0.34 (1 year) to -0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FWEA.DE vs. UCLA.DE — Risk / Return Rank
FWEA.DE
UCLA.DE
FWEA.DE vs. UCLA.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 USD AAA CLO UCITS ETF Acc (UCLA.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 | UCLA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.26 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.94 | -0.79 |
| Martin ratioReturn relative to average drawdown | 8.63 | 6.95 | +1.67 |
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Drawdowns
FWEA.DE vs. UCLA.DE - Drawdown Comparison
The maximum FWEA.DE drawdown since its inception was -17.48%, which is greater than UCLA.DE's maximum drawdown of -10.36%. Use the drawdown chart below to compare losses from any high point for FWEA.DE and UCLA.DE.
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Drawdown Indicators
| FWEA.DE | UCLA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.48% | -10.36% | -7.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -2.99% | -5.29% |
Max Drawdown (3Y)Largest decline over 3 years | -17.48% | — | — |
Current DrawdownCurrent decline from peak | -2.77% | -2.15% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -6.65% | +4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 1.26% | +0.80% |
Volatility
FWEA.DE vs. UCLA.DE - Volatility Comparison
Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.DE) has a higher volatility of 3.25% compared to Invesco USD AAA CLO UCITS ETF Acc (UCLA.DE) at 1.08%. This indicates that FWEA.DE's price experiences larger fluctuations and is considered to be riskier than UCLA.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 | UCLA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 1.08% | +2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 4.35% | +5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 5.94% | +6.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.74% | 6.99% | +5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.74% | 6.99% | +5.75% |
FWEA.DE vs. UCLA.DE - Expense Ratio Comparison
FWEA.DE has a 0.20% expense ratio, which is lower than UCLA.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. UCLA.DE - Dividend Comparison
Neither FWEA.DE nor UCLA.DE has paid dividends to shareholders.
Frequently Asked Questions
FWEA.DE and UCLA.DE have a correlation of -0.34, 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 UCLA.DE.
FWEA.DE is categorized as Global Equities, while UCLA.DE is CLO. Their fees differ too: 0.20% for FWEA.DE and 0.25% for UCLA.DE.
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