FWEA.DE vs. UCLU.DE
FWEA.DE (Invesco FTSE All-World UCITS ETF EUR PfHdg Acc) and UCLU.DE (Invesco USD AAA CLO UCITS ETF Dist) are both exchange-traded funds - FWEA.DE is a Global Equities fund tracking the FTSE All-World Index, while UCLU.DE is a CLO fund actively managed by Invesco. FWEA.DE is passively managed, while UCLU.DE is actively managed. Over the past year, FWEA.DE returned 17.87% vs 8.33% for UCLU.DE. Their -0.23 correlation means they have often moved in opposite directions in the past. FWEA.DE charges 0.20%/yr vs 0.25%/yr for UCLU.DE.
Performance
FWEA.DE vs. UCLU.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FWEA.DE achieves a 8.45% return, which is significantly higher than UCLU.DE's 6.34% 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%
UCLU.DE
- 1D
- 0.00%
- 1M
- 0.66%
- 6M
- 5.86%
- YTD
- 6.34%
- 1Y
- 8.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| €57.66K | €54.90K | €103.47K | |
| €5.09K | €6.55K | €13.41K |
FWEA.DE vs. UCLU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc | 8.45% | 14.44% |
UCLU.DE Invesco USD AAA CLO UCITS ETF Dist | 6.34% | -7.60% |
Correlation
The correlation between FWEA.DE and UCLU.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 | -0.23 |
The correlation between FWEA.DE and UCLU.DE shifts across timeframes, from -0.34 (1 year) to -0.23 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FWEA.DE vs. UCLU.DE — Risk / Return Rank
FWEA.DE
UCLU.DE
FWEA.DE vs. UCLU.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 Dist (UCLU.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 | UCLU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| 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 | 2.85 | -0.70 |
| Martin ratioReturn relative to average drawdown | 8.63 | 6.74 | +1.88 |
Loading charts...
Drawdowns
FWEA.DE vs. UCLU.DE - Drawdown Comparison
The maximum FWEA.DE drawdown since its inception was -17.48%, which is greater than UCLU.DE's maximum drawdown of -10.35%. Use the drawdown chart below to compare losses from any high point for FWEA.DE and UCLU.DE.
Loading charts...
Drawdown Indicators
| FWEA.DE | UCLU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.48% | -10.35% | -7.13% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -3.07% | -5.21% |
Max Drawdown (3Y)Largest decline over 3 years | -17.48% | — | — |
Current DrawdownCurrent decline from peak | -2.77% | -2.10% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -6.59% | +4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 1.30% | +0.76% |
Volatility
FWEA.DE vs. UCLU.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 Dist (UCLU.DE) at 1.17%. This indicates that FWEA.DE's price experiences larger fluctuations and is considered to be riskier than UCLU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FWEA.DE | UCLU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.25% | 1.17% | +2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 4.25% | +5.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 5.88% | +6.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.74% | 6.91% | +5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.74% | 6.91% | +5.83% |
FWEA.DE vs. UCLU.DE - Expense Ratio Comparison
FWEA.DE has a 0.20% expense ratio, which is lower than UCLU.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. UCLU.DE - Dividend Comparison
FWEA.DE has not paid dividends to shareholders, while UCLU.DE's dividend yield for the trailing twelve months is around 4.75%.
| Position | TTM | 2025 |
|---|---|---|
FWEA.DE Invesco FTSE All-World UCITS ETF EUR PfHdg Acc | 0.00% | 0.00% |
UCLU.DE Invesco USD AAA CLO UCITS ETF Dist | 4.75% | 4.11% |
Frequently Asked Questions
FWEA.DE and UCLU.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 UCLU.DE.
FWEA.DE is categorized as Global Equities, while UCLU.DE is CLO. Their fees differ too: 0.20% for FWEA.DE and 0.25% for UCLU.DE.
Find the right allocation for FWEA.DE and UCLU.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer