FWEA.DE vs. UETW.DE
FWEA.DE (Invesco FTSE All-World UCITS ETF EUR PfHdg Acc) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - FWEA.DE tracks the FTSE All-World Index while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 3 years, FWEA.DE returned 17.41%/yr vs 17.67%/yr for UETW.DE. Their correlation of 0.84 suggests significant overlap in exposure. FWEA.DE charges 0.20%/yr vs 0.10%/yr for UETW.DE.
Performance
FWEA.DE vs. UETW.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 UETW.DE's 11.82% return.
FWEA.DE
- 1D
- 0.00%
- 1M
- -0.53%
- 6M
- 8.32%
- YTD
- 10.39%
- 1Y
- 21.37%
- 3Y*
- 17.41%
- 5Y*
- —
- 10Y*
- —
UETW.DE
- 1D
- -1.09%
- 1M
- 0.52%
- 6M
- 8.75%
- YTD
- 11.82%
- 1Y
- 21.95%
- 3Y*
- 17.67%
- 5Y*
- 12.06%
- 10Y*
- —
FWEA.DE vs. UETW.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% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 11.82% | 8.05% | 26.48% | 8.21% |
Correlation
The correlation between FWEA.DE and UETW.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.84 |
The correlation between FWEA.DE and UETW.DE has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
FWEA.DE vs. UETW.DE — Risk / Return Rank
FWEA.DE
UETW.DE
FWEA.DE vs. UETW.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 UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 3.28 | -0.70 |
| Martin ratioReturn relative to average drawdown | 10.49 | 12.82 | -2.33 |
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Drawdowns
FWEA.DE vs. UETW.DE - Drawdown Comparison
The maximum FWEA.DE drawdown since its inception was -17.48%, smaller than the maximum UETW.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for FWEA.DE and UETW.DE.
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Drawdown Indicators
| FWEA.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.48% | -33.74% | +16.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -6.67% | -1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -17.48% | -21.32% | +3.84% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.32% | — |
Current DrawdownCurrent decline from peak | -1.04% | -1.17% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -4.97% | +3.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 1.71% | +0.33% |
Volatility
FWEA.DE vs. UETW.DE - Volatility Comparison
Invesco FTSE All-World UCITS ETF EUR PfHdg Acc (FWEA.DE) has a higher volatility of 3.09% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.64%. This indicates that FWEA.DE's price experiences larger fluctuations and is considered to be riskier than UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 2.64% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 9.60% | 7.83% | +1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.00% | 11.17% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.73% | 14.06% | -1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.73% | 16.55% | -3.82% |
FWEA.DE vs. UETW.DE - Expense Ratio Comparison
FWEA.DE has a 0.20% expense ratio, which is higher than UETW.DE's 0.10% 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. UETW.DE - Dividend Comparison
Neither FWEA.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
FWEA.DE and UETW.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UETW.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.20% for FWEA.DE.
FWEA.DE tracks FTSE All-World Index, while UETW.DE tracks MSCI World. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.20% for FWEA.DE and 0.10% for UETW.DE.
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