FWEA.DE vs. V3AA.MI
FWEA.DE (Invesco FTSE All-World UCITS ETF) and V3AA.MI (Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating) are both Global Equities funds - FWEA.DE tracks the FTSE All-World Index while V3AA.MI tracks the FTSE Global All Cap Choice Index. Both are passively managed. Over the past year, FWEA.DE returned 25.98% vs 26.57% for V3AA.MI. Their correlation of 0.83 suggests significant overlap in exposure. FWEA.DE charges 0.20%/yr vs 0.24%/yr for V3AA.MI.
Performance
FWEA.DE vs. V3AA.MI - Performance Comparison
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Returns By Period
In the year-to-date period, FWEA.DE achieves a 10.64% return, which is significantly lower than V3AA.MI's 12.87% return.
FWEA.DE
- 1D
- -0.24%
- 1M
- 2.84%
- YTD
- 10.64%
- 6M
- 11.58%
- 1Y
- 25.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
V3AA.MI
- 1D
- -0.09%
- 1M
- 4.38%
- YTD
- 12.87%
- 6M
- 13.05%
- 1Y
- 26.57%
- 3Y*
- 17.68%
- 5Y*
- 11.33%
- 10Y*
- —
FWEA.DE vs. V3AA.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FWEA.DE Invesco FTSE All-World UCITS ETF | 10.64% | 17.53% | 19.21% | 8.62% |
V3AA.MI Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating | 12.87% | 7.21% | 25.54% | 8.57% |
Correlation
The correlation between FWEA.DE and V3AA.MI is 0.87, 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 | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.83 |
The correlation between FWEA.DE and V3AA.MI has been stable across timeframes, ranging from 0.83 to 0.87 - a consistent structural relationship.
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Return for Risk
FWEA.DE vs. V3AA.MI — Risk / Return Rank
FWEA.DE
V3AA.MI
FWEA.DE vs. V3AA.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All-World UCITS ETF (FWEA.DE) and Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating (V3AA.MI). 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.
| FWEA.DE | V3AA.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.41 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 3.23 | -0.05 |
| Martin ratioReturn relative to average drawdown | 13.52 | 13.08 | +0.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FWEA.DE | V3AA.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.15 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.51 | 0.77 | +0.75 |
Drawdowns
FWEA.DE vs. V3AA.MI - Drawdown Comparison
The maximum FWEA.DE drawdown since its inception was -17.48%, smaller than the maximum V3AA.MI drawdown of -22.16%. Use the drawdown chart below to compare losses from any high point for FWEA.DE and V3AA.MI.
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Drawdown Indicators
| FWEA.DE | V3AA.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.48% | -22.16% | +4.68% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -8.20% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.16% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.16% | — |
Current DrawdownCurrent decline from peak | -0.81% | -0.75% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -6.00% | +4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 2.02% | -0.07% |
Volatility
FWEA.DE vs. V3AA.MI - Volatility Comparison
Invesco FTSE All-World UCITS ETF (FWEA.DE) and Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating (V3AA.MI) have volatilities of 3.36% and 3.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FWEA.DE | V3AA.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.36% | 3.46% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.93% | 9.17% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.45% | 12.30% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.72% | 14.72% | -2.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.72% | 14.64% | -1.92% |
FWEA.DE vs. V3AA.MI - Expense Ratio Comparison
FWEA.DE has a 0.20% expense ratio, which is lower than V3AA.MI's 0.24% 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. V3AA.MI - Dividend Comparison
Neither FWEA.DE nor V3AA.MI has paid dividends to shareholders.
Frequently Asked Questions
FWEA.DE and V3AA.MI have a correlation of 0.87, 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 0.24% for V3AA.MI.
FWEA.DE tracks FTSE All-World Index, while V3AA.MI tracks FTSE Global All Cap Choice Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.20% for FWEA.DE and 0.24% for V3AA.MI.
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