FWIA.DE vs. CLOA.DE
FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) and CLOA.DE (Invesco EUR AAA CLO UCITS ETF Acc) are both exchange-traded funds - FWIA.DE is a Global Equities fund tracking the FTSE All-World, while CLOA.DE is a CLO fund tracking the J.P. Morgan European Collateralized Loan Obligation AAA-only Index. Both are passively managed. Over the past year, FWIA.DE returned 26.57% vs 3.46% for CLOA.DE. At a correlation of -0.06, they often move in opposite directions. FWIA.DE charges 0.15%/yr vs 0.25%/yr for CLOA.DE.
Performance
FWIA.DE vs. CLOA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, FWIA.DE achieves a 12.60% return, which is significantly higher than CLOA.DE's 1.37% return.
FWIA.DE
- 1D
- -0.22%
- 1M
- 4.98%
- YTD
- 12.60%
- 6M
- 13.33%
- 1Y
- 26.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CLOA.DE
- 1D
- 0.11%
- 1M
- 0.39%
- YTD
- 1.37%
- 6M
- 1.66%
- 1Y
- 3.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FWIA.DE vs. CLOA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 12.60% | 4.58% |
CLOA.DE Invesco EUR AAA CLO UCITS ETF Acc | 1.37% | 2.88% |
Correlation
The correlation between FWIA.DE and CLOA.DE is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | -0.06 |
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Return for Risk
FWIA.DE vs. CLOA.DE — Risk / Return Rank
FWIA.DE
CLOA.DE
FWIA.DE vs. CLOA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) and Invesco EUR AAA CLO UCITS ETF Acc (CLOA.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.
| FWIA.DE | CLOA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.55 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 11.09 | -7.01 |
| Martin ratioReturn relative to average drawdown | 16.52 | 35.06 | -18.54 |
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
| FWIA.DE | CLOA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 2.68 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.40 | 2.31 | -0.91 |
Drawdowns
FWIA.DE vs. CLOA.DE - Drawdown Comparison
The maximum FWIA.DE drawdown since its inception was -20.96%, which is greater than CLOA.DE's maximum drawdown of -0.49%. Use the drawdown chart below to compare losses from any high point for FWIA.DE and CLOA.DE.
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Drawdown Indicators
| FWIA.DE | CLOA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.96% | -0.49% | -20.47% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -0.31% | -6.18% |
Current DrawdownCurrent decline from peak | -0.62% | -0.02% | -0.60% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -0.09% | -2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 0.10% | +1.50% |
Volatility
FWIA.DE vs. CLOA.DE - Volatility Comparison
Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) has a higher volatility of 2.96% compared to Invesco EUR AAA CLO UCITS ETF Acc (CLOA.DE) at 0.43%. This indicates that FWIA.DE's price experiences larger fluctuations and is considered to be riskier than CLOA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FWIA.DE | CLOA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 0.43% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 0.95% | +7.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.22% | 1.30% | +9.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.18% | 1.42% | +11.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.18% | 1.42% | +11.76% |
FWIA.DE vs. CLOA.DE - Expense Ratio Comparison
FWIA.DE has a 0.15% expense ratio, which is lower than CLOA.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
FWIA.DE vs. CLOA.DE - Dividend Comparison
Neither FWIA.DE nor CLOA.DE has paid dividends to shareholders.
Frequently Asked Questions
FWIA.DE and CLOA.DE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWIA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWIA.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for CLOA.DE.
FWIA.DE is categorized as Global Equities, while CLOA.DE is CLO. FWIA.DE tracks FTSE All-World, while CLOA.DE tracks J.P. Morgan European Collateralized Loan Obligation AAA-only Index. Their fees differ too: 0.15% for FWIA.DE and 0.25% for CLOA.DE.
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