FWIA.DE vs. EMIM.L
FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) and EMIM.L (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - FWIA.DE is a Global Equities fund tracking the FTSE All-World, while EMIM.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past year, FWIA.DE returned 26.93% vs 42.84% for EMIM.L. A 0.67 correlation means they provide meaningful diversification when combined. FWIA.DE charges 0.15%/yr vs 0.18%/yr for EMIM.L.
Performance
FWIA.DE vs. EMIM.L - Performance Comparison
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Different Trading Currencies
FWIA.DE is traded in EUR, while EMIM.L is traded in GBp. To make them comparable, the EMIM.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, FWIA.DE achieves a 12.60% return, which is significantly lower than EMIM.L's 24.15% return.
FWIA.DE
- 1D
- -0.22%
- 1M
- 3.01%
- YTD
- 12.60%
- 6M
- 14.34%
- 1Y
- 26.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMIM.L
- 1D
- 2.76%
- 1M
- 2.09%
- YTD
- 24.15%
- 6M
- 27.50%
- 1Y
- 42.84%
- 3Y*
- 18.71%
- 5Y*
- 8.43%
- 10Y*
- 10.21%
FWIA.DE vs. EMIM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 12.60% | 9.02% | 24.70% | 7.98% |
EMIM.L iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 24.15% | 16.91% | 14.45% | 4.13% |
Correlation
The correlation between FWIA.DE and EMIM.L is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023 | 0.67 |
The correlation between FWIA.DE and EMIM.L has been stable across timeframes, ranging from 0.67 to 0.73 - a consistent structural relationship.
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Return for Risk
FWIA.DE vs. EMIM.L — Risk / Return Rank
FWIA.DE
EMIM.L
FWIA.DE vs. EMIM.L - 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 iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L). 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.
| FWIA.DE | EMIM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.44 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 4.00 | +0.07 |
| Martin ratioReturn relative to average drawdown | 16.52 | 13.91 | +2.61 |
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Drawdowns
FWIA.DE vs. EMIM.L - Drawdown Comparison
The maximum FWIA.DE drawdown since its inception was -20.96%, smaller than the maximum EMIM.L drawdown of -34.80%. Use the drawdown chart below to compare losses from any high point for FWIA.DE and EMIM.L.
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Drawdown Indicators
| FWIA.DE | EMIM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.96% | -34.80% | +13.84% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -10.65% | +4.16% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.44% | — |
Current DrawdownCurrent decline from peak | -0.62% | -3.48% | +2.86% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -9.29% | +6.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 3.07% | -1.47% |
Volatility
FWIA.DE vs. EMIM.L - Volatility Comparison
The current volatility for Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) is 2.96%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) has a volatility of 7.32%. This indicates that FWIA.DE experiences smaller price fluctuations and is considered to be less risky than EMIM.L 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 | EMIM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 7.32% | -4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 15.25% | -7.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.22% | 18.05% | -6.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.17% | 16.47% | -3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.17% | 18.19% | -5.02% |
FWIA.DE vs. EMIM.L - Expense Ratio Comparison
FWIA.DE has a 0.15% expense ratio, which is lower than EMIM.L's 0.18% 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. EMIM.L - Dividend Comparison
Neither FWIA.DE nor EMIM.L has paid dividends to shareholders.
Frequently Asked Questions
FWIA.DE and EMIM.L have a correlation of 0.73, 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 0.18% for EMIM.L.
FWIA.DE is categorized as Global Equities, while EMIM.L is Emerging Markets Equities. FWIA.DE tracks FTSE All-World, while EMIM.L tracks MSCI EM NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.15% for FWIA.DE and 0.18% for EMIM.L.
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