FWIA.DE vs. EXS3.DE
FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) and EXS3.DE (iShares MDAX UCITS ETF (DE)) are both exchange-traded funds - FWIA.DE is a Global Equities fund tracking the FTSE All-World, while EXS3.DE is a Europe Equities fund tracking the MDAX®. Both are passively managed. Over the past year, FWIA.DE returned 26.39% vs 4.92% for EXS3.DE. A 0.59 correlation means they provide meaningful diversification when combined. FWIA.DE charges 0.15%/yr vs 0.51%/yr for EXS3.DE.
Performance
FWIA.DE vs. EXS3.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 EXS3.DE's 6.43% return.
FWIA.DE
- 1D
- -0.22%
- 1M
- 3.67%
- YTD
- 12.60%
- 6M
- 12.82%
- 1Y
- 26.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EXS3.DE
- 1D
- 0.21%
- 1M
- 5.13%
- YTD
- 6.43%
- 6M
- 10.24%
- 1Y
- 4.92%
- 3Y*
- 6.03%
- 5Y*
- -1.18%
- 10Y*
- 4.04%
FWIA.DE vs. EXS3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 12.60% | 9.02% | 24.70% | 7.73% |
EXS3.DE iShares MDAX UCITS ETF (DE) | 6.43% | 19.10% | -6.45% | 0.13% |
Correlation
The correlation between FWIA.DE and EXS3.DE is 0.65, 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 | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.59 |
The correlation between FWIA.DE and EXS3.DE has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.
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Return for Risk
FWIA.DE vs. EXS3.DE — Risk / Return Rank
FWIA.DE
EXS3.DE
FWIA.DE vs. EXS3.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 iShares MDAX UCITS ETF (DE) (EXS3.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 | EXS3.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.09 | ||
| Sortino ratioReturn per unit of downside risk | +2.80 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.06 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 0.34 | +3.74 |
| Martin ratioReturn relative to average drawdown | 16.52 | 0.91 | +15.61 |
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 | EXS3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 0.26 | +2.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.06 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.40 | 0.36 | +1.05 |
Drawdowns
FWIA.DE vs. EXS3.DE - Drawdown Comparison
The maximum FWIA.DE drawdown since its inception was -20.96%, smaller than the maximum EXS3.DE drawdown of -63.82%. Use the drawdown chart below to compare losses from any high point for FWIA.DE and EXS3.DE.
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Drawdown Indicators
| FWIA.DE | EXS3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.96% | -63.82% | +42.86% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -14.57% | +8.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.67% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.31% | — |
Current DrawdownCurrent decline from peak | -0.62% | -12.23% | +11.61% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -14.02% | +11.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 5.35% | -3.75% |
Volatility
FWIA.DE vs. EXS3.DE - Volatility Comparison
The current volatility for Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) is 2.96%, while iShares MDAX UCITS ETF (DE) (EXS3.DE) has a volatility of 4.94%. This indicates that FWIA.DE experiences smaller price fluctuations and is considered to be less risky than EXS3.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 | EXS3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 4.94% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 15.18% | -7.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.22% | 18.54% | -7.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.18% | 19.35% | -6.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.18% | 18.37% | -5.19% |
FWIA.DE vs. EXS3.DE - Expense Ratio Comparison
FWIA.DE has a 0.15% expense ratio, which is lower than EXS3.DE's 0.51% expense ratio.
Dividends
FWIA.DE vs. EXS3.DE - Dividend Comparison
Neither FWIA.DE nor EXS3.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXS3.DE iShares MDAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.41% | 0.49% | 0.53% | 0.49% |
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FWIA.DE and EXS3.DE have a correlation of 0.65, 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 0.51% for EXS3.DE.
FWIA.DE is categorized as Global Equities, while EXS3.DE is Europe Equities. FWIA.DE tracks FTSE All-World, while EXS3.DE tracks MDAX®. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.15% for FWIA.DE and 0.51% for EXS3.DE.
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