FWIA.DE vs. SC0J.DE
FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) and SC0J.DE (Invesco MSCI World UCITS ETF Acc) are both Global Equities funds from Invesco - FWIA.DE tracks the FTSE All-World while SC0J.DE tracks the MSCI World. Both are passively managed. Over the past year, FWIA.DE returned 26.39% vs 23.90% for SC0J.DE. With a 0.96 correlation, they move nearly in lockstep. FWIA.DE charges 0.15%/yr vs 0.19%/yr for SC0J.DE.
Performance
FWIA.DE vs. SC0J.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 SC0J.DE's 10.95% return.
FWIA.DE
- 1D
- -0.22%
- 1M
- 3.67%
- YTD
- 12.60%
- 6M
- 12.82%
- 1Y
- 26.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SC0J.DE
- 1D
- -0.02%
- 1M
- 3.73%
- YTD
- 10.95%
- 6M
- 10.97%
- 1Y
- 23.90%
- 3Y*
- 17.62%
- 5Y*
- 12.96%
- 10Y*
- 12.86%
FWIA.DE vs. SC0J.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% |
SC0J.DE Invesco MSCI World UCITS ETF Acc | 10.95% | 7.78% | 26.07% | 7.54% |
Correlation
The correlation between FWIA.DE and SC0J.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.96 |
The correlation between FWIA.DE and SC0J.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
FWIA.DE vs. SC0J.DE — Risk / Return Rank
FWIA.DE
SC0J.DE
FWIA.DE vs. SC0J.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 MSCI World UCITS ETF Acc (SC0J.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 | SC0J.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.40 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 3.66 | +0.42 |
| Martin ratioReturn relative to average drawdown | 16.52 | 14.66 | +1.86 |
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 | SC0J.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 2.14 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.40 | 0.87 | +0.53 |
Drawdowns
FWIA.DE vs. SC0J.DE - Drawdown Comparison
The maximum FWIA.DE drawdown since its inception was -20.96%, smaller than the maximum SC0J.DE drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for FWIA.DE and SC0J.DE.
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Drawdown Indicators
| FWIA.DE | SC0J.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.96% | -33.91% | +12.95% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -6.52% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.91% | — |
Current DrawdownCurrent decline from peak | -0.62% | -0.33% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -4.23% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.63% | -0.03% |
Volatility
FWIA.DE vs. SC0J.DE - Volatility Comparison
Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) has a higher volatility of 2.96% compared to Invesco MSCI World UCITS ETF Acc (SC0J.DE) at 2.62%. This indicates that FWIA.DE's price experiences larger fluctuations and is considered to be riskier than SC0J.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 | SC0J.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 2.62% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 7.78% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.22% | 11.15% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.18% | 14.15% | -0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.18% | 15.09% | -1.91% |
FWIA.DE vs. SC0J.DE - Expense Ratio Comparison
FWIA.DE has a 0.15% expense ratio, which is lower than SC0J.DE's 0.19% 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. SC0J.DE - Dividend Comparison
Neither FWIA.DE nor SC0J.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, FWIA.DE and SC0J.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.19% for SC0J.DE.
FWIA.DE tracks FTSE All-World, while SC0J.DE tracks MSCI World. Their fees differ too: 0.15% for FWIA.DE and 0.19% for SC0J.DE.
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