FWRA.L vs. EXUS.DE
FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) and EXUS.DE (Xtrackers MSCI World ex USA UCITS ETF 1C USD) are both Global Equities funds - FWRA.L tracks the FTSE All-World Index while EXUS.DE tracks the MSCI World ex USA index. Both are passively managed. Over the past year, FWRA.L returned 25.89% vs 22.63% for EXUS.DE. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
FWRA.L vs. EXUS.DE - Performance Comparison
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Different Trading Currencies
FWRA.L is traded in USD, while EXUS.DE is traded in EUR. To make them comparable, the EXUS.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FWRA.L achieves a 9.27% return, which is significantly higher than EXUS.DE's 8.36% return.
FWRA.L
- 1D
- -0.43%
- 1M
- 0.22%
- YTD
- 9.27%
- 6M
- 10.72%
- 1Y
- 25.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EXUS.DE
- 1D
- 0.30%
- 1M
- 1.07%
- YTD
- 8.36%
- 6M
- 11.34%
- 1Y
- 22.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FWRA.L vs. EXUS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation | 9.27% | 22.42% | 11.17% |
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD | 8.36% | 32.99% | 0.55% |
Correlation
The correlation between FWRA.L and EXUS.DE is 0.81, 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 | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024 | 0.76 |
The correlation between FWRA.L and EXUS.DE has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
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Return for Risk
FWRA.L vs. EXUS.DE — Risk / Return Rank
FWRA.L
EXUS.DE
FWRA.L vs. EXUS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) and Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.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.
| FWRA.L | EXUS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.28 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.05 | +0.90 |
| Martin ratioReturn relative to average drawdown | 12.33 | 7.60 | +4.73 |
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
| FWRA.L | EXUS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 1.55 | +0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.51 | 1.20 | +0.31 |
Drawdowns
FWRA.L vs. EXUS.DE - Drawdown Comparison
The maximum FWRA.L drawdown since its inception was -16.50%, which is greater than EXUS.DE's maximum drawdown of -13.99%. Use the drawdown chart below to compare losses from any high point for FWRA.L and EXUS.DE.
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Drawdown Indicators
| FWRA.L | EXUS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.50% | -13.99% | -2.51% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -10.74% | +1.96% |
Current DrawdownCurrent decline from peak | -2.75% | -1.03% | -1.72% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -2.33% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 2.91% | -0.81% |
Volatility
FWRA.L vs. EXUS.DE - Volatility Comparison
Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) and Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) have volatilities of 3.90% and 3.86%, 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
| FWRA.L | EXUS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 3.86% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.98% | 11.66% | -1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.55% | 14.23% | -1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.63% | 15.09% | -1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.63% | 15.09% | -1.46% |
FWRA.L vs. EXUS.DE - Expense Ratio Comparison
Both FWRA.L and EXUS.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FWRA.L vs. EXUS.DE - Dividend Comparison
Neither FWRA.L nor EXUS.DE has paid dividends to shareholders.
Frequently Asked Questions
FWRA.L and EXUS.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FWRA.L and EXUS.DE have the same expense ratio: 0.15% per year.
FWRA.L tracks FTSE All-World Index, while EXUS.DE tracks MSCI World ex USA index. They also come from different issuers: Invesco and Xtrackers.
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