FWRA.L vs. MEUD.L

Last updated Jun 9, 2026

FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) and MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) are both exchange-traded funds - FWRA.L is a Global Equities fund tracking the FTSE All-World Index, while MEUD.L is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past year, FWRA.L returned 25.89% vs 16.91% for MEUD.L. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.

Performance

FWRA.L vs. MEUD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) and Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FWRA.L is traded in USD, while MEUD.L is traded in GBp. To make them comparable, the MEUD.L 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 MEUD.L's 5.24% return.

FWRA.L

• 1D: -0.43%
• 1M: 0.22%
• YTD: 9.27%
• 6M: 10.72%
• 1Y: 25.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MEUD.L

• 1D: 0.11%
• 1M: 0.08%
• YTD: 5.24%
• 6M: 8.76%
• 1Y: 16.91%
• 3Y*: 16.48%
• 5Y*: 8.35%
• 10Y*: 9.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FWRA.L vs. MEUD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation	9.27%	22.42%	18.04%	10.02%
MEUD.L Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc	5.24%	36.05%	1.93%	8.46%

Correlation

The correlation between FWRA.L and MEUD.L 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 Jun 27, 2023	0.76

The correlation between FWRA.L and MEUD.L has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

FWRA.L vs. MEUD.L - Sectors Allocation Comparison

Sectors	FWRA.L	MEUD.L
Technology	29.1%	9.4%
Financial Services	16.4%	23.9%
Industrials	11.0%	20.3%
Consumer Cyclical	9.4%	7.1%
Communication Services	8.9%	3.0%
Healthcare	7.6%	12.6%
Consumer Defensive	5.0%	7.7%
Energy	4.3%	5.3%
Basic Materials	3.9%	5.1%
Utilities	2.6%	4.4%
Real Estate	1.9%	1.2%

Return for Risk

FWRA.L vs. MEUD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FWRA.L

FWRA.L Risk / Return Rank: 71
FWRA.L Sharpe Ratio Rank: 70
FWRA.L Sortino Ratio Rank: 76
FWRA.L Omega Ratio Rank: 72
FWRA.L Calmar Ratio Rank: 65
FWRA.L Martin Ratio Rank: 72

MEUD.L

MEUD.L Risk / Return Rank: 46
MEUD.L Sharpe Ratio Rank: 49
MEUD.L Sortino Ratio Rank: 48
MEUD.L Omega Ratio Rank: 51
MEUD.L Calmar Ratio Rank: 39
MEUD.L Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FWRA.L vs. MEUD.L - 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 Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.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.

	FWRA.L	MEUD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.07	1.16	+0.91
Sortino ratio: Return per unit of downside risk	3.08	1.71	+1.37
Omega ratio: Gain probability vs. loss probability	1.38	1.21	+0.17
Calmar ratio: Return relative to maximum drawdown	2.95	1.46	+1.49
Martin ratio: Return relative to average drawdown	12.33	5.19	+7.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FWRA.L vs. MEUD.L - Sharpe Ratio Comparison

The current FWRA.L Sharpe Ratio is 2.07, which is higher than the MEUD.L Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of FWRA.L and MEUD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FWRA.L	MEUD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	1.16	+0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.44	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.51	0.35	+1.16

Drawdowns

FWRA.L vs. MEUD.L - Drawdown Comparison

The maximum FWRA.L drawdown since its inception was -16.50%, smaller than the maximum MEUD.L drawdown of -36.31%. Use the drawdown chart below to compare losses from any high point for FWRA.L and MEUD.L.

Drawdown Indicators

	FWRA.L	MEUD.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.50%	-36.31%	+19.81%
Max Drawdown (1Y) Largest decline over 1 year	-8.78%	-11.53%	+2.75%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.31%	—
Current Drawdown Current decline from peak	-2.75%	-2.76%	+0.01%
Average Drawdown Average peak-to-trough decline	-1.92%	-9.39%	+7.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	3.25%	-1.15%

Volatility

FWRA.L vs. MEUD.L - Volatility Comparison

Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) and Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) have volatilities of 3.90% and 3.92%, 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.

Volatility by Period

	FWRA.L	MEUD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	3.92%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	9.98%	12.01%	-2.03%
Volatility (1Y) Calculated over the trailing 1-year period	12.55%	14.58%	-2.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.63%	19.16%	-5.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.63%	19.37%	-5.74%

FWRA.L vs. MEUD.L - Expense Ratio Comparison

Both FWRA.L and MEUD.L 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. MEUD.L - Dividend Comparison

Neither FWRA.L nor MEUD.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FWRA.L and MEUD.L in my portfolio?

FWRA.L and MEUD.L 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.

Which ETF is better, FWRA.L or MEUD.L?

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FWRA.L or MEUD.L?

FWRA.L and MEUD.L have the same expense ratio: 0.15% per year.

What is the main difference between FWRA.L and MEUD.L?

FWRA.L is categorized as Global Equities, while MEUD.L is Europe Equities. FWRA.L tracks FTSE All-World Index, while MEUD.L tracks MSCI Europe NR EUR. They also come from different issuers: Invesco and Amundi.