FWRA.L vs. NOVN.SW
FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) is Global Equities fund tracking the FTSE All-World Index, while NOVN.SW (Novartis AG) is a stock. Over the past year, FWRA.L returned 25.89% vs 28.10% for NOVN.SW. At a 0.22 correlation, their price movements are largely independent.
Performance
FWRA.L vs. NOVN.SW - Performance Comparison
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Different Trading Currencies
FWRA.L is traded in USD, while NOVN.SW is traded in CHF. To make them comparable, the NOVN.SW values have been converted to USD using the latest available exchange rates.
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with FWRA.L at 9.27% and NOVN.SW at 9.27%.
FWRA.L
- 1D
- -0.43%
- 1M
- 0.22%
- YTD
- 9.27%
- 6M
- 10.72%
- 1Y
- 25.89%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NOVN.SW
- 1D
- 2.41%
- 1M
- 0.52%
- YTD
- 9.27%
- 6M
- 14.43%
- 1Y
- 28.10%
- 3Y*
- 19.80%
- 5Y*
- 15.74%
- 10Y*
- 12.27%
FWRA.L vs. NOVN.SW - 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% |
NOVN.SW Novartis AG | 9.27% | 46.11% | 0.96% | 7.31% |
Correlation
The correlation between FWRA.L and NOVN.SW is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.22 |
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Return for Risk
FWRA.L vs. NOVN.SW — Risk / Return Rank
FWRA.L
NOVN.SW
FWRA.L vs. NOVN.SW - 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 Novartis AG (NOVN.SW). 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 | NOVN.SW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.25 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.28 | +0.67 |
| Martin ratioReturn relative to average drawdown | 12.33 | 5.55 | +6.77 |
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 | NOVN.SW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 1.45 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.81 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.51 | 0.55 | +0.96 |
Drawdowns
FWRA.L vs. NOVN.SW - Drawdown Comparison
The maximum FWRA.L drawdown since its inception was -16.50%, smaller than the maximum NOVN.SW drawdown of -40.85%. Use the drawdown chart below to compare losses from any high point for FWRA.L and NOVN.SW.
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Drawdown Indicators
| FWRA.L | NOVN.SW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.50% | -40.85% | +24.35% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -13.01% | +4.23% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.10% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.72% | — |
Current DrawdownCurrent decline from peak | -2.75% | -10.88% | +8.13% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -9.01% | +7.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 5.30% | -3.20% |
Volatility
FWRA.L vs. NOVN.SW - Volatility Comparison
The current volatility for Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) is 3.90%, while Novartis AG (NOVN.SW) has a volatility of 6.66%. This indicates that FWRA.L experiences smaller price fluctuations and is considered to be less risky than NOVN.SW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FWRA.L | NOVN.SW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 6.66% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 9.98% | 15.00% | -5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.55% | 20.53% | -7.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.63% | 19.42% | -5.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.63% | 18.99% | -5.36% |
Dividends
FWRA.L vs. NOVN.SW - Dividend Comparison
FWRA.L has not paid dividends to shareholders, while NOVN.SW's dividend yield for the trailing twelve months is around 3.19%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOVN.SW Novartis AG | 3.19% | 3.19% | 3.72% | 3.77% | 3.91% | 3.94% | 3.72% | 3.27% | 3.98% | 3.98% | 4.35% | 3.58% |
Frequently Asked Questions
FWRA.L and NOVN.SW have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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