FWRA.L vs. SDIA.L
FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) and SDIA.L (iShares USD Short Duration Corporate Bond UCITS ETF (Acc)) are both exchange-traded funds - FWRA.L is a Global Equities fund tracking the FTSE All-World Index, while SDIA.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past year, FWRA.L returned 24.63% vs 4.08% for SDIA.L. At a 0.24 correlation, their price movements are largely independent. FWRA.L charges 0.15%/yr vs 0.20%/yr for SDIA.L.
Performance
FWRA.L vs. SDIA.L - Performance Comparison
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Returns By Period
In the year-to-date period, FWRA.L achieves a 9.51% return, which is significantly higher than SDIA.L's 0.95% return.
FWRA.L
- 1D
- 0.22%
- 1M
- -0.32%
- YTD
- 9.51%
- 6M
- 9.51%
- 1Y
- 24.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SDIA.L
- 1D
- 0.16%
- 1M
- 0.47%
- YTD
- 0.95%
- 6M
- 1.27%
- 1Y
- 4.08%
- 3Y*
- 5.39%
- 5Y*
- 2.48%
- 10Y*
- —
FWRA.L vs. SDIA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation | 9.51% | 22.42% | 18.04% | 10.02% |
SDIA.L iShares USD Short Duration Corporate Bond UCITS ETF (Acc) | 0.95% | 6.22% | 4.94% | 4.04% |
Correlation
The correlation between FWRA.L and SDIA.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.24 |
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Return for Risk
FWRA.L vs. SDIA.L — Risk / Return Rank
FWRA.L
SDIA.L
FWRA.L vs. SDIA.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 iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FWRA.L | SDIA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.42 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 3.70 | -0.89 |
| Martin ratioReturn relative to average drawdown | 11.42 | 14.29 | -2.87 |
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Drawdowns
FWRA.L vs. SDIA.L - Drawdown Comparison
The maximum FWRA.L drawdown since its inception was -16.50%, which is greater than SDIA.L's maximum drawdown of -12.55%. Use the drawdown chart below to compare losses from any high point for FWRA.L and SDIA.L.
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Drawdown Indicators
| FWRA.L | SDIA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.50% | -12.55% | -3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -1.10% | -7.68% |
Max Drawdown (3Y)Largest decline over 3 years | -16.50% | -1.32% | -15.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -7.61% | — |
Current DrawdownCurrent decline from peak | -2.54% | 0.00% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -1.15% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 0.28% | +1.88% |
Volatility
FWRA.L vs. SDIA.L - Volatility Comparison
Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) has a higher volatility of 4.15% compared to iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L) at 0.82%. This indicates that FWRA.L's price experiences larger fluctuations and is considered to be riskier than SDIA.L 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 | SDIA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 0.82% | +3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.44% | 1.77% | +8.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.86% | 2.16% | +10.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.67% | 2.77% | +10.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.67% | 3.51% | +10.16% |
FWRA.L vs. SDIA.L - Expense Ratio Comparison
FWRA.L has a 0.15% expense ratio, which is lower than SDIA.L's 0.20% 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
FWRA.L vs. SDIA.L - Dividend Comparison
Neither FWRA.L nor SDIA.L has paid dividends to shareholders.
Frequently Asked Questions
FWRA.L and SDIA.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWRA.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWRA.L is cheaper with a 0.15% expense ratio, compared with 0.20% for SDIA.L.
FWRA.L is categorized as Global Equities, while SDIA.L is Corporate Bonds. FWRA.L tracks FTSE All-World Index, while SDIA.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.15% for FWRA.L and 0.20% for SDIA.L.
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