FWRA.L vs. USD=X

Last updated Jun 9, 2026

FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) is Global Equities fund tracking the FTSE All-World Index, while USD=X (USD Cash) is a currency. Over the past year, FWRA.L returned 25.89% vs 0.00% for USD=X.

Performance

FWRA.L vs. USD=X - 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 USD Cash (USD=X). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FWRA.L

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

USD=X

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 0.00%
• 3Y*: 0.00%
• 5Y*: 0.00%
• 10Y*: 0.00%

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

FWRA.L vs. USD=X - 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%
USD=X USD Cash	0.00%	0.00%	0.00%	0.00%

Return for Risk

FWRA.L vs. USD=X — 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

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. USD=X - 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 USD Cash (USD=X). 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	USD=X	Difference
Sharpe ratio: Return per unit of total volatility	2.07	—	—
Sortino ratio: Return per unit of downside risk	3.08	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	2.95	—	—
Martin ratio: Return relative to average drawdown	12.33	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FWRA.L	USD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.51	—	—

Drawdowns

FWRA.L vs. USD=X - Drawdown Comparison

The maximum FWRA.L drawdown since its inception was -16.50%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FWRA.L and USD=X.

Drawdown Indicators

	FWRA.L	USD=X	Difference
Max Drawdown Largest peak-to-trough decline	-16.50%	0.00%	-16.50%
Max Drawdown (1Y) Largest decline over 1 year	-8.78%	0.00%	-8.78%
Max Drawdown (3Y) Largest decline over 3 years	—	0.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	0.00%	—
Max Drawdown (10Y) Largest decline over 10 years	—	0.00%	—
Current Drawdown Current decline from peak	-2.75%	0.00%	-2.75%
Average Drawdown Average peak-to-trough decline	-1.92%	0.00%	-1.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	0.00%	+2.10%

Volatility

FWRA.L vs. USD=X - Volatility Comparison

Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) has a higher volatility of 3.90% compared to USD Cash (USD=X) at 0.00%. This indicates that FWRA.L's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FWRA.L	USD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	0.00%	+3.90%
Volatility (6M) Calculated over the trailing 6-month period	9.98%	0.00%	+9.98%
Volatility (1Y) Calculated over the trailing 1-year period	12.55%	0.00%	+12.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.63%	0.00%	+13.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.63%	0.00%	+13.63%