FWRA.L vs. WDEE.L

Last updated Jun 5, 2026

FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) and WDEE.L (Invesco S&P World Energy Targeted & Screened UCITS ETF Acc) are both exchange-traded funds - FWRA.L is a Global Equities fund tracking the FTSE All-World Index, while WDEE.L is a Energy Equities fund tracking the S&P World Energy Targeted & Screened Index. Both are passively managed. Over the past year, FWRA.L returned 28.82% vs 39.55% for WDEE.L. At a 0.27 correlation, their price movements are largely independent. FWRA.L charges 0.15%/yr vs 0.18%/yr for WDEE.L.

Performance

FWRA.L vs. WDEE.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 Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FWRA.L achieves a 11.59% return, which is significantly lower than WDEE.L's 29.98% return.

FWRA.L

• 1D: -0.13%
• 1M: 4.28%
• YTD: 11.59%
• 6M: 13.01%
• 1Y: 28.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WDEE.L

• 1D: -0.74%
• 1M: -2.06%
• YTD: 29.98%
• 6M: 27.20%
• 1Y: 39.55%
• 3Y*: 18.95%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation	11.59%	22.37%	18.07%	9.23%
WDEE.L Invesco S&P World Energy Targeted & Screened UCITS ETF Acc	29.98%	9.01%	4.02%	12.81%

Correlation

The correlation between FWRA.L and WDEE.L is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023	0.27

The correlation between FWRA.L and WDEE.L shifts across timeframes, from -0.08 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FWRA.L vs. WDEE.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: 73
FWRA.L Sharpe Ratio Rank: 72
FWRA.L Sortino Ratio Rank: 78
FWRA.L Omega Ratio Rank: 73
FWRA.L Calmar Ratio Rank: 66
FWRA.L Martin Ratio Rank: 74

WDEE.L

WDEE.L Risk / Return Rank: 66
WDEE.L Sharpe Ratio Rank: 65
WDEE.L Sortino Ratio Rank: 60
WDEE.L Omega Ratio Rank: 60
WDEE.L Calmar Ratio Rank: 80
WDEE.L Martin Ratio Rank: 67

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. WDEE.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 Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.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	WDEE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.12	+0.20
Sortino ratio: Return per unit of downside risk	3.44	2.77	+0.67
Omega ratio: Gain probability vs. loss probability	1.43	1.36	+0.07
Calmar ratio: Return relative to maximum drawdown	3.27	4.08	-0.81
Martin ratio: Return relative to average drawdown	13.70	12.10	+1.60
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. WDEE.L - Sharpe Ratio Comparison

The current FWRA.L Sharpe Ratio is 2.32, which is comparable to the WDEE.L Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of FWRA.L and WDEE.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	WDEE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	2.12	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	1.56	0.83	+0.73

Drawdowns

FWRA.L vs. WDEE.L - Drawdown Comparison

The maximum FWRA.L drawdown since its inception was -16.60%, smaller than the maximum WDEE.L drawdown of -18.54%. Use the drawdown chart below to compare losses from any high point for FWRA.L and WDEE.L.

Drawdown Indicators

	FWRA.L	WDEE.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.60%	-18.54%	+1.94%
Max Drawdown (1Y) Largest decline over 1 year	-8.74%	-9.64%	+0.90%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.54%	—
Current Drawdown Current decline from peak	-0.77%	-3.78%	+3.01%
Average Drawdown Average peak-to-trough decline	-1.93%	-3.85%	+1.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.09%	3.26%	-1.17%

Volatility

FWRA.L vs. WDEE.L - Volatility Comparison

The current volatility for Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) is 3.80%, while Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L) has a volatility of 6.83%. This indicates that FWRA.L experiences smaller price fluctuations and is considered to be less risky than WDEE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FWRA.L	WDEE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	6.83%	-3.03%
Volatility (6M) Calculated over the trailing 6-month period	9.86%	15.31%	-5.45%
Volatility (1Y) Calculated over the trailing 1-year period	12.32%	18.58%	-6.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.52%	19.10%	-5.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.52%	19.10%	-5.58%

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

FWRA.L has a 0.15% expense ratio, which is lower than WDEE.L's 0.18% 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. WDEE.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

FWRA.L and WDEE.L have a correlation of -0.08, 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 WDEE.L?

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.

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

FWRA.L is cheaper with a 0.15% expense ratio, compared with 0.18% for WDEE.L.

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

FWRA.L is categorized as Global Equities, while WDEE.L is Energy Equities. FWRA.L tracks FTSE All-World Index, while WDEE.L tracks S&P World Energy Targeted & Screened Index. Their fees differ too: 0.15% for FWRA.L and 0.18% for WDEE.L.