FWRG.L vs. FTWD.L
FWRG.L (Invesco FTSE All-World UCITS ETF Acc) and FTWD.L (Invesco FTSE All-World UCITS ETF Dist) are both Global Equities funds from Invesco tracking the FTSE All-World Index. Both are passively managed. Over the past year, FWRG.L returned 30.35% vs 29.73% for FTWD.L. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.15% expense ratio.
Performance
FWRG.L vs. FTWD.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FWRG.L having a 11.97% return and FTWD.L slightly lower at 11.83%.
FWRG.L
- 1D
- -0.38%
- 1M
- 5.96%
- YTD
- 11.97%
- 6M
- 12.52%
- 1Y
- 30.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTWD.L
- 1D
- -0.56%
- 1M
- 4.59%
- YTD
- 11.83%
- 6M
- 13.61%
- 1Y
- 29.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FWRG.L vs. FTWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FWRG.L Invesco FTSE All-World UCITS ETF Acc | 11.97% | 13.84% | 20.11% | 8.08% |
FTWD.L Invesco FTSE All-World UCITS ETF Dist | 11.83% | 22.55% | 17.90% | 8.37% |
Correlation
The correlation between FWRG.L and FTWD.L is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.78 |
The correlation between FWRG.L and FTWD.L has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.
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Return for Risk
FWRG.L vs. FTWD.L — Risk / Return Rank
FWRG.L
FTWD.L
FWRG.L vs. FTWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All-World UCITS ETF Acc (FWRG.L) and Invesco FTSE All-World UCITS ETF Dist (FTWD.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.
| FWRG.L | FTWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.45 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.23 | 3.40 | +0.84 |
| Martin ratioReturn relative to average drawdown | 17.11 | 14.20 | +2.91 |
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
| FWRG.L | FTWD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.93 | 2.41 | +0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.51 | 1.54 | -0.04 |
Drawdowns
FWRG.L vs. FTWD.L - Drawdown Comparison
The maximum FWRG.L drawdown since its inception was -18.88%, which is greater than FTWD.L's maximum drawdown of -16.68%. Use the drawdown chart below to compare losses from any high point for FWRG.L and FTWD.L.
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Drawdown Indicators
| FWRG.L | FTWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.88% | -16.68% | -2.20% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -8.72% | +1.58% |
Current DrawdownCurrent decline from peak | -0.38% | -0.56% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -1.92% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 2.09% | -0.32% |
Volatility
FWRG.L vs. FTWD.L - Volatility Comparison
The current volatility for Invesco FTSE All-World UCITS ETF Acc (FWRG.L) is 2.96%, while Invesco FTSE All-World UCITS ETF Dist (FTWD.L) has a volatility of 3.94%. This indicates that FWRG.L experiences smaller price fluctuations and is considered to be less risky than FTWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FWRG.L | FTWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 3.94% | -0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 7.69% | 9.63% | -1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.33% | 12.31% | -1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.41% | 13.62% | -1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.41% | 13.62% | -1.21% |
FWRG.L vs. FTWD.L - Expense Ratio Comparison
Both FWRG.L and FTWD.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
FWRG.L vs. FTWD.L - Dividend Comparison
FWRG.L has not paid dividends to shareholders, while FTWD.L's dividend yield for the trailing twelve months is around 1.22%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FTWD.L Invesco FTSE All-World UCITS ETF Dist | 1.22% | 1.34% | 1.53% | 0.69% |
FWRG.L Invesco FTSE All-World UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FWRG.L and FTWD.L have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FWRG.L and FTWD.L have the same expense ratio: 0.15% per year.
Both ETFs track FTSE All-World Index.
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