FWRG.L vs. LGUS.L
FWRG.L (Invesco FTSE All-World UCITS ETF Acc) and LGUS.L (L&G US Equity UCITS ETF) are both Global Equities funds - FWRG.L tracks the FTSE All-World Index while LGUS.L tracks the L&G US Equity UCITS ETF. Both are passively managed. Over the past 3 years, FWRG.L returned 17.95%/yr vs 20.40%/yr for LGUS.L. A 0.80 correlation means they provide meaningful diversification when combined. FWRG.L charges 0.15%/yr vs 0.05%/yr for LGUS.L.
Performance
FWRG.L vs. LGUS.L - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with FWRG.L having a 10.88% return and LGUS.L slightly lower at 10.34%.
FWRG.L
- 1D
- -0.63%
- 1M
- -1.13%
- 6M
- 9.15%
- YTD
- 10.88%
- 1Y
- 22.81%
- 3Y*
- 17.95%
- 5Y*
- —
- 10Y*
- —
LGUS.L
- 1D
- 0.00%
- 1M
- 0.20%
- 6M
- 9.90%
- YTD
- 10.34%
- 1Y
- 21.64%
- 3Y*
- 20.40%
- 5Y*
- 12.82%
- 10Y*
- —
FWRG.L vs. LGUS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FWRG.L Invesco FTSE All-World UCITS ETF Acc | 10.88% | 13.84% | 20.11% | 8,531.38% |
LGUS.L L&G US Equity UCITS ETF | 10.34% | 17.98% | 25.09% | 11.57% |
Correlation
The correlation between FWRG.L and LGUS.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.80 |
The correlation between FWRG.L and LGUS.L has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FWRG.L vs. LGUS.L — Risk / Return Rank
FWRG.L
LGUS.L
FWRG.L vs. LGUS.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 L&G US Equity UCITS ETF (LGUS.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.
| FWRG.L | LGUS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.32 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.18 | 2.59 | +0.59 |
| Martin ratioReturn relative to average drawdown | 12.26 | 9.99 | +2.28 |
Loading charts...
Drawdowns
FWRG.L vs. LGUS.L - Drawdown Comparison
The maximum FWRG.L drawdown since its inception was -18.87%, smaller than the maximum LGUS.L drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for FWRG.L and LGUS.L.
Loading charts...
Drawdown Indicators
| FWRG.L | LGUS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.87% | -34.26% | +15.39% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -8.58% | +1.44% |
Max Drawdown (3Y)Largest decline over 3 years | -18.87% | -19.46% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.64% | — |
Current DrawdownCurrent decline from peak | -2.11% | -0.49% | -1.62% |
Average DrawdownAverage peak-to-trough decline | -2.23% | -5.30% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.86% | 2.23% | -0.37% |
Volatility
FWRG.L vs. LGUS.L - Volatility Comparison
Invesco FTSE All-World UCITS ETF Acc (FWRG.L) has a higher volatility of 3.13% compared to L&G US Equity UCITS ETF (LGUS.L) at 2.86%. This indicates that FWRG.L's price experiences larger fluctuations and is considered to be riskier than LGUS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FWRG.L | LGUS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 2.86% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 8.52% | 9.41% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.92% | 12.47% | -1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4,417.24% | 16.51% | +4,400.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4,417.24% | 18.10% | +4,399.14% |
FWRG.L vs. LGUS.L - Expense Ratio Comparison
FWRG.L has a 0.15% expense ratio, which is higher than LGUS.L's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FWRG.L vs. LGUS.L - Dividend Comparison
Neither FWRG.L nor LGUS.L has paid dividends to shareholders.
Frequently Asked Questions
FWRG.L and LGUS.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LGUS.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LGUS.L is cheaper with a 0.05% expense ratio, compared with 0.15% for FWRG.L.
FWRG.L tracks FTSE All-World Index, while LGUS.L tracks L&G US Equity UCITS ETF. They also come from different issuers: Invesco and L&G. Their fees differ too: 0.15% for FWRG.L and 0.05% for LGUS.L.
Find the right allocation for FWRG.L and LGUS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer