FWRG.L vs. PACW.L
FWRG.L (Invesco FTSE All-World UCITS ETF Acc) and PACW.L (Amundi Prime All Country World UCITS ETF Income) are both Global Equities funds - FWRG.L tracks the FTSE All-World Index while PACW.L tracks the Solactive GBS Global Markets Large & Mid Cap Index. Both are passively managed. Over the past year, FWRG.L returned 30.35% vs 29.76% for PACW.L. Their correlation of 0.80 suggests significant overlap in exposure. FWRG.L charges 0.15%/yr vs 0.07%/yr for PACW.L.
Performance
FWRG.L vs. PACW.L - Performance Comparison
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Different Trading Currencies
FWRG.L is traded in USD, while PACW.L is traded in GBP. To make them comparable, the PACW.L values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with FWRG.L having a 11.97% return and PACW.L slightly lower at 11.69%.
FWRG.L
- 1D
- -0.38%
- 1M
- 5.96%
- YTD
- 11.97%
- 6M
- 12.52%
- 1Y
- 30.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PACW.L
- 1D
- -0.70%
- 1M
- 4.73%
- YTD
- 11.69%
- 6M
- 13.19%
- 1Y
- 29.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FWRG.L vs. PACW.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FWRG.L Invesco FTSE All-World UCITS ETF Acc | 11.97% | 9.37% |
PACW.L Amundi Prime All Country World UCITS ETF Income | 11.69% | 16.91% |
Correlation
The correlation between FWRG.L and PACW.L is 0.78, 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 | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.80 |
The correlation between FWRG.L and PACW.L has been stable across timeframes, ranging from 0.78 to 0.80 - a consistent structural relationship.
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Return for Risk
FWRG.L vs. PACW.L — Risk / Return Rank
FWRG.L
PACW.L
FWRG.L vs. PACW.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 Amundi Prime All Country World UCITS ETF Income (PACW.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 | PACW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.46 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.23 | 3.24 | +0.99 |
| Martin ratioReturn relative to average drawdown | 17.11 | 14.07 | +3.04 |
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 | PACW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.93 | 2.51 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.51 | 1.50 | 0.00 |
Drawdowns
FWRG.L vs. PACW.L - Drawdown Comparison
The maximum FWRG.L drawdown since its inception was -18.88%, which is greater than PACW.L's maximum drawdown of -16.93%. Use the drawdown chart below to compare losses from any high point for FWRG.L and PACW.L.
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Drawdown Indicators
| FWRG.L | PACW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.88% | -16.93% | -1.95% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -9.14% | +2.00% |
Current DrawdownCurrent decline from peak | -0.38% | -0.70% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -1.98% | -0.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 2.11% | -0.34% |
Volatility
FWRG.L vs. PACW.L - Volatility Comparison
The current volatility for Invesco FTSE All-World UCITS ETF Acc (FWRG.L) is 2.96%, while Amundi Prime All Country World UCITS ETF Income (PACW.L) has a volatility of 3.36%. This indicates that FWRG.L experiences smaller price fluctuations and is considered to be less risky than PACW.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 | PACW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 3.36% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 7.69% | 9.15% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.33% | 11.81% | -1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.41% | 15.35% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.41% | 15.35% | -2.94% |
FWRG.L vs. PACW.L - Expense Ratio Comparison
FWRG.L has a 0.15% expense ratio, which is higher than PACW.L's 0.07% 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. PACW.L - Dividend Comparison
FWRG.L has not paid dividends to shareholders, while PACW.L's dividend yield for the trailing twelve months is around 1.23%.
| Position | TTM |
|---|---|
FWRG.L Invesco FTSE All-World UCITS ETF Acc | 0.00% |
PACW.L Amundi Prime All Country World UCITS ETF Income | 1.23% |
Frequently Asked Questions
FWRG.L and PACW.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PACW.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PACW.L is cheaper with a 0.07% expense ratio, compared with 0.15% for FWRG.L.
FWRG.L tracks FTSE All-World Index, while PACW.L tracks Solactive GBS Global Markets Large & Mid Cap Index. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.15% for FWRG.L and 0.07% for PACW.L.
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