FWRG.L vs. RHM.DE
FWRG.L (Invesco FTSE All-World UCITS ETF Acc) is Global Equities fund tracking the FTSE All-World Index, while RHM.DE (Rheinmetall AG) is a stock. Over the past year, FWRG.L returned 27.51% vs -30.42% for RHM.DE. At a 0.19 correlation, their price movements are largely independent.
Performance
FWRG.L vs. RHM.DE - Performance Comparison
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Different Trading Currencies
FWRG.L is traded in USD, while RHM.DE is traded in EUR. To make them comparable, the RHM.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FWRG.L achieves a 10.64% return, which is significantly higher than RHM.DE's -23.20% return.
FWRG.L
- 1D
- 1.78%
- 1M
- 1.72%
- YTD
- 10.64%
- 6M
- 11.30%
- 1Y
- 27.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RHM.DE
- 1D
- -1.29%
- 1M
- 6.14%
- YTD
- -23.20%
- 6M
- -25.88%
- 1Y
- -30.42%
- 3Y*
- 74.89%
- 5Y*
- 70.12%
- 10Y*
- 38.99%
FWRG.L vs. RHM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FWRG.L Invesco FTSE All-World UCITS ETF Acc | 10.64% | 13.84% | 20.11% | 8,531.38% |
RHM.DE Rheinmetall AG | -23.20% | 188.18% | 104.13% | 13.66% |
Correlation
The correlation between FWRG.L and RHM.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.19 |
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Return for Risk
FWRG.L vs. RHM.DE — Risk / Return Rank
FWRG.L
RHM.DE
FWRG.L vs. RHM.DE - 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 Rheinmetall AG (RHM.DE). 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 | RHM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.25 | ||
| Sortino ratioReturn per unit of downside risk | +4.34 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 0.91 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | -0.70 | +4.53 |
| Martin ratioReturn relative to average drawdown | 15.15 | -1.51 | +16.66 |
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Drawdowns
FWRG.L vs. RHM.DE - Drawdown Comparison
The maximum FWRG.L drawdown since its inception was -18.87%, smaller than the maximum RHM.DE drawdown of -78.19%. Use the drawdown chart below to compare losses from any high point for FWRG.L and RHM.DE.
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Drawdown Indicators
| FWRG.L | RHM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.87% | -78.19% | +59.32% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -43.61% | +36.47% |
Max Drawdown (3Y)Largest decline over 3 years | — | -43.61% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.25% | — |
Current DrawdownCurrent decline from peak | -1.57% | -39.60% | +38.03% |
Average DrawdownAverage peak-to-trough decline | -2.26% | -23.94% | +21.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 20.10% | -18.29% |
Volatility
FWRG.L vs. RHM.DE - Volatility Comparison
The current volatility for Invesco FTSE All-World UCITS ETF Acc (FWRG.L) is 3.65%, while Rheinmetall AG (RHM.DE) has a volatility of 11.77%. This indicates that FWRG.L experiences smaller price fluctuations and is considered to be less risky than RHM.DE 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 | RHM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 11.77% | -8.12% |
Volatility (6M)Calculated over the trailing 6-month period | 8.11% | 34.25% | -26.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.63% | 45.54% | -34.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4,484.46% | 42.88% | +4,441.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4,484.46% | 38.75% | +4,445.71% |
Dividends
FWRG.L vs. RHM.DE - Dividend Comparison
FWRG.L has not paid dividends to shareholders, while RHM.DE's dividend yield for the trailing twelve months is around 0.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWRG.L Invesco FTSE All-World UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RHM.DE Rheinmetall AG | 0.95% | 0.52% | 0.93% | 1.50% | 1.77% | 2.41% | 2.77% | 2.05% | 2.20% | 1.37% | 1.72% | 0.49% |
Frequently Asked Questions
FWRG.L and RHM.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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