FWRG.L vs. V

Last updated Jun 9, 2026

FWRG.L (Invesco FTSE All-World UCITS ETF Acc) is Global Equities fund tracking the FTSE All-World Index, while V (Visa Inc.) is a stock. Over the past year, FWRG.L returned 27.47% vs -12.97% for V. At a 0.19 correlation, their price movements are largely independent.

Performance

FWRG.L vs. V - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco FTSE All-World UCITS ETF Acc (FWRG.L) and Visa Inc. (V). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FWRG.L achieves a 10.38% return, which is significantly higher than V's -8.47% return.

FWRG.L

• 1D: -0.23%
• 1M: 2.45%
• YTD: 10.38%
• 6M: 10.61%
• 1Y: 27.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

V

• 1D: -1.21%
• 1M: 0.48%
• YTD: -8.47%
• 6M: -1.79%
• 1Y: -12.97%
• 3Y*: 13.52%
• 5Y*: 7.39%
• 10Y*: 15.64%

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

FWRG.L vs. V - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FWRG.L Invesco FTSE All-World UCITS ETF Acc	10.38%	13.84%	20.11%	8,531.38%
V Visa Inc.	-8.47%	11.76%	22.32%	13.87%

Correlation

The correlation between FWRG.L and V is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023	0.19

Return for Risk

FWRG.L vs. V — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FWRG.L

FWRG.L Risk / Return Rank: 86
FWRG.L Sharpe Ratio Rank: 88
FWRG.L Sortino Ratio Rank: 88
FWRG.L Omega Ratio Rank: 88
FWRG.L Calmar Ratio Rank: 81
FWRG.L Martin Ratio Rank: 83

V

V Risk / Return Rank: 17
V Sharpe Ratio Rank: 16
V Sortino Ratio Rank: 16
V Omega Ratio Rank: 17
V Calmar Ratio Rank: 18
V Martin Ratio Rank: 16

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.

FWRG.L vs. V - 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 Visa Inc. (V). 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	V	Difference
Sharpe ratio: Return per unit of total volatility	2.64	-0.58	+3.22
Sortino ratio: Return per unit of downside risk	3.67	-0.72	+4.39
Omega ratio: Gain probability vs. loss probability	1.50	0.91	+0.59
Calmar ratio: Return relative to maximum drawdown	3.83	-0.64	+4.47
Martin ratio: Return relative to average drawdown	15.43	-1.18	+16.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FWRG.L vs. V - Sharpe Ratio Comparison

The current FWRG.L Sharpe Ratio is 2.64, which is higher than the V Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of FWRG.L and V, 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

	FWRG.L	V	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	-0.58	+3.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.33	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.69	-0.60

Drawdowns

FWRG.L vs. V - Drawdown Comparison

The maximum FWRG.L drawdown since its inception was -18.87%, smaller than the maximum V drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for FWRG.L and V.

Drawdown Indicators

	FWRG.L	V	Difference
Max Drawdown Largest peak-to-trough decline	-18.87%	-51.90%	+33.03%
Max Drawdown (1Y) Largest decline over 1 year	-7.14%	-20.38%	+13.24%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.60%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.36%	—
Current Drawdown Current decline from peak	-1.80%	-13.69%	+11.89%
Average Drawdown Average peak-to-trough decline	-2.26%	-8.26%	+6.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	11.03%	-9.25%

Volatility

FWRG.L vs. V - Volatility Comparison

The current volatility for Invesco FTSE All-World UCITS ETF Acc (FWRG.L) is 3.01%, while Visa Inc. (V) has a volatility of 5.74%. This indicates that FWRG.L experiences smaller price fluctuations and is considered to be less risky than V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FWRG.L	V	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	5.74%	-2.73%
Volatility (6M) Calculated over the trailing 6-month period	7.77%	17.50%	-9.73%
Volatility (1Y) Calculated over the trailing 1-year period	10.39%	22.32%	-11.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4,499.48%	22.80%	+4,476.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4,499.48%	24.47%	+4,475.01%

Dividends

FWRG.L vs. V - Dividend Comparison

FWRG.L has not paid dividends to shareholders, while V's dividend yield for the trailing twelve months is around 0.81%.

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%
V Visa Inc.	0.81%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Frequently Asked Questions

Can I hold both FWRG.L and V in my portfolio?

FWRG.L and V have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.