G500.L vs. FTWG.L

Last updated Jul 16, 2026

G500.L (Invesco S&P 500 UCITS ETF (GBP Hdg)) and FTWG.L (Invesco FTSE All-World UCITS ETF USD Dist) are both Global Equities funds from Invesco - G500.L tracks the Invesco S&P 500 UCITS ETF (GBP Hdg) while FTWG.L tracks the FTSE All-World Index. Both are passively managed. Over the past 3 years, G500.L returned 19.63%/yr vs 17.94%/yr for FTWG.L. Their correlation of 0.81 suggests significant overlap in exposure. G500.L charges 0.05%/yr vs 0.15%/yr for FTWG.L.

Performance

G500.L vs. FTWG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) and Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, G500.L achieves a 9.90% return, which is significantly lower than FTWG.L's 10.82% return.

G500.L

• 1D: -0.05%
• 1M: -0.03%
• 6M: 9.49%
• YTD: 9.90%
• 1Y: 21.08%
• 3Y*: 19.63%
• 5Y*: 12.15%
• 10Y*: —

FTWG.L

• 1D: -0.68%
• 1M: -1.15%
• 6M: 9.12%
• YTD: 10.82%
• 1Y: 22.80%
• 3Y*: 17.94%
• 5Y*: —
• 10Y*: —

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

G500.L vs. FTWG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
G500.L Invesco S&P 500 UCITS ETF (GBP Hdg)	9.90%	17.45%	24.98%	10.19%
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist	10.82%	14.12%	19.92%	-13.67%

Correlation

The correlation between G500.L and FTWG.L is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023	0.81

The correlation between G500.L and FTWG.L has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

Return for Risk

G500.L vs. FTWG.L — Risk / Return Rank

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

G500.L

G500.L Risk / Return Rank: 71
G500.L Sharpe Ratio Rank: 70
G500.L Sortino Ratio Rank: 75
G500.L Omega Ratio Rank: 69
G500.L Calmar Ratio Rank: 66
G500.L Martin Ratio Rank: 73

FTWG.L

FTWG.L Risk / Return Rank: 81
FTWG.L Sharpe Ratio Rank: 82
FTWG.L Sortino Ratio Rank: 82
FTWG.L Omega Ratio Rank: 83
FTWG.L Calmar Ratio Rank: 77
FTWG.L Martin Ratio Rank: 81

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.

G500.L vs. FTWG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) and Invesco FTSE All-World UCITS ETF USD Dist (FTWG.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.

	G500.L	FTWG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.81	2.09	-0.28
Sortino ratio: Return per unit of downside risk	2.70	2.92	-0.22
Omega ratio: Gain probability vs. loss probability	1.33	1.39	-0.06
Calmar ratio: Return relative to maximum drawdown	2.65	3.19	-0.54
Martin ratio: Return relative to average drawdown	10.68	12.44	-1.76

G500.L vs. FTWG.L - Sharpe Ratio Comparison

The current G500.L Sharpe Ratio is 1.81, which is comparable to the FTWG.L Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of G500.L and FTWG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

G500.L vs. FTWG.L - Drawdown Comparison

The maximum G500.L drawdown since its inception was -25.20%, which is greater than FTWG.L's maximum drawdown of -22.14%. Use the drawdown chart below to compare losses from any high point for G500.L and FTWG.L.

Drawdown Indicators

	G500.L	FTWG.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.20%	-22.14%	-3.06%
Max Drawdown (1Y) Largest decline over 1 year	-8.21%	-7.11%	-1.10%
Max Drawdown (3Y) Largest decline over 3 years	-18.22%	-17.78%	-0.44%
Max Drawdown (5Y) Largest decline over 5 years	-25.20%	—	—
Current Drawdown Current decline from peak	-0.66%	-1.99%	+1.33%
Average Drawdown Average peak-to-trough decline	-5.31%	-6.53%	+1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	1.83%	+0.21%

Volatility

G500.L vs. FTWG.L - Volatility Comparison

The current volatility for Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) is 2.79%, while Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) has a volatility of 3.21%. This indicates that G500.L experiences smaller price fluctuations and is considered to be less risky than FTWG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	G500.L	FTWG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.79%	3.21%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	9.28%	8.46%	+0.82%
Volatility (1Y) Calculated over the trailing 1-year period	12.06%	10.88%	+1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.99%	16.63%	-0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.87%	16.63%	-0.76%

G500.L vs. FTWG.L - Expense Ratio Comparison

G500.L has a 0.05% expense ratio, which is lower than FTWG.L's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

G500.L vs. FTWG.L - Dividend Comparison

G500.L has not paid dividends to shareholders, while FTWG.L's dividend yield for the trailing twelve months is around 1.26%.

Position	TTM	2025	2024	2023
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist	1.26%	1.34%	1.50%	0.70%
G500.L Invesco S&P 500 UCITS ETF (GBP Hdg)	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both G500.L and FTWG.L in my portfolio?

G500.L and FTWG.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, G500.L or FTWG.L?

On fees, G500.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, G500.L or FTWG.L?

G500.L is cheaper with a 0.05% expense ratio, compared with 0.15% for FTWG.L.

What is the main difference between G500.L and FTWG.L?

G500.L tracks Invesco S&P 500 UCITS ETF (GBP Hdg), while FTWG.L tracks FTSE All-World Index. Their fees differ too: 0.05% for G500.L and 0.15% for FTWG.L.