IDVY.AS vs. FWRA.L
IDVY.AS (iShares Euro Dividend UCITS ETF) and FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) are both exchange-traded funds - IDVY.AS is a Europe Equities fund tracking the MSCI EMU NR EUR, while FWRA.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, IDVY.AS returned 20.66% vs 24.36% for FWRA.L. At a 0.48 correlation, their price movements are largely independent. IDVY.AS charges 0.40%/yr vs 0.15%/yr for FWRA.L.
Performance
IDVY.AS vs. FWRA.L - Performance Comparison
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Different Trading Currencies
IDVY.AS is traded in EUR, while FWRA.L is traded in USD. To make them comparable, the FWRA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IDVY.AS achieves a 8.21% return, which is significantly lower than FWRA.L's 11.29% return.
IDVY.AS
- 1D
- 0.33%
- 1M
- 2.29%
- YTD
- 8.21%
- 6M
- 10.99%
- 1Y
- 20.66%
- 3Y*
- 20.03%
- 5Y*
- 9.08%
- 10Y*
- 7.33%
FWRA.L
- 1D
- -0.55%
- 1M
- 2.40%
- YTD
- 11.29%
- 6M
- 11.72%
- 1Y
- 24.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IDVY.AS vs. FWRA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IDVY.AS iShares Euro Dividend UCITS ETF | 8.21% | 41.92% | 8.62% | 5.12% |
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation | 11.29% | 7.89% | 25.83% | 8.71% |
Correlation
The correlation between IDVY.AS and FWRA.L is 0.53, 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 | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.48 |
The correlation between IDVY.AS and FWRA.L has been stable across timeframes, ranging from 0.48 to 0.53 - a consistent structural relationship.
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Return for Risk
IDVY.AS vs. FWRA.L — Risk / Return Rank
IDVY.AS
FWRA.L
IDVY.AS vs. FWRA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Euro Dividend UCITS ETF (IDVY.AS) and Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.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.
| IDVY.AS | FWRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 3.81 | -1.20 |
| Martin ratioReturn relative to average drawdown | 8.13 | 14.46 | -6.33 |
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
| IDVY.AS | FWRA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 1.96 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 1.33 | -1.10 |
Drawdowns
IDVY.AS vs. FWRA.L - Drawdown Comparison
The maximum IDVY.AS drawdown since its inception was -71.33%, which is greater than FWRA.L's maximum drawdown of -19.97%. Use the drawdown chart below to compare losses from any high point for IDVY.AS and FWRA.L.
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Drawdown Indicators
| IDVY.AS | FWRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.33% | -19.97% | -51.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.97% | -6.39% | -1.58% |
Max Drawdown (3Y)Largest decline over 3 years | -12.81% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.34% | — | — |
Current DrawdownCurrent decline from peak | -1.42% | -1.94% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -22.54% | -2.51% | -20.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 1.68% | +0.89% |
Volatility
IDVY.AS vs. FWRA.L - Volatility Comparison
iShares Euro Dividend UCITS ETF (IDVY.AS) and Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) have volatilities of 3.54% and 3.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IDVY.AS | FWRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 3.44% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 9.62% | 9.38% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 12.46% | -0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.80% | 13.78% | +1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 13.78% | +3.48% |
IDVY.AS vs. FWRA.L - Expense Ratio Comparison
IDVY.AS has a 0.40% expense ratio, which is higher than FWRA.L's 0.15% expense ratio.
Dividends
IDVY.AS vs. FWRA.L - Dividend Comparison
IDVY.AS's dividend yield for the trailing twelve months is around 3.99%, while FWRA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDVY.AS iShares Euro Dividend UCITS ETF | 3.99% | 4.36% | 5.85% | 5.84% | 5.28% | 3.68% | 3.57% | 4.84% | 4.76% | 3.91% | 3.97% | 4.00% |
Frequently Asked Questions
IDVY.AS and FWRA.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWRA.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWRA.L is cheaper with a 0.15% expense ratio, compared with 0.40% for IDVY.AS.
IDVY.AS is categorized as Europe Equities, while FWRA.L is Global Equities. IDVY.AS tracks MSCI EMU NR EUR, while FWRA.L tracks FTSE All-World Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.40% for IDVY.AS and 0.15% for FWRA.L.
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