IGLS.L vs. FWRG.L
IGLS.L (iShares UK Gilts 0-5yr UCITS ETF GBP (Dist)) and FWRG.L (Invesco FTSE All-World UCITS ETF Acc) are both exchange-traded funds - IGLS.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, while FWRG.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 3 years, IGLS.L returned 4.79%/yr vs 402.39%/yr for FWRG.L. At a 0.04 correlation, their price movements are largely independent. IGLS.L charges 0.07%/yr vs 0.15%/yr for FWRG.L.
Performance
IGLS.L vs. FWRG.L - Performance Comparison
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Different Trading Currencies
IGLS.L is traded in GBP, while FWRG.L is traded in USD. To make them comparable, the FWRG.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, IGLS.L achieves a 0.98% return, which is significantly lower than FWRG.L's 13.88% return.
IGLS.L
- 1D
- 0.06%
- 1M
- 0.79%
- YTD
- 0.98%
- 6M
- 1.40%
- 1Y
- 3.26%
- 3Y*
- 4.79%
- 5Y*
- 1.49%
- 10Y*
- 0.89%
FWRG.L
- 1D
- -0.66%
- 1M
- 2.51%
- YTD
- 13.88%
- 6M
- 14.56%
- 1Y
- 32.84%
- 3Y*
- 402.39%
- 5Y*
- —
- 10Y*
- —
IGLS.L vs. FWRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 0.98% | 5.26% | 2.65% | 5.49% |
FWRG.L Invesco FTSE All-World UCITS ETF Acc | 13.88% | 5.73% | 22.20% | 8,517.88% |
Correlation
The correlation between IGLS.L and FWRG.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.04 |
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Return for Risk
IGLS.L vs. FWRG.L — Risk / Return Rank
IGLS.L
FWRG.L
IGLS.L vs. FWRG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) and Invesco FTSE All-World UCITS ETF Acc (FWRG.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.
| IGLS.L | FWRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.45 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.67 | 4.88 | -3.22 |
| Martin ratioReturn relative to average drawdown | 5.61 | 12.80 | -7.19 |
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Drawdowns
IGLS.L vs. FWRG.L - Drawdown Comparison
The maximum IGLS.L drawdown since its inception was -9.54%, smaller than the maximum FWRG.L drawdown of -22.64%. Use the drawdown chart below to compare losses from any high point for IGLS.L and FWRG.L.
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Drawdown Indicators
| IGLS.L | FWRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.54% | -22.64% | +13.10% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -6.70% | +4.75% |
Max Drawdown (3Y)Largest decline over 3 years | -1.95% | -22.64% | +20.69% |
Max Drawdown (5Y)Largest decline over 5 years | -8.85% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -9.54% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.42% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -1.19% | -4.20% | +3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 2.56% | -1.98% |
Volatility
IGLS.L vs. FWRG.L - Volatility Comparison
The current volatility for iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) (IGLS.L) is 0.50%, while Invesco FTSE All-World UCITS ETF Acc (FWRG.L) has a volatility of 3.93%. This indicates that IGLS.L experiences smaller price fluctuations and is considered to be less risky than FWRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLS.L | FWRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 3.93% | -3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 1.78% | 9.53% | -7.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.98% | 13.01% | -11.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.67% | 4,460.84% | -4,458.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.15% | 4,460.84% | -4,458.69% |
IGLS.L vs. FWRG.L - Expense Ratio Comparison
IGLS.L has a 0.07% expense ratio, which is lower than FWRG.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
IGLS.L vs. FWRG.L - Dividend Comparison
IGLS.L's dividend yield for the trailing twelve months is around 3.96%, while FWRG.L has not paid dividends to shareholders.
| 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% |
IGLS.L iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 3.96% | 3.88% | 3.67% | 1.62% | 0.30% | 0.25% | 0.53% | 0.46% | 0.33% | 0.53% | 0.88% | 0.48% |
Frequently Asked Questions
IGLS.L and FWRG.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IGLS.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IGLS.L is cheaper with a 0.07% expense ratio, compared with 0.15% for FWRG.L.
IGLS.L is categorized as European Government Bonds, while FWRG.L is Global Equities. IGLS.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while FWRG.L tracks FTSE All-World Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.07% for IGLS.L and 0.15% for FWRG.L.
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