IS3S.DE vs. PSWD.DE
IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) and PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) are both Global Equities funds - IS3S.DE tracks the MSCI World Enhanced Value while PSWD.DE tracks the FTSE RAFI All-World 3000. Both are passively managed. Over the past 10 years, IS3S.DE returned 12.60%/yr vs 11.86%/yr for PSWD.DE. Their correlation of 0.86 suggests significant overlap in exposure. IS3S.DE charges 0.30%/yr vs 0.39%/yr for PSWD.DE.
Performance
IS3S.DE vs. PSWD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3S.DE achieves a 35.27% return, which is significantly higher than PSWD.DE's 16.46% return. Over the past 10 years, IS3S.DE has outperformed PSWD.DE with an annualized return of 12.60%, while PSWD.DE has yielded a comparatively lower 11.86% annualized return.
IS3S.DE
- 1D
- -0.83%
- 1M
- 11.04%
- YTD
- 35.27%
- 6M
- 38.20%
- 1Y
- 63.38%
- 3Y*
- 26.82%
- 5Y*
- 17.35%
- 10Y*
- 12.60%
PSWD.DE
- 1D
- -0.19%
- 1M
- 3.52%
- YTD
- 16.46%
- 6M
- 17.38%
- 1Y
- 33.03%
- 3Y*
- 18.93%
- 5Y*
- 13.34%
- 10Y*
- 11.86%
IS3S.DE vs. PSWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 35.27% | 25.13% | 11.36% | 15.62% | -4.81% | 30.38% | -12.53% | 22.01% | -10.34% | 7.66% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 16.46% | 14.64% | 17.68% | 12.73% | -3.63% | 31.90% | -3.90% | 26.32% | -9.60% | 5.60% |
Correlation
The correlation between IS3S.DE and PSWD.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2014 | 0.86 |
The correlation between IS3S.DE and PSWD.DE has been stable across timeframes, ranging from 0.86 to 0.91 - a consistent structural relationship.
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Return for Risk
IS3S.DE vs. PSWD.DE — Risk / Return Rank
IS3S.DE
PSWD.DE
IS3S.DE vs. PSWD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) and Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.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.
| IS3S.DE | PSWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.83 | 1.58 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 10.36 | 5.56 | +4.80 |
| Martin ratioReturn relative to average drawdown | 39.01 | 22.39 | +16.62 |
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
| IS3S.DE | PSWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.53 | 3.10 | +1.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | 1.00 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | 0.80 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.68 | +0.01 |
Drawdowns
IS3S.DE vs. PSWD.DE - Drawdown Comparison
The maximum IS3S.DE drawdown since its inception was -35.18%, roughly equal to the maximum PSWD.DE drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for IS3S.DE and PSWD.DE.
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Drawdown Indicators
| IS3S.DE | PSWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.18% | -36.39% | +1.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.09% | -5.89% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -17.80% | -18.19% | +0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -17.80% | -18.19% | +0.39% |
Max Drawdown (10Y)Largest decline over 10 years | -35.18% | -36.39% | +1.21% |
Current DrawdownCurrent decline from peak | -0.83% | -0.31% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -5.82% | -4.65% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.46% | +0.16% |
Volatility
IS3S.DE vs. PSWD.DE - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a higher volatility of 5.62% compared to Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) at 3.08%. This indicates that IS3S.DE's price experiences larger fluctuations and is considered to be riskier than PSWD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3S.DE | PSWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.62% | 3.08% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.32% | 7.86% | +3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.93% | 10.54% | +3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 13.16% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.76% | 15.19% | +0.57% |
IS3S.DE vs. PSWD.DE - Expense Ratio Comparison
IS3S.DE has a 0.30% expense ratio, which is lower than PSWD.DE's 0.39% expense ratio.
Dividends
IS3S.DE vs. PSWD.DE - Dividend Comparison
IS3S.DE has not paid dividends to shareholders, while PSWD.DE's dividend yield for the trailing twelve months is around 1.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 1.75% | 2.03% | 2.27% | 2.48% | 2.66% | 1.92% | 1.98% | 2.37% | 2.56% | 2.06% | 1.97% | 2.02% |
Frequently Asked Questions
IS3S.DE and PSWD.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3S.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3S.DE is cheaper with a 0.30% expense ratio, compared with 0.39% for PSWD.DE.
IS3S.DE tracks MSCI World Enhanced Value, while PSWD.DE tracks FTSE RAFI All-World 3000. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.30% for IS3S.DE and 0.39% for PSWD.DE.
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