IS3T.DE vs. PSWD.DE
IS3T.DE (iShares Edge MSCI World Size Factor UCITS ETF) and PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) are both Global Equities funds - IS3T.DE tracks the MSCI World Mid Cap Equal Weighted while PSWD.DE tracks the FTSE RAFI All-World 3000. Both are passively managed. Over the past 10 years, IS3T.DE returned 7.96%/yr vs 11.86%/yr for PSWD.DE. Their correlation of 0.84 suggests significant overlap in exposure. IS3T.DE charges 0.30%/yr vs 0.39%/yr for PSWD.DE.
Performance
IS3T.DE vs. PSWD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3T.DE achieves a 6.98% return, which is significantly lower than PSWD.DE's 16.46% return. Over the past 10 years, IS3T.DE has underperformed PSWD.DE with an annualized return of 7.96%, while PSWD.DE has yielded a comparatively higher 11.86% annualized return.
IS3T.DE
- 1D
- 0.30%
- 1M
- 0.74%
- YTD
- 6.98%
- 6M
- 8.06%
- 1Y
- 15.24%
- 3Y*
- 11.56%
- 5Y*
- 6.43%
- 10Y*
- 7.96%
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%
IS3T.DE vs. PSWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3T.DE iShares Edge MSCI World Size Factor UCITS ETF | 6.98% | 8.66% | 11.91% | 12.19% | -13.42% | 22.31% | 0.63% | 26.96% | -10.50% | 9.17% |
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 IS3T.DE and PSWD.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2014 | 0.84 |
The correlation between IS3T.DE and PSWD.DE shifts across timeframes, from 0.76 (1 year) to 0.87 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IS3T.DE vs. PSWD.DE — Risk / Return Rank
IS3T.DE
PSWD.DE
IS3T.DE vs. PSWD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Size Factor UCITS ETF (IS3T.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.
| IS3T.DE | PSWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.58 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 5.56 | -3.41 |
| Martin ratioReturn relative to average drawdown | 8.02 | 22.39 | -14.37 |
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
| IS3T.DE | PSWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 3.10 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 1.00 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.80 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.68 | -0.15 |
Drawdowns
IS3T.DE vs. PSWD.DE - Drawdown Comparison
The maximum IS3T.DE drawdown since its inception was -36.87%, roughly equal to the maximum PSWD.DE drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for IS3T.DE and PSWD.DE.
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Drawdown Indicators
| IS3T.DE | PSWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.87% | -36.39% | -0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -7.09% | -5.89% | -1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -18.61% | -18.19% | -0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -18.61% | -18.19% | -0.42% |
Max Drawdown (10Y)Largest decline over 10 years | -36.87% | -36.39% | -0.48% |
Current DrawdownCurrent decline from peak | -0.59% | -0.31% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -5.74% | -4.65% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 1.46% | +0.44% |
Volatility
IS3T.DE vs. PSWD.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Size Factor UCITS ETF (IS3T.DE) is 2.77%, while Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) has a volatility of 3.08%. This indicates that IS3T.DE experiences smaller price fluctuations and is considered to be less risky 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
| IS3T.DE | PSWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 3.08% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 8.61% | 7.86% | +0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 10.54% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 13.16% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.25% | 15.19% | +0.06% |
IS3T.DE vs. PSWD.DE - Expense Ratio Comparison
IS3T.DE has a 0.30% expense ratio, which is lower than PSWD.DE's 0.39% expense ratio.
Dividends
IS3T.DE vs. PSWD.DE - Dividend Comparison
IS3T.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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3T.DE iShares Edge MSCI World Size 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
IS3T.DE and PSWD.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3T.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3T.DE is cheaper with a 0.30% expense ratio, compared with 0.39% for PSWD.DE.
IS3T.DE tracks MSCI World Mid Cap Equal Weighted, 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 IS3T.DE and 0.39% for PSWD.DE.
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