IVAI.DE vs. FWEA.DE

Last updated Jun 5, 2026

IVAI.DE (Invesco Artificial Intelligence Enablers UCITS ETF) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - IVAI.DE is a Technology Equities fund tracking the S&P Kensho Global Artificial Intelligence Enablers Screened Index, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, IVAI.DE returned 71.74% vs 25.98% for FWEA.DE. A 0.70 correlation means they provide meaningful diversification when combined. IVAI.DE charges 0.35%/yr vs 0.20%/yr for FWEA.DE.

Performance

IVAI.DE vs. FWEA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco Artificial Intelligence Enablers UCITS ETF (IVAI.DE) and Invesco FTSE All-World UCITS ETF (FWEA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IVAI.DE achieves a 38.56% return, which is significantly higher than FWEA.DE's 10.64% return.

IVAI.DE

• 1D: -0.91%
• 1M: 19.08%
• YTD: 38.56%
• 6M: 34.01%
• 1Y: 71.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FWEA.DE

• 1D: -0.24%
• 1M: 2.84%
• YTD: 10.64%
• 6M: 11.58%
• 1Y: 25.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IVAI.DE vs. FWEA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IVAI.DE Invesco Artificial Intelligence Enablers UCITS ETF	38.56%	15.37%	6.83%
FWEA.DE Invesco FTSE All-World UCITS ETF	10.64%	17.53%	0.84%

Correlation

The correlation between IVAI.DE and FWEA.DE is 0.66, 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	0.66
Correlation (All Time) Calculated using the full available price history since Oct 30, 2024	0.70

The correlation between IVAI.DE and FWEA.DE has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.

Return for Risk

IVAI.DE vs. FWEA.DE — Risk / Return Rank

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

IVAI.DE

IVAI.DE Risk / Return Rank: 59
IVAI.DE Sharpe Ratio Rank: 63
IVAI.DE Sortino Ratio Rank: 61
IVAI.DE Omega Ratio Rank: 67
IVAI.DE Calmar Ratio Rank: 63
IVAI.DE Martin Ratio Rank: 39

FWEA.DE

FWEA.DE Risk / Return Rank: 72
FWEA.DE Sharpe Ratio Rank: 71
FWEA.DE Sortino Ratio Rank: 76
FWEA.DE Omega Ratio Rank: 73
FWEA.DE Calmar Ratio Rank: 65
FWEA.DE Martin Ratio Rank: 73

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.

IVAI.DE vs. FWEA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Artificial Intelligence Enablers UCITS ETF (IVAI.DE) and Invesco FTSE All-World UCITS ETF (FWEA.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.

	IVAI.DE	FWEA.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.08	2.30	-0.22
Sortino ratio: Return per unit of downside risk	2.84	3.38	-0.54
Omega ratio: Gain probability vs. loss probability	1.39	1.43	-0.03
Calmar ratio: Return relative to maximum drawdown	3.09	3.18	-0.08
Martin ratio: Return relative to average drawdown	5.91	13.52	-7.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IVAI.DE vs. FWEA.DE - Sharpe Ratio Comparison

The current IVAI.DE Sharpe Ratio is 2.08, which is comparable to the FWEA.DE Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of IVAI.DE and FWEA.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IVAI.DE	FWEA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	2.30	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	1.51	-0.41

Drawdowns

IVAI.DE vs. FWEA.DE - Drawdown Comparison

The maximum IVAI.DE drawdown since its inception was -34.16%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for IVAI.DE and FWEA.DE.

Drawdown Indicators

	IVAI.DE	FWEA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-34.16%	-17.48%	-16.68%
Max Drawdown (1Y) Largest decline over 1 year	-23.74%	-8.28%	-15.46%
Current Drawdown Current decline from peak	-3.53%	-0.81%	-2.72%
Average Drawdown Average peak-to-trough decline	-11.30%	-1.86%	-9.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.45%	1.95%	+10.50%

Volatility

IVAI.DE vs. FWEA.DE - Volatility Comparison

Invesco Artificial Intelligence Enablers UCITS ETF (IVAI.DE) has a higher volatility of 11.14% compared to Invesco FTSE All-World UCITS ETF (FWEA.DE) at 3.36%. This indicates that IVAI.DE's price experiences larger fluctuations and is considered to be riskier than FWEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IVAI.DE	FWEA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.14%	3.36%	+7.78%
Volatility (6M) Calculated over the trailing 6-month period	20.25%	8.93%	+11.32%
Volatility (1Y) Calculated over the trailing 1-year period	35.34%	11.45%	+23.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.39%	12.72%	+23.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.39%	12.72%	+23.67%

IVAI.DE vs. FWEA.DE - Expense Ratio Comparison

IVAI.DE has a 0.35% expense ratio, which is higher than FWEA.DE's 0.20% expense ratio.

Dividends

IVAI.DE vs. FWEA.DE - Dividend Comparison

Neither IVAI.DE nor FWEA.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IVAI.DE and FWEA.DE in my portfolio?

IVAI.DE and FWEA.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IVAI.DE or FWEA.DE?

On fees, FWEA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IVAI.DE or FWEA.DE?

FWEA.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for IVAI.DE.

What is the main difference between IVAI.DE and FWEA.DE?

IVAI.DE is categorized as Technology Equities, while FWEA.DE is Global Equities. IVAI.DE tracks S&P Kensho Global Artificial Intelligence Enablers Screened Index, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.35% for IVAI.DE and 0.20% for FWEA.DE.