IVAI.DE vs. FWIA.DE
IVAI.DE (Invesco Artificial Intelligence Enablers UCITS ETF) and FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) are both exchange-traded funds - IVAI.DE is a Technology Equities fund tracking the S&P Kensho Global Artificial Intelligence Enablers Screened Index, while FWIA.DE is a Global Equities fund tracking the FTSE All-World. Both are passively managed. Over the past year, IVAI.DE returned 71.74% vs 26.39% for FWIA.DE. A 0.76 correlation means they provide meaningful diversification when combined. IVAI.DE charges 0.35%/yr vs 0.15%/yr for FWIA.DE.
Performance
IVAI.DE vs. FWIA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IVAI.DE achieves a 38.56% return, which is significantly higher than FWIA.DE's 12.60% return.
IVAI.DE
- 1D
- -0.91%
- 1M
- 19.08%
- YTD
- 38.56%
- 6M
- 34.01%
- 1Y
- 71.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FWIA.DE
- 1D
- -0.22%
- 1M
- 3.67%
- YTD
- 12.60%
- 6M
- 12.82%
- 1Y
- 26.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVAI.DE vs. FWIA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IVAI.DE Invesco Artificial Intelligence Enablers UCITS ETF | 38.56% | 15.37% | 6.83% |
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 12.60% | 9.02% | 3.22% |
Correlation
The correlation between IVAI.DE and FWIA.DE is 0.74, 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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2024 | 0.76 |
The correlation between IVAI.DE and FWIA.DE has been stable across timeframes, ranging from 0.74 to 0.76 - a consistent structural relationship.
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Return for Risk
IVAI.DE vs. FWIA.DE — Risk / Return Rank
IVAI.DE
FWIA.DE
IVAI.DE vs. FWIA.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 Acc (FWIA.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 | FWIA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.44 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 4.08 | -0.99 |
| Martin ratioReturn relative to average drawdown | 5.91 | 16.52 | -10.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IVAI.DE | FWIA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 2.36 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.10 | 1.40 | -0.30 |
Drawdowns
IVAI.DE vs. FWIA.DE - Drawdown Comparison
The maximum IVAI.DE drawdown since its inception was -34.16%, which is greater than FWIA.DE's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for IVAI.DE and FWIA.DE.
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Drawdown Indicators
| IVAI.DE | FWIA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -20.96% | -13.20% |
Max Drawdown (1Y)Largest decline over 1 year | -23.74% | -6.49% | -17.25% |
Current DrawdownCurrent decline from peak | -3.53% | -0.62% | -2.91% |
Average DrawdownAverage peak-to-trough decline | -11.30% | -2.44% | -8.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.45% | 1.60% | +10.85% |
Volatility
IVAI.DE vs. FWIA.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 Acc (FWIA.DE) at 2.96%. This indicates that IVAI.DE's price experiences larger fluctuations and is considered to be riskier than FWIA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVAI.DE | FWIA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.14% | 2.96% | +8.18% |
Volatility (6M)Calculated over the trailing 6-month period | 20.25% | 8.09% | +12.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.34% | 11.22% | +24.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.39% | 13.18% | +23.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.39% | 13.18% | +23.21% |
IVAI.DE vs. FWIA.DE - Expense Ratio Comparison
IVAI.DE has a 0.35% expense ratio, which is higher than FWIA.DE's 0.15% expense ratio.
Dividends
IVAI.DE vs. FWIA.DE - Dividend Comparison
Neither IVAI.DE nor FWIA.DE has paid dividends to shareholders.
Frequently Asked Questions
IVAI.DE and FWIA.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWIA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWIA.DE is cheaper with a 0.15% expense ratio, compared with 0.35% for IVAI.DE.
IVAI.DE is categorized as Technology Equities, while FWIA.DE is Global Equities. IVAI.DE tracks S&P Kensho Global Artificial Intelligence Enablers Screened Index, while FWIA.DE tracks FTSE All-World. Their fees differ too: 0.35% for IVAI.DE and 0.15% for FWIA.DE.
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