IWDA.AS vs. FWRA.L
IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) and FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) are both Global Equities funds - IWDA.AS tracks the MSCI World Index while FWRA.L tracks the FTSE All-World Index. Both are passively managed. Over the past year, IWDA.AS returned 23.22% vs 24.36% for FWRA.L. Their correlation of 0.88 suggests significant overlap in exposure. IWDA.AS charges 0.20%/yr vs 0.15%/yr for FWRA.L.
Performance
IWDA.AS vs. FWRA.L - Performance Comparison
Loading charts...
Different Trading Currencies
IWDA.AS is traded in EUR, while FWRA.L is traded in USD. To make them comparable, the FWRA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with IWDA.AS having a 11.06% return and FWRA.L slightly higher at 11.29%.
IWDA.AS
- 1D
- -0.03%
- 1M
- 3.65%
- YTD
- 11.06%
- 6M
- 11.08%
- 1Y
- 23.22%
- 3Y*
- 17.53%
- 5Y*
- 12.88%
- 10Y*
- 12.81%
FWRA.L
- 1D
- -0.55%
- 1M
- 2.40%
- YTD
- 11.29%
- 6M
- 11.72%
- 1Y
- 24.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWDA.AS vs. FWRA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.06% | 7.08% | 27.23% | 8.30% |
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation | 11.29% | 7.89% | 25.83% | 8.71% |
Correlation
The correlation between IWDA.AS and FWRA.L is 0.89, 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 | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.88 |
The correlation between IWDA.AS and FWRA.L has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IWDA.AS vs. FWRA.L — Risk / Return Rank
IWDA.AS
FWRA.L
IWDA.AS vs. FWRA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) and Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.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.
| IWDA.AS | FWRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | 3.81 | -0.17 |
| Martin ratioReturn relative to average drawdown | 14.53 | 14.46 | +0.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IWDA.AS | FWRA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 1.96 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 1.33 | -0.51 |
Drawdowns
IWDA.AS vs. FWRA.L - Drawdown Comparison
The maximum IWDA.AS drawdown since its inception was -33.63%, which is greater than FWRA.L's maximum drawdown of -19.97%. Use the drawdown chart below to compare losses from any high point for IWDA.AS and FWRA.L.
Loading charts...
Drawdown Indicators
| IWDA.AS | FWRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -19.97% | -13.66% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -6.39% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | -1.94% | +1.60% |
Average DrawdownAverage peak-to-trough decline | -4.25% | -2.51% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.68% | -0.05% |
Volatility
IWDA.AS vs. FWRA.L - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) is 2.62%, while Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) has a volatility of 3.44%. This indicates that IWDA.AS experiences smaller price fluctuations and is considered to be less risky than FWRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IWDA.AS | FWRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 3.44% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 9.38% | -1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.90% | 12.46% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 13.78% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.99% | 13.78% | +1.21% |
IWDA.AS vs. FWRA.L - Expense Ratio Comparison
IWDA.AS has a 0.20% expense ratio, which is higher than FWRA.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IWDA.AS vs. FWRA.L - Dividend Comparison
Neither IWDA.AS nor FWRA.L has paid dividends to shareholders.
Frequently Asked Questions
IWDA.AS and FWRA.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWRA.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWRA.L is cheaper with a 0.15% expense ratio, compared with 0.20% for IWDA.AS.
IWDA.AS tracks MSCI World Index, while FWRA.L tracks FTSE All-World Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for IWDA.AS and 0.15% for FWRA.L.
Find the right allocation for IWDA.AS and FWRA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer