KAP.L vs. FWRG.L

Last updated Jun 4, 2026

KAP.L (National Atomic Co Kazatomprom JSC ADR) is a stock, while FWRG.L (Invesco FTSE All-World UCITS ETF Acc) is Global Equities fund tracking the FTSE All-World Index. Over the past year, KAP.L returned 98.38% vs 30.35% for FWRG.L. At a 0.22 correlation, their price movements are largely independent.

Performance

KAP.L vs. FWRG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in National Atomic Co Kazatomprom JSC ADR (KAP.L) and Invesco FTSE All-World UCITS ETF Acc (FWRG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KAP.L achieves a 33.15% return, which is significantly higher than FWRG.L's 11.97% return.

KAP.L

• 1D: 1.36%
• 1M: -14.60%
• YTD: 33.15%
• 6M: 27.23%
• 1Y: 98.38%
• 3Y*: 49.74%
• 5Y*: 27.43%
• 10Y*: —

FWRG.L

• 1D: -0.38%
• 1M: 5.96%
• YTD: 11.97%
• 6M: 12.52%
• 1Y: 30.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KAP.L vs. FWRG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KAP.L National Atomic Co Kazatomprom JSC ADR	33.15%	55.89%	-1.79%	63.17%
FWRG.L Invesco FTSE All-World UCITS ETF Acc	11.97%	13.84%	20.11%	8.08%

Correlation

The correlation between KAP.L and FWRG.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023	0.22

Return for Risk

KAP.L vs. FWRG.L — Risk / Return Rank

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

KAP.L

KAP.L Risk / Return Rank: 86
KAP.L Sharpe Ratio Rank: 88
KAP.L Sortino Ratio Rank: 84
KAP.L Omega Ratio Rank: 83
KAP.L Calmar Ratio Rank: 86
KAP.L Martin Ratio Rank: 90

FWRG.L

FWRG.L Risk / Return Rank: 85
FWRG.L Sharpe Ratio Rank: 87
FWRG.L Sortino Ratio Rank: 87
FWRG.L Omega Ratio Rank: 88
FWRG.L Calmar Ratio Rank: 80
FWRG.L Martin Ratio Rank: 83

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.

KAP.L vs. FWRG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for National Atomic Co Kazatomprom JSC ADR (KAP.L) and Invesco FTSE All-World UCITS ETF Acc (FWRG.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.

	KAP.L	FWRG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.08	2.93	-0.85
Sortino ratio: Return per unit of downside risk	2.67	4.06	-1.39
Omega ratio: Gain probability vs. loss probability	1.34	1.56	-0.22
Calmar ratio: Return relative to maximum drawdown	3.85	4.23	-0.39
Martin ratio: Return relative to average drawdown	12.43	17.11	-4.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KAP.L vs. FWRG.L - Sharpe Ratio Comparison

The current KAP.L Sharpe Ratio is 2.08, which is comparable to the FWRG.L Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of KAP.L and FWRG.L, 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

	KAP.L	FWRG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.08	2.93	-0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	1.51	-0.70

Drawdowns

KAP.L vs. FWRG.L - Drawdown Comparison

The maximum KAP.L drawdown since its inception was -49.67%, which is greater than FWRG.L's maximum drawdown of -18.88%. Use the drawdown chart below to compare losses from any high point for KAP.L and FWRG.L.

Drawdown Indicators

	KAP.L	FWRG.L	Difference
Max Drawdown Largest peak-to-trough decline	-49.67%	-18.88%	-30.79%
Max Drawdown (1Y) Largest decline over 1 year	-25.44%	-7.14%	-18.30%
Max Drawdown (3Y) Largest decline over 3 years	-33.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-49.67%	—	—
Current Drawdown Current decline from peak	-18.53%	-0.38%	-18.15%
Average Drawdown Average peak-to-trough decline	-14.99%	-2.28%	-12.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.89%	1.77%	+6.12%

Volatility

KAP.L vs. FWRG.L - Volatility Comparison

National Atomic Co Kazatomprom JSC ADR (KAP.L) has a higher volatility of 15.07% compared to Invesco FTSE All-World UCITS ETF Acc (FWRG.L) at 2.96%. This indicates that KAP.L's price experiences larger fluctuations and is considered to be riskier than FWRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KAP.L	FWRG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.07%	2.96%	+12.11%
Volatility (6M) Calculated over the trailing 6-month period	37.94%	7.69%	+30.25%
Volatility (1Y) Calculated over the trailing 1-year period	47.06%	10.33%	+36.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.36%	12.41%	+34.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.07%	12.41%	+30.66%

Dividends

KAP.L vs. FWRG.L - Dividend Comparison

KAP.L's dividend yield for the trailing twelve months is around 3.09%, while FWRG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FWRG.L Invesco FTSE All-World UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KAP.L National Atomic Co Kazatomprom JSC ADR	3.09%	4.11%	6.85%	4.25%	6.44%	3.69%	5.14%	6.23%

Frequently Asked Questions

Can I hold both KAP.L and FWRG.L in my portfolio?

KAP.L and FWRG.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.