LVLC.DE vs. PSWD.DE

Last updated Jun 5, 2026

LVLC.DE (Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon UCITS ETF Acc) and PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) are both Global Equities funds from Invesco - LVLC.DE tracks the Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon while PSWD.DE tracks the FTSE RAFI All-World 3000. Both are passively managed. Over the past 3 years, LVLC.DE returned 12.70%/yr vs 18.93%/yr for PSWD.DE. A 0.79 correlation means they provide meaningful diversification when combined. LVLC.DE charges 0.25%/yr vs 0.39%/yr for PSWD.DE.

Performance

LVLC.DE vs. PSWD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon UCITS ETF Acc (LVLC.DE) and Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LVLC.DE achieves a 4.86% return, which is significantly lower than PSWD.DE's 16.46% return.

LVLC.DE

• 1D: -0.11%
• 1M: 2.82%
• YTD: 4.86%
• 6M: 5.74%
• 1Y: 10.51%
• 3Y*: 12.70%
• 5Y*: —
• 10Y*: —

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%

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

LVLC.DE vs. PSWD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
LVLC.DE Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon UCITS ETF Acc	4.86%	5.91%	23.88%	9.90%	-3.61%
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF	16.46%	14.64%	17.68%	12.73%	-0.71%

Correlation

The correlation between LVLC.DE and PSWD.DE is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jul 22, 2022	0.79

The correlation between LVLC.DE and PSWD.DE has been stable across timeframes, ranging from 0.73 to 0.79 - a consistent structural relationship.

Return for Risk

LVLC.DE vs. PSWD.DE — Risk / Return Rank

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

LVLC.DE

LVLC.DE Risk / Return Rank: 35
LVLC.DE Sharpe Ratio Rank: 33
LVLC.DE Sortino Ratio Rank: 32
LVLC.DE Omega Ratio Rank: 33
LVLC.DE Calmar Ratio Rank: 38
LVLC.DE Martin Ratio Rank: 41

PSWD.DE

PSWD.DE Risk / Return Rank: 91
PSWD.DE Sharpe Ratio Rank: 91
PSWD.DE Sortino Ratio Rank: 90
PSWD.DE Omega Ratio Rank: 90
PSWD.DE Calmar Ratio Rank: 90
PSWD.DE Martin Ratio Rank: 92

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.

LVLC.DE vs. PSWD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon UCITS ETF Acc (LVLC.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.

	LVLC.DE	PSWD.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.17	3.10	-1.93
Sortino ratio: Return per unit of downside risk	1.71	4.17	-2.46
Omega ratio: Gain probability vs. loss probability	1.22	1.58	-0.36
Calmar ratio: Return relative to maximum drawdown	1.80	5.56	-3.76
Martin ratio: Return relative to average drawdown	6.55	22.39	-15.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LVLC.DE vs. PSWD.DE - Sharpe Ratio Comparison

The current LVLC.DE Sharpe Ratio is 1.17, which is lower than the PSWD.DE Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of LVLC.DE and PSWD.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

	LVLC.DE	PSWD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	3.10	-1.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.00	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.68	+0.28

Drawdowns

LVLC.DE vs. PSWD.DE - Drawdown Comparison

The maximum LVLC.DE drawdown since its inception was -16.03%, smaller than the maximum PSWD.DE drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for LVLC.DE and PSWD.DE.

Drawdown Indicators

	LVLC.DE	PSWD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.03%	-36.39%	+20.36%
Max Drawdown (1Y) Largest decline over 1 year	-5.67%	-5.89%	+0.22%
Max Drawdown (3Y) Largest decline over 3 years	-16.03%	-18.19%	+2.16%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.39%	—
Current Drawdown Current decline from peak	-0.43%	-0.31%	-0.12%
Average Drawdown Average peak-to-trough decline	-2.98%	-4.65%	+1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	1.46%	+0.10%

Volatility

LVLC.DE vs. PSWD.DE - Volatility Comparison

The current volatility for Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon UCITS ETF Acc (LVLC.DE) is 2.05%, while Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) has a volatility of 3.08%. This indicates that LVLC.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.

Volatility by Period

	LVLC.DE	PSWD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.05%	3.08%	-1.03%
Volatility (6M) Calculated over the trailing 6-month period	6.07%	7.86%	-1.79%
Volatility (1Y) Calculated over the trailing 1-year period	8.68%	10.54%	-1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.57%	13.16%	-2.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.57%	15.19%	-4.62%

LVLC.DE vs. PSWD.DE - Expense Ratio Comparison

LVLC.DE has a 0.25% expense ratio, which is lower than PSWD.DE's 0.39% expense ratio.

Dividends

LVLC.DE vs. PSWD.DE - Dividend Comparison

LVLC.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
LVLC.DE Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon UCITS ETF Acc	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

Can I hold both LVLC.DE and PSWD.DE in my portfolio?

LVLC.DE and PSWD.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LVLC.DE or PSWD.DE?

On fees, LVLC.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, LVLC.DE or PSWD.DE?

LVLC.DE is cheaper with a 0.25% expense ratio, compared with 0.39% for PSWD.DE.

What is the main difference between LVLC.DE and PSWD.DE?

LVLC.DE tracks Invesco Quantitative Strategies Global Equity Low Volatility Low Carbon, while PSWD.DE tracks FTSE RAFI All-World 3000. Their fees differ too: 0.25% for LVLC.DE and 0.39% for PSWD.DE.