MEUD.L vs. FWRG.L

Last updated Jun 13, 2026

MEUD.L (Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc) and FWRG.L (Invesco FTSE All-World UCITS ETF Acc) are both exchange-traded funds - MEUD.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while FWRG.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, MEUD.L returned 19.78% vs 29.53% for FWRG.L. At a 0.47 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.

Performance

MEUD.L vs. FWRG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) and Invesco FTSE All-World UCITS ETF Acc (FWRG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

MEUD.L is traded in GBp, while FWRG.L is traded in USD. To make them comparable, the FWRG.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, MEUD.L achieves a 7.81% return, which is significantly lower than FWRG.L's 11.20% return.

MEUD.L

• 1D: 1.76%
• 1M: 3.68%
• YTD: 7.81%
• 6M: 9.49%
• 1Y: 19.78%
• 3Y*: 14.48%
• 5Y*: 9.92%
• 10Y*: 11.01%

FWRG.L

• 1D: 1.87%
• 1M: 2.62%
• YTD: 11.20%
• 6M: 11.02%
• 1Y: 29.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023
MEUD.L Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc	7.81%	26.51%	3.65%	8.59%
FWRG.L Invesco FTSE All-World UCITS ETF Acc	11.20%	5.73%	22.20%	8,517.88%

Correlation

The correlation between MEUD.L and FWRG.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023	0.47

MEUD.L vs. FWRG.L - Sectors Allocation Comparison

Sectors	MEUD.L	FWRG.L
Financial Services	23.9%	16.4%
Industrials	20.3%	11.0%
Healthcare	12.6%	7.6%
Technology	9.4%	29.1%
Consumer Defensive	7.7%	5.0%
Consumer Cyclical	7.1%	9.4%
Energy	5.3%	4.3%
Basic Materials	5.1%	3.9%
Utilities	4.4%	2.6%
Communication Services	3.0%	8.9%
Real Estate	1.2%	1.9%

Return for Risk

MEUD.L vs. FWRG.L — Risk / Return Rank

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

MEUD.L

MEUD.L Risk / Return Rank: 50
MEUD.L Sharpe Ratio Rank: 53
MEUD.L Sortino Ratio Rank: 53
MEUD.L Omega Ratio Rank: 56
MEUD.L Calmar Ratio Rank: 43
MEUD.L Martin Ratio Rank: 46

FWRG.L

FWRG.L Risk / Return Rank: 87
FWRG.L Sharpe Ratio Rank: 89
FWRG.L Sortino Ratio Rank: 89
FWRG.L Omega Ratio Rank: 89
FWRG.L Calmar Ratio Rank: 82
FWRG.L Martin Ratio Rank: 85

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.

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

This table presents a comparison of risk-adjusted performance metrics for Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MEUD.L	FWRG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.60	2.28	-0.68
Sortino ratio: Return per unit of downside risk	2.27	3.02	-0.75
Omega ratio: Gain probability vs. loss probability	1.30	1.41	-0.11
Calmar ratio: Return relative to maximum drawdown	1.87	4.39	-2.52
Martin ratio: Return relative to average drawdown	6.77	11.46	-4.69

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

The current MEUD.L Sharpe Ratio is 1.60, which is comparable to the FWRG.L Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of MEUD.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.

Drawdowns

MEUD.L vs. FWRG.L - Drawdown Comparison

The maximum MEUD.L drawdown since its inception was -28.57%, which is greater than FWRG.L's maximum drawdown of -22.64%. Use the drawdown chart below to compare losses from any high point for MEUD.L and FWRG.L.

Drawdown Indicators

	MEUD.L	FWRG.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.57%	-22.64%	-5.93%
Max Drawdown (1Y) Largest decline over 1 year	-10.53%	-6.70%	-3.83%
Max Drawdown (3Y) Largest decline over 3 years	-12.61%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.09%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.57%	—	—
Current Drawdown Current decline from peak	-0.20%	-1.11%	+0.91%
Average Drawdown Average peak-to-trough decline	-6.89%	-4.25%	-2.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	2.57%	+0.35%

Volatility

MEUD.L vs. FWRG.L - Volatility Comparison

The current volatility for Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc (MEUD.L) is 3.54%, while Invesco FTSE All-World UCITS ETF Acc (FWRG.L) has a volatility of 4.18%. This indicates that MEUD.L experiences smaller price fluctuations and is considered to be less risky than FWRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEUD.L	FWRG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	4.18%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	10.39%	9.39%	+1.00%
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	12.93%	-0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.02%	4,487.53%	-4,471.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.93%	4,487.53%	-4,470.60%

MEUD.L vs. FWRG.L - Expense Ratio Comparison

Both MEUD.L and FWRG.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

MEUD.L vs. FWRG.L - Dividend Comparison

Neither MEUD.L nor FWRG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

MEUD.L and FWRG.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MEUD.L or FWRG.L?

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MEUD.L or FWRG.L?

MEUD.L and FWRG.L have the same expense ratio: 0.15% per year.

What is the main difference between MEUD.L and FWRG.L?

MEUD.L is categorized as Europe Equities, while FWRG.L is Global Equities. MEUD.L tracks MSCI Europe NR EUR, while FWRG.L tracks FTSE All-World Index. They also come from different issuers: Amundi and Invesco.