MSAP.L vs. FTWG.L
MSAP.L (Invesco MSCI Saudi Arabia ETF) and FTWG.L (Invesco FTSE All-World UCITS ETF USD Dist) are both Global Equities funds from Invesco - MSAP.L tracks the Invesco MSCI Saudi Arabia ETF while FTWG.L tracks the FTSE All-World Index. Both are passively managed. Over the past 3 years, MSAP.L returned -1.62%/yr vs 17.94%/yr for FTWG.L. At a 0.34 correlation, their price movements are largely independent. MSAP.L charges 0.50%/yr vs 0.15%/yr for FTWG.L.
Performance
MSAP.L vs. FTWG.L - Performance Comparison
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Returns By Period
In the year-to-date period, MSAP.L achieves a 3.41% return, which is significantly lower than FTWG.L's 10.82% return.
MSAP.L
- 1D
- -0.28%
- 1M
- -3.59%
- 6M
- -2.38%
- YTD
- 3.41%
- 1Y
- 1.98%
- 3Y*
- -1.62%
- 5Y*
- 2.40%
- 10Y*
- —
FTWG.L
- 1D
- -0.68%
- 1M
- -1.15%
- 6M
- 9.12%
- YTD
- 10.82%
- 1Y
- 22.80%
- 3Y*
- 17.94%
- 5Y*
- —
- 10Y*
- —
MSAP.L vs. FTWG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MSAP.L Invesco MSCI Saudi Arabia ETF | 3.41% | -12.17% | 1.88% | 3.99% |
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist | 10.82% | 14.12% | 19.92% | -13.67% |
Correlation
The correlation between MSAP.L and FTWG.L is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.34 |
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Return for Risk
MSAP.L vs. FTWG.L — Risk / Return Rank
MSAP.L
FTWG.L
MSAP.L vs. FTWG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Saudi Arabia ETF (MSAP.L) and Invesco FTSE All-World UCITS ETF USD Dist (FTWG.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.
| MSAP.L | FTWG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.39 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 3.19 | -2.97 |
| Martin ratioReturn relative to average drawdown | 0.50 | 12.44 | -11.94 |
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Drawdowns
MSAP.L vs. FTWG.L - Drawdown Comparison
The maximum MSAP.L drawdown since its inception was -46.44%, which is greater than FTWG.L's maximum drawdown of -22.14%. Use the drawdown chart below to compare losses from any high point for MSAP.L and FTWG.L.
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Drawdown Indicators
| MSAP.L | FTWG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.44% | -22.14% | -24.30% |
Max Drawdown (1Y)Largest decline over 1 year | -12.24% | -7.11% | -5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -20.20% | -17.78% | -2.42% |
Max Drawdown (5Y)Largest decline over 5 years | -30.35% | — | — |
Current DrawdownCurrent decline from peak | -25.14% | -1.99% | -23.15% |
Average DrawdownAverage peak-to-trough decline | -19.39% | -6.53% | -12.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 1.83% | +3.61% |
Volatility
MSAP.L vs. FTWG.L - Volatility Comparison
Invesco MSCI Saudi Arabia ETF (MSAP.L) has a higher volatility of 3.63% compared to Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) at 3.21%. This indicates that MSAP.L's price experiences larger fluctuations and is considered to be riskier than FTWG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSAP.L | FTWG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 3.21% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 8.46% | +1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.67% | 10.88% | +3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.68% | 16.63% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.32% | 16.63% | +3.69% |
MSAP.L vs. FTWG.L - Expense Ratio Comparison
MSAP.L has a 0.50% expense ratio, which is higher than FTWG.L's 0.15% expense ratio.
Dividends
MSAP.L vs. FTWG.L - Dividend Comparison
MSAP.L has not paid dividends to shareholders, while FTWG.L's dividend yield for the trailing twelve months is around 1.26%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist | 1.26% | 1.34% | 1.50% | 0.70% |
MSAP.L Invesco MSCI Saudi Arabia ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSAP.L and FTWG.L have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FTWG.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTWG.L is cheaper with a 0.15% expense ratio, compared with 0.50% for MSAP.L.
MSAP.L tracks Invesco MSCI Saudi Arabia ETF, while FTWG.L tracks FTSE All-World Index. Their fees differ too: 0.50% for MSAP.L and 0.15% for FTWG.L.
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