MSAU.L vs. FWRA.L
MSAU.L (Invesco MSCI Saudi Arabia ETF) and FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) are both Global Equities funds from Invesco - MSAU.L tracks the Invesco MSCI Saudi Arabia ETF while FWRA.L tracks the FTSE All-World Index. Both are passively managed. Over the past 3 years, MSAU.L returned -0.44%/yr vs 19.09%/yr for FWRA.L. At a 0.37 correlation, their price movements are largely independent. MSAU.L charges 0.50%/yr vs 0.15%/yr for FWRA.L.
Performance
MSAU.L vs. FWRA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MSAU.L achieves a 4.13% return, which is significantly lower than FWRA.L's 11.06% return.
MSAU.L
- 1D
- 0.31%
- 1M
- -2.96%
- 6M
- -1.63%
- YTD
- 4.13%
- 1Y
- 3.11%
- 3Y*
- -0.44%
- 5Y*
- 2.06%
- 10Y*
- —
FWRA.L
- 1D
- 0.11%
- 1M
- -0.64%
- 6M
- 9.50%
- YTD
- 11.06%
- 1Y
- 23.54%
- 3Y*
- 19.09%
- 5Y*
- —
- 10Y*
- —
MSAU.L vs. FWRA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MSAU.L Invesco MSCI Saudi Arabia ETF | 4.13% | -5.73% | 0.20% | 4.35% |
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation | 11.06% | 22.42% | 18.04% | 10.02% |
Correlation
The correlation between MSAU.L and FWRA.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.37 |
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
MSAU.L vs. FWRA.L — Risk / Return Rank
MSAU.L
FWRA.L
MSAU.L vs. FWRA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Saudi Arabia ETF (MSAU.L) 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.
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.
| MSAU.L | FWRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.34 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 2.68 | -2.36 |
| Martin ratioReturn relative to average drawdown | 0.67 | 10.70 | -10.02 |
Loading charts...
Drawdowns
MSAU.L vs. FWRA.L - Drawdown Comparison
The maximum MSAU.L drawdown since its inception was -42.92%, which is greater than FWRA.L's maximum drawdown of -16.50%. Use the drawdown chart below to compare losses from any high point for MSAU.L and FWRA.L.
Loading charts...
Drawdown Indicators
| MSAU.L | FWRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.92% | -16.50% | -26.42% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -8.78% | -2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -16.50% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -29.84% | — | — |
Current DrawdownCurrent decline from peak | -18.51% | -1.16% | -17.35% |
Average DrawdownAverage peak-to-trough decline | -14.49% | -1.92% | -12.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 2.20% | +2.95% |
Volatility
MSAU.L vs. FWRA.L - Volatility Comparison
The current volatility for Invesco MSCI Saudi Arabia ETF (MSAU.L) is 2.49%, while Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) has a volatility of 3.20%. This indicates that MSAU.L 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
| MSAU.L | FWRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 3.20% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 10.60% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.32% | 12.88% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 13.61% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 13.61% | +5.15% |
MSAU.L vs. FWRA.L - Expense Ratio Comparison
MSAU.L has a 0.50% expense ratio, which is higher than FWRA.L's 0.15% expense ratio.
Dividends
MSAU.L vs. FWRA.L - Dividend Comparison
Neither MSAU.L nor FWRA.L has paid dividends to shareholders.
Frequently Asked Questions
MSAU.L and FWRA.L have a correlation of 0.32, 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 0.50% for MSAU.L.
MSAU.L tracks Invesco MSCI Saudi Arabia ETF, while FWRA.L tracks FTSE All-World Index. Their fees differ too: 0.50% for MSAU.L and 0.15% for FWRA.L.
Find the right allocation for MSAU.L 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