MWEQ.L vs. TSWE.AS

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco MSCI World Equal Weight UCITS ETF Acc (MWEQ.L) and VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS).

MWEQ.L and TSWE.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MWEQ.L is a passively managed fund by Invesco that tracks the performance of the MSCI World Equal Weighted Net Total Return USD Index. It was launched on Sep 4, 2024. TSWE.AS is a passively managed fund by VanEck that tracks the performance of the MSCI ACWI NR USD. It was launched on May 3, 2013. Both MWEQ.L and TSWE.AS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

MWEQ.L vs. TSWE.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI World Equal Weight UCITS ETF Acc (MWEQ.L) and VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS). The values are adjusted to include any dividend payments, if applicable.

MWEQ.L vs. TSWE.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MWEQ.L Invesco MSCI World Equal Weight UCITS ETF Acc	1.49%	21.96%	0.07%
TSWE.AS VanEck Sustainable World Equal Weight UCITS ETF	-0.35%	28.29%	-1.22%

Different Trading Currencies

MWEQ.L is traded in USD, while TSWE.AS is traded in EUR. To make them comparable, the TSWE.AS values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, MWEQ.L achieves a 1.49% return, which is significantly higher than TSWE.AS's -0.35% return.

MWEQ.L

• 1D: 3.02%
• 1M: -3.82%
• YTD: 1.49%
• 6M: 4.34%
• 1Y: 19.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSWE.AS

• 1D: 3.24%
• 1M: -4.19%
• YTD: -0.35%
• 6M: 5.06%
• 1Y: 21.80%
• 3Y*: 16.47%
• 5Y*: 9.23%
• 10Y*: 11.30%

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

MWEQ.L vs. TSWE.AS - Expense Ratio Comparison

Both MWEQ.L and TSWE.AS have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

MWEQ.L

Invesco MSCI World Equal Weight UCITS ETF Acc

TSWE.AS

VanEck Sustainable World Equal Weight UCITS ETF

Return for Risk

MWEQ.L vs. TSWE.AS — Risk / Return Rank

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

MWEQ.L

MWEQ.L Risk / Return Rank: 72
MWEQ.L Sharpe Ratio Rank: 71
MWEQ.L Sortino Ratio Rank: 70
MWEQ.L Omega Ratio Rank: 68
MWEQ.L Calmar Ratio Rank: 77
MWEQ.L Martin Ratio Rank: 75

TSWE.AS

TSWE.AS Risk / Return Rank: 60
TSWE.AS Sharpe Ratio Rank: 40
TSWE.AS Sortino Ratio Rank: 38
TSWE.AS Omega Ratio Rank: 41
TSWE.AS Calmar Ratio Rank: 90
TSWE.AS Martin Ratio Rank: 91

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.

MWEQ.L vs. TSWE.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World Equal Weight UCITS ETF Acc (MWEQ.L) and VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS). 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.

	MWEQ.L	TSWE.AS	Difference
Sharpe ratio Return per unit of total volatility	1.33	1.20	+0.12
Sortino ratio Return per unit of downside risk	1.83	1.72	+0.12
Omega ratio Gain probability vs. loss probability	1.26	1.25	+0.01
Calmar ratio Return relative to maximum drawdown	2.25	3.12	-0.86
Martin ratio Return relative to average drawdown	8.51	12.73	-4.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MWEQ.L vs. TSWE.AS - Sharpe Ratio Comparison

The current MWEQ.L Sharpe Ratio is 1.33, which is comparable to the TSWE.AS Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of MWEQ.L and TSWE.AS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MWEQ.L	TSWE.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.20	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.03	0.61	+0.42

Correlation

The correlation between MWEQ.L and TSWE.AS is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MWEQ.L vs. TSWE.AS - Dividend Comparison

MWEQ.L has not paid dividends to shareholders, while TSWE.AS's dividend yield for the trailing twelve months is around 1.93%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MWEQ.L Invesco MSCI World Equal Weight 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%
TSWE.AS VanEck Sustainable World Equal Weight UCITS ETF	1.93%	1.94%	2.18%	2.23%	2.38%	1.64%	1.88%	2.34%	2.45%	2.09%	1.85%	1.87%

Drawdowns

MWEQ.L vs. TSWE.AS - Drawdown Comparison

The maximum MWEQ.L drawdown since its inception was -12.95%, smaller than the maximum TSWE.AS drawdown of -34.45%. Use the drawdown chart below to compare losses from any high point for MWEQ.L and TSWE.AS.

Drawdown Indicators

	MWEQ.L	TSWE.AS	Difference
Max Drawdown Largest peak-to-trough decline	-12.95%	-33.67%	+20.72%
Max Drawdown (1Y) Largest decline over 1 year	-10.50%	-13.44%	+2.94%
Max Drawdown (5Y) Largest decline over 5 years	—	-19.53%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.67%	—
Current Drawdown Current decline from peak	-5.24%	-4.88%	-0.36%
Average Drawdown Average peak-to-trough decline	-1.69%	-4.87%	+3.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	1.98%	+0.35%

Volatility

MWEQ.L vs. TSWE.AS - Volatility Comparison

The current volatility for Invesco MSCI World Equal Weight UCITS ETF Acc (MWEQ.L) is 5.81%, while VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) has a volatility of 6.50%. This indicates that MWEQ.L experiences smaller price fluctuations and is considered to be less risky than TSWE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MWEQ.L	TSWE.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	6.50%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	9.45%	10.56%	-1.11%
Volatility (1Y) Calculated over the trailing 1-year period	14.85%	17.96%	-3.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.08%	15.59%	-1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.08%	16.14%	-2.06%