MWEQ.L vs. VEA
Compare and contrast key facts about Invesco MSCI World Equal Weight UCITS ETF Acc (MWEQ.L) and Vanguard FTSE Developed Markets ETF (VEA).
MWEQ.L and VEA 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. VEA is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed All Cap ex US Index. It was launched on Jul 20, 2007. Both MWEQ.L and VEA 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. VEA - Performance Comparison
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MWEQ.L vs. VEA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MWEQ.L Invesco MSCI World Equal Weight UCITS ETF Acc | 1.49% | 21.96% | 0.07% |
VEA Vanguard FTSE Developed Markets ETF | 4.45% | 35.16% | -5.16% |
Returns By Period
In the year-to-date period, MWEQ.L achieves a 1.49% return, which is significantly lower than VEA's 4.45% return.
MWEQ.L
- 1D
- 3.02%
- 1M
- -3.82%
- YTD
- 1.49%
- 6M
- 4.34%
- 1Y
- 19.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VEA
- 1D
- 1.65%
- 1M
- -5.45%
- YTD
- 4.45%
- 6M
- 9.91%
- 1Y
- 31.74%
- 3Y*
- 16.71%
- 5Y*
- 8.93%
- 10Y*
- 9.55%
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MWEQ.L vs. VEA - Expense Ratio Comparison
MWEQ.L has a 0.20% expense ratio, which is higher than VEA's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
MWEQ.L vs. VEA — Risk / Return Rank
MWEQ.L
VEA
MWEQ.L vs. VEA - 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 Vanguard FTSE Developed Markets ETF (VEA). 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 | VEA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 1.81 | -0.48 |
Sortino ratioReturn per unit of downside risk | 1.83 | 2.46 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.36 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.77 | -0.52 |
Martin ratioReturn relative to average drawdown | 8.51 | 10.77 | -2.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MWEQ.L | VEA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 1.81 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.55 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | 0.22 | +0.81 |
Correlation
The correlation between MWEQ.L and VEA is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MWEQ.L vs. VEA - Dividend Comparison
MWEQ.L has not paid dividends to shareholders, while VEA's dividend yield for the trailing twelve months is around 2.88%.
| 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% |
VEA Vanguard FTSE Developed Markets ETF | 2.88% | 3.22% | 3.35% | 3.15% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% |
Drawdowns
MWEQ.L vs. VEA - Drawdown Comparison
The maximum MWEQ.L drawdown since its inception was -12.95%, smaller than the maximum VEA drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for MWEQ.L and VEA.
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Drawdown Indicators
| MWEQ.L | VEA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.95% | -60.68% | +47.73% |
Max Drawdown (1Y)Largest decline over 1 year | -10.50% | -11.63% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.73% | — |
Current DrawdownCurrent decline from peak | -5.24% | -7.20% | +1.96% |
Average DrawdownAverage peak-to-trough decline | -1.69% | -13.39% | +11.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 2.99% | -0.66% |
Volatility
MWEQ.L vs. VEA - Volatility Comparison
The current volatility for Invesco MSCI World Equal Weight UCITS ETF Acc (MWEQ.L) is 5.81%, while Vanguard FTSE Developed Markets ETF (VEA) has a volatility of 7.92%. This indicates that MWEQ.L experiences smaller price fluctuations and is considered to be less risky than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWEQ.L | VEA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.81% | 7.92% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.45% | 11.68% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.85% | 17.67% | -2.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.08% | 16.30% | -2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.08% | 17.26% | -3.18% |