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MXWO.L vs. FTWG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MXWO.L vs. FTWG.L

Last updated Jun 5, 2026

MXWO.L (Invesco MSCI World UCITS ETF) and FTWG.L (Invesco FTSE All-World UCITS ETF USD Dist) are both Global Equities funds from Invesco - MXWO.L tracks the MSCI ACWI NR USD while FTWG.L tracks the FTSE All-World Index. Both are passively managed. Over the past year, MXWO.L returned 26.14% vs 28.92% for FTWG.L. Their correlation of 0.91 suggests significant overlap in exposure. MXWO.L charges 0.19%/yr vs 0.15%/yr for FTWG.L.

Performance

MXWO.L vs. FTWG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI World UCITS ETF (MXWO.L) and Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

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

Returns By Period

In the year-to-date period, MXWO.L achieves a 9.99% return, which is significantly lower than FTWG.L's 11.59% return.

MXWO.L

1D
0.04%
1M
4.21%
YTD
9.99%
6M
11.10%
1Y
26.14%
3Y*
20.86%
5Y*
11.92%
10Y*
13.12%

FTWG.L

1D
0.02%
1M
4.48%
YTD
11.59%
6M
13.26%
1Y
28.92%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MXWO.L vs. FTWG.L - Yearly Performance Comparison

2026 (YTD)202520242023
MXWO.L
Invesco MSCI World UCITS ETF		9.99%20.83%19.19%9.30%
FTWG.L
Invesco FTSE All-World UCITS ETF USD Dist		11.59%22.73%17.92%8.17%

Correlation

The correlation between MXWO.L and FTWG.L is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.91

Correlation (All Time)
Calculated using the full available price history since Jun 30, 2023

0.91

The correlation between MXWO.L and FTWG.L has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

MXWO.L vs. FTWG.L - Sectors Allocation Comparison

Sectors
MXWO.L
FTWG.L

Technology

28.3%
29.1%

Financial Services

15.7%
16.4%

Industrials

11.4%
11.0%

Consumer Cyclical

9.3%
9.4%

Communication Services

9.3%
8.9%

Healthcare

8.8%
7.6%

Consumer Defensive

5.2%
5.0%

Energy

4.2%
4.3%

Basic Materials

3.3%
3.9%

Utilities

2.7%
2.6%

Real Estate

1.9%
1.9%

Technology

MXWO.L
28.3%
FTWG.L
29.1%

Financial Services

MXWO.L
15.7%
FTWG.L
16.4%

Industrials

MXWO.L
11.4%
FTWG.L
11.0%

Consumer Cyclical

MXWO.L
9.3%
FTWG.L
9.4%

Communication Services

MXWO.L
9.3%
FTWG.L
8.9%

Healthcare

MXWO.L
8.8%
FTWG.L
7.6%

Consumer Defensive

MXWO.L
5.2%
FTWG.L
5.0%

Energy

MXWO.L
4.2%
FTWG.L
4.3%

Basic Materials

MXWO.L
3.3%
FTWG.L
3.9%

Utilities

MXWO.L
2.7%
FTWG.L
2.6%

Real Estate

MXWO.L
1.9%
FTWG.L
1.9%

Compare stocks, funds, or ETFs

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Invesco MSCI World UCITS ETF

Invesco FTSE All-World UCITS ETF USD Dist

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Often compared with FTWG.L:
FTWG.L vs. VWRP.LFTWG.L vs. FWRGFTWG.L vs. VWRL.LFTWG.L vs. VEVE.LFTWG.L vs. VUSA.LFTWG.L vs. XXTW.LFTWG.L vs. VOO

Return for Risk

MXWO.L vs. FTWG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MXWO.L
MXWO.L Risk / Return Rank: 6969
Overall Rank
MXWO.L Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
MXWO.L Sortino Ratio Rank: 7474
Sortino Ratio Rank
MXWO.L Omega Ratio Rank: 6868
Omega Ratio Rank
MXWO.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
MXWO.L Martin Ratio Rank: 7272
Martin Ratio Rank
FTWG.L
FTWG.L Risk / Return Rank: 8686
Overall Rank
FTWG.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
FTWG.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
FTWG.L Omega Ratio Rank: 8989
Omega Ratio Rank
FTWG.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
FTWG.L Martin Ratio Rank: 8484
Martin Ratio Rank
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.

MXWO.L vs. FTWG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World UCITS ETF (MXWO.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.

MXWO.LFTWG.LDifference
Sharpe ratioReturn per unit of total volatility
2.19
2.45

-0.26

Sortino ratioReturn per unit of downside risk
3.26
3.59

-0.33

Omega ratioGain probability vs. loss probability

1.40

1.44

-0.05

Calmar ratioReturn relative to maximum drawdown

3.12

3.13

-0.01

Martin ratioReturn relative to average drawdown

13.34

13.65

-0.31

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MXWO.L vs. FTWG.L - Sharpe Ratio Comparison

The current MXWO.L Sharpe Ratio is 2.19, which is comparable to the FTWG.L Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of MXWO.L and FTWG.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.

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Sharpe Ratios by Period

MXWO.LFTWG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.19

2.45

-0.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.82

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.86

1.59

-0.73

Drawdowns

MXWO.L vs. FTWG.L - Drawdown Comparison

The maximum MXWO.L drawdown since its inception was -33.89%, which is greater than FTWG.L's maximum drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for MXWO.L and FTWG.L.

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Drawdown Indicators

MXWO.LFTWG.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.89%

-16.89%

-17.00%

Max Drawdown (1Y)

Largest decline over 1 year

-8.34%

-9.20%

+0.86%

Max Drawdown (3Y)

Largest decline over 3 years

-17.85%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-25.80%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-33.89%

—

—

Current Drawdown

Current decline from peak

-0.45%

-0.73%

+0.28%

Average Drawdown

Average peak-to-trough decline

-4.31%

-1.90%

-2.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.95%

2.11%

-0.16%

Volatility

MXWO.L vs. FTWG.L - Volatility Comparison

Invesco MSCI World UCITS ETF (MXWO.L) and Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) have volatilities of 3.32% and 3.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MXWO.LFTWG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.32%

3.49%

-0.17%

Volatility (6M)

Calculated over the trailing 6-month period

9.15%

9.01%

+0.14%

Volatility (1Y)

Calculated over the trailing 1-year period

11.88%

11.73%

+0.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.75%

13.13%

+2.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.93%

13.13%

+2.80%

MXWO.L vs. FTWG.L - Expense Ratio Comparison

MXWO.L has a 0.19% expense ratio, which is higher than FTWG.L's 0.15% 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%.

Dividends

MXWO.L vs. FTWG.L - Dividend Comparison

MXWO.L has not paid dividends to shareholders, while FTWG.L's dividend yield for the trailing twelve months is around 1.22%.

PositionTTM202520242023
FTWG.L
Invesco FTSE All-World UCITS ETF USD Dist		1.22%1.34%1.50%0.70%
MXWO.L
Invesco MSCI World UCITS ETF		0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.91, MXWO.L and FTWG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

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 0.19% for MXWO.L.

MXWO.L tracks MSCI ACWI NR USD, while FTWG.L tracks FTSE All-World Index. Their fees differ too: 0.19% for MXWO.L and 0.15% for FTWG.L.

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