MXWS.L vs. FWIA.DE
MXWS.L (Invesco MSCI World UCITS ETF) and FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) are both Global Equities funds from Invesco - MXWS.L tracks the MSCI ACWI NR USD while FWIA.DE tracks the FTSE All-World. Both are passively managed. Over the past year, MXWS.L returned 27.42% vs 29.99% for FWIA.DE. Their correlation of 0.90 suggests significant overlap in exposure. MXWS.L charges 0.19%/yr vs 0.15%/yr for FWIA.DE.
Performance
MXWS.L vs. FWIA.DE - Performance Comparison
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Different Trading Currencies
MXWS.L is traded in GBp, while FWIA.DE is traded in EUR. To make them comparable, the FWIA.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, MXWS.L achieves a 10.17% return, which is significantly lower than FWIA.DE's 11.71% return.
MXWS.L
- 1D
- 0.04%
- 1M
- 5.20%
- YTD
- 10.17%
- 6M
- 10.37%
- 1Y
- 27.42%
- 3Y*
- 17.75%
- 5Y*
- 13.12%
- 10Y*
- 14.18%
FWIA.DE
- 1D
- -0.10%
- 1M
- 5.22%
- YTD
- 11.71%
- 6M
- 12.23%
- 1Y
- 29.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MXWS.L vs. FWIA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MXWS.L Invesco MSCI World UCITS ETF | 10.17% | 12.63% | 21.11% | 8.16% |
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 11.71% | 14.69% | 19.26% | 8.42% |
Correlation
The correlation between MXWS.L and FWIA.DE is 0.92, 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 | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.90 |
The correlation between MXWS.L and FWIA.DE has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
MXWS.L vs. FWIA.DE — Risk / Return Rank
MXWS.L
FWIA.DE
MXWS.L vs. FWIA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World UCITS ETF (MXWS.L) and Invesco FTSE All-World UCITS ETF Acc (FWIA.DE). 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.
| MXWS.L | FWIA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.52 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 4.22 | -0.05 |
| Martin ratioReturn relative to average drawdown | 16.68 | 16.74 | -0.06 |
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
| MXWS.L | FWIA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.69 | 2.79 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 1.50 | -0.50 |
Drawdowns
MXWS.L vs. FWIA.DE - Drawdown Comparison
The maximum MXWS.L drawdown since its inception was -24.29%, which is greater than FWIA.DE's maximum drawdown of -19.06%. Use the drawdown chart below to compare losses from any high point for MXWS.L and FWIA.DE.
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Drawdown Indicators
| MXWS.L | FWIA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.29% | -19.06% | -5.23% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -7.08% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -19.29% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.29% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.42% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -3.25% | -2.00% | -1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 1.79% | -0.15% |
Volatility
MXWS.L vs. FWIA.DE - Volatility Comparison
The current volatility for Invesco MSCI World UCITS ETF (MXWS.L) is 2.51%, while Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) has a volatility of 3.09%. This indicates that MXWS.L experiences smaller price fluctuations and is considered to be less risky than FWIA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXWS.L | FWIA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.51% | 3.09% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 7.41% | 7.90% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.16% | 10.70% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.33% | 12.45% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.45% | 12.45% | +3.00% |
MXWS.L vs. FWIA.DE - Expense Ratio Comparison
MXWS.L has a 0.19% expense ratio, which is higher than FWIA.DE'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
MXWS.L vs. FWIA.DE - Dividend Comparison
Neither MXWS.L nor FWIA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.92, MXWS.L and FWIA.DE 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, FWIA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWIA.DE is cheaper with a 0.15% expense ratio, compared with 0.19% for MXWS.L.
MXWS.L tracks MSCI ACWI NR USD, while FWIA.DE tracks FTSE All-World. Their fees differ too: 0.19% for MXWS.L and 0.15% for FWIA.DE.
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