MXWS.L vs. TSWE.AS
Compare and contrast key facts about Invesco MSCI World UCITS ETF (MXWS.L) and VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS).
MXWS.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. MXWS.L is a passively managed fund by Invesco that tracks the performance of the MSCI ACWI NR USD. It was launched on Apr 2, 2009. 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 MXWS.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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MXWS.L or TSWE.AS.
Key characteristics
| MXWS.L | TSWE.AS | |
|---|---|---|
| YTD Return | 15.95% | 15.84% |
| 1Y Return | 22.50% | 22.85% |
| 3Y Return (Ann) | 10.01% | 7.32% |
| 5Y Return (Ann) | 13.29% | 10.96% |
| Sharpe Ratio | 2.18 | 2.31 |
| Sortino Ratio | 3.00 | 3.03 |
| Omega Ratio | 1.41 | 1.46 |
| Calmar Ratio | 3.65 | 2.29 |
| Martin Ratio | 15.11 | 13.55 |
| Ulcer Index | 1.48% | 1.76% |
| Daily Std Dev | 10.27% | 10.30% |
| Max Drawdown | -24.29% | -33.67% |
| Current Drawdown | -0.59% | -0.30% |
Correlation
The correlation between MXWS.L and TSWE.AS is 0.72, 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.
Performance
MXWS.L vs. TSWE.AS - Performance Comparison
The year-to-date returns for both stocks are quite close, with MXWS.L having a 15.95% return and TSWE.AS slightly lower at 15.84%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MXWS.L vs. TSWE.AS - Expense Ratio Comparison
MXWS.L has a 0.19% expense ratio, which is lower than TSWE.AS's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
MXWS.L vs. TSWE.AS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World UCITS ETF (MXWS.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.
Dividends
MXWS.L vs. TSWE.AS - Dividend Comparison
MXWS.L has not paid dividends to shareholders, while TSWE.AS's dividend yield for the trailing twelve months is around 2.11%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXWS.L Invesco MSCI World UCITS ETF | 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 | 2.11% | 2.23% | 2.38% | 1.64% | 1.88% | 2.34% | 2.45% | 2.09% | 1.85% | 1.87% | 5.46% | 0.31% |
Drawdowns
MXWS.L vs. TSWE.AS - Drawdown Comparison
The maximum MXWS.L drawdown since its inception was -24.29%, smaller than the maximum TSWE.AS drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for MXWS.L and TSWE.AS. For additional features, visit the drawdowns tool.
Volatility
MXWS.L vs. TSWE.AS - Volatility Comparison
The current volatility for Invesco MSCI World UCITS ETF (MXWS.L) is 2.38%, while VanEck Sustainable World Equal Weight UCITS ETF (TSWE.AS) has a volatility of 2.92%. This indicates that MXWS.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.