N1ES.DE vs. FWEA.DE
N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - N1ES.DE is a Nasdaq-100 fund tracking the Nasdaq 100® ESG, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, N1ES.DE returned 39.34% vs 25.98% for FWEA.DE. A 0.74 correlation means they provide meaningful diversification when combined. N1ES.DE charges 0.25%/yr vs 0.20%/yr for FWEA.DE.
Performance
N1ES.DE vs. FWEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, N1ES.DE achieves a 21.31% return, which is significantly higher than FWEA.DE's 10.64% return.
N1ES.DE
- 1D
- -0.74%
- 1M
- 8.84%
- YTD
- 21.31%
- 6M
- 19.74%
- 1Y
- 39.34%
- 3Y*
- 25.46%
- 5Y*
- —
- 10Y*
- —
FWEA.DE
- 1D
- -0.24%
- 1M
- 2.84%
- YTD
- 10.64%
- 6M
- 11.58%
- 1Y
- 25.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
N1ES.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 21.31% | 8.26% | 33.55% | 13.24% |
FWEA.DE Invesco FTSE All-World UCITS ETF | 10.64% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between N1ES.DE and FWEA.DE is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.74 |
The correlation between N1ES.DE and FWEA.DE has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.
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Return for Risk
N1ES.DE vs. FWEA.DE — Risk / Return Rank
N1ES.DE
FWEA.DE
N1ES.DE vs. FWEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) and Invesco FTSE All-World UCITS ETF (FWEA.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.
| N1ES.DE | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 3.18 | +0.52 |
| Martin ratioReturn relative to average drawdown | 10.62 | 13.52 | -2.91 |
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
| N1ES.DE | FWEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.42 | 2.30 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 1.51 | -0.70 |
Drawdowns
N1ES.DE vs. FWEA.DE - Drawdown Comparison
The maximum N1ES.DE drawdown since its inception was -29.96%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for N1ES.DE and FWEA.DE.
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Drawdown Indicators
| N1ES.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.96% | -17.48% | -12.48% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -8.28% | -2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -26.65% | — | — |
Current DrawdownCurrent decline from peak | -0.74% | -0.81% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -8.51% | -1.86% | -6.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 1.95% | +1.83% |
Volatility
N1ES.DE vs. FWEA.DE - Volatility Comparison
Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) has a higher volatility of 4.64% compared to Invesco FTSE All-World UCITS ETF (FWEA.DE) at 3.36%. This indicates that N1ES.DE's price experiences larger fluctuations and is considered to be riskier than FWEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| N1ES.DE | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.64% | 3.36% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 8.93% | +2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 11.45% | +5.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.73% | 12.72% | +8.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 12.72% | +8.01% |
N1ES.DE vs. FWEA.DE - Expense Ratio Comparison
N1ES.DE has a 0.25% expense ratio, which is higher than FWEA.DE's 0.20% 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
N1ES.DE vs. FWEA.DE - Dividend Comparison
Neither N1ES.DE nor FWEA.DE has paid dividends to shareholders.
Frequently Asked Questions
N1ES.DE and FWEA.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWEA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWEA.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for N1ES.DE.
N1ES.DE is categorized as Nasdaq-100, while FWEA.DE is Global Equities. N1ES.DE tracks Nasdaq 100® ESG, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.25% for N1ES.DE and 0.20% for FWEA.DE.
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