NOVN.SW vs. FWRA.L
NOVN.SW (Novartis AG) is a stock, while FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) is Global Equities fund tracking the FTSE All-World Index. Over the past year, NOVN.SW returned 22.96% vs 22.24% for FWRA.L. At a 0.15 correlation, their price movements are largely independent.
Performance
NOVN.SW vs. FWRA.L - Performance Comparison
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Different Trading Currencies
NOVN.SW is traded in CHF, while FWRA.L is traded in USD. To make them comparable, the FWRA.L values have been converted to CHF using the latest available exchange rates.
Returns By Period
In the year-to-date period, NOVN.SW achieves a 8.91% return, which is significantly lower than FWRA.L's 9.92% return.
NOVN.SW
- 1D
- 2.04%
- 1M
- 2.19%
- YTD
- 8.91%
- 6M
- 11.93%
- 1Y
- 22.96%
- 3Y*
- 14.41%
- 5Y*
- 12.76%
- 10Y*
- 9.98%
FWRA.L
- 1D
- -0.13%
- 1M
- 3.09%
- YTD
- 9.92%
- 6M
- 9.50%
- 1Y
- 22.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NOVN.SW vs. FWRA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NOVN.SW Novartis AG | 8.91% | 27.98% | 8.44% | 0.70% |
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation | 9.92% | 6.96% | 27.35% | 3.36% |
Correlation
The correlation between NOVN.SW and FWRA.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.15 |
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Return for Risk
NOVN.SW vs. FWRA.L — Risk / Return Rank
NOVN.SW
FWRA.L
NOVN.SW vs. FWRA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Novartis AG (NOVN.SW) and Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.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.
| NOVN.SW | FWRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.32 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.29 | 2.96 | -0.66 |
| Martin ratioReturn relative to average drawdown | 5.53 | 9.57 | -4.04 |
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
| NOVN.SW | FWRA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.74 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 1.09 | -0.61 |
Drawdowns
NOVN.SW vs. FWRA.L - Drawdown Comparison
The maximum NOVN.SW drawdown since its inception was -42.25%, which is greater than FWRA.L's maximum drawdown of -20.42%. Use the drawdown chart below to compare losses from any high point for NOVN.SW and FWRA.L.
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Drawdown Indicators
| NOVN.SW | FWRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.25% | -20.42% | -21.83% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -7.52% | -3.26% |
Max Drawdown (3Y)Largest decline over 3 years | -16.86% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.86% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.11% | — | — |
Current DrawdownCurrent decline from peak | -8.53% | -1.43% | -7.10% |
Average DrawdownAverage peak-to-trough decline | -11.40% | -3.02% | -8.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.43% | 2.32% | +2.11% |
Volatility
NOVN.SW vs. FWRA.L - Volatility Comparison
Novartis AG (NOVN.SW) has a higher volatility of 6.01% compared to Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) at 3.38%. This indicates that NOVN.SW's price experiences larger fluctuations and is considered to be riskier than FWRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NOVN.SW | FWRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 3.38% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 13.12% | 9.52% | +3.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.53% | 12.82% | +5.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.81% | 14.60% | +3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 14.60% | +3.63% |
Dividends
NOVN.SW vs. FWRA.L - Dividend Comparison
NOVN.SW's dividend yield for the trailing twelve months is around 3.19%, while FWRA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOVN.SW Novartis AG | 3.19% | 3.19% | 3.72% | 3.77% | 3.91% | 3.94% | 3.72% | 3.27% | 3.98% | 3.98% | 4.35% | 3.58% |
Frequently Asked Questions
NOVN.SW and FWRA.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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