P500.DE vs. FWEA.DE
P500.DE (Invesco S&P 500 UCITS ETF) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - P500.DE is a S&P 500 fund tracking the S&P 500 Index, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, P500.DE returned 25.73% vs 25.98% for FWEA.DE. A 0.76 correlation means they provide meaningful diversification when combined. P500.DE charges 0.05%/yr vs 0.20%/yr for FWEA.DE.
Performance
P500.DE vs. FWEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, P500.DE achieves a 11.47% return, which is significantly higher than FWEA.DE's 10.64% return.
P500.DE
- 1D
- -0.10%
- 1M
- 4.39%
- YTD
- 11.47%
- 6M
- 10.93%
- 1Y
- 25.73%
- 3Y*
- 19.07%
- 5Y*
- 14.99%
- 10Y*
- 15.16%
FWEA.DE
- 1D
- -0.24%
- 1M
- 2.84%
- YTD
- 10.64%
- 6M
- 11.58%
- 1Y
- 25.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
P500.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
P500.DE Invesco S&P 500 UCITS ETF | 11.47% | 4.88% | 32.56% | 9.60% |
FWEA.DE Invesco FTSE All-World UCITS ETF | 10.64% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between P500.DE and FWEA.DE is 0.79, 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 | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.76 |
The correlation between P500.DE and FWEA.DE has been stable across timeframes, ranging from 0.76 to 0.79 - a consistent structural relationship.
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Return for Risk
P500.DE vs. FWEA.DE — Risk / Return Rank
P500.DE
FWEA.DE
P500.DE vs. FWEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (P500.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.
| P500.DE | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.43 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | 3.18 | +0.44 |
| Martin ratioReturn relative to average drawdown | 12.91 | 13.52 | -0.61 |
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
| P500.DE | FWEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 2.30 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 1.51 | -0.50 |
Drawdowns
P500.DE vs. FWEA.DE - Drawdown Comparison
The maximum P500.DE drawdown since its inception was -33.78%, 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 P500.DE and FWEA.DE.
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Drawdown Indicators
| P500.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -17.48% | -16.30% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -8.28% | +1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -23.34% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -0.81% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -1.86% | -1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 1.95% | +0.04% |
Volatility
P500.DE vs. FWEA.DE - Volatility Comparison
The current volatility for Invesco S&P 500 UCITS ETF (P500.DE) is 2.65%, while Invesco FTSE All-World UCITS ETF (FWEA.DE) has a volatility of 3.36%. This indicates that P500.DE experiences smaller price fluctuations and is considered to be less risky 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
| P500.DE | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 3.36% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 8.93% | -1.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 11.45% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 12.72% | +2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 12.72% | +3.35% |
P500.DE vs. FWEA.DE - Expense Ratio Comparison
P500.DE has a 0.05% expense ratio, which is lower than FWEA.DE'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%.
Dividends
P500.DE vs. FWEA.DE - Dividend Comparison
Neither P500.DE nor FWEA.DE has paid dividends to shareholders.
Frequently Asked Questions
P500.DE and FWEA.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, P500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
P500.DE is cheaper with a 0.05% expense ratio, compared with 0.20% for FWEA.DE.
P500.DE is categorized as S&P 500, while FWEA.DE is Global Equities. P500.DE tracks S&P 500 Index, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.05% for P500.DE and 0.20% for FWEA.DE.
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