PACW.L vs. FTWG.L
PACW.L (Amundi Prime All Country World UCITS ETF Income) and FTWG.L (Invesco FTSE All-World UCITS ETF USD Dist) are both Global Equities funds - PACW.L tracks the Solactive GBS Global Markets Large & Mid Cap Index while FTWG.L tracks the FTSE All-World Index. Both are passively managed. Over the past year, PACW.L returned 30.29% vs 30.16% for FTWG.L. With a 0.98 correlation, they move nearly in lockstep. PACW.L charges 0.07%/yr vs 0.15%/yr for FTWG.L.
Performance
PACW.L vs. FTWG.L - Performance Comparison
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Different Trading Currencies
PACW.L is traded in GBP, while FTWG.L is traded in GBp. To make them comparable, the FTWG.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with PACW.L having a 11.92% return and FTWG.L slightly lower at 11.87%.
PACW.L
- 1D
- -0.04%
- 1M
- 5.24%
- YTD
- 11.92%
- 6M
- 12.31%
- 1Y
- 30.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTWG.L
- 1D
- -0.03%
- 1M
- 5.38%
- YTD
- 11.87%
- 6M
- 12.43%
- 1Y
- 30.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PACW.L vs. FTWG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PACW.L Amundi Prime All Country World UCITS ETF Income | 11.92% | 9.58% |
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist | 11.87% | 9.47% |
Correlation
The correlation between PACW.L and FTWG.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025 | 0.98 |
The correlation between PACW.L and FTWG.L has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
PACW.L vs. FTWG.L — Risk / Return Rank
PACW.L
FTWG.L
PACW.L vs. FTWG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Prime All Country World UCITS ETF Income (PACW.L) and Invesco FTSE All-World UCITS ETF USD Dist (FTWG.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.
| PACW.L | FTWG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.56 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.27 | 4.23 | +0.05 |
| Martin ratioReturn relative to average drawdown | 17.43 | 17.22 | +0.21 |
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
| PACW.L | FTWG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.89 | 2.92 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 1.55 | -0.31 |
Drawdowns
PACW.L vs. FTWG.L - Drawdown Comparison
The maximum PACW.L drawdown since its inception was -17.68%, roughly equal to the maximum FTWG.L drawdown of -17.78%. Use the drawdown chart below to compare losses from any high point for PACW.L and FTWG.L.
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Drawdown Indicators
| PACW.L | FTWG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.68% | -17.78% | +0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.06% | -7.11% | +0.05% |
Current DrawdownCurrent decline from peak | -0.46% | -0.42% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -1.99% | -1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.73% | 1.75% | -0.02% |
Volatility
PACW.L vs. FTWG.L - Volatility Comparison
Amundi Prime All Country World UCITS ETF Income (PACW.L) and Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) have volatilities of 2.93% and 3.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PACW.L | FTWG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.93% | 3.04% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 7.75% | 7.59% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.42% | 10.28% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 11.89% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.91% | 11.89% | +2.02% |
PACW.L vs. FTWG.L - Expense Ratio Comparison
PACW.L has a 0.07% expense ratio, which is lower than FTWG.L's 0.15% 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
PACW.L vs. FTWG.L - Dividend Comparison
PACW.L's dividend yield for the trailing twelve months is around 1.23%, which matches FTWG.L's 1.22% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist | 1.22% | 1.34% | 1.50% | 0.70% |
PACW.L Amundi Prime All Country World UCITS ETF Income | 1.23% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, PACW.L and FTWG.L 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, PACW.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PACW.L is cheaper with a 0.07% expense ratio, compared with 0.15% for FTWG.L.
PACW.L tracks Solactive GBS Global Markets Large & Mid Cap Index, while FTWG.L tracks FTSE All-World Index. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.07% for PACW.L and 0.15% for FTWG.L.
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