PAWS.L vs. FTWG.L
PAWS.L (Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc) and FTWG.L (Invesco FTSE All-World UCITS ETF USD Dist) are both Global Equities funds from Invesco - PAWS.L tracks the MSCI ACWI NR USD while FTWG.L tracks the FTSE All-World Index. Both are passively managed. Over the past year, PAWS.L returned 14.12% vs 27.44% for FTWG.L. Their correlation of 0.90 suggests significant overlap in exposure. PAWS.L charges 0.19%/yr vs 0.15%/yr for FTWG.L.
Performance
PAWS.L vs. FTWG.L - Performance Comparison
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Returns By Period
In the year-to-date period, PAWS.L achieves a 5.65% return, which is significantly lower than FTWG.L's 10.51% return.
PAWS.L
- 1D
- 0.02%
- 1M
- 0.91%
- YTD
- 5.65%
- 6M
- 6.18%
- 1Y
- 14.12%
- 3Y*
- 12.44%
- 5Y*
- —
- 10Y*
- —
FTWG.L
- 1D
- 1.62%
- 1M
- 1.71%
- YTD
- 10.51%
- 6M
- 11.39%
- 1Y
- 27.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAWS.L vs. FTWG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PAWS.L Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc | 5.65% | 7.39% | 14.93% | 11.19% |
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist | 10.51% | 14.12% | 19.92% | -13.67% |
Correlation
The correlation between PAWS.L and FTWG.L is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.90 |
The correlation between PAWS.L and FTWG.L has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
PAWS.L vs. FTWG.L — Risk / Return Rank
PAWS.L
FTWG.L
PAWS.L vs. FTWG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc (PAWS.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PAWS.L | FTWG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | +194.69 | ||
| Omega ratioGain probability vs. loss probability | 87.34 | 1.49 | +85.85 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 3.84 | -3.71 |
| Martin ratioReturn relative to average drawdown | 0.51 | 15.29 | -14.77 |
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Drawdowns
PAWS.L vs. FTWG.L - Drawdown Comparison
The maximum PAWS.L drawdown since its inception was -99.03%, which is greater than FTWG.L's maximum drawdown of -22.14%. Use the drawdown chart below to compare losses from any high point for PAWS.L and FTWG.L.
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Drawdown Indicators
| PAWS.L | FTWG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.03% | -22.14% | -76.89% |
Max Drawdown (1Y)Largest decline over 1 year | -99.02% | -7.11% | -91.91% |
Max Drawdown (3Y)Largest decline over 3 years | -99.03% | — | — |
Current DrawdownCurrent decline from peak | -3.17% | -1.62% | -1.55% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -6.69% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.63% | 1.79% | +24.84% |
Volatility
PAWS.L vs. FTWG.L - Volatility Comparison
The current volatility for Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc (PAWS.L) is 3.50%, while Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) has a volatility of 3.70%. This indicates that PAWS.L experiences smaller price fluctuations and is considered to be less risky than FTWG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAWS.L | FTWG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 3.70% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 653.26% | 7.98% | +645.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 19,679.03% | 10.60% | +19,668.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9,948.20% | 16.76% | +9,931.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9,948.20% | 16.76% | +9,931.44% |
PAWS.L vs. FTWG.L - Expense Ratio Comparison
PAWS.L has a 0.19% expense ratio, which is higher than FTWG.L's 0.15% 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
PAWS.L vs. FTWG.L - Dividend Comparison
PAWS.L has not paid dividends to shareholders, while FTWG.L's dividend yield for the trailing twelve months is around 1.26%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist | 1.26% | 1.34% | 1.50% | 0.70% |
PAWS.L Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PAWS.L and FTWG.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FTWG.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTWG.L is cheaper with a 0.15% expense ratio, compared with 0.19% for PAWS.L.
PAWS.L tracks MSCI ACWI NR USD, while FTWG.L tracks FTSE All-World Index. Their fees differ too: 0.19% for PAWS.L and 0.15% for FTWG.L.
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