PDSE.DE vs. FWIA.DE
PDSE.DE (Invesco Preferred Shares UCITS ETF EUR Hedged Dist) and FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) are both exchange-traded funds - PDSE.DE is a Preferred Stock/Convertible Bonds fund tracking the ICE BofA Diversified Core Plus Fixed Rate Preferred Securities Index, while FWIA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 3 years, PDSE.DE returned 1.44%/yr vs 17.66%/yr for FWIA.DE. At a 0.34 correlation, their price movements are largely independent. PDSE.DE charges 0.55%/yr vs 0.15%/yr for FWIA.DE.
Performance
PDSE.DE vs. FWIA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PDSE.DE achieves a -1.41% return, which is significantly lower than FWIA.DE's 13.31% return.
PDSE.DE
- 1D
- 0.24%
- 1M
- -1.95%
- 6M
- -1.49%
- YTD
- -1.41%
- 1Y
- -0.55%
- 3Y*
- 1.44%
- 5Y*
- -3.94%
- 10Y*
- —
FWIA.DE
- 1D
- 0.00%
- 1M
- 0.41%
- 6M
- 13.60%
- YTD
- 13.31%
- 1Y
- 25.60%
- 3Y*
- 17.66%
- 5Y*
- —
- 10Y*
- —
PDSE.DE vs. FWIA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PDSE.DE Invesco Preferred Shares UCITS ETF EUR Hedged Dist | -1.41% | 1.64% | 1.07% | 4.73% |
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 13.31% | 9.02% | 24.70% | 7.98% |
Correlation
The correlation between PDSE.DE and FWIA.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023 | 0.34 |
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Return for Risk
PDSE.DE vs. FWIA.DE — Risk / Return Rank
PDSE.DE
FWIA.DE
PDSE.DE vs. FWIA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Preferred Shares UCITS ETF EUR Hedged Dist (PDSE.DE) and Invesco FTSE All-World UCITS ETF Acc (FWIA.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.
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.
| PDSE.DE | FWIA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -3.13 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.41 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 3.96 | -4.05 |
| Martin ratioReturn relative to average drawdown | -0.15 | 15.76 | -15.91 |
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Drawdowns
PDSE.DE vs. FWIA.DE - Drawdown Comparison
The maximum PDSE.DE drawdown since its inception was -31.94%, which is greater than FWIA.DE's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for PDSE.DE and FWIA.DE.
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Drawdown Indicators
| PDSE.DE | FWIA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.94% | -20.96% | -10.98% |
Max Drawdown (1Y)Largest decline over 1 year | -6.69% | -6.49% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -12.68% | -20.96% | +8.28% |
Max Drawdown (5Y)Largest decline over 5 years | -29.67% | — | — |
Current DrawdownCurrent decline from peak | -18.42% | -0.72% | -17.70% |
Average DrawdownAverage peak-to-trough decline | -10.80% | -2.40% | -8.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 1.63% | +1.98% |
Volatility
PDSE.DE vs. FWIA.DE - Volatility Comparison
The current volatility for Invesco Preferred Shares UCITS ETF EUR Hedged Dist (PDSE.DE) is 1.43%, while Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) has a volatility of 3.57%. This indicates that PDSE.DE experiences smaller price fluctuations and is considered to be less risky than FWIA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDSE.DE | FWIA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 3.57% | -2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 6.41% | 8.64% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.73% | 11.71% | -2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.74% | 13.18% | -2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.32% | 13.18% | +0.14% |
PDSE.DE vs. FWIA.DE - Expense Ratio Comparison
PDSE.DE has a 0.55% expense ratio, which is higher than FWIA.DE's 0.15% expense ratio.
Dividends
PDSE.DE vs. FWIA.DE - Dividend Comparison
PDSE.DE's dividend yield for the trailing twelve months is around 5.53%, while FWIA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PDSE.DE Invesco Preferred Shares UCITS ETF EUR Hedged Dist | 5.53% | 5.23% | 5.31% | 5.27% | 5.80% | 4.50% | 4.42% | 4.58% | 3.71% |
Frequently Asked Questions
PDSE.DE and FWIA.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWIA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWIA.DE is cheaper with a 0.15% expense ratio, compared with 0.55% for PDSE.DE.
PDSE.DE is categorized as Preferred Stock/Convertible Bonds, while FWIA.DE is Global Equities. PDSE.DE tracks ICE BofA Diversified Core Plus Fixed Rate Preferred Securities Index, while FWIA.DE tracks FTSE All-World Index. Their fees differ too: 0.55% for PDSE.DE and 0.15% for FWIA.DE.
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