PQVG.L vs. FTWG.L

Last updated Jun 4, 2026

PQVG.L (Invesco S&P 500 QVM UCITS ETF) and FTWG.L (Invesco FTSE All-World UCITS ETF USD Dist) are both exchange-traded funds - PQVG.L is a S&P 500 fund tracking the S&P 500 Quality, Value, and Momentum Multi-Factor Index (Net Total Return), while FTWG.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, PQVG.L returned 23.87% vs 30.40% for FTWG.L. A 0.69 correlation means they provide meaningful diversification when combined. PQVG.L charges 0.35%/yr vs 0.15%/yr for FTWG.L.

Performance

PQVG.L vs. FTWG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco S&P 500 QVM UCITS ETF (PQVG.L) and Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PQVG.L achieves a 16.37% return, which is significantly higher than FTWG.L's 11.90% return.

PQVG.L

• 1D: 0.66%
• 1M: 5.52%
• YTD: 16.37%
• 6M: 16.32%
• 1Y: 23.87%
• 3Y*: 21.43%
• 5Y*: 16.59%
• 10Y*: —

FTWG.L

• 1D: -0.39%
• 1M: 5.92%
• YTD: 11.90%
• 6M: 12.72%
• 1Y: 30.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PQVG.L vs. FTWG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PQVG.L Invesco S&P 500 QVM UCITS ETF	16.37%	5.84%	32.29%	8.15%
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist	11.90%	14.12%	19.92%	7.22%

Correlation

The correlation between PQVG.L and FTWG.L is 0.51, 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	0.51
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023	0.69

The correlation between PQVG.L and FTWG.L shifts across timeframes, from 0.51 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.

PQVG.L vs. FTWG.L - Sectors Allocation Comparison

Sectors	PQVG.L	FTWG.L
Technology	24.3%	29.1%
Financial Services	21.8%	16.4%
Industrials	15.6%	11.0%
Communication Services	10.4%	8.9%
Healthcare	9.5%	7.6%
Consumer Defensive	5.6%	5.0%
Energy	5.6%	4.3%
Consumer Cyclical	4.3%	9.4%
Basic Materials	2.2%	3.9%
Utilities	0.8%	2.6%
Real Estate	-	1.9%

Return for Risk

PQVG.L vs. FTWG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PQVG.L

PQVG.L Risk / Return Rank: 76
PQVG.L Sharpe Ratio Rank: 69
PQVG.L Sortino Ratio Rank: 72
PQVG.L Omega Ratio Rank: 67
PQVG.L Calmar Ratio Rank: 91
PQVG.L Martin Ratio Rank: 84

FTWG.L

FTWG.L Risk / Return Rank: 85
FTWG.L Sharpe Ratio Rank: 87
FTWG.L Sortino Ratio Rank: 87
FTWG.L Omega Ratio Rank: 88
FTWG.L Calmar Ratio Rank: 81
FTWG.L Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PQVG.L vs. FTWG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 QVM UCITS ETF (PQVG.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.

	PQVG.L	FTWG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.29	2.94	-0.65
Sortino ratio: Return per unit of downside risk	3.27	4.04	-0.78
Omega ratio: Gain probability vs. loss probability	1.40	1.56	-0.16
Calmar ratio: Return relative to maximum drawdown	5.78	4.26	+1.52
Martin ratio: Return relative to average drawdown	17.38	17.35	+0.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PQVG.L vs. FTWG.L - Sharpe Ratio Comparison

The current PQVG.L Sharpe Ratio is 2.29, which is comparable to the FTWG.L Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of PQVG.L and FTWG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PQVG.L	FTWG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.29	2.94	-0.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	1.55	-0.66

Drawdowns

PQVG.L vs. FTWG.L - Drawdown Comparison

The maximum PQVG.L drawdown since its inception was -25.88%, which is greater than FTWG.L's maximum drawdown of -17.78%. Use the drawdown chart below to compare losses from any high point for PQVG.L and FTWG.L.

Drawdown Indicators

	PQVG.L	FTWG.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.88%	-17.78%	-8.10%
Max Drawdown (1Y) Largest decline over 1 year	-4.11%	-7.11%	+3.00%
Max Drawdown (3Y) Largest decline over 3 years	-17.44%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.44%	—	—
Current Drawdown Current decline from peak	-0.24%	-0.39%	+0.15%
Average Drawdown Average peak-to-trough decline	-4.17%	-1.99%	-2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	1.75%	-0.38%

Volatility

PQVG.L vs. FTWG.L - Volatility Comparison

The current volatility for Invesco S&P 500 QVM UCITS ETF (PQVG.L) is 2.80%, while Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) has a volatility of 3.03%. This indicates that PQVG.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.

Volatility by Period

	PQVG.L	FTWG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.80%	3.03%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	7.88%	7.59%	+0.29%
Volatility (1Y) Calculated over the trailing 1-year period	10.40%	10.31%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.89%	11.90%	+2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.25%	11.90%	+4.35%

PQVG.L vs. FTWG.L - Expense Ratio Comparison

PQVG.L has a 0.35% expense ratio, which is higher than FTWG.L's 0.15% expense ratio.

Dividends

PQVG.L vs. FTWG.L - Dividend Comparison

PQVG.L's dividend yield for the trailing twelve months is around 0.78%, less than FTWG.L's 1.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist	1.21%	1.34%	1.50%	0.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PQVG.L Invesco S&P 500 QVM UCITS ETF	0.78%	0.82%	0.82%	1.61%	1.77%	0.87%	1.59%	1.41%	1.30%	0.72%

Frequently Asked Questions

Can I hold both PQVG.L and FTWG.L in my portfolio?

PQVG.L and FTWG.L have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PQVG.L or FTWG.L?

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.

Which ETF is cheaper, PQVG.L or FTWG.L?

FTWG.L is cheaper with a 0.15% expense ratio, compared with 0.35% for PQVG.L.

What is the main difference between PQVG.L and FTWG.L?

PQVG.L is categorized as S&P 500, while FTWG.L is Global Equities. PQVG.L tracks S&P 500 Quality, Value, and Momentum Multi-Factor Index (Net Total Return), while FTWG.L tracks FTSE All-World Index. Their fees differ too: 0.35% for PQVG.L and 0.15% for FTWG.L.