PRAC.L vs. FTWG.L

Last updated Jul 16, 2026

PRAC.L (Invesco Preferred Shares UCITS ETF USD Acc) and FTWG.L (Invesco FTSE All-World UCITS ETF USD Dist) are both Global Equities funds from Invesco - PRAC.L tracks the Invesco Preferred Shares UCITS ETF USD Acc while FTWG.L tracks the FTSE All-World Index. Both are passively managed. Over the past 3 years, PRAC.L returned 3.67%/yr vs 19.25%/yr for FTWG.L. At a 0.46 correlation, their price movements are largely independent. PRAC.L charges 0.50%/yr vs 0.15%/yr for FTWG.L.

Performance

PRAC.L vs. FTWG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Preferred Shares UCITS ETF USD Acc (PRAC.L) and Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PRAC.L is traded in USD, while FTWG.L is traded in GBp. To make them comparable, the FTWG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PRAC.L achieves a -0.60% return, which is significantly lower than FTWG.L's 11.46% return.

PRAC.L

• 1D: -0.02%
• 1M: -0.21%
• 6M: -1.78%
• YTD: -0.60%
• 1Y: 2.67%
• 3Y*: 3.67%
• 5Y*: -1.71%
• 10Y*: —

FTWG.L

• 1D: 0.46%
• 1M: -0.26%
• 6M: 9.89%
• YTD: 11.46%
• 1Y: 24.22%
• 3Y*: 19.25%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023
PRAC.L Invesco Preferred Shares UCITS ETF USD Acc	-0.60%	2.50%	4.73%	6.90%
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist	11.46%	22.73%	17.92%	-13.58%

Correlation

The correlation between PRAC.L and FTWG.L is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023	0.46

The correlation between PRAC.L and FTWG.L has been stable across timeframes, ranging from 0.46 to 0.52 - a consistent structural relationship.

Return for Risk

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

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

PRAC.L

PRAC.L Risk / Return Rank: 14
PRAC.L Sharpe Ratio Rank: 13
PRAC.L Sortino Ratio Rank: 13
PRAC.L Omega Ratio Rank: 13
PRAC.L Calmar Ratio Rank: 15
PRAC.L Martin Ratio Rank: 14

FTWG.L

FTWG.L Risk / Return Rank: 81
FTWG.L Sharpe Ratio Rank: 82
FTWG.L Sortino Ratio Rank: 82
FTWG.L Omega Ratio Rank: 83
FTWG.L Calmar Ratio Rank: 77
FTWG.L Martin Ratio Rank: 81

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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco Preferred Shares UCITS ETF USD Acc (PRAC.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.

	PRAC.L	FTWG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.25	1.97	-1.71
Sortino ratio: Return per unit of downside risk	0.44	2.87	-2.43
Omega ratio: Gain probability vs. loss probability	1.06	1.35	-0.29
Calmar ratio: Return relative to maximum drawdown	0.42	2.62	-2.20
Martin ratio: Return relative to average drawdown	0.83	10.87	-10.05

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

The current PRAC.L Sharpe Ratio is 0.25, which is lower than the FTWG.L Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of PRAC.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.

Drawdowns

PRAC.L vs. FTWG.L - Drawdown Comparison

The maximum PRAC.L drawdown since its inception was -30.92%, which is greater than FTWG.L's maximum drawdown of -25.84%. Use the drawdown chart below to compare losses from any high point for PRAC.L and FTWG.L.

Drawdown Indicators

	PRAC.L	FTWG.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.92%	-25.84%	-5.08%
Max Drawdown (1Y) Largest decline over 1 year	-6.32%	-9.20%	+2.88%
Max Drawdown (3Y) Largest decline over 3 years	-12.52%	-16.89%	+4.37%
Max Drawdown (5Y) Largest decline over 5 years	-25.91%	—	—
Current Drawdown Current decline from peak	-9.17%	-0.85%	-8.32%
Average Drawdown Average peak-to-trough decline	-8.28%	-6.28%	-2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	2.22%	+1.00%

Volatility

PRAC.L vs. FTWG.L - Volatility Comparison

The current volatility for Invesco Preferred Shares UCITS ETF USD Acc (PRAC.L) is 1.99%, while Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) has a volatility of 3.43%. This indicates that PRAC.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

	PRAC.L	FTWG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.99%	3.43%	-1.44%
Volatility (6M) Calculated over the trailing 6-month period	7.73%	9.88%	-2.15%
Volatility (1Y) Calculated over the trailing 1-year period	10.50%	12.26%	-1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.23%	17.60%	-6.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.77%	17.60%	-3.83%

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

PRAC.L has a 0.50% expense ratio, which is higher than FTWG.L's 0.15% expense ratio.

Dividends

PRAC.L vs. FTWG.L - Dividend Comparison

PRAC.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%
PRAC.L Invesco Preferred Shares UCITS ETF USD Acc	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

PRAC.L and FTWG.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

FTWG.L is cheaper with a 0.15% expense ratio, compared with 0.50% for PRAC.L.

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

PRAC.L tracks Invesco Preferred Shares UCITS ETF USD Acc, while FTWG.L tracks FTSE All-World Index. Their fees differ too: 0.50% for PRAC.L and 0.15% for FTWG.L.