PRAC.L vs. FWRA.L
PRAC.L (Invesco Preferred Shares UCITS ETF USD Acc) and FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) are both Global Equities funds from Invesco - PRAC.L tracks the Invesco Preferred Shares UCITS ETF USD Acc while FWRA.L tracks the FTSE All-World Index. Both are passively managed. Over the past 3 years, PRAC.L returned 3.67%/yr vs 19.09%/yr for FWRA.L. At a 0.48 correlation, their price movements are largely independent. PRAC.L charges 0.50%/yr vs 0.15%/yr for FWRA.L.
Performance
PRAC.L vs. FWRA.L - Performance Comparison
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Returns By Period
In the year-to-date period, PRAC.L achieves a -0.60% return, which is significantly lower than FWRA.L's 11.06% 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*
- —
FWRA.L
- 1D
- 0.11%
- 1M
- -0.64%
- 6M
- 9.50%
- YTD
- 11.06%
- 1Y
- 23.54%
- 3Y*
- 19.09%
- 5Y*
- —
- 10Y*
- —
PRAC.L vs. FWRA.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% |
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation | 11.06% | 22.42% | 18.04% | 10.02% |
Correlation
The correlation between PRAC.L and FWRA.L is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.48 |
The correlation between PRAC.L and FWRA.L has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.
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Return for Risk
PRAC.L vs. FWRA.L — Risk / Return Rank
PRAC.L
FWRA.L
PRAC.L vs. FWRA.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 Accumulation (FWRA.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 | FWRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.34 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 2.68 | -2.26 |
| Martin ratioReturn relative to average drawdown | 0.83 | 10.70 | -9.87 |
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Drawdowns
PRAC.L vs. FWRA.L - Drawdown Comparison
The maximum PRAC.L drawdown since its inception was -30.92%, which is greater than FWRA.L's maximum drawdown of -16.50%. Use the drawdown chart below to compare losses from any high point for PRAC.L and FWRA.L.
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Drawdown Indicators
| PRAC.L | FWRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.92% | -16.50% | -14.42% |
Max Drawdown (1Y)Largest decline over 1 year | -6.32% | -8.78% | +2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -12.52% | -16.50% | +3.98% |
Max Drawdown (5Y)Largest decline over 5 years | -25.91% | — | — |
Current DrawdownCurrent decline from peak | -9.17% | -1.16% | -8.01% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -1.92% | -6.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 2.20% | +1.02% |
Volatility
PRAC.L vs. FWRA.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 Accumulation (FWRA.L) has a volatility of 3.20%. This indicates that PRAC.L experiences smaller price fluctuations and is considered to be less risky than FWRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRAC.L | FWRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 3.20% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 10.60% | -2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.50% | 12.88% | -2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.23% | 13.61% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.77% | 13.61% | +0.16% |
PRAC.L vs. FWRA.L - Expense Ratio Comparison
PRAC.L has a 0.50% expense ratio, which is higher than FWRA.L's 0.15% expense ratio.
Dividends
PRAC.L vs. FWRA.L - Dividend Comparison
Neither PRAC.L nor FWRA.L has paid dividends to shareholders.
Frequently Asked Questions
PRAC.L and FWRA.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWRA.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWRA.L is cheaper with a 0.15% expense ratio, compared with 0.50% for PRAC.L.
PRAC.L tracks Invesco Preferred Shares UCITS ETF USD Acc, while FWRA.L tracks FTSE All-World Index. Their fees differ too: 0.50% for PRAC.L and 0.15% for FWRA.L.
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