PRAC.L vs. FWRG.L
PRAC.L (Invesco Preferred Shares UCITS ETF USD Acc) and FWRG.L (Invesco FTSE All-World UCITS ETF Acc) are both Global Equities funds from Invesco - PRAC.L tracks the Invesco Preferred Shares UCITS ETF USD Acc while FWRG.L tracks the FTSE All-World Index. Both are passively managed. Over the past 3 years, PRAC.L returned 3.67%/yr vs 17.95%/yr for FWRG.L. At a 0.39 correlation, their price movements are largely independent. PRAC.L charges 0.50%/yr vs 0.15%/yr for FWRG.L.
Performance
PRAC.L vs. FWRG.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 FWRG.L's 10.88% 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*
- —
FWRG.L
- 1D
- -0.63%
- 1M
- -1.13%
- 6M
- 9.15%
- YTD
- 10.88%
- 1Y
- 22.81%
- 3Y*
- 17.95%
- 5Y*
- —
- 10Y*
- —
PRAC.L vs. FWRG.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% |
FWRG.L Invesco FTSE All-World UCITS ETF Acc | 10.88% | 13.84% | 20.11% | 8,531.38% |
Correlation
The correlation between PRAC.L and FWRG.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.39 |
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Return for Risk
PRAC.L vs. FWRG.L — Risk / Return Rank
PRAC.L
FWRG.L
PRAC.L vs. FWRG.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 Acc (FWRG.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 | FWRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.39 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 3.18 | -2.76 |
| Martin ratioReturn relative to average drawdown | 0.83 | 12.26 | -11.43 |
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Drawdowns
PRAC.L vs. FWRG.L - Drawdown Comparison
The maximum PRAC.L drawdown since its inception was -30.92%, which is greater than FWRG.L's maximum drawdown of -18.87%. Use the drawdown chart below to compare losses from any high point for PRAC.L and FWRG.L.
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Drawdown Indicators
| PRAC.L | FWRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.92% | -18.87% | -12.05% |
Max Drawdown (1Y)Largest decline over 1 year | -6.32% | -7.14% | +0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -12.52% | -18.87% | +6.35% |
Max Drawdown (5Y)Largest decline over 5 years | -25.91% | — | — |
Current DrawdownCurrent decline from peak | -9.17% | -2.11% | -7.06% |
Average DrawdownAverage peak-to-trough decline | -8.28% | -2.23% | -6.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 1.86% | +1.36% |
Volatility
PRAC.L vs. FWRG.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 Acc (FWRG.L) has a volatility of 3.13%. This indicates that PRAC.L experiences smaller price fluctuations and is considered to be less risky than FWRG.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 | FWRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 3.13% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 7.73% | 8.52% | -0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.50% | 10.92% | -0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.23% | 4,417.24% | -4,406.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.77% | 4,417.24% | -4,403.47% |
PRAC.L vs. FWRG.L - Expense Ratio Comparison
PRAC.L has a 0.50% expense ratio, which is higher than FWRG.L's 0.15% expense ratio.
Dividends
PRAC.L vs. FWRG.L - Dividend Comparison
Neither PRAC.L nor FWRG.L has paid dividends to shareholders.
Frequently Asked Questions
PRAC.L and FWRG.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWRG.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWRG.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 FWRG.L tracks FTSE All-World Index. Their fees differ too: 0.50% for PRAC.L and 0.15% for FWRG.L.
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