PRFP.L vs. FTWG.L
PRFP.L (Invesco Preferred Shares UCITS ETF) and FTWG.L (Invesco FTSE All-World UCITS ETF USD Dist) are both Global Equities funds from Invesco - PRFP.L tracks the Invesco Preferred Shares UCITS ETF while FTWG.L tracks the FTSE All-World Index. Both are passively managed. Over the past 3 years, PRFP.L returned 2.70%/yr vs 17.94%/yr for FTWG.L. At a 0.43 correlation, their price movements are largely independent. PRFP.L charges 0.50%/yr vs 0.15%/yr for FTWG.L.
Performance
PRFP.L vs. FTWG.L - Performance Comparison
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Returns By Period
In the year-to-date period, PRFP.L achieves a -0.84% return, which is significantly lower than FTWG.L's 10.82% return.
PRFP.L
- 1D
- -0.70%
- 1M
- -0.58%
- 6M
- -1.97%
- YTD
- -0.84%
- 1Y
- 2.08%
- 3Y*
- 2.70%
- 5Y*
- -1.28%
- 10Y*
- —
FTWG.L
- 1D
- -0.68%
- 1M
- -1.15%
- 6M
- 9.12%
- YTD
- 10.82%
- 1Y
- 22.80%
- 3Y*
- 17.94%
- 5Y*
- —
- 10Y*
- —
PRFP.L vs. FTWG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PRFP.L Invesco Preferred Shares UCITS ETF | -0.84% | -4.46% | 6.43% | 6.58% |
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist | 10.82% | 14.12% | 19.92% | -13.67% |
Correlation
The correlation between PRFP.L and FTWG.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.43 |
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Return for Risk
PRFP.L vs. FTWG.L — Risk / Return Rank
PRFP.L
FTWG.L
PRFP.L vs. FTWG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Preferred Shares UCITS ETF (PRFP.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.
| PRFP.L | FTWG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.39 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | 3.19 | -2.79 |
| Martin ratioReturn relative to average drawdown | 0.76 | 12.44 | -11.69 |
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Drawdowns
PRFP.L vs. FTWG.L - Drawdown Comparison
The maximum PRFP.L drawdown since its inception was -33.34%, which is greater than FTWG.L's maximum drawdown of -22.14%. Use the drawdown chart below to compare losses from any high point for PRFP.L and FTWG.L.
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Drawdown Indicators
| PRFP.L | FTWG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.34% | -22.14% | -11.20% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -7.11% | +2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -13.79% | -17.78% | +3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -20.03% | — | — |
Current DrawdownCurrent decline from peak | -19.04% | -1.99% | -17.05% |
Average DrawdownAverage peak-to-trough decline | -16.25% | -6.53% | -9.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 1.83% | +0.90% |
Volatility
PRFP.L vs. FTWG.L - Volatility Comparison
The current volatility for Invesco Preferred Shares UCITS ETF (PRFP.L) is 2.64%, while Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) has a volatility of 3.21%. This indicates that PRFP.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.
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Volatility by Period
| PRFP.L | FTWG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.64% | 3.21% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 5.89% | 8.46% | -2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.75% | 10.88% | -3.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.19% | 16.63% | -5.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.02% | 16.63% | -1.61% |
PRFP.L vs. FTWG.L - Expense Ratio Comparison
PRFP.L has a 0.50% expense ratio, which is higher than FTWG.L's 0.15% expense ratio.
Dividends
PRFP.L vs. FTWG.L - Dividend Comparison
PRFP.L's dividend yield for the trailing twelve months is around 5.58%, more than FTWG.L's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist | 1.26% | 1.34% | 1.50% | 0.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRFP.L Invesco Preferred Shares UCITS ETF | 5.58% | 5.38% | 5.08% | 5.39% | 5.57% | 4.36% | 4.81% | 4.64% | 5.05% | 0.57% |
Frequently Asked Questions
PRFP.L and FTWG.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
FTWG.L is cheaper with a 0.15% expense ratio, compared with 0.50% for PRFP.L.
PRFP.L tracks Invesco Preferred Shares UCITS ETF, while FTWG.L tracks FTSE All-World Index. Their fees differ too: 0.50% for PRFP.L and 0.15% for FTWG.L.
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