PSWD.DE vs. ECLM.DE
PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) and ECLM.DE (HANetf iClima Global Decarbonisation Enablers UCITS ETF) are both Global Equities funds - PSWD.DE tracks the FTSE RAFI All-World 3000 while ECLM.DE tracks the iClima Global Decarbonisation Enablers. Both are passively managed. Over the past 5 years, PSWD.DE returned 13.34%/yr vs -0.34%/yr for ECLM.DE. A 0.73 correlation means they provide meaningful diversification when combined. PSWD.DE charges 0.39%/yr vs 0.65%/yr for ECLM.DE.
Performance
PSWD.DE vs. ECLM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, PSWD.DE achieves a 16.46% return, which is significantly lower than ECLM.DE's 18.15% return.
PSWD.DE
- 1D
- -0.19%
- 1M
- 4.72%
- YTD
- 16.46%
- 6M
- 17.75%
- 1Y
- 32.88%
- 3Y*
- 18.93%
- 5Y*
- 13.34%
- 10Y*
- 11.86%
ECLM.DE
- 1D
- -1.47%
- 1M
- 5.70%
- YTD
- 18.15%
- 6M
- 17.28%
- 1Y
- 37.06%
- 3Y*
- 4.30%
- 5Y*
- -0.34%
- 10Y*
- —
PSWD.DE vs. ECLM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 16.46% | 14.64% | 17.68% | 12.73% | -3.63% | 31.90% | 0.38% |
ECLM.DE HANetf iClima Global Decarbonisation Enablers UCITS ETF | 18.15% | 12.83% | -11.47% | 1.02% | -23.37% | 14.89% | 7.80% |
Correlation
The correlation between PSWD.DE and ECLM.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2020 | 0.73 |
The correlation between PSWD.DE and ECLM.DE has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.
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Return for Risk
PSWD.DE vs. ECLM.DE — Risk / Return Rank
PSWD.DE
ECLM.DE
PSWD.DE vs. ECLM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) and HANetf iClima Global Decarbonisation Enablers UCITS ETF (ECLM.DE). 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.
| PSWD.DE | ECLM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.32 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 5.56 | 1.87 | +3.69 |
| Martin ratioReturn relative to average drawdown | 22.39 | 3.63 | +18.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSWD.DE | ECLM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 1.29 | +1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | -0.01 | +1.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.10 | +0.58 |
Drawdowns
PSWD.DE vs. ECLM.DE - Drawdown Comparison
The maximum PSWD.DE drawdown since its inception was -36.39%, smaller than the maximum ECLM.DE drawdown of -49.88%. Use the drawdown chart below to compare losses from any high point for PSWD.DE and ECLM.DE.
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Drawdown Indicators
| PSWD.DE | ECLM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.39% | -49.88% | +13.49% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -19.77% | +13.88% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -36.17% | +17.98% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -49.88% | +31.69% |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -16.23% | +15.92% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -24.19% | +19.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 10.19% | -8.73% |
Volatility
PSWD.DE vs. ECLM.DE - Volatility Comparison
The current volatility for Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) is 3.08%, while HANetf iClima Global Decarbonisation Enablers UCITS ETF (ECLM.DE) has a volatility of 6.50%. This indicates that PSWD.DE experiences smaller price fluctuations and is considered to be less risky than ECLM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSWD.DE | ECLM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 6.50% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 13.35% | -5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.54% | 28.64% | -18.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.16% | 23.04% | -9.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.19% | 23.35% | -8.16% |
PSWD.DE vs. ECLM.DE - Expense Ratio Comparison
PSWD.DE has a 0.39% expense ratio, which is lower than ECLM.DE's 0.65% expense ratio.
Dividends
PSWD.DE vs. ECLM.DE - Dividend Comparison
PSWD.DE's dividend yield for the trailing twelve months is around 1.75%, while ECLM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECLM.DE HANetf iClima Global Decarbonisation Enablers UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 1.75% | 2.03% | 2.27% | 2.48% | 2.66% | 1.92% | 1.98% | 2.37% | 2.56% | 2.06% | 1.97% | 2.02% |
Frequently Asked Questions
PSWD.DE and ECLM.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PSWD.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSWD.DE is cheaper with a 0.39% expense ratio, compared with 0.65% for ECLM.DE.
PSWD.DE tracks FTSE RAFI All-World 3000, while ECLM.DE tracks iClima Global Decarbonisation Enablers. They also come from different issuers: Invesco and HANetf. Their fees differ too: 0.39% for PSWD.DE and 0.65% for ECLM.DE.
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