PSWD.DE vs. IDEV
PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) and IDEV (iShares Core MSCI International Developed Markets ETF) are both exchange-traded funds - PSWD.DE is a Global Equities fund tracking the FTSE RAFI All-World 3000, while IDEV is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Investable Market Index. Both are passively managed. Over the past 5 years, PSWD.DE returned 13.38%/yr vs 9.51%/yr for IDEV. A 0.62 correlation means they provide meaningful diversification when combined. PSWD.DE charges 0.39%/yr vs 0.05%/yr for IDEV.
Performance
PSWD.DE vs. IDEV - Performance Comparison
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Different Trading Currencies
PSWD.DE is traded in EUR, while IDEV is traded in USD. To make them comparable, the IDEV values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, PSWD.DE achieves a 16.67% return, which is significantly higher than IDEV's 10.23% return.
PSWD.DE
- 1D
- -0.13%
- 1M
- 5.99%
- YTD
- 16.67%
- 6M
- 18.47%
- 1Y
- 33.05%
- 3Y*
- 19.16%
- 5Y*
- 13.38%
- 10Y*
- 11.99%
IDEV
- 1D
- -0.69%
- 1M
- 3.97%
- YTD
- 10.23%
- 6M
- 12.18%
- 1Y
- 20.75%
- 3Y*
- 14.29%
- 5Y*
- 9.51%
- 10Y*
- —
PSWD.DE vs. IDEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 16.67% | 14.64% | 17.68% | 12.73% | -3.63% | 31.90% | -3.90% | 26.32% | -9.60% | 3.11% |
IDEV iShares Core MSCI International Developed Markets ETF | 10.23% | 16.83% | 11.44% | 13.84% | -9.72% | 21.45% | -0.61% | 25.91% | -10.06% | 5.36% |
Correlation
The correlation between PSWD.DE and IDEV is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2017 | 0.62 |
The correlation between PSWD.DE and IDEV has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.
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Return for Risk
PSWD.DE vs. IDEV — Risk / Return Rank
PSWD.DE
IDEV
PSWD.DE vs. IDEV - 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 iShares Core MSCI International Developed Markets ETF (IDEV). 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 | IDEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.31 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 5.59 | 2.21 | +3.38 |
| Martin ratioReturn relative to average drawdown | 22.51 | 9.40 | +13.11 |
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 | IDEV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.12 | 1.65 | +1.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.69 | +0.31 |
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 | 0.53 | +0.15 |
Drawdowns
PSWD.DE vs. IDEV - Drawdown Comparison
The maximum PSWD.DE drawdown since its inception was -36.39%, which is greater than IDEV's maximum drawdown of -34.27%. Use the drawdown chart below to compare losses from any high point for PSWD.DE and IDEV.
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Drawdown Indicators
| PSWD.DE | IDEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.39% | -34.27% | -2.12% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -9.45% | +3.56% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -15.68% | -2.51% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -16.79% | -1.40% |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -0.69% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -4.27% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 2.21% | -0.75% |
Volatility
PSWD.DE vs. IDEV - Volatility Comparison
The current volatility for Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) is 3.21%, while iShares Core MSCI International Developed Markets ETF (IDEV) has a volatility of 3.75%. This indicates that PSWD.DE experiences smaller price fluctuations and is considered to be less risky than IDEV 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 | IDEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.21% | 3.75% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 7.85% | 10.39% | -2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.58% | 12.63% | -2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.16% | 13.76% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.19% | 16.09% | -0.90% |
PSWD.DE vs. IDEV - Expense Ratio Comparison
PSWD.DE has a 0.39% expense ratio, which is higher than IDEV's 0.05% expense ratio.
Dividends
PSWD.DE vs. IDEV - Dividend Comparison
PSWD.DE's dividend yield for the trailing twelve months is around 1.75%, less than IDEV's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDEV iShares Core MSCI International Developed Markets ETF | 3.13% | 3.40% | 3.30% | 3.07% | 2.69% | 3.05% | 2.00% | 3.18% | 3.16% | 1.54% | 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 IDEV have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDEV is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDEV is cheaper with a 0.05% expense ratio, compared with 0.39% for PSWD.DE.
PSWD.DE is categorized as Global Equities, while IDEV is Foreign Large Cap Equities. PSWD.DE tracks FTSE RAFI All-World 3000, while IDEV tracks MSCI World ex USA Investable Market Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for PSWD.DE and 0.05% for IDEV.
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