PSWD.DE vs. ISPA.DE
PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) and ISPA.DE (iShares STOXX Global Select Dividend 100 UCITS ETF (DE)) are both Global Equities funds - PSWD.DE tracks the FTSE RAFI All-World 3000 while ISPA.DE tracks the STOXX® Global Select Dividend 100 index. Both are passively managed. Over the past 10 years, PSWD.DE returned 11.86%/yr vs 8.98%/yr for ISPA.DE. Their correlation of 0.81 suggests significant overlap in exposure. PSWD.DE charges 0.39%/yr vs 0.46%/yr for ISPA.DE.
Performance
PSWD.DE vs. ISPA.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 higher than ISPA.DE's 13.48% return. Over the past 10 years, PSWD.DE has outperformed ISPA.DE with an annualized return of 11.86%, while ISPA.DE has yielded a comparatively lower 8.98% annualized 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%
ISPA.DE
- 1D
- 0.49%
- 1M
- 2.52%
- YTD
- 13.48%
- 6M
- 15.47%
- 1Y
- 29.54%
- 3Y*
- 18.65%
- 5Y*
- 11.00%
- 10Y*
- 8.98%
PSWD.DE vs. ISPA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 16.46% | 14.64% | 17.68% | 12.73% | -3.63% | 31.90% | -3.90% | 26.32% | -9.60% | 5.60% |
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 13.48% | 19.72% | 12.97% | 4.80% | 0.43% | 22.39% | -9.12% | 24.24% | -7.51% | 2.97% |
Correlation
The correlation between PSWD.DE and ISPA.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2014 | 0.81 |
The correlation between PSWD.DE and ISPA.DE has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
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Return for Risk
PSWD.DE vs. ISPA.DE — Risk / Return Rank
PSWD.DE
ISPA.DE
PSWD.DE vs. ISPA.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 iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.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 | ISPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.62 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.56 | 8.10 | -2.54 |
| Martin ratioReturn relative to average drawdown | 22.39 | 28.73 | -6.34 |
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 | ISPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 3.35 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.91 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.60 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.68 | 0.00 |
Drawdowns
PSWD.DE vs. ISPA.DE - Drawdown Comparison
The maximum PSWD.DE drawdown since its inception was -36.39%, smaller than the maximum ISPA.DE drawdown of -38.91%. Use the drawdown chart below to compare losses from any high point for PSWD.DE and ISPA.DE.
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Drawdown Indicators
| PSWD.DE | ISPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.39% | -38.91% | +2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -3.63% | -2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -15.10% | -3.09% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -15.10% | -3.09% |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | -38.91% | +2.52% |
Current DrawdownCurrent decline from peak | -0.31% | -1.09% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -4.46% | -0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 1.03% | +0.43% |
Volatility
PSWD.DE vs. ISPA.DE - Volatility Comparison
Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) has a higher volatility of 3.08% compared to iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) at 2.62%. This indicates that PSWD.DE's price experiences larger fluctuations and is considered to be riskier than ISPA.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 | ISPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.62% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 6.51% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.54% | 8.77% | +1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.16% | 12.00% | +1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.19% | 14.79% | +0.40% |
PSWD.DE vs. ISPA.DE - Expense Ratio Comparison
PSWD.DE has a 0.39% expense ratio, which is lower than ISPA.DE's 0.46% expense ratio.
Dividends
PSWD.DE vs. ISPA.DE - Dividend Comparison
PSWD.DE's dividend yield for the trailing twelve months is around 1.75%, less than ISPA.DE's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISPA.DE iShares STOXX Global Select Dividend 100 UCITS ETF (DE) | 3.75% | 4.52% | 4.89% | 5.91% | 6.92% | 3.32% | 4.04% | 4.02% | 3.37% | 5.66% | 3.64% | 4.35% |
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 ISPA.DE have a correlation of 0.82, 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 0.46% for ISPA.DE.
PSWD.DE tracks FTSE RAFI All-World 3000, while ISPA.DE tracks STOXX® Global Select Dividend 100 index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for PSWD.DE and 0.46% for ISPA.DE.
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