PSWD.DE vs. MVEW.DE
PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds - PSWD.DE tracks the FTSE RAFI All-World 3000 while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, PSWD.DE returned 13.34%/yr vs 6.47%/yr for MVEW.DE. A 0.70 correlation means they provide meaningful diversification when combined. PSWD.DE charges 0.39%/yr vs 0.30%/yr for MVEW.DE.
Performance
PSWD.DE vs. MVEW.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 MVEW.DE's 1.17% 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%
MVEW.DE
- 1D
- 0.07%
- 1M
- 1.79%
- YTD
- 1.17%
- 6M
- 1.16%
- 1Y
- 0.46%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
PSWD.DE vs. MVEW.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% | 20.95% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 6.27% | -5.98% | 26.26% | 1.55% |
Correlation
The correlation between PSWD.DE and MVEW.DE 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 | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.70 |
Over the past year, the correlation between PSWD.DE and MVEW.DE has dropped to 0.47 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
PSWD.DE vs. MVEW.DE — Risk / Return Rank
PSWD.DE
MVEW.DE
PSWD.DE vs. MVEW.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 Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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 | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.05 | ||
| Sortino ratioReturn per unit of downside risk | +4.03 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.02 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 5.56 | 0.10 | +5.46 |
| Martin ratioReturn relative to average drawdown | 22.39 | 0.20 | +22.19 |
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 | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 0.06 | +3.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.62 | +0.38 |
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 | 0.63 | +0.05 |
Drawdowns
PSWD.DE vs. MVEW.DE - Drawdown Comparison
The maximum PSWD.DE drawdown since its inception was -36.39%, which is greater than MVEW.DE's maximum drawdown of -13.19%. Use the drawdown chart below to compare losses from any high point for PSWD.DE and MVEW.DE.
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Drawdown Indicators
| PSWD.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.39% | -13.19% | -23.20% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -4.68% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -13.19% | -5.00% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -13.19% | -5.00% |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -5.75% | +5.44% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -3.83% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 2.27% | -0.81% |
Volatility
PSWD.DE vs. MVEW.DE - Volatility Comparison
Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) has a higher volatility of 3.08% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) at 2.58%. This indicates that PSWD.DE's price experiences larger fluctuations and is considered to be riskier than MVEW.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 | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.58% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 5.42% | +2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.54% | 7.97% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.16% | 10.25% | +2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.19% | 10.82% | +4.37% |
PSWD.DE vs. MVEW.DE - Expense Ratio Comparison
PSWD.DE has a 0.39% expense ratio, which is higher than MVEW.DE's 0.30% expense ratio.
Dividends
PSWD.DE vs. MVEW.DE - Dividend Comparison
PSWD.DE's dividend yield for the trailing twelve months is around 1.75%, while MVEW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 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 MVEW.DE 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, MVEW.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEW.DE is cheaper with a 0.30% expense ratio, compared with 0.39% for PSWD.DE.
PSWD.DE tracks FTSE RAFI All-World 3000, while MVEW.DE tracks MSCI ACWI NR USD. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.39% for PSWD.DE and 0.30% for MVEW.DE.
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