PSWD.DE vs. PSRW.L
PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) and PSRW.L (Invesco FTSE RAFI All World 3000 UCITS ETF) are both Global Equities funds from Invesco - PSWD.DE tracks the FTSE RAFI All-World 3000 while PSRW.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 10 years, PSWD.DE returned 11.86%/yr vs 11.88%/yr for PSRW.L. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.39% expense ratio.
Performance
PSWD.DE vs. PSRW.L - Performance Comparison
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Different Trading Currencies
PSWD.DE is traded in EUR, while PSRW.L is traded in GBp. To make them comparable, the PSRW.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with PSWD.DE having a 16.46% return and PSRW.L slightly higher at 16.50%. Both investments have delivered pretty close results over the past 10 years, with PSWD.DE having a 11.86% annualized return and PSRW.L not far ahead at 11.88%.
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%
PSRW.L
- 1D
- -0.31%
- 1M
- 4.97%
- YTD
- 16.50%
- 6M
- 17.87%
- 1Y
- 33.06%
- 3Y*
- 18.89%
- 5Y*
- 13.36%
- 10Y*
- 11.88%
PSWD.DE vs. PSRW.L - 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% |
PSRW.L Invesco FTSE RAFI All World 3000 UCITS ETF | 16.50% | 13.71% | 18.40% | 12.42% | -2.86% | 30.35% | -2.91% | 25.33% | -9.00% | 5.04% |
Correlation
The correlation between PSWD.DE and PSRW.L is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2014 | 0.84 |
The correlation between PSWD.DE and PSRW.L has been stable across timeframes, ranging from 0.84 to 0.92 - a consistent structural relationship.
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Return for Risk
PSWD.DE vs. PSRW.L — Risk / Return Rank
PSWD.DE
PSRW.L
PSWD.DE vs. PSRW.L - 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 Invesco FTSE RAFI All World 3000 UCITS ETF (PSRW.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.
| PSWD.DE | PSRW.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.62 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.56 | 5.76 | -0.20 |
| Martin ratioReturn relative to average drawdown | 22.39 | 22.85 | -0.46 |
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 | PSRW.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 3.25 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 1.02 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | 0.78 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.48 | +0.20 |
Drawdowns
PSWD.DE vs. PSRW.L - Drawdown Comparison
The maximum PSWD.DE drawdown since its inception was -36.39%, smaller than the maximum PSRW.L drawdown of -58.89%. Use the drawdown chart below to compare losses from any high point for PSWD.DE and PSRW.L.
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Drawdown Indicators
| PSWD.DE | PSRW.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.39% | -58.89% | +22.50% |
Max Drawdown (1Y)Largest decline over 1 year | -5.89% | -5.71% | -0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -16.88% | -1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -16.88% | -1.31% |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | -35.77% | -0.62% |
Current DrawdownCurrent decline from peak | -0.31% | -0.31% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -5.52% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 1.44% | +0.02% |
Volatility
PSWD.DE vs. PSRW.L - Volatility Comparison
Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) has a higher volatility of 3.08% compared to Invesco FTSE RAFI All World 3000 UCITS ETF (PSRW.L) at 2.77%. This indicates that PSWD.DE's price experiences larger fluctuations and is considered to be riskier than PSRW.L 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 | PSRW.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 2.77% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.86% | 7.30% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.54% | 10.14% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.16% | 13.07% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.19% | 15.25% | -0.06% |
PSWD.DE vs. PSRW.L - Expense Ratio Comparison
Both PSWD.DE and PSRW.L have an expense ratio of 0.39%.
Dividends
PSWD.DE vs. PSRW.L - Dividend Comparison
PSWD.DE's dividend yield for the trailing twelve months is around 1.75%, which matches PSRW.L's 1.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSRW.L Invesco FTSE RAFI All World 3000 UCITS ETF | 1.74% | 2.00% | 2.29% | 2.46% | 2.58% | 1.96% | 1.99% | 2.45% | 2.52% | 2.03% | 1.93% | 2.00% |
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
With a correlation of 0.92, PSWD.DE and PSRW.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.39% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
PSWD.DE and PSRW.L have the same expense ratio: 0.39% per year.
PSWD.DE tracks FTSE RAFI All-World 3000, while PSRW.L tracks MSCI ACWI Value NR USD.
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