QVMP.DE vs. FWEA.DE

Last updated Jun 5, 2026

QVMP.DE (Invesco S&P 500 QVM UCITS ETF) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - QVMP.DE is a S&P 500 fund tracking the S&P 500 Quality, Value & Momentum Multi-Factor, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, QVMP.DE returned 20.65% vs 26.40% for FWEA.DE. A 0.56 correlation means they provide meaningful diversification when combined. QVMP.DE charges 0.35%/yr vs 0.20%/yr for FWEA.DE.

Performance

QVMP.DE vs. FWEA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco S&P 500 QVM UCITS ETF (QVMP.DE) and Invesco FTSE All-World UCITS ETF (FWEA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QVMP.DE achieves a 17.52% return, which is significantly higher than FWEA.DE's 10.64% return.

QVMP.DE

• 1D: 0.24%
• 1M: 4.97%
• YTD: 17.52%
• 6M: 18.12%
• 1Y: 20.65%
• 3Y*: 21.01%
• 5Y*: 16.50%
• 10Y*: —

FWEA.DE

• 1D: -0.24%
• 1M: 4.41%
• YTD: 10.64%
• 6M: 11.85%
• 1Y: 26.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

QVMP.DE vs. FWEA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
QVMP.DE Invesco S&P 500 QVM UCITS ETF	17.52%	1.52%	37.24%	9.68%
FWEA.DE Invesco FTSE All-World UCITS ETF	10.64%	17.53%	19.21%	8.62%

Correlation

The correlation between QVMP.DE and FWEA.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023	0.56

The correlation between QVMP.DE and FWEA.DE has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.

Return for Risk

QVMP.DE vs. FWEA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QVMP.DE

QVMP.DE Risk / Return Rank: 67
QVMP.DE Sharpe Ratio Rank: 57
QVMP.DE Sortino Ratio Rank: 60
QVMP.DE Omega Ratio Rank: 55
QVMP.DE Calmar Ratio Rank: 90
QVMP.DE Martin Ratio Rank: 71

FWEA.DE

FWEA.DE Risk / Return Rank: 72
FWEA.DE Sharpe Ratio Rank: 71
FWEA.DE Sortino Ratio Rank: 76
FWEA.DE Omega Ratio Rank: 73
FWEA.DE Calmar Ratio Rank: 65
FWEA.DE Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QVMP.DE vs. FWEA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 QVM UCITS ETF (QVMP.DE) and Invesco FTSE All-World UCITS ETF (FWEA.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.

	QVMP.DE	FWEA.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.91	2.30	-0.39
Sortino ratio: Return per unit of downside risk	2.77	3.38	-0.60
Omega ratio: Gain probability vs. loss probability	1.34	1.43	-0.09
Calmar ratio: Return relative to maximum drawdown	5.40	3.18	+2.22
Martin ratio: Return relative to average drawdown	13.12	13.52	-0.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QVMP.DE vs. FWEA.DE - Sharpe Ratio Comparison

The current QVMP.DE Sharpe Ratio is 1.91, which is comparable to the FWEA.DE Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of QVMP.DE and FWEA.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QVMP.DE	FWEA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	2.30	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	1.51	-0.69

Drawdowns

QVMP.DE vs. FWEA.DE - Drawdown Comparison

The maximum QVMP.DE drawdown since its inception was -34.10%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for QVMP.DE and FWEA.DE.

Drawdown Indicators

	QVMP.DE	FWEA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-34.10%	-17.48%	-16.62%
Max Drawdown (1Y) Largest decline over 1 year	-3.81%	-8.28%	+4.47%
Max Drawdown (3Y) Largest decline over 3 years	-19.88%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.88%	—	—
Current Drawdown Current decline from peak	-0.18%	-0.81%	+0.63%
Average Drawdown Average peak-to-trough decline	-5.04%	-1.86%	-3.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.57%	1.95%	-0.38%

Volatility

QVMP.DE vs. FWEA.DE - Volatility Comparison

The current volatility for Invesco S&P 500 QVM UCITS ETF (QVMP.DE) is 2.72%, while Invesco FTSE All-World UCITS ETF (FWEA.DE) has a volatility of 3.36%. This indicates that QVMP.DE experiences smaller price fluctuations and is considered to be less risky than FWEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QVMP.DE	FWEA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.72%	3.36%	-0.64%
Volatility (6M) Calculated over the trailing 6-month period	7.38%	8.93%	-1.55%
Volatility (1Y) Calculated over the trailing 1-year period	10.79%	11.45%	-0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.03%	12.72%	+3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.08%	12.72%	+4.36%

QVMP.DE vs. FWEA.DE - Expense Ratio Comparison

QVMP.DE has a 0.35% expense ratio, which is higher than FWEA.DE's 0.20% expense ratio.

Dividends

QVMP.DE vs. FWEA.DE - Dividend Comparison

QVMP.DE's dividend yield for the trailing twelve months is around 0.77%, while FWEA.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FWEA.DE Invesco FTSE All-World UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QVMP.DE Invesco S&P 500 QVM UCITS ETF	0.77%	0.84%	0.82%	1.61%	1.82%	0.86%	1.58%	1.38%	1.31%	0.72%

Frequently Asked Questions

Can I hold both QVMP.DE and FWEA.DE in my portfolio?

QVMP.DE and FWEA.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QVMP.DE or FWEA.DE?

On fees, FWEA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QVMP.DE or FWEA.DE?

FWEA.DE is cheaper with a 0.20% expense ratio, compared with 0.35% for QVMP.DE.

What is the main difference between QVMP.DE and FWEA.DE?

QVMP.DE is categorized as S&P 500, while FWEA.DE is Global Equities. QVMP.DE tracks S&P 500 Quality, Value & Momentum Multi-Factor, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.35% for QVMP.DE and 0.20% for FWEA.DE.