S0LR.DE vs. FWEA.DE
S0LR.DE (Invesco Solar Energy UCITS ETF Acc) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - S0LR.DE is a Energy Equities fund tracking the MAC Global Solar Energy, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, S0LR.DE returned 102.95% vs 26.40% for FWEA.DE. At a 0.46 correlation, their price movements are largely independent. S0LR.DE charges 0.69%/yr vs 0.20%/yr for FWEA.DE.
Performance
S0LR.DE vs. FWEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, S0LR.DE achieves a 39.14% return, which is significantly higher than FWEA.DE's 10.64% return.
S0LR.DE
- 1D
- -2.10%
- 1M
- 15.39%
- YTD
- 39.14%
- 6M
- 44.58%
- 1Y
- 102.95%
- 3Y*
- -3.99%
- 5Y*
- —
- 10Y*
- —
FWEA.DE
- 1D
- -0.24%
- 1M
- 4.41%
- YTD
- 10.64%
- 6M
- 11.85%
- 1Y
- 26.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
S0LR.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
S0LR.DE Invesco Solar Energy UCITS ETF Acc | 39.14% | 31.50% | -33.95% | -22.18% |
FWEA.DE Invesco FTSE All-World UCITS ETF | 10.64% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between S0LR.DE and FWEA.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.46 |
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Return for Risk
S0LR.DE vs. FWEA.DE — Risk / Return Rank
S0LR.DE
FWEA.DE
S0LR.DE vs. FWEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Solar Energy UCITS ETF Acc (S0LR.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.
| S0LR.DE | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.43 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 8.71 | 3.18 | +5.54 |
| Martin ratioReturn relative to average drawdown | 21.79 | 13.52 | +8.27 |
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
| S0LR.DE | FWEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 2.30 | +0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 1.51 | -1.63 |
Drawdowns
S0LR.DE vs. FWEA.DE - Drawdown Comparison
The maximum S0LR.DE drawdown since its inception was -73.43%, 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 S0LR.DE and FWEA.DE.
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Drawdown Indicators
| S0LR.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.43% | -17.48% | -55.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -8.28% | -3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -65.01% | — | — |
Current DrawdownCurrent decline from peak | -32.82% | -0.81% | -32.01% |
Average DrawdownAverage peak-to-trough decline | -39.70% | -1.86% | -37.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 1.95% | +2.76% |
Volatility
S0LR.DE vs. FWEA.DE - Volatility Comparison
Invesco Solar Energy UCITS ETF Acc (S0LR.DE) has a higher volatility of 12.56% compared to Invesco FTSE All-World UCITS ETF (FWEA.DE) at 3.36%. This indicates that S0LR.DE's price experiences larger fluctuations and is considered to be riskier than FWEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| S0LR.DE | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.56% | 3.36% | +9.20% |
Volatility (6M)Calculated over the trailing 6-month period | 23.50% | 8.93% | +14.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.92% | 11.45% | +22.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.23% | 12.72% | +23.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.23% | 12.72% | +23.51% |
S0LR.DE vs. FWEA.DE - Expense Ratio Comparison
S0LR.DE has a 0.69% expense ratio, which is higher than FWEA.DE's 0.20% expense ratio.
Dividends
S0LR.DE vs. FWEA.DE - Dividend Comparison
Neither S0LR.DE nor FWEA.DE has paid dividends to shareholders.
Frequently Asked Questions
S0LR.DE and FWEA.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
FWEA.DE is cheaper with a 0.20% expense ratio, compared with 0.69% for S0LR.DE.
S0LR.DE is categorized as Energy Equities, while FWEA.DE is Global Equities. S0LR.DE tracks MAC Global Solar Energy, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.69% for S0LR.DE and 0.20% for FWEA.DE.
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