SCHG vs. FWRA.L

Last updated Jun 9, 2026

SCHG (Schwab U.S. Large-Cap Growth ETF) and FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) are both exchange-traded funds - SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while FWRA.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, SCHG returned 20.82% vs 25.89% for FWRA.L. A 0.53 correlation means they provide meaningful diversification when combined. SCHG charges 0.04%/yr vs 0.15%/yr for FWRA.L.

Performance

SCHG vs. FWRA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Large-Cap Growth ETF (SCHG) and Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHG achieves a 3.75% return, which is significantly lower than FWRA.L's 9.27% return.

SCHG

• 1D: 0.15%
• 1M: -0.94%
• YTD: 3.75%
• 6M: 2.93%
• 1Y: 20.82%
• 3Y*: 24.03%
• 5Y*: 14.90%
• 10Y*: 18.53%

FWRA.L

• 1D: -0.43%
• 1M: 0.22%
• YTD: 9.27%
• 6M: 10.72%
• 1Y: 25.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCHG vs. FWRA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SCHG Schwab U.S. Large-Cap Growth ETF	3.75%	17.50%	34.95%	13.35%
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation	9.27%	22.42%	18.04%	10.02%

Correlation

The correlation between SCHG and FWRA.L is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023	0.53

The correlation between SCHG and FWRA.L shifts across timeframes, from 0.53 (all time) to 0.65 (1 year), reflecting how their relationship changes across market environments.

SCHG vs. FWRA.L - Sectors Allocation Comparison

Sectors	SCHG	FWRA.L
Technology	46.3%	29.1%
Communication Services	16.0%	8.9%
Consumer Cyclical	12.7%	9.4%
Healthcare	7.7%	7.6%
Financial Services	6.7%	16.4%
Industrials	5.8%	11.0%
Consumer Defensive	1.7%	5.0%
Basic Materials	1.4%	3.9%
Energy	0.8%	4.3%
Real Estate	0.5%	1.9%
Utilities	0.4%	2.6%

Return for Risk

SCHG vs. FWRA.L — Risk / Return Rank

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

SCHG

SCHG Risk / Return Rank: 36
SCHG Sharpe Ratio Rank: 42
SCHG Sortino Ratio Rank: 39
SCHG Omega Ratio Rank: 40
SCHG Calmar Ratio Rank: 29
SCHG Martin Ratio Rank: 32

FWRA.L

FWRA.L Risk / Return Rank: 71
FWRA.L Sharpe Ratio Rank: 70
FWRA.L Sortino Ratio Rank: 76
FWRA.L Omega Ratio Rank: 72
FWRA.L Calmar Ratio Rank: 65
FWRA.L Martin Ratio Rank: 72

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.

SCHG vs. FWRA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Growth ETF (SCHG) and Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.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.

	SCHG	FWRA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.33	2.07	-0.74
Sortino ratio: Return per unit of downside risk	1.82	3.08	-1.25
Omega ratio: Gain probability vs. loss probability	1.24	1.38	-0.15
Calmar ratio: Return relative to maximum drawdown	1.27	2.95	-1.67
Martin ratio: Return relative to average drawdown	4.25	12.33	-8.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHG vs. FWRA.L - Sharpe Ratio Comparison

The current SCHG Sharpe Ratio is 1.33, which is lower than the FWRA.L Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of SCHG and FWRA.L, 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

	SCHG	FWRA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	2.07	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	1.51	-0.68

Drawdowns

SCHG vs. FWRA.L - Drawdown Comparison

The maximum SCHG drawdown since its inception was -34.59%, which is greater than FWRA.L's maximum drawdown of -16.50%. Use the drawdown chart below to compare losses from any high point for SCHG and FWRA.L.

Drawdown Indicators

	SCHG	FWRA.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.59%	-16.50%	-18.09%
Max Drawdown (1Y) Largest decline over 1 year	-16.41%	-8.78%	-7.63%
Max Drawdown (3Y) Largest decline over 3 years	-23.39%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.59%	—	—
Current Drawdown Current decline from peak	-4.25%	-2.75%	-1.50%
Average Drawdown Average peak-to-trough decline	-5.20%	-1.92%	-3.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	2.10%	+2.81%

Volatility

SCHG vs. FWRA.L - Volatility Comparison

Schwab U.S. Large-Cap Growth ETF (SCHG) has a higher volatility of 4.52% compared to Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) at 3.90%. This indicates that SCHG's price experiences larger fluctuations and is considered to be riskier than FWRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHG	FWRA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	3.90%	+0.62%
Volatility (6M) Calculated over the trailing 6-month period	12.02%	9.98%	+2.04%
Volatility (1Y) Calculated over the trailing 1-year period	15.77%	12.55%	+3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.31%	13.63%	+8.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.58%	13.63%	+7.95%

SCHG vs. FWRA.L - Expense Ratio Comparison

SCHG has a 0.04% expense ratio, which is lower than FWRA.L's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SCHG vs. FWRA.L - Dividend Comparison

SCHG's dividend yield for the trailing twelve months is around 0.37%, while FWRA.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHG Schwab U.S. Large-Cap Growth ETF	0.37%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Frequently Asked Questions

Can I hold both SCHG and FWRA.L in my portfolio?

SCHG and FWRA.L have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCHG or FWRA.L?

On fees, SCHG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCHG or FWRA.L?

SCHG is cheaper with a 0.04% expense ratio, compared with 0.15% for FWRA.L.

What is the main difference between SCHG and FWRA.L?

SCHG is categorized as Large Cap Growth Equities, while FWRA.L is Global Equities. SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index, while FWRA.L tracks FTSE All-World Index. They also come from different issuers: Charles Schwab and Invesco. Their fees differ too: 0.04% for SCHG and 0.15% for FWRA.L.