SMLK.DE vs. FWIA.DE
SMLK.DE (Invesco S&P SmallCap 600 UCITS ETF A) and FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) are both exchange-traded funds - SMLK.DE is a Small Cap Blend Equities fund tracking the S&P SmallCap 600, while FWIA.DE is a Global Equities fund tracking the FTSE All-World. Both are passively managed. Over the past year, SMLK.DE returned 31.03% vs 26.57% for FWIA.DE. A 0.69 correlation means they provide meaningful diversification when combined. SMLK.DE charges 0.14%/yr vs 0.15%/yr for FWIA.DE.
Performance
SMLK.DE vs. FWIA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SMLK.DE achieves a 15.73% return, which is significantly higher than FWIA.DE's 12.60% return.
SMLK.DE
- 1D
- 0.95%
- 1M
- 2.49%
- YTD
- 15.73%
- 6M
- 16.04%
- 1Y
- 31.03%
- 3Y*
- 12.46%
- 5Y*
- 6.92%
- 10Y*
- —
FWIA.DE
- 1D
- -0.22%
- 1M
- 4.98%
- YTD
- 12.60%
- 6M
- 13.33%
- 1Y
- 26.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMLK.DE vs. FWIA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SMLK.DE Invesco S&P SmallCap 600 UCITS ETF A | 15.73% | -4.02% | 13.30% | 9.64% |
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 12.60% | 9.02% | 24.70% | 7.73% |
Correlation
The correlation between SMLK.DE and FWIA.DE is 0.69, 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 | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.69 |
The correlation between SMLK.DE and FWIA.DE has been stable across timeframes, ranging from 0.69 to 0.69 - a consistent structural relationship.
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Return for Risk
SMLK.DE vs. FWIA.DE — Risk / Return Rank
SMLK.DE
FWIA.DE
SMLK.DE vs. FWIA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600 UCITS ETF A (SMLK.DE) and Invesco FTSE All-World UCITS ETF Acc (FWIA.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.
| SMLK.DE | FWIA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.44 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 5.02 | 4.08 | +0.95 |
| Martin ratioReturn relative to average drawdown | 14.18 | 16.52 | -2.34 |
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
| SMLK.DE | FWIA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 2.36 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 1.40 | -1.07 |
Drawdowns
SMLK.DE vs. FWIA.DE - Drawdown Comparison
The maximum SMLK.DE drawdown since its inception was -32.69%, which is greater than FWIA.DE's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for SMLK.DE and FWIA.DE.
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Drawdown Indicators
| SMLK.DE | FWIA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.69% | -20.96% | -11.73% |
Max Drawdown (1Y)Largest decline over 1 year | -6.15% | -6.49% | +0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -32.69% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.69% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.62% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -8.96% | -2.44% | -6.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 1.60% | +0.58% |
Volatility
SMLK.DE vs. FWIA.DE - Volatility Comparison
Invesco S&P SmallCap 600 UCITS ETF A (SMLK.DE) has a higher volatility of 4.06% compared to Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) at 2.96%. This indicates that SMLK.DE's price experiences larger fluctuations and is considered to be riskier than FWIA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMLK.DE | FWIA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 2.96% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 8.09% | +2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 11.22% | +5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.01% | 13.18% | +6.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.98% | 13.18% | +6.80% |
SMLK.DE vs. FWIA.DE - Expense Ratio Comparison
SMLK.DE has a 0.14% expense ratio, which is lower than FWIA.DE'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
SMLK.DE vs. FWIA.DE - Dividend Comparison
Neither SMLK.DE nor FWIA.DE has paid dividends to shareholders.
Frequently Asked Questions
SMLK.DE and FWIA.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMLK.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMLK.DE is cheaper with a 0.14% expense ratio, compared with 0.15% for FWIA.DE.
SMLK.DE is categorized as Small Cap Blend Equities, while FWIA.DE is Global Equities. SMLK.DE tracks S&P SmallCap 600, while FWIA.DE tracks FTSE All-World. Their fees differ too: 0.14% for SMLK.DE and 0.15% for FWIA.DE.
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