SPED.L vs. FTWG.L

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P 500 Equal Weight UCITS ETF Dist (SPED.L) and Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L).

SPED.L and FTWG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPED.L is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Net Total Return. It was launched on Apr 6, 2021. FTWG.L is a passively managed fund by Invesco that tracks the performance of the FTSE All-World Index. It was launched on Feb 20, 2024. Both SPED.L and FTWG.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SPED.L vs. FTWG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight UCITS ETF Dist (SPED.L) and Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L). The values are adjusted to include any dividend payments, if applicable.

SPED.L vs. FTWG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPED.L Invesco S&P 500 Equal Weight UCITS ETF Dist	0.30%	11.67%	12.37%	7.78%
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist	-1.63%	22.73%	17.92%	8.17%

Different Trading Currencies

SPED.L is traded in USD, while FTWG.L is traded in GBp. To make them comparable, the FTWG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPED.L achieves a 0.30% return, which is significantly higher than FTWG.L's -1.63% return.

SPED.L

• 1D: 1.74%
• 1M: -4.83%
• YTD: 0.30%
• 6M: 2.32%
• 1Y: 13.03%
• 3Y*: 11.83%
• 5Y*: —
• 10Y*: —

FTWG.L

• 1D: 2.63%
• 1M: -4.43%
• YTD: -1.63%
• 6M: 1.93%
• 1Y: 21.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SPED.L vs. FTWG.L - Expense Ratio Comparison

SPED.L has a 0.20% expense ratio, which is higher than FTWG.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

SPED.L

Invesco S&P 500 Equal Weight UCITS ETF Dist

FTWG.L

Invesco FTSE All-World UCITS ETF USD Dist

Return for Risk

SPED.L vs. FTWG.L — Risk / Return Rank

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

SPED.L

SPED.L Risk / Return Rank: 45
SPED.L Sharpe Ratio Rank: 42
SPED.L Sortino Ratio Rank: 42
SPED.L Omega Ratio Rank: 43
SPED.L Calmar Ratio Rank: 46
SPED.L Martin Ratio Rank: 53

FTWG.L

FTWG.L Risk / Return Rank: 76
FTWG.L Sharpe Ratio Rank: 72
FTWG.L Sortino Ratio Rank: 70
FTWG.L Omega Ratio Rank: 71
FTWG.L Calmar Ratio Rank: 84
FTWG.L Martin Ratio Rank: 83

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.

SPED.L vs. FTWG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight UCITS ETF Dist (SPED.L) and Invesco FTSE All-World UCITS ETF USD Dist (FTWG.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.

	SPED.L	FTWG.L	Difference
Sharpe ratio Return per unit of total volatility	0.85	1.41	-0.56
Sortino ratio Return per unit of downside risk	1.25	1.96	-0.70
Omega ratio Gain probability vs. loss probability	1.18	1.29	-0.11
Calmar ratio Return relative to maximum drawdown	1.32	2.31	-0.98
Martin ratio Return relative to average drawdown	5.72	9.54	-3.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPED.L vs. FTWG.L - Sharpe Ratio Comparison

The current SPED.L Sharpe Ratio is 0.85, which is lower than the FTWG.L Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of SPED.L and FTWG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPED.L	FTWG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	1.41	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	1.28	-0.78

Correlation

The correlation between SPED.L and FTWG.L is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SPED.L vs. FTWG.L - Dividend Comparison

SPED.L's dividend yield for the trailing twelve months is around 1.39%, more than FTWG.L's 1.37% yield.

	TTM	2025	2024	2023	2022	2021
SPED.L Invesco S&P 500 Equal Weight UCITS ETF Dist	1.39%	1.36%	1.39%	1.46%	1.51%	0.74%
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist	1.37%	1.34%	1.50%	0.70%	0.00%	0.00%

Drawdowns

SPED.L vs. FTWG.L - Drawdown Comparison

The maximum SPED.L drawdown since its inception was -20.80%, which is greater than FTWG.L's maximum drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for SPED.L and FTWG.L.

Drawdown Indicators

	SPED.L	FTWG.L	Difference
Max Drawdown Largest peak-to-trough decline	-20.80%	-17.78%	-3.02%
Max Drawdown (1Y) Largest decline over 1 year	-12.66%	-10.16%	-2.50%
Current Drawdown Current decline from peak	-5.12%	-4.05%	-1.07%
Average Drawdown Average peak-to-trough decline	-5.12%	-2.06%	-3.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	1.87%	+0.28%

Volatility

SPED.L vs. FTWG.L - Volatility Comparison

The current volatility for Invesco S&P 500 Equal Weight UCITS ETF Dist (SPED.L) is 4.04%, while Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) has a volatility of 5.21%. This indicates that SPED.L experiences smaller price fluctuations and is considered to be less risky than FTWG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPED.L	FTWG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	5.21%	-1.17%
Volatility (6M) Calculated over the trailing 6-month period	7.56%	9.03%	-1.47%
Volatility (1Y) Calculated over the trailing 1-year period	15.31%	15.49%	-0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.76%	13.13%	+4.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.76%	13.13%	+4.63%