SPLG.L vs. FTWG.L
SPLG.L (Invesco S&P 500 Low Volatility UCITS ETF Accumulation) and FTWG.L (Invesco FTSE All-World UCITS ETF USD Dist) are both Global Equities funds from Invesco - SPLG.L tracks the Invesco S&P 500 Low Volatility UCITS ETF Accumulation while FTWG.L tracks the FTSE All-World Index. Both are passively managed. Over the past 3 years, SPLG.L returned 7.28%/yr vs 17.94%/yr for FTWG.L. At a 0.24 correlation, their price movements are largely independent.
Performance
SPLG.L vs. FTWG.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPLG.L achieves a 6.03% return, which is significantly lower than FTWG.L's 10.82% return.
SPLG.L
- 1D
- -0.07%
- 1M
- 1.73%
- 6M
- 5.03%
- YTD
- 6.03%
- 1Y
- 6.15%
- 3Y*
- 7.28%
- 5Y*
- 6.17%
- 10Y*
- —
FTWG.L
- 1D
- -0.68%
- 1M
- -1.15%
- 6M
- 9.12%
- YTD
- 10.82%
- 1Y
- 22.80%
- 3Y*
- 17.94%
- 5Y*
- —
- 10Y*
- —
SPLG.L vs. FTWG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPLG.L Invesco S&P 500 Low Volatility UCITS ETF Accumulation | 6.03% | -2.34% | 15.31% | 1.18% |
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist | 10.82% | 14.12% | 19.92% | -13.67% |
Correlation
The correlation between SPLG.L and FTWG.L is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.24 |
The correlation between SPLG.L and FTWG.L shifts across timeframes, from -0.02 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPLG.L vs. FTWG.L — Risk / Return Rank
SPLG.L
FTWG.L
SPLG.L vs. FTWG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Low Volatility UCITS ETF Accumulation (SPLG.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPLG.L | FTWG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.39 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 3.19 | -2.30 |
| Martin ratioReturn relative to average drawdown | 2.18 | 12.44 | -10.26 |
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Drawdowns
SPLG.L vs. FTWG.L - Drawdown Comparison
The maximum SPLG.L drawdown since its inception was -27.94%, which is greater than FTWG.L's maximum drawdown of -22.14%. Use the drawdown chart below to compare losses from any high point for SPLG.L and FTWG.L.
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Drawdown Indicators
| SPLG.L | FTWG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.94% | -22.14% | -5.80% |
Max Drawdown (1Y)Largest decline over 1 year | -7.84% | -7.11% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -17.78% | -2.85% |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | — | — |
Current DrawdownCurrent decline from peak | -2.88% | -1.99% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -13.16% | -6.53% | -6.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 1.83% | +1.38% |
Volatility
SPLG.L vs. FTWG.L - Volatility Comparison
Invesco S&P 500 Low Volatility UCITS ETF Accumulation (SPLG.L) has a higher volatility of 3.50% compared to Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) at 3.21%. This indicates that SPLG.L's price experiences larger fluctuations and is considered to be riskier than FTWG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPLG.L | FTWG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 3.21% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 8.46% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.70% | 10.88% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.70% | 16.63% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.49% | 16.63% | +5.86% |
Dividends
SPLG.L vs. FTWG.L - Dividend Comparison
SPLG.L has not paid dividends to shareholders, while FTWG.L's dividend yield for the trailing twelve months is around 1.26%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist | 1.26% | 1.34% | 1.50% | 0.70% |
SPLG.L Invesco S&P 500 Low Volatility UCITS ETF Accumulation | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPLG.L and FTWG.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPLG.L tracks Invesco S&P 500 Low Volatility UCITS ETF Accumulation, while FTWG.L tracks FTSE All-World Index.
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