SPXE.L vs. FTWG.L
SPXE.L (Invesco S&P 500 Scored & Screened ETF Acc) and FTWG.L (Invesco FTSE All-World UCITS ETF USD Dist) are both Global Equities funds from Invesco - SPXE.L tracks the Invesco S&P 500 Scored & Screened ETF Acc while FTWG.L tracks the FTSE All-World Index. Both are passively managed. Over the past 3 years, SPXE.L returned 19.79%/yr vs 19.25%/yr for FTWG.L. Their correlation of 0.84 suggests significant overlap in exposure.
Performance
SPXE.L vs. FTWG.L - Performance Comparison
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Different Trading Currencies
SPXE.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, SPXE.L achieves a 9.73% return, which is significantly lower than FTWG.L's 11.46% return.
SPXE.L
- 1D
- -0.05%
- 1M
- -0.92%
- 6M
- 9.61%
- YTD
- 9.73%
- 1Y
- 23.78%
- 3Y*
- 19.79%
- 5Y*
- 13.72%
- 10Y*
- —
FTWG.L
- 1D
- 0.46%
- 1M
- -0.26%
- 6M
- 9.89%
- YTD
- 11.46%
- 1Y
- 24.22%
- 3Y*
- 19.25%
- 5Y*
- —
- 10Y*
- —
SPXE.L vs. FTWG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPXE.L Invesco S&P 500 Scored & Screened ETF Acc | 9.73% | 17.97% | 24.55% | 10.69% |
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist | 11.46% | 22.73% | 17.92% | -13.58% |
Correlation
The correlation between SPXE.L and FTWG.L is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.84 |
The correlation between SPXE.L and FTWG.L has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.
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Return for Risk
SPXE.L vs. FTWG.L — Risk / Return Rank
SPXE.L
FTWG.L
SPXE.L vs. FTWG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Scored & Screened ETF Acc (SPXE.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.
| SPXE.L | FTWG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 2.62 | +0.16 |
| Martin ratioReturn relative to average drawdown | 11.84 | 10.87 | +0.97 |
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Drawdowns
SPXE.L vs. FTWG.L - Drawdown Comparison
The maximum SPXE.L drawdown since its inception was -24.15%, smaller than the maximum FTWG.L drawdown of -25.84%. Use the drawdown chart below to compare losses from any high point for SPXE.L and FTWG.L.
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Drawdown Indicators
| SPXE.L | FTWG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.15% | -25.84% | +1.69% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -9.20% | +0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -16.89% | -2.25% |
Max Drawdown (5Y)Largest decline over 5 years | -23.93% | — | — |
Current DrawdownCurrent decline from peak | -0.92% | -0.85% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -6.28% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.22% | -0.15% |
Volatility
SPXE.L vs. FTWG.L - Volatility Comparison
The current volatility for Invesco S&P 500 Scored & Screened ETF Acc (SPXE.L) is 2.79%, while Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) has a volatility of 3.43%. This indicates that SPXE.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.
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Volatility by Period
| SPXE.L | FTWG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 3.43% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 9.88% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 12.26% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 17.60% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 17.60% | +1.58% |
Dividends
SPXE.L vs. FTWG.L - Dividend Comparison
SPXE.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% |
SPXE.L Invesco S&P 500 Scored & Screened ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPXE.L and FTWG.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPXE.L tracks Invesco S&P 500 Scored & Screened ETF Acc, while FTWG.L tracks FTSE All-World Index.
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