SPXE.L vs. FWRA.L
SPXE.L (Invesco S&P 500 Scored & Screened ETF Acc) and FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) are both Global Equities funds from Invesco - SPXE.L tracks the Invesco S&P 500 Scored & Screened ETF Acc while FWRA.L tracks the FTSE All-World Index. Both are passively managed. Over the past 3 years, SPXE.L returned 19.79%/yr vs 19.09%/yr for FWRA.L. Their correlation of 0.89 suggests significant overlap in exposure.
Performance
SPXE.L vs. FWRA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SPXE.L achieves a 9.73% return, which is significantly lower than FWRA.L's 11.06% 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*
- —
FWRA.L
- 1D
- 0.11%
- 1M
- -0.64%
- 6M
- 9.50%
- YTD
- 11.06%
- 1Y
- 23.54%
- 3Y*
- 19.09%
- 5Y*
- —
- 10Y*
- —
SPXE.L vs. FWRA.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% |
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation | 11.06% | 22.42% | 18.04% | 10.02% |
Correlation
The correlation between SPXE.L and FWRA.L is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.89 |
The correlation between SPXE.L and FWRA.L has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.
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Return for Risk
SPXE.L vs. FWRA.L — Risk / Return Rank
SPXE.L
FWRA.L
SPXE.L vs. FWRA.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 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.
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 | FWRA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.34 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 2.68 | +0.10 |
| Martin ratioReturn relative to average drawdown | 11.84 | 10.70 | +1.14 |
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Drawdowns
SPXE.L vs. FWRA.L - Drawdown Comparison
The maximum SPXE.L drawdown since its inception was -24.15%, 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 SPXE.L and FWRA.L.
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Drawdown Indicators
| SPXE.L | FWRA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.15% | -16.50% | -7.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -8.78% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -16.50% | -2.64% |
Max Drawdown (5Y)Largest decline over 5 years | -23.93% | — | — |
Current DrawdownCurrent decline from peak | -0.92% | -1.16% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -1.92% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.20% | -0.13% |
Volatility
SPXE.L vs. FWRA.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 Accumulation (FWRA.L) has a volatility of 3.20%. This indicates that SPXE.L experiences smaller price fluctuations and is considered to be less risky than FWRA.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 | FWRA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 3.20% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 10.60% | -1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 12.88% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 13.61% | +2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 13.61% | +5.57% |
Dividends
SPXE.L vs. FWRA.L - Dividend Comparison
Neither SPXE.L nor FWRA.L has paid dividends to shareholders.
Frequently Asked Questions
SPXE.L and FWRA.L have a correlation of 0.90, 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 FWRA.L tracks FTSE All-World Index.
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