SPXE.L vs. FWRG.L
SPXE.L (Invesco S&P 500 Scored & Screened ETF Acc) and FWRG.L (Invesco FTSE All-World UCITS ETF Acc) are both Global Equities funds from Invesco - SPXE.L tracks the Invesco S&P 500 Scored & Screened ETF Acc while FWRG.L tracks the FTSE All-World Index. Both are passively managed. Over the past 3 years, SPXE.L returned 19.79%/yr vs 17.95%/yr for FWRG.L. A 0.79 correlation means they provide meaningful diversification when combined.
Performance
SPXE.L vs. FWRG.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 FWRG.L's 10.88% 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*
- —
FWRG.L
- 1D
- -0.63%
- 1M
- -1.13%
- 6M
- 9.15%
- YTD
- 10.88%
- 1Y
- 22.81%
- 3Y*
- 17.95%
- 5Y*
- —
- 10Y*
- —
SPXE.L vs. FWRG.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% |
FWRG.L Invesco FTSE All-World UCITS ETF Acc | 10.88% | 13.84% | 20.11% | 8,531.38% |
Correlation
The correlation between SPXE.L and FWRG.L is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.79 |
The correlation between SPXE.L and FWRG.L has been stable across timeframes, ranging from 0.79 to 0.80 - a consistent structural relationship.
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Return for Risk
SPXE.L vs. FWRG.L — Risk / Return Rank
SPXE.L
FWRG.L
SPXE.L vs. FWRG.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 Acc (FWRG.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 | FWRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 3.18 | -0.40 |
| Martin ratioReturn relative to average drawdown | 11.84 | 12.26 | -0.42 |
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Drawdowns
SPXE.L vs. FWRG.L - Drawdown Comparison
The maximum SPXE.L drawdown since its inception was -24.15%, which is greater than FWRG.L's maximum drawdown of -18.87%. Use the drawdown chart below to compare losses from any high point for SPXE.L and FWRG.L.
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Drawdown Indicators
| SPXE.L | FWRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.15% | -18.87% | -5.28% |
Max Drawdown (1Y)Largest decline over 1 year | -8.79% | -7.14% | -1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -18.87% | -0.27% |
Max Drawdown (5Y)Largest decline over 5 years | -23.93% | — | — |
Current DrawdownCurrent decline from peak | -0.92% | -2.11% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -2.23% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 1.86% | +0.21% |
Volatility
SPXE.L vs. FWRG.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 Acc (FWRG.L) has a volatility of 3.13%. This indicates that SPXE.L experiences smaller price fluctuations and is considered to be less risky than FWRG.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 | FWRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 3.13% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 9.22% | 8.52% | +0.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.87% | 10.92% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 4,417.24% | -4,401.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 4,417.24% | -4,398.06% |
Dividends
SPXE.L vs. FWRG.L - Dividend Comparison
Neither SPXE.L nor FWRG.L has paid dividends to shareholders.
Frequently Asked Questions
SPXE.L and FWRG.L have a correlation of 0.80, 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 FWRG.L tracks FTSE All-World Index.
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