T1AP.L vs. FTWG.L
T1AP.L (Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc)) and FTWG.L (Invesco FTSE All-World UCITS ETF USD Dist) are both exchange-traded funds - T1AP.L is a Ultrashort Bond fund tracking the Bloomberg US Treasury Coupons Index, while FTWG.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 3 years, T1AP.L returned 3.94%/yr vs 17.85%/yr for FTWG.L. At a 0.04 correlation, their price movements are largely independent. T1AP.L charges 0.06%/yr vs 0.15%/yr for FTWG.L.
Performance
T1AP.L vs. FTWG.L - Performance Comparison
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Returns By Period
In the year-to-date period, T1AP.L achieves a 2.33% return, which is significantly lower than FTWG.L's 10.61% return.
T1AP.L
- 1D
- 0.32%
- 1M
- 0.55%
- 6M
- 1.70%
- YTD
- 2.33%
- 1Y
- 4.49%
- 3Y*
- 3.94%
- 5Y*
- 4.05%
- 10Y*
- —
FTWG.L
- 1D
- -0.18%
- 1M
- -1.21%
- 6M
- 7.64%
- YTD
- 10.61%
- 1Y
- 23.48%
- 3Y*
- 17.85%
- 5Y*
- —
- 10Y*
- —
T1AP.L vs. FTWG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
T1AP.L Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc) | 2.33% | -2.78% | 6.89% | 2.61% |
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist | 10.61% | 14.12% | 19.92% | -13.67% |
Correlation
The correlation between T1AP.L and FTWG.L is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.04 |
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Return for Risk
T1AP.L vs. FTWG.L — Risk / Return Rank
T1AP.L
FTWG.L
T1AP.L vs. FTWG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc) (T1AP.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.
| T1AP.L | FTWG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.40 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 3.29 | -2.21 |
| Martin ratioReturn relative to average drawdown | 2.77 | 12.78 | -10.01 |
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Drawdowns
T1AP.L vs. FTWG.L - Drawdown Comparison
The maximum T1AP.L drawdown since its inception was -21.77%, roughly equal to the maximum FTWG.L drawdown of -22.14%. Use the drawdown chart below to compare losses from any high point for T1AP.L and FTWG.L.
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Drawdown Indicators
| T1AP.L | FTWG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.77% | -22.14% | +0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -4.46% | -7.11% | +2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -21.77% | -17.78% | -3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -21.77% | — | — |
Current DrawdownCurrent decline from peak | -15.88% | -2.16% | -13.72% |
Average DrawdownAverage peak-to-trough decline | -14.05% | -6.52% | -7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.83% | -0.08% |
Volatility
T1AP.L vs. FTWG.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc) (T1AP.L) is 1.64%, while Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) has a volatility of 3.19%. This indicates that T1AP.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
| T1AP.L | FTWG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 3.19% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 4.79% | 8.38% | -3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.41% | 10.88% | -4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.32% | 16.62% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2,962.48% | 16.62% | +2,945.86% |
T1AP.L vs. FTWG.L - Expense Ratio Comparison
T1AP.L has a 0.06% expense ratio, which is lower than FTWG.L's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
T1AP.L vs. FTWG.L - Dividend Comparison
T1AP.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% |
T1AP.L Invesco US Treasury Bond 0-1 Year UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
T1AP.L and FTWG.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, T1AP.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
T1AP.L is cheaper with a 0.06% expense ratio, compared with 0.15% for FTWG.L.
T1AP.L is categorized as Ultrashort Bond, while FTWG.L is Global Equities. T1AP.L tracks Bloomberg US Treasury Coupons Index, while FTWG.L tracks FTSE All-World Index. Their fees differ too: 0.06% for T1AP.L and 0.15% for FTWG.L.
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