UCLA.DE vs. FWEA.DE

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco USD AAA CLO UCITS ETF Acc (UCLA.DE) and Invesco FTSE All-World UCITS ETF (FWEA.DE).

UCLA.DE and FWEA.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UCLA.DE is an actively managed fund by Invesco. It was launched on Feb 10, 2025. FWEA.DE is a passively managed fund by Invesco that tracks the performance of the FTSE All-World Index. It was launched on Feb 20, 2024.

Performance

UCLA.DE vs. FWEA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Invesco USD AAA CLO UCITS ETF Acc (UCLA.DE) and Invesco FTSE All-World UCITS ETF (FWEA.DE). The values are adjusted to include any dividend payments, if applicable.

UCLA.DE vs. FWEA.DE - Yearly Performance Comparison

	2026 (YTD)	2025
UCLA.DE Invesco USD AAA CLO UCITS ETF Acc	2.36%	-7.62%
FWEA.DE Invesco FTSE All-World UCITS ETF	-1.81%	13.47%

Returns By Period

In the year-to-date period, UCLA.DE achieves a 2.36% return, which is significantly higher than FWEA.DE's -1.81% return.

UCLA.DE

• 1D: -0.69%
• 1M: 0.81%
• YTD: 2.36%
• 6M: 3.20%
• 1Y: -2.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FWEA.DE

• 1D: 2.74%
• 1M: -4.06%
• YTD: -1.81%
• 6M: 1.69%
• 1Y: 18.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UCLA.DE vs. FWEA.DE - Expense Ratio Comparison

UCLA.DE has a 0.25% expense ratio, which is higher than FWEA.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

UCLA.DE

Invesco USD AAA CLO UCITS ETF Acc

FWEA.DE

Invesco FTSE All-World UCITS ETF

Return for Risk

UCLA.DE vs. FWEA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UCLA.DE

UCLA.DE Risk / Return Rank: 6
UCLA.DE Sharpe Ratio Rank: 6
UCLA.DE Sortino Ratio Rank: 5
UCLA.DE Omega Ratio Rank: 5
UCLA.DE Calmar Ratio Rank: 7
UCLA.DE Martin Ratio Rank: 7

FWEA.DE

FWEA.DE Risk / Return Rank: 70
FWEA.DE Sharpe Ratio Rank: 67
FWEA.DE Sortino Ratio Rank: 66
FWEA.DE Omega Ratio Rank: 67
FWEA.DE Calmar Ratio Rank: 75
FWEA.DE Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UCLA.DE vs. FWEA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco USD AAA CLO UCITS ETF Acc (UCLA.DE) and Invesco FTSE All-World UCITS ETF (FWEA.DE). 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.

	UCLA.DE	FWEA.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.32	1.23	-1.56
Sortino ratio Return per unit of downside risk	-0.39	1.74	-2.13
Omega ratio Gain probability vs. loss probability	0.95	1.26	-0.31
Calmar ratio Return relative to maximum drawdown	-0.31	2.10	-2.41
Martin ratio Return relative to average drawdown	-0.52	8.67	-9.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UCLA.DE vs. FWEA.DE - Sharpe Ratio Comparison

The current UCLA.DE Sharpe Ratio is -0.32, which is lower than the FWEA.DE Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of UCLA.DE and FWEA.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UCLA.DE	FWEA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.32	1.23	-1.56
Sharpe Ratio (All Time) Calculated using the full available price history	-0.65	1.22	-1.88

Correlation

The correlation between UCLA.DE and FWEA.DE is -0.18. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

UCLA.DE vs. FWEA.DE - Dividend Comparison

Neither UCLA.DE nor FWEA.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

UCLA.DE vs. FWEA.DE - Drawdown Comparison

The maximum UCLA.DE drawdown since its inception was -10.36%, smaller than the maximum FWEA.DE drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for UCLA.DE and FWEA.DE.

Drawdown Indicators

	UCLA.DE	FWEA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-10.36%	-17.48%	+7.12%
Max Drawdown (1Y) Largest decline over 1 year	-6.61%	-11.84%	+5.23%
Current Drawdown Current decline from peak	-5.80%	-5.24%	-0.56%
Average Drawdown Average peak-to-trough decline	-7.24%	-1.92%	-5.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	2.08%	+1.49%

Volatility

UCLA.DE vs. FWEA.DE - Volatility Comparison

The current volatility for Invesco USD AAA CLO UCITS ETF Acc (UCLA.DE) is 2.22%, while Invesco FTSE All-World UCITS ETF (FWEA.DE) has a volatility of 5.19%. This indicates that UCLA.DE experiences smaller price fluctuations and is considered to be less risky than FWEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UCLA.DE	FWEA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.22%	5.19%	-2.97%
Volatility (6M) Calculated over the trailing 6-month period	4.16%	8.61%	-4.45%
Volatility (1Y) Calculated over the trailing 1-year period	7.15%	14.93%	-7.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.38%	12.65%	-5.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.38%	12.65%	-5.27%