USD=X vs. FWRA.L

Last updated Jun 9, 2026

USD=X (USD Cash) is a currency, while FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) is Global Equities fund tracking the FTSE All-World Index. Over the past year, USD=X returned 0.00% vs 25.89% for FWRA.L.

Performance

USD=X vs. FWRA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USD Cash (USD=X) and Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USD=X

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 0.00%
• 3Y*: 0.00%
• 5Y*: 0.00%
• 10Y*: 0.00%

FWRA.L

• 1D: -0.43%
• 1M: 0.22%
• YTD: 9.27%
• 6M: 10.72%
• 1Y: 25.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USD=X vs. FWRA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USD=X USD Cash	0.00%	0.00%	0.00%	0.00%
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation	9.27%	22.42%	18.04%	10.02%

Return for Risk

USD=X vs. FWRA.L — Risk / Return Rank

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

FWRA.L

FWRA.L Risk / Return Rank: 71
FWRA.L Sharpe Ratio Rank: 70
FWRA.L Sortino Ratio Rank: 76
FWRA.L Omega Ratio Rank: 72
FWRA.L Calmar Ratio Rank: 65
FWRA.L Martin Ratio Rank: 72

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.

USD=X vs. FWRA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	USD=X	FWRA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.51	—

Drawdowns

USD=X vs. FWRA.L - Drawdown Comparison

The maximum USD=X drawdown since its inception was 0.00%, smaller than the maximum FWRA.L drawdown of -16.50%. Use the drawdown chart below to compare losses from any high point for USD=X and FWRA.L.

Drawdown Indicators

	USD=X	FWRA.L	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-16.50%	+16.50%
Max Drawdown (1Y) Largest decline over 1 year	0.00%	-8.78%	+8.78%
Max Drawdown (3Y) Largest decline over 3 years	0.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	0.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	0.00%	—	—
Current Drawdown Current decline from peak	0.00%	-2.75%	+2.75%
Average Drawdown Average peak-to-trough decline	0.00%	-1.92%	+1.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	2.10%	-2.10%

Volatility

USD=X vs. FWRA.L - Volatility Comparison

The current volatility for USD Cash (USD=X) is 0.00%, while Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) has a volatility of 3.90%. This indicates that USD=X 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.

Volatility by Period

	USD=X	FWRA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	3.90%	-3.90%
Volatility (6M) Calculated over the trailing 6-month period	0.00%	9.98%	-9.98%
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	12.55%	-12.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	13.63%	-13.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	13.63%	-13.63%