VWRL.AS vs. FWIA.DE

Last updated Jun 5, 2026

VWRL.AS (Vanguard FTSE All-World UCITS ETF (USD) Distributing) and FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) are both Global Equities funds - VWRL.AS tracks the FTSE All-World Index while FWIA.DE tracks the FTSE All-World. Both are passively managed. Over the past year, VWRL.AS returned 26.44% vs 26.57% for FWIA.DE. With a 0.97 correlation, they move nearly in lockstep. VWRL.AS charges 0.19%/yr vs 0.15%/yr for FWIA.DE.

Performance

VWRL.AS vs. FWIA.DE - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with VWRL.AS having a 12.89% return and FWIA.DE slightly lower at 12.60%.

VWRL.AS

• 1D: -0.19%
• 1M: 5.02%
• YTD: 12.89%
• 6M: 13.40%
• 1Y: 26.44%
• 3Y*: 17.84%
• 5Y*: 12.29%
• 10Y*: 12.39%

FWIA.DE

• 1D: -0.22%
• 1M: 4.98%
• YTD: 12.60%
• 6M: 13.33%
• 1Y: 26.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VWRL.AS vs. FWIA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing	12.89%	8.40%	25.57%	6.47%
FWIA.DE Invesco FTSE All-World UCITS ETF Acc	12.60%	9.02%	24.70%	7.73%

Correlation

The correlation between VWRL.AS and FWIA.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023	0.97

The correlation between VWRL.AS and FWIA.DE has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

Return for Risk

VWRL.AS vs. FWIA.DE — Risk / Return Rank

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

VWRL.AS

VWRL.AS Risk / Return Rank: 77
VWRL.AS Sharpe Ratio Rank: 73
VWRL.AS Sortino Ratio Rank: 74
VWRL.AS Omega Ratio Rank: 75
VWRL.AS Calmar Ratio Rank: 79
VWRL.AS Martin Ratio Rank: 82

FWIA.DE

FWIA.DE Risk / Return Rank: 77
FWIA.DE Sharpe Ratio Rank: 74
FWIA.DE Sortino Ratio Rank: 74
FWIA.DE Omega Ratio Rank: 76
FWIA.DE Calmar Ratio Rank: 80
FWIA.DE Martin Ratio Rank: 83

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.

VWRL.AS vs. FWIA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS) and Invesco FTSE All-World UCITS ETF Acc (FWIA.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.

	VWRL.AS	FWIA.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.34	2.36	-0.02
Sortino ratio: Return per unit of downside risk	3.28	3.31	-0.03
Omega ratio: Gain probability vs. loss probability	1.44	1.44	0.00
Calmar ratio: Return relative to maximum drawdown	4.00	4.08	-0.08
Martin ratio: Return relative to average drawdown	16.48	16.52	-0.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VWRL.AS vs. FWIA.DE - Sharpe Ratio Comparison

The current VWRL.AS Sharpe Ratio is 2.34, which is comparable to the FWIA.DE Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of VWRL.AS and FWIA.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VWRL.AS	FWIA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	2.36	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	1.40	-0.63

Drawdowns

VWRL.AS vs. FWIA.DE - Drawdown Comparison

The maximum VWRL.AS drawdown since its inception was -33.27%, which is greater than FWIA.DE's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for VWRL.AS and FWIA.DE.

Drawdown Indicators

	VWRL.AS	FWIA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.27%	-20.96%	-12.31%
Max Drawdown (1Y) Largest decline over 1 year	-6.53%	-6.49%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	-21.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.27%	—	—
Current Drawdown Current decline from peak	-0.61%	-0.62%	+0.01%
Average Drawdown Average peak-to-trough decline	-4.38%	-2.44%	-1.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	1.60%	-0.01%

Volatility

VWRL.AS vs. FWIA.DE - Volatility Comparison

Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS) and Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) have volatilities of 3.07% and 2.96%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWRL.AS	FWIA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	2.96%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	8.03%	8.09%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	11.16%	11.22%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.70%	13.18%	+0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.82%	13.18%	+1.64%

VWRL.AS vs. FWIA.DE - Expense Ratio Comparison

VWRL.AS has a 0.19% expense ratio, which is higher than FWIA.DE's 0.15% 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%.

Dividends

VWRL.AS vs. FWIA.DE - Dividend Comparison

VWRL.AS's dividend yield for the trailing twelve months is around 1.24%, while FWIA.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FWIA.DE Invesco FTSE All-World UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing	1.24%	1.42%	1.47%	1.74%	2.10%	1.43%	1.56%	1.89%	2.24%	1.93%	1.95%	2.03%

Frequently Asked Questions

Can I hold both VWRL.AS and FWIA.DE in my portfolio?

With a correlation of 0.99, VWRL.AS and FWIA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, VWRL.AS or FWIA.DE?

On fees, FWIA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VWRL.AS or FWIA.DE?

FWIA.DE is cheaper with a 0.15% expense ratio, compared with 0.19% for VWRL.AS.

What is the main difference between VWRL.AS and FWIA.DE?

VWRL.AS tracks FTSE All-World Index, while FWIA.DE tracks FTSE All-World. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.19% for VWRL.AS and 0.15% for FWIA.DE.