WDFE.L vs. FWRA.L

Last updated Jun 5, 2026

WDFE.L (Invesco S&P World Financials ESG UCITS ETF Acc) and FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) are both exchange-traded funds - WDFE.L is a Financials Equities fund tracking the S&P World ESG Enhanced Financials Index, while FWRA.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, WDFE.L returned 12.27% vs 28.82% for FWRA.L. A 0.77 correlation means they provide meaningful diversification when combined. WDFE.L charges 0.18%/yr vs 0.15%/yr for FWRA.L.

Performance

WDFE.L vs. FWRA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P World Financials ESG UCITS ETF Acc (WDFE.L) 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

In the year-to-date period, WDFE.L achieves a 0.50% return, which is significantly lower than FWRA.L's 11.59% return.

WDFE.L

• 1D: 1.84%
• 1M: 1.65%
• YTD: 0.50%
• 6M: 5.55%
• 1Y: 12.27%
• 3Y*: 23.42%
• 5Y*: —
• 10Y*: —

FWRA.L

• 1D: -0.13%
• 1M: 4.28%
• YTD: 11.59%
• 6M: 13.01%
• 1Y: 28.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WDFE.L vs. FWRA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WDFE.L Invesco S&P World Financials ESG UCITS ETF Acc	0.50%	27.03%	25.78%	14.40%
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation	11.59%	22.37%	18.07%	9.23%

Correlation

The correlation between WDFE.L and FWRA.L is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023	0.77

The correlation between WDFE.L and FWRA.L has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.

Return for Risk

WDFE.L vs. FWRA.L — Risk / Return Rank

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

WDFE.L

WDFE.L Risk / Return Rank: 26
WDFE.L Sharpe Ratio Rank: 25
WDFE.L Sortino Ratio Rank: 26
WDFE.L Omega Ratio Rank: 24
WDFE.L Calmar Ratio Rank: 26
WDFE.L Martin Ratio Rank: 29

FWRA.L

FWRA.L Risk / Return Rank: 73
FWRA.L Sharpe Ratio Rank: 72
FWRA.L Sortino Ratio Rank: 78
FWRA.L Omega Ratio Rank: 73
FWRA.L Calmar Ratio Rank: 66
FWRA.L Martin Ratio Rank: 74

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.

WDFE.L vs. FWRA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P World Financials ESG UCITS ETF Acc (WDFE.L) 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.

	WDFE.L	FWRA.L	Difference
Sharpe ratio: Return per unit of total volatility	0.88	2.32	-1.44
Sortino ratio: Return per unit of downside risk	1.37	3.44	-2.07
Omega ratio: Gain probability vs. loss probability	1.16	1.43	-0.27
Calmar ratio: Return relative to maximum drawdown	1.19	3.27	-2.08
Martin ratio: Return relative to average drawdown	4.02	13.70	-9.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WDFE.L vs. FWRA.L - Sharpe Ratio Comparison

The current WDFE.L Sharpe Ratio is 0.88, which is lower than the FWRA.L Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of WDFE.L and FWRA.L, 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

	WDFE.L	FWRA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	2.32	-1.44
Sharpe Ratio (All Time) Calculated using the full available price history	1.42	1.56	-0.14

Drawdowns

WDFE.L vs. FWRA.L - Drawdown Comparison

The maximum WDFE.L drawdown since its inception was -16.10%, roughly equal to the maximum FWRA.L drawdown of -16.60%. Use the drawdown chart below to compare losses from any high point for WDFE.L and FWRA.L.

Drawdown Indicators

	WDFE.L	FWRA.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.10%	-16.60%	+0.50%
Max Drawdown (1Y) Largest decline over 1 year	-10.26%	-8.74%	-1.52%
Max Drawdown (3Y) Largest decline over 3 years	-16.10%	—	—
Current Drawdown Current decline from peak	-1.16%	-0.77%	-0.39%
Average Drawdown Average peak-to-trough decline	-2.17%	-1.93%	-0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	2.09%	+0.95%

Volatility

WDFE.L vs. FWRA.L - Volatility Comparison

Invesco S&P World Financials ESG UCITS ETF Acc (WDFE.L) and Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) have volatilities of 3.75% and 3.80%, 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

	WDFE.L	FWRA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.75%	3.80%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	10.83%	9.86%	+0.97%
Volatility (1Y) Calculated over the trailing 1-year period	13.84%	12.32%	+1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.35%	13.52%	+1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.35%	13.52%	+1.83%

WDFE.L vs. FWRA.L - Expense Ratio Comparison

WDFE.L has a 0.18% expense ratio, which is higher than FWRA.L'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

WDFE.L vs. FWRA.L - Dividend Comparison

Neither WDFE.L nor FWRA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WDFE.L and FWRA.L in my portfolio?

WDFE.L and FWRA.L have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WDFE.L or FWRA.L?

On fees, FWRA.L 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, WDFE.L or FWRA.L?

FWRA.L is cheaper with a 0.15% expense ratio, compared with 0.18% for WDFE.L.

What is the main difference between WDFE.L and FWRA.L?

WDFE.L is categorized as Financials Equities, while FWRA.L is Global Equities. WDFE.L tracks S&P World ESG Enhanced Financials Index, while FWRA.L tracks FTSE All-World Index. Their fees differ too: 0.18% for WDFE.L and 0.15% for FWRA.L.