WH2E.DE vs. FWEA.DE
WH2E.DE (Invesco S&P World Health Care ESG UCITS ETF Acc) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - WH2E.DE is a Health & Biotech Equities fund tracking the S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, WH2E.DE returned 10.44% vs 25.98% for FWEA.DE. At a 0.32 correlation, their price movements are largely independent. WH2E.DE charges 0.18%/yr vs 0.20%/yr for FWEA.DE.
Performance
WH2E.DE vs. FWEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WH2E.DE achieves a -3.24% return, which is significantly lower than FWEA.DE's 10.64% return.
WH2E.DE
- 1D
- 2.76%
- 1M
- 4.00%
- YTD
- -3.24%
- 6M
- -2.44%
- 1Y
- 10.44%
- 3Y*
- 3.13%
- 5Y*
- —
- 10Y*
- —
FWEA.DE
- 1D
- -0.24%
- 1M
- 2.84%
- YTD
- 10.64%
- 6M
- 11.58%
- 1Y
- 25.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WH2E.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
WH2E.DE Invesco S&P World Health Care ESG UCITS ETF Acc | -3.24% | 2.78% | 7.94% | 5.08% |
FWEA.DE Invesco FTSE All-World UCITS ETF | 10.64% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between WH2E.DE and FWEA.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.32 |
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Return for Risk
WH2E.DE vs. FWEA.DE — Risk / Return Rank
WH2E.DE
FWEA.DE
WH2E.DE vs. FWEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P World Health Care ESG UCITS ETF Acc (WH2E.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.
| WH2E.DE | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.43 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 3.18 | -2.35 |
| Martin ratioReturn relative to average drawdown | 2.15 | 13.52 | -11.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WH2E.DE | FWEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 2.30 | -1.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 1.51 | -1.31 |
Drawdowns
WH2E.DE vs. FWEA.DE - Drawdown Comparison
The maximum WH2E.DE drawdown since its inception was -22.19%, which is greater than FWEA.DE's maximum drawdown of -17.48%. Use the drawdown chart below to compare losses from any high point for WH2E.DE and FWEA.DE.
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Drawdown Indicators
| WH2E.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.19% | -17.48% | -4.71% |
Max Drawdown (1Y)Largest decline over 1 year | -12.23% | -8.28% | -3.95% |
Max Drawdown (3Y)Largest decline over 3 years | -22.19% | — | — |
Current DrawdownCurrent decline from peak | -10.45% | -0.81% | -9.64% |
Average DrawdownAverage peak-to-trough decline | -6.94% | -1.86% | -5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.73% | 1.95% | +2.78% |
Volatility
WH2E.DE vs. FWEA.DE - Volatility Comparison
Invesco S&P World Health Care ESG UCITS ETF Acc (WH2E.DE) has a higher volatility of 5.21% compared to Invesco FTSE All-World UCITS ETF (FWEA.DE) at 3.36%. This indicates that WH2E.DE's price experiences larger fluctuations and is considered to be riskier than FWEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WH2E.DE | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.21% | 3.36% | +1.85% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 8.93% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.86% | 11.45% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 12.72% | +1.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.91% | 12.72% | +1.19% |
WH2E.DE vs. FWEA.DE - Expense Ratio Comparison
WH2E.DE has a 0.18% expense ratio, which is lower than FWEA.DE's 0.20% 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
WH2E.DE vs. FWEA.DE - Dividend Comparison
Neither WH2E.DE nor FWEA.DE has paid dividends to shareholders.
Frequently Asked Questions
WH2E.DE and FWEA.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WH2E.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WH2E.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for FWEA.DE.
WH2E.DE is categorized as Health & Biotech Equities, while FWEA.DE is Global Equities. WH2E.DE tracks S&P Developed Ex-Korea LargeMidCap ESG Enhanced Health Care, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.18% for WH2E.DE and 0.20% for FWEA.DE.
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