XAAG.DE vs. FWEA.DE
XAAG.DE (Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - XAAG.DE is a Commodities fund tracking the Bloomberg Commodity ex-Agriculture and Livestock, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, XAAG.DE returned 46.69% vs 25.98% for FWEA.DE. At a 0.01 correlation, their price movements are largely independent. XAAG.DE charges 0.19%/yr vs 0.20%/yr for FWEA.DE.
Performance
XAAG.DE vs. FWEA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XAAG.DE achieves a 27.69% return, which is significantly higher than FWEA.DE's 10.64% return.
XAAG.DE
- 1D
- -0.56%
- 1M
- 2.26%
- YTD
- 27.69%
- 6M
- 27.75%
- 1Y
- 46.69%
- 3Y*
- 17.71%
- 5Y*
- 14.95%
- 10Y*
- —
FWEA.DE
- 1D
- -0.24%
- 1M
- 2.84%
- YTD
- 10.64%
- 6M
- 11.58%
- 1Y
- 25.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XAAG.DE vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XAAG.DE Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc | 27.69% | 12.13% | 14.84% | 0.48% |
FWEA.DE Invesco FTSE All-World UCITS ETF | 10.64% | 17.53% | 19.21% | 8.62% |
Correlation
The correlation between XAAG.DE and FWEA.DE is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.01 |
The correlation between XAAG.DE and FWEA.DE shifts across timeframes, from -0.16 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XAAG.DE vs. FWEA.DE — Risk / Return Rank
XAAG.DE
FWEA.DE
XAAG.DE vs. FWEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.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.
| XAAG.DE | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.43 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | 3.18 | +0.91 |
| Martin ratioReturn relative to average drawdown | 9.65 | 13.52 | -3.87 |
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
| XAAG.DE | FWEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.30 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 1.51 | -1.03 |
Drawdowns
XAAG.DE vs. FWEA.DE - Drawdown Comparison
The maximum XAAG.DE drawdown since its inception was -33.85%, 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 XAAG.DE and FWEA.DE.
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Drawdown Indicators
| XAAG.DE | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.85% | -17.48% | -16.37% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -8.28% | -3.26% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.85% | — | — |
Current DrawdownCurrent decline from peak | -2.54% | -0.81% | -1.73% |
Average DrawdownAverage peak-to-trough decline | -13.88% | -1.86% | -12.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.89% | 1.95% | +2.94% |
Volatility
XAAG.DE vs. FWEA.DE - Volatility Comparison
Invesco Bloomberg Commodity ex-Agriculture UCITS ETF Acc (XAAG.DE) has a higher volatility of 4.71% compared to Invesco FTSE All-World UCITS ETF (FWEA.DE) at 3.36%. This indicates that XAAG.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
| XAAG.DE | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 3.36% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 18.81% | 8.93% | +9.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.76% | 11.45% | +10.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.32% | 12.72% | +7.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.40% | 12.72% | +5.68% |
XAAG.DE vs. FWEA.DE - Expense Ratio Comparison
XAAG.DE has a 0.19% 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
XAAG.DE vs. FWEA.DE - Dividend Comparison
Neither XAAG.DE nor FWEA.DE has paid dividends to shareholders.
Frequently Asked Questions
XAAG.DE and FWEA.DE have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XAAG.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XAAG.DE is cheaper with a 0.19% expense ratio, compared with 0.20% for FWEA.DE.
XAAG.DE is categorized as Commodities, while FWEA.DE is Global Equities. XAAG.DE tracks Bloomberg Commodity ex-Agriculture and Livestock, while FWEA.DE tracks FTSE All-World Index. Their fees differ too: 0.19% for XAAG.DE and 0.20% for FWEA.DE.
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