XLES.L vs. FTWG.L

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Energy S&P US Select Sector UCITS ETF Acc (XLES.L) and Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L).

XLES.L and FTWG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XLES.L is a passively managed fund by Invesco that tracks the performance of the S&P® Select Sector Capped 20% Energy Index. It was launched on Dec 16, 2009. FTWG.L is a passively managed fund by Invesco that tracks the performance of the FTSE All-World Index. It was launched on Feb 20, 2024. Both XLES.L and FTWG.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

XLES.L vs. FTWG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Energy S&P US Select Sector UCITS ETF Acc (XLES.L) and Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L). The values are adjusted to include any dividend payments, if applicable.

XLES.L vs. FTWG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XLES.L Invesco Energy S&P US Select Sector UCITS ETF Acc	31.53%	8.75%	3.30%	7.52%
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist	-1.63%	22.73%	17.92%	8.17%

Different Trading Currencies

XLES.L is traded in USD, while FTWG.L is traded in GBp. To make them comparable, the FTWG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XLES.L achieves a 31.53% return, which is significantly higher than FTWG.L's -1.63% return.

XLES.L

• 1D: -5.45%
• 1M: 4.65%
• YTD: 31.53%
• 6M: 33.14%
• 1Y: 29.04%
• 3Y*: 15.73%
• 5Y*: 22.98%
• 10Y*: 10.56%

FTWG.L

• 1D: 2.63%
• 1M: -4.43%
• YTD: -1.63%
• 6M: 1.93%
• 1Y: 21.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLES.L vs. FTWG.L - Expense Ratio Comparison

XLES.L has a 0.14% expense ratio, which is lower than FTWG.L's 0.15% 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%.

FTWG.L

Invesco FTSE All-World UCITS ETF USD Dist

XLES.L

Invesco Energy S&P US Select Sector UCITS ETF Acc

Return for Risk

XLES.L vs. FTWG.L — Risk / Return Rank

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

XLES.L

XLES.L Risk / Return Rank: 64
XLES.L Sharpe Ratio Rank: 68
XLES.L Sortino Ratio Rank: 61
XLES.L Omega Ratio Rank: 61
XLES.L Calmar Ratio Rank: 70
XLES.L Martin Ratio Rank: 60

FTWG.L

FTWG.L Risk / Return Rank: 76
FTWG.L Sharpe Ratio Rank: 72
FTWG.L Sortino Ratio Rank: 70
FTWG.L Omega Ratio Rank: 71
FTWG.L Calmar Ratio Rank: 84
FTWG.L 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.

XLES.L vs. FTWG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Energy S&P US Select Sector UCITS ETF Acc (XLES.L) and Invesco FTSE All-World UCITS ETF USD Dist (FTWG.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.

	XLES.L	FTWG.L	Difference
Sharpe ratio Return per unit of total volatility	1.25	1.41	-0.16
Sortino ratio Return per unit of downside risk	1.64	1.96	-0.32
Omega ratio Gain probability vs. loss probability	1.24	1.29	-0.05
Calmar ratio Return relative to maximum drawdown	1.99	2.31	-0.32
Martin ratio Return relative to average drawdown	6.55	9.54	-2.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLES.L vs. FTWG.L - Sharpe Ratio Comparison

The current XLES.L Sharpe Ratio is 1.25, which is comparable to the FTWG.L Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of XLES.L and FTWG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XLES.L	FTWG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	1.41	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	1.28	-1.00

Correlation

The correlation between XLES.L and FTWG.L is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XLES.L vs. FTWG.L - Dividend Comparison

XLES.L has not paid dividends to shareholders, while FTWG.L's dividend yield for the trailing twelve months is around 1.37%.

	TTM	2025	2024	2023
XLES.L Invesco Energy S&P US Select Sector UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist	1.37%	1.34%	1.50%	0.70%

Drawdowns

XLES.L vs. FTWG.L - Drawdown Comparison

The maximum XLES.L drawdown since its inception was -72.10%, which is greater than FTWG.L's maximum drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for XLES.L and FTWG.L.

Drawdown Indicators

	XLES.L	FTWG.L	Difference
Max Drawdown Largest peak-to-trough decline	-72.10%	-17.78%	-54.32%
Max Drawdown (1Y) Largest decline over 1 year	-19.47%	-10.16%	-9.31%
Max Drawdown (5Y) Largest decline over 5 years	-28.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-67.55%	—	—
Current Drawdown Current decline from peak	-6.02%	-4.05%	-1.97%
Average Drawdown Average peak-to-trough decline	-20.57%	-2.06%	-18.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.31%	1.87%	+2.44%

Volatility

XLES.L vs. FTWG.L - Volatility Comparison

Invesco Energy S&P US Select Sector UCITS ETF Acc (XLES.L) has a higher volatility of 8.43% compared to Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) at 5.21%. This indicates that XLES.L's price experiences larger fluctuations and is considered to be riskier than FTWG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLES.L	FTWG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.43%	5.21%	+3.22%
Volatility (6M) Calculated over the trailing 6-month period	14.69%	9.03%	+5.66%
Volatility (1Y) Calculated over the trailing 1-year period	23.19%	15.49%	+7.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.88%	13.13%	+13.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.77%	13.13%	+15.64%