XLYP.L vs. FWRG.L

Last updated Jun 5, 2026

XLYP.L (Invesco US Consumer Discretionary Sector UCITS ETF) and FWRG.L (Invesco FTSE All-World UCITS ETF Acc) are both exchange-traded funds - XLYP.L is a Consumer Discretionary Equities fund tracking the Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while FWRG.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, XLYP.L returned 11.03% vs 31.42% for FWRG.L. A 0.58 correlation means they provide meaningful diversification when combined. XLYP.L charges 0.14%/yr vs 0.15%/yr for FWRG.L.

Performance

XLYP.L vs. FWRG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco US Consumer Discretionary Sector UCITS ETF (XLYP.L) and Invesco FTSE All-World UCITS ETF Acc (FWRG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, XLYP.L achieves a -2.69% return, which is significantly lower than FWRG.L's 12.37% return.

XLYP.L

• 1D: 0.33%
• 1M: -0.12%
• YTD: -2.69%
• 6M: -2.73%
• 1Y: 11.03%
• 3Y*: 12.55%
• 5Y*: 9.67%
• 10Y*: 13.68%

FWRG.L

• 1D: -0.04%
• 1M: 5.18%
• YTD: 12.37%
• 6M: 11.16%
• 1Y: 31.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XLYP.L vs. FWRG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XLYP.L Invesco US Consumer Discretionary Sector UCITS ETF	-2.69%	0.23%	30.67%	6.62%
FWRG.L Invesco FTSE All-World UCITS ETF Acc	12.34%	5.73%	22.20%	7.05%

Correlation

The correlation between XLYP.L and FWRG.L is 0.52, 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	0.52
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023	0.58

The correlation between XLYP.L and FWRG.L has been stable across timeframes, ranging from 0.52 to 0.58 - a consistent structural relationship.

XLYP.L vs. FWRG.L - Sectors Allocation Comparison

Sectors	XLYP.L	FWRG.L
Consumer Cyclical	98.8%	9.4%
Technology	1.0%	29.1%
Industrials	0.2%	11.0%
Basic Materials	-	3.9%
Communication Services	-	8.9%
Consumer Defensive	-	5.0%
Energy	-	4.3%
Financial Services	-	16.4%
Healthcare	-	7.6%
Real Estate	-	1.9%
Utilities	-	2.6%

Return for Risk

XLYP.L vs. FWRG.L — Risk / Return Rank

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

XLYP.L

XLYP.L Risk / Return Rank: 20
XLYP.L Sharpe Ratio Rank: 21
XLYP.L Sortino Ratio Rank: 21
XLYP.L Omega Ratio Rank: 20
XLYP.L Calmar Ratio Rank: 20
XLYP.L Martin Ratio Rank: 20

FWRG.L

FWRG.L Risk / Return Rank: 86
FWRG.L Sharpe Ratio Rank: 88
FWRG.L Sortino Ratio Rank: 88
FWRG.L Omega Ratio Rank: 89
FWRG.L Calmar Ratio Rank: 81
FWRG.L Martin Ratio Rank: 84

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.

XLYP.L vs. FWRG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco US Consumer Discretionary Sector UCITS ETF (XLYP.L) and Invesco FTSE All-World UCITS ETF Acc (FWRG.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.

	XLYP.L	FWRG.L	Difference
Sharpe ratio: Return per unit of total volatility	0.68	2.46	-1.78
Sortino ratio: Return per unit of downside risk	1.06	3.23	-2.17
Omega ratio: Gain probability vs. loss probability	1.12	1.44	-0.32
Calmar ratio: Return relative to maximum drawdown	0.84	4.66	-3.82
Martin ratio: Return relative to average drawdown	2.32	12.24	-9.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XLYP.L vs. FWRG.L - Sharpe Ratio Comparison

The current XLYP.L Sharpe Ratio is 0.68, which is lower than the FWRG.L Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of XLYP.L and FWRG.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

	XLYP.L	FWRG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.68	2.46	-1.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	1.10	-0.34

Drawdowns

XLYP.L vs. FWRG.L - Drawdown Comparison

The maximum XLYP.L drawdown since its inception was -30.40%, which is greater than FWRG.L's maximum drawdown of -22.64%. Use the drawdown chart below to compare losses from any high point for XLYP.L and FWRG.L.

Drawdown Indicators

	XLYP.L	FWRG.L	Difference
Max Drawdown Largest peak-to-trough decline	-30.40%	-22.64%	-7.76%
Max Drawdown (1Y) Largest decline over 1 year	-12.73%	-6.70%	-6.03%
Max Drawdown (3Y) Largest decline over 3 years	-26.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-30.40%	—	—
Current Drawdown Current decline from peak	-6.66%	-0.07%	-6.59%
Average Drawdown Average peak-to-trough decline	-6.54%	-4.29%	-2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	2.55%	+2.05%

Volatility

XLYP.L vs. FWRG.L - Volatility Comparison

Invesco US Consumer Discretionary Sector UCITS ETF (XLYP.L) has a higher volatility of 5.00% compared to Invesco FTSE All-World UCITS ETF Acc (FWRG.L) at 3.51%. This indicates that XLYP.L's price experiences larger fluctuations and is considered to be riskier than FWRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XLYP.L	FWRG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	3.51%	+1.49%
Volatility (6M) Calculated over the trailing 6-month period	11.81%	9.17%	+2.64%
Volatility (1Y) Calculated over the trailing 1-year period	15.81%	12.70%	+3.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.40%	14.75%	+5.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.86%	14.75%	+5.11%

XLYP.L vs. FWRG.L - Expense Ratio Comparison

XLYP.L has a 0.14% expense ratio, which is lower than FWRG.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%.

Dividends

XLYP.L vs. FWRG.L - Dividend Comparison

Neither XLYP.L nor FWRG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XLYP.L and FWRG.L in my portfolio?

XLYP.L and FWRG.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XLYP.L or FWRG.L?

On fees, XLYP.L is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XLYP.L or FWRG.L?

XLYP.L is cheaper with a 0.14% expense ratio, compared with 0.15% for FWRG.L.

What is the main difference between XLYP.L and FWRG.L?

XLYP.L is categorized as Consumer Discretionary Equities, while FWRG.L is Global Equities. XLYP.L tracks Cat 50%MSCI Wld/CD NR&50%MSCI Wld/CS NR, while FWRG.L tracks FTSE All-World Index. Their fees differ too: 0.14% for XLYP.L and 0.15% for FWRG.L.