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ACWV vs. VWRL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ACWV vs. VWRL.L

Last updated Jun 12, 2026

ACWV (iShares MSCI Global Min Vol Factor ETF) and VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) are both exchange-traded funds - ACWV is a Large Cap Blend Equities fund tracking the MSCI ACWI Minimum Volatility Index, while VWRL.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 10 years, ACWV returned 7.43%/yr vs 12.54%/yr for VWRL.L. A 0.55 correlation means they provide meaningful diversification when combined. ACWV charges 0.20%/yr vs 0.19%/yr for VWRL.L.

Performance

ACWV vs. VWRL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Min Vol Factor ETF (ACWV) and Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ACWV is traded in USD, while VWRL.L is traded in GBP. To make them comparable, the VWRL.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ACWV achieves a 2.53% return, which is significantly lower than VWRL.L's 8.38% return. Over the past 10 years, ACWV has underperformed VWRL.L with an annualized return of 7.43%, while VWRL.L has yielded a comparatively higher 12.54% annualized return.

ACWV

1D
0.64%
1M
0.95%
YTD
2.53%
6M
2.59%
1Y
5.18%
3Y*
10.02%
5Y*
5.38%
10Y*
7.43%

VWRL.L

1D
0.61%
1M
0.17%
YTD
8.38%
6M
9.35%
1Y
23.43%
3Y*
19.59%
5Y*
10.52%
10Y*
12.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ACWV vs. VWRL.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ACWV
iShares MSCI Global Min Vol Factor ETF		2.53%11.04%11.38%8.23%-10.36%13.97%3.04%21.04%-1.42%18.57%
VWRL.L
Vanguard FTSE All-World UCITS ETF Distributing		8.38%22.59%17.61%21.71%-18.22%18.96%15.56%26.94%-10.10%23.98%

Correlation

The correlation between ACWV and VWRL.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.39

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.51

Correlation (10Y)
Calculated over the trailing 10-year period

0.54

Correlation (All Time)
Calculated using the full available price history since May 22, 2012

0.55

The correlation between ACWV and VWRL.L shifts across timeframes, from 0.39 (1 year) to 0.55 (all time), reflecting how their relationship changes across market environments.

ACWV vs. VWRL.L - Sectors Allocation Comparison

Sectors
ACWV
VWRL.L

Technology

22.6%
29.5%

Healthcare

13.2%
8.0%

Financial Services

13.1%
16.2%

Communication Services

12.2%
8.7%

Consumer Defensive

10.3%
5.0%

Industrials

7.9%
10.4%

Utilities

7.8%
2.9%

Consumer Cyclical

5.1%
9.2%

Energy

3.4%
4.2%

Basic Materials

1.8%
3.8%

Real Estate

0.8%
1.8%

Technology

ACWV
22.6%
VWRL.L
29.5%

Healthcare

ACWV
13.2%
VWRL.L
8.0%

Financial Services

ACWV
13.1%
VWRL.L
16.2%

Communication Services

ACWV
12.2%
VWRL.L
8.7%

Consumer Defensive

ACWV
10.3%
VWRL.L
5.0%

Industrials

ACWV
7.9%
VWRL.L
10.4%

Utilities

ACWV
7.8%
VWRL.L
2.9%

Consumer Cyclical

ACWV
5.1%
VWRL.L
9.2%

Energy

ACWV
3.4%
VWRL.L
4.2%

Basic Materials

ACWV
1.8%
VWRL.L
3.8%

Real Estate

ACWV
0.8%
VWRL.L
1.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI Global Min Vol Factor ETF

Vanguard FTSE All-World UCITS ETF Distributing

Often compared with ACWV:
ACWV vs. USMVACWV vs. VTACWV vs. MVOL.LACWV vs. EFAVACWV vs. SPLVACWV vs. VOOACWV vs. XMW.TO
Often compared with VWRL.L:
VWRL.L vs. ACWIVWRL.L vs. VHYL.ASVWRL.L vs. VHVG.LVWRL.L vs. VUSA.LVWRL.L vs. VOOVWRL.L vs. VHYG.LVWRL.L vs. VEVE.L

Return for Risk

ACWV vs. VWRL.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ACWV
ACWV Risk / Return Rank: 2222
Overall Rank
ACWV Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
ACWV Sortino Ratio Rank: 2222
Sortino Ratio Rank
ACWV Omega Ratio Rank: 2121
Omega Ratio Rank
ACWV Calmar Ratio Rank: 2222
Calmar Ratio Rank
ACWV Martin Ratio Rank: 2424
Martin Ratio Rank
VWRL.L
VWRL.L Risk / Return Rank: 8484
Overall Rank
VWRL.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
VWRL.L Sortino Ratio Rank: 8585
Sortino Ratio Rank
VWRL.L Omega Ratio Rank: 8686
Omega Ratio Rank
VWRL.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
VWRL.L Martin Ratio Rank: 8383
Martin Ratio Rank
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.

ACWV vs. VWRL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Min Vol Factor ETF (ACWV) and Vanguard FTSE All-World UCITS ETF Distributing (VWRL.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

ACWVVWRL.LDifference
Sharpe ratioReturn per unit of total volatility
0.67
1.95

-1.28

Sortino ratioReturn per unit of downside risk
0.98
2.85

-1.88

Omega ratioGain probability vs. loss probability

1.12

1.35

-0.23

Calmar ratioReturn relative to maximum drawdown

0.82

2.56

-1.75

Martin ratioReturn relative to average drawdown

2.48

10.89

-8.40

ACWV vs. VWRL.L - Sharpe Ratio Comparison

The current ACWV Sharpe Ratio is 0.67, which is lower than the VWRL.L Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of ACWV and VWRL.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.

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Drawdowns

ACWV vs. VWRL.L - Drawdown Comparison

The maximum ACWV drawdown since its inception was -28.82%, smaller than the maximum VWRL.L drawdown of -33.11%. Use the drawdown chart below to compare losses from any high point for ACWV and VWRL.L.

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Drawdown Indicators

ACWVVWRL.LDifference

Max Drawdown

Largest peak-to-trough decline

-28.82%

-33.11%

+4.29%

Max Drawdown (1Y)

Largest decline over 1 year

-6.37%

-9.11%

+2.74%

Max Drawdown (3Y)

Largest decline over 3 years

-7.56%

-16.28%

+8.72%

Max Drawdown (5Y)

Largest decline over 5 years

-18.14%

-26.74%

+8.60%

Max Drawdown (10Y)

Largest decline over 10 years

-28.82%

-33.11%

+4.29%

Current Drawdown

Current decline from peak

-2.75%

-3.66%

+0.91%

Average Drawdown

Average peak-to-trough decline

-3.11%

-4.53%

+1.42%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.09%

2.14%

-0.05%

Volatility

ACWV vs. VWRL.L - Volatility Comparison

The current volatility for iShares MSCI Global Min Vol Factor ETF (ACWV) is 2.17%, while Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) has a volatility of 3.66%. This indicates that ACWV experiences smaller price fluctuations and is considered to be less risky than VWRL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ACWVVWRL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.17%

3.66%

-1.49%

Volatility (6M)

Calculated over the trailing 6-month period

5.63%

9.41%

-3.78%

Volatility (1Y)

Calculated over the trailing 1-year period

7.80%

12.00%

-4.20%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.23%

15.10%

-4.87%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.31%

15.56%

-3.25%

ACWV vs. VWRL.L - Expense Ratio Comparison

ACWV has a 0.20% expense ratio, which is higher than VWRL.L's 0.19% 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

ACWV vs. VWRL.L - Dividend Comparison

ACWV's dividend yield for the trailing twelve months is around 2.04%, more than VWRL.L's 1.27% yield.

PositionTTM20252024202320222021202020192018201720162015
ACWV
iShares MSCI Global Min Vol Factor ETF		2.04%2.09%2.33%2.41%2.18%1.92%1.77%2.54%2.32%2.04%2.56%2.28%
VWRL.L
Vanguard FTSE All-World UCITS ETF Distributing		1.27%1.39%1.49%1.72%2.03%1.45%1.58%1.95%2.22%1.90%1.95%2.00%

Frequently Asked Questions

ACWV and VWRL.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VWRL.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VWRL.L is cheaper with a 0.19% expense ratio, compared with 0.20% for ACWV.

ACWV is categorized as Large Cap Blend Equities, while VWRL.L is Global Equities. ACWV tracks MSCI ACWI Minimum Volatility Index, while VWRL.L tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for ACWV and 0.19% for VWRL.L.

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