CU2G.L vs. VWRD.L

Last updated Jun 4, 2026

CU2G.L (Amundi MSCI USA UCITS USD) and VWRD.L (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - CU2G.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while VWRD.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 10 years, CU2G.L returned 15.40%/yr vs 13.64%/yr for VWRD.L. Their correlation of 0.85 suggests significant overlap in exposure. CU2G.L charges 0.18%/yr vs 0.22%/yr for VWRD.L.

Performance

CU2G.L vs. VWRD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi MSCI USA UCITS USD (CU2G.L) and Vanguard FTSE All-World UCITS ETF (VWRD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CU2G.L is traded in GBp, while VWRD.L is traded in USD. To make them comparable, the VWRD.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with CU2G.L at 12.15% and VWRD.L at 12.15%. Over the past 10 years, CU2G.L has outperformed VWRD.L with an annualized return of 15.40%, while VWRD.L has yielded a comparatively lower 13.64% annualized return.

CU2G.L

• 1D: -0.01%
• 1M: 8.13%
• YTD: 12.15%
• 6M: 12.93%
• 1Y: 28.55%
• 3Y*: 16.92%
• 5Y*: 13.05%
• 10Y*: 15.40%

VWRD.L

• 1D: -0.42%
• 1M: 5.60%
• YTD: 12.15%
• 6M: 12.76%
• 1Y: 30.37%
• 3Y*: 18.14%
• 5Y*: 12.46%
• 10Y*: 13.64%

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

CU2G.L vs. VWRD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CU2G.L Amundi MSCI USA UCITS USD	12.15%	6.37%	21.31%	20.11%	-10.63%	29.15%	16.42%	26.58%	-0.32%	10.75%
VWRD.L Vanguard FTSE All-World UCITS ETF	12.15%	13.66%	19.71%	16.20%	-8.46%	19.64%	12.72%	20.89%	-4.35%	13.61%

Correlation

The correlation between CU2G.L and VWRD.L is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016	0.85

The correlation between CU2G.L and VWRD.L shifts across timeframes, from 0.73 (1 year) to 0.85 (10 years), reflecting how their relationship changes across market environments.

CU2G.L vs. VWRD.L - Sectors Allocation Comparison

Sectors	CU2G.L	VWRD.L
Technology	29.4%	30.2%
Healthcare	13.0%	8.1%
Financial Services	11.7%	16.1%
Consumer Cyclical	11.0%	9.1%
Communication Services	8.8%	8.9%
Industrials	8.4%	10.2%
Consumer Defensive	6.3%	4.9%
Energy	4.4%	4.3%
Real Estate	2.5%	1.6%
Utilities	2.3%	2.9%
Basic Materials	2.3%	3.6%

Return for Risk

CU2G.L vs. VWRD.L — Risk / Return Rank

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

CU2G.L

CU2G.L Risk / Return Rank: 68
CU2G.L Sharpe Ratio Rank: 75
CU2G.L Sortino Ratio Rank: 72
CU2G.L Omega Ratio Rank: 75
CU2G.L Calmar Ratio Rank: 58
CU2G.L Martin Ratio Rank: 59

VWRD.L

VWRD.L Risk / Return Rank: 72
VWRD.L Sharpe Ratio Rank: 71
VWRD.L Sortino Ratio Rank: 76
VWRD.L Omega Ratio Rank: 72
VWRD.L Calmar Ratio Rank: 66
VWRD.L Martin Ratio Rank: 73

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.

CU2G.L vs. VWRD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI USA UCITS USD (CU2G.L) and Vanguard FTSE All-World UCITS ETF (VWRD.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.

	CU2G.L	VWRD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.55	-0.12
Sortino ratio: Return per unit of downside risk	3.22	3.51	-0.29
Omega ratio: Gain probability vs. loss probability	1.44	1.48	-0.04
Calmar ratio: Return relative to maximum drawdown	2.86	4.34	-1.48
Martin ratio: Return relative to average drawdown	10.34	16.74	-6.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CU2G.L vs. VWRD.L - Sharpe Ratio Comparison

The current CU2G.L Sharpe Ratio is 2.43, which is comparable to the VWRD.L Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of CU2G.L and VWRD.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

	CU2G.L	VWRD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.55	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.90	0.89	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.98	0.89	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	0.90	+0.10

Drawdowns

CU2G.L vs. VWRD.L - Drawdown Comparison

The maximum CU2G.L drawdown since its inception was -25.96%, roughly equal to the maximum VWRD.L drawdown of -25.84%. Use the drawdown chart below to compare losses from any high point for CU2G.L and VWRD.L.

Drawdown Indicators

	CU2G.L	VWRD.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.96%	-25.84%	-0.12%
Max Drawdown (1Y) Largest decline over 1 year	-9.93%	-6.96%	-2.97%
Max Drawdown (3Y) Largest decline over 3 years	-21.81%	-18.11%	-3.70%
Max Drawdown (5Y) Largest decline over 5 years	-21.81%	-18.11%	-3.70%
Max Drawdown (10Y) Largest decline over 10 years	-25.96%	-25.84%	-0.12%
Current Drawdown Current decline from peak	-0.01%	-0.42%	+0.41%
Average Drawdown Average peak-to-trough decline	-3.66%	-3.47%	-0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	1.81%	+0.95%

Volatility

CU2G.L vs. VWRD.L - Volatility Comparison

The current volatility for Amundi MSCI USA UCITS USD (CU2G.L) is 3.21%, while Vanguard FTSE All-World UCITS ETF (VWRD.L) has a volatility of 3.74%. This indicates that CU2G.L experiences smaller price fluctuations and is considered to be less risky than VWRD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CU2G.L	VWRD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	3.74%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	8.38%	9.29%	-0.91%
Volatility (1Y) Calculated over the trailing 1-year period	11.78%	11.90%	-0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.57%	14.08%	+0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.76%	15.29%	+0.47%

CU2G.L vs. VWRD.L - Expense Ratio Comparison

CU2G.L has a 0.18% expense ratio, which is lower than VWRD.L's 0.22% 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

CU2G.L vs. VWRD.L - Dividend Comparison

CU2G.L has not paid dividends to shareholders, while VWRD.L's dividend yield for the trailing twelve months is around 1.24%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CU2G.L Amundi MSCI USA UCITS USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VWRD.L Vanguard FTSE All-World UCITS ETF	1.24%	1.38%	1.52%	1.69%	2.05%	1.48%	1.47%	1.88%	2.29%	1.82%	2.04%	2.07%

Frequently Asked Questions

Can I hold both CU2G.L and VWRD.L in my portfolio?

CU2G.L and VWRD.L have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CU2G.L or VWRD.L?

On fees, CU2G.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CU2G.L or VWRD.L?

CU2G.L is cheaper with a 0.18% expense ratio, compared with 0.22% for VWRD.L.

What is the main difference between CU2G.L and VWRD.L?

CU2G.L is categorized as Large Cap Blend Equities, while VWRD.L is Global Equities. CU2G.L tracks Russell 1000 TR USD, while VWRD.L tracks FTSE All-World Index. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.18% for CU2G.L and 0.22% for VWRD.L.