EEWG.L vs. VPAC.L
EEWG.L (iShares MSCI World ESG Enhanced UCITS ETF USD (Dist)) and VPAC.L (Invesco Variable Rate Preferred Shares UCITS ETF USD (Acc)) are both exchange-traded funds - EEWG.L is a Global Equities fund tracking the MSCI ACWI NR USD, while VPAC.L is a Preferred Stock/Convertible Bonds fund tracking the ICE Diversified Variable Rate Preferred & Hybrid Securities Index. Both are passively managed. Over the past 5 years, EEWG.L returned 10.59%/yr vs 4.29%/yr for VPAC.L. At a 0.34 correlation, their price movements are largely independent. EEWG.L charges 0.20%/yr vs 0.50%/yr for VPAC.L.
Performance
EEWG.L vs. VPAC.L - Performance Comparison
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Different Trading Currencies
EEWG.L is traded in GBP, while VPAC.L is traded in USD. To make them comparable, the VPAC.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, EEWG.L achieves a 8.45% return, which is significantly higher than VPAC.L's 3.01% return.
EEWG.L
- 1D
- -0.83%
- 1M
- -0.98%
- 6M
- 6.53%
- YTD
- 8.45%
- 1Y
- 18.91%
- 3Y*
- 15.96%
- 5Y*
- 10.59%
- 10Y*
- —
VPAC.L
- 1D
- 0.27%
- 1M
- -0.35%
- 6M
- 1.83%
- YTD
- 3.01%
- 1Y
- 5.46%
- 3Y*
- 7.72%
- 5Y*
- 4.29%
- 10Y*
- —
EEWG.L vs. VPAC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EEWG.L iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) | 8.45% | 10.99% | 20.26% | 16.47% | -10.69% | 24.36% | 13.71% | 1.01% |
VPAC.L Invesco Variable Rate Preferred Shares UCITS ETF USD (Acc) | 3.01% | -1.24% | 12.77% | 3.80% | 1.04% | 4.62% | 1.73% | -1.65% |
Correlation
The correlation between EEWG.L and VPAC.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2019 | 0.34 |
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Return for Risk
EEWG.L vs. VPAC.L — Risk / Return Rank
EEWG.L
VPAC.L
EEWG.L vs. VPAC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) (EEWG.L) and Invesco Variable Rate Preferred Shares UCITS ETF USD (Acc) (VPAC.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.
| EEWG.L | VPAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.17 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 1.27 | +1.40 |
| Martin ratioReturn relative to average drawdown | 10.45 | 3.30 | +7.14 |
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Drawdowns
EEWG.L vs. VPAC.L - Drawdown Comparison
The maximum EEWG.L drawdown since its inception was -25.43%, smaller than the maximum VPAC.L drawdown of -26.87%. Use the drawdown chart below to compare losses from any high point for EEWG.L and VPAC.L.
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Drawdown Indicators
| EEWG.L | VPAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.43% | -26.87% | +1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -7.06% | -4.94% | -2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -18.89% | -9.34% | -9.55% |
Max Drawdown (5Y)Largest decline over 5 years | -18.89% | -15.98% | -2.91% |
Current DrawdownCurrent decline from peak | -1.76% | -1.48% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -4.54% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 1.90% | -0.09% |
Volatility
EEWG.L vs. VPAC.L - Volatility Comparison
iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) (EEWG.L) has a higher volatility of 2.85% compared to Invesco Variable Rate Preferred Shares UCITS ETF USD (Acc) (VPAC.L) at 1.91%. This indicates that EEWG.L's price experiences larger fluctuations and is considered to be riskier than VPAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EEWG.L | VPAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.85% | 1.91% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 8.01% | 5.14% | +2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.84% | 6.72% | +4.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.52% | 8.70% | +4.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.28% | 12.35% | +2.93% |
EEWG.L vs. VPAC.L - Expense Ratio Comparison
EEWG.L has a 0.20% expense ratio, which is lower than VPAC.L's 0.50% expense ratio.
Dividends
EEWG.L vs. VPAC.L - Dividend Comparison
EEWG.L's dividend yield for the trailing twelve months is around 1.12%, while VPAC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
EEWG.L iShares MSCI World ESG Enhanced UCITS ETF USD (Dist) | 1.12% | 1.18% | 1.36% | 1.59% | 1.78% | 1.28% | 1.43% | 0.76% |
VPAC.L Invesco Variable Rate Preferred Shares UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EEWG.L and VPAC.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EEWG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EEWG.L is cheaper with a 0.20% expense ratio, compared with 0.50% for VPAC.L.
EEWG.L is categorized as Global Equities, while VPAC.L is Preferred Stock/Convertible Bonds. EEWG.L tracks MSCI ACWI NR USD, while VPAC.L tracks ICE Diversified Variable Rate Preferred & Hybrid Securities Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.20% for EEWG.L and 0.50% for VPAC.L.
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