ESGS.L vs. WRDA.L
ESGS.L (Invesco MSCI USA Universal Screened UCITS ETF) and WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) are both Global Equities funds - ESGS.L tracks the Invesco MSCI USA Universal Screened UCITS ETF while WRDA.L tracks the MSCI World Index. Both are passively managed. Over the past year, ESGS.L returned 20.69% vs 22.06% for WRDA.L. Their correlation of 0.94 suggests significant overlap in exposure. ESGS.L charges 0.09%/yr vs 0.06%/yr for WRDA.L.
Performance
ESGS.L vs. WRDA.L - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ESGS.L having a 10.62% return and WRDA.L slightly higher at 10.72%.
ESGS.L
- 1D
- -0.42%
- 1M
- -1.16%
- 6M
- 9.99%
- YTD
- 10.62%
- 1Y
- 20.69%
- 3Y*
- 18.46%
- 5Y*
- 12.45%
- 10Y*
- —
WRDA.L
- 1D
- 0.00%
- 1M
- 0.47%
- 6M
- 9.40%
- YTD
- 10.72%
- 1Y
- 22.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ESGS.L vs. WRDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ESGS.L Invesco MSCI USA Universal Screened UCITS ETF | 10.62% | 7.44% | 23.60% |
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 10.72% | 12.77% | 20.02% |
Correlation
The correlation between ESGS.L and WRDA.L is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.94 |
The correlation between ESGS.L and WRDA.L has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
ESGS.L vs. WRDA.L — Risk / Return Rank
ESGS.L
WRDA.L
ESGS.L vs. WRDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI USA Universal Screened UCITS ETF (ESGS.L) and UBS Core MSCI World UCITS ETF USD Acc (WRDA.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.
| ESGS.L | WRDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.71 | 0.81 | +1.91 |
| Martin ratioReturn relative to average drawdown | 9.33 | 1.18 | +8.15 |
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Drawdowns
ESGS.L vs. WRDA.L - Drawdown Comparison
The maximum ESGS.L drawdown since its inception was -29.04%, which is greater than WRDA.L's maximum drawdown of -27.39%. Use the drawdown chart below to compare losses from any high point for ESGS.L and WRDA.L.
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Drawdown Indicators
| ESGS.L | WRDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.04% | -27.39% | -1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -27.39% | +19.23% |
Max Drawdown (3Y)Largest decline over 3 years | -21.65% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.65% | — | — |
Current DrawdownCurrent decline from peak | -2.34% | -15.98% | +13.64% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -8.18% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 18.75% | -16.37% |
Volatility
ESGS.L vs. WRDA.L - Volatility Comparison
Invesco MSCI USA Universal Screened UCITS ETF (ESGS.L) has a higher volatility of 3.72% compared to UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) at 2.72%. This indicates that ESGS.L's price experiences larger fluctuations and is considered to be riskier than WRDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESGS.L | WRDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 2.72% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 7.90% | +0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 43.22% | -31.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.36% | 29.46% | -9.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.42% | 29.46% | -8.04% |
ESGS.L vs. WRDA.L - Expense Ratio Comparison
ESGS.L has a 0.09% expense ratio, which is higher than WRDA.L's 0.06% 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
ESGS.L vs. WRDA.L - Dividend Comparison
Neither ESGS.L nor WRDA.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, ESGS.L and WRDA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, WRDA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WRDA.L is cheaper with a 0.06% expense ratio, compared with 0.09% for ESGS.L.
ESGS.L tracks Invesco MSCI USA Universal Screened UCITS ETF, while WRDA.L tracks MSCI World Index. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.09% for ESGS.L and 0.06% for WRDA.L.
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