FLPE.L vs. WRDA.L
FLPE.L (Northern Trust Listed Private Equity UCITS ETF) and WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) are both Global Equities funds - FLPE.L tracks the Northern Trust Listed Private Equity UCITS ETF while WRDA.L tracks the MSCI World Index. Both are passively managed. Over the past year, FLPE.L returned -15.94% vs 22.06% for WRDA.L. A 0.71 correlation means they provide meaningful diversification when combined. FLPE.L charges 0.40%/yr vs 0.06%/yr for WRDA.L.
Performance
FLPE.L vs. WRDA.L - Performance Comparison
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Different Trading Currencies
FLPE.L is traded in GBP, while WRDA.L is traded in GBp. To make them comparable, the WRDA.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLPE.L achieves a -13.96% return, which is significantly lower than WRDA.L's 10.72% return.
FLPE.L
- 1D
- -1.43%
- 1M
- -0.02%
- 6M
- -14.85%
- YTD
- -13.96%
- 1Y
- -15.94%
- 3Y*
- 10.46%
- 5Y*
- —
- 10Y*
- —
WRDA.L
- 1D
- 0.00%
- 1M
- 0.47%
- 6M
- 9.40%
- YTD
- 10.72%
- 1Y
- 22.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLPE.L vs. WRDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FLPE.L Northern Trust Listed Private Equity UCITS ETF | -13.96% | -1.74% | 30.60% |
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 10.72% | 12.77% | 20.02% |
Correlation
The correlation between FLPE.L and WRDA.L is 0.64, 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 | 0.64 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.71 |
The correlation between FLPE.L and WRDA.L has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.
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Return for Risk
FLPE.L vs. WRDA.L — Risk / Return Rank
FLPE.L
WRDA.L
FLPE.L vs. WRDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust Listed Private Equity UCITS ETF (FLPE.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.
| FLPE.L | WRDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.37 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 0.81 | -1.37 |
| Martin ratioReturn relative to average drawdown | -1.06 | 1.18 | -2.24 |
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Drawdowns
FLPE.L vs. WRDA.L - Drawdown Comparison
The maximum FLPE.L drawdown since its inception was -43.46%, 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 FLPE.L and WRDA.L.
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Drawdown Indicators
| FLPE.L | WRDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.46% | -27.39% | -16.07% |
Max Drawdown (1Y)Largest decline over 1 year | -28.35% | -27.39% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -30.16% | — | — |
Current DrawdownCurrent decline from peak | -21.58% | -15.98% | -5.60% |
Average DrawdownAverage peak-to-trough decline | -20.81% | -8.18% | -12.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.26% | 18.75% | -3.49% |
Volatility
FLPE.L vs. WRDA.L - Volatility Comparison
Northern Trust Listed Private Equity UCITS ETF (FLPE.L) has a higher volatility of 6.26% compared to UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) at 2.72%. This indicates that FLPE.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
| FLPE.L | WRDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 2.72% | +3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 17.73% | 7.90% | +9.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.61% | 43.22% | -21.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.11% | 29.46% | -3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.11% | 29.46% | -3.35% |
FLPE.L vs. WRDA.L - Expense Ratio Comparison
FLPE.L has a 0.40% expense ratio, which is higher than WRDA.L's 0.06% expense ratio.
Dividends
FLPE.L vs. WRDA.L - Dividend Comparison
Neither FLPE.L nor WRDA.L has paid dividends to shareholders.
Frequently Asked Questions
FLPE.L and WRDA.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.40% for FLPE.L.
FLPE.L tracks Northern Trust Listed Private Equity UCITS ETF, while WRDA.L tracks MSCI World Index. They also come from different issuers: Northern Trust and UBS. Their fees differ too: 0.40% for FLPE.L and 0.06% for WRDA.L.
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