FSWD.L vs. VRPS.L
FSWD.L (iShares STOXX World Equity Multifactor UCITS ETF USD (Acc)) and VRPS.L (Invesco Variable Rate Preferred Shares UCITS ETF USD (Dist)) are both exchange-traded funds - FSWD.L is a Global Equities fund tracking the STOXX Developed World Equity Factor Screened Net Index, while VRPS.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, FSWD.L returned 11.68%/yr vs 3.98%/yr for VRPS.L. At a 0.37 correlation, their price movements are largely independent. FSWD.L charges 0.30%/yr vs 0.50%/yr for VRPS.L.
Performance
FSWD.L vs. VRPS.L - Performance Comparison
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Different Trading Currencies
FSWD.L is traded in GBp, while VRPS.L is traded in USD. To make them comparable, the VRPS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FSWD.L achieves a 12.10% return, which is significantly higher than VRPS.L's 2.32% return.
FSWD.L
- 1D
- -0.82%
- 1M
- -0.61%
- 6M
- 10.73%
- YTD
- 12.10%
- 1Y
- 24.41%
- 3Y*
- 18.45%
- 5Y*
- 11.68%
- 10Y*
- 11.49%
VRPS.L
- 1D
- 0.09%
- 1M
- -1.08%
- 6M
- 0.95%
- YTD
- 2.32%
- 1Y
- 5.05%
- 3Y*
- 7.33%
- 5Y*
- 3.98%
- 10Y*
- —
FSWD.L vs. VRPS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FSWD.L iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) | 12.10% | 17.16% | 18.87% | 9.04% | -5.40% | 22.11% | 6.89% | 17.63% | -13.23% |
VRPS.L Invesco Variable Rate Preferred Shares UCITS ETF USD (Dist) | 2.32% | -1.25% | 12.75% | 3.81% | 1.00% | 4.61% | 1.13% | 13.26% | -4.61% |
Correlation
The correlation between FSWD.L and VRPS.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
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 Oct 3, 2018 | 0.37 |
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Return for Risk
FSWD.L vs. VRPS.L — Risk / Return Rank
FSWD.L
VRPS.L
FSWD.L vs. VRPS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) (FSWD.L) and Invesco Variable Rate Preferred Shares UCITS ETF USD (Dist) (VRPS.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.
| FSWD.L | VRPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.13 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.12 | 1.06 | +3.06 |
| Martin ratioReturn relative to average drawdown | 15.80 | 2.89 | +12.90 |
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Drawdowns
FSWD.L vs. VRPS.L - Drawdown Comparison
The maximum FSWD.L drawdown since its inception was -37.43%, which is greater than VRPS.L's maximum drawdown of -27.14%. Use the drawdown chart below to compare losses from any high point for FSWD.L and VRPS.L.
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Drawdown Indicators
| FSWD.L | VRPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.43% | -27.14% | -10.29% |
Max Drawdown (1Y)Largest decline over 1 year | -5.90% | -4.75% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -19.93% | -9.37% | -10.56% |
Max Drawdown (5Y)Largest decline over 5 years | -19.93% | -15.84% | -4.09% |
Max Drawdown (10Y)Largest decline over 10 years | -26.27% | — | — |
Current DrawdownCurrent decline from peak | -1.42% | -2.17% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -7.38% | -4.63% | -2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.54% | 1.74% | -0.20% |
Volatility
FSWD.L vs. VRPS.L - Volatility Comparison
iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) (FSWD.L) has a higher volatility of 2.86% compared to Invesco Variable Rate Preferred Shares UCITS ETF USD (Dist) (VRPS.L) at 1.77%. This indicates that FSWD.L's price experiences larger fluctuations and is considered to be riskier than VRPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSWD.L | VRPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 1.77% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 5.23% | +3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.94% | 6.86% | +4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.86% | 8.74% | +10.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 12.29% | +5.11% |
FSWD.L vs. VRPS.L - Expense Ratio Comparison
FSWD.L has a 0.30% expense ratio, which is lower than VRPS.L's 0.50% expense ratio.
Dividends
FSWD.L vs. VRPS.L - Dividend Comparison
FSWD.L has not paid dividends to shareholders, while VRPS.L's dividend yield for the trailing twelve months is around 5.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FSWD.L iShares STOXX World Equity Multifactor UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VRPS.L Invesco Variable Rate Preferred Shares UCITS ETF USD (Dist) | 5.14% | 4.99% | 4.98% | 4.97% | 4.60% | 3.72% | 3.97% | 4.33% | 0.70% |
Frequently Asked Questions
FSWD.L and VRPS.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FSWD.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FSWD.L is cheaper with a 0.30% expense ratio, compared with 0.50% for VRPS.L.
FSWD.L is categorized as Global Equities, while VRPS.L is Preferred Stock/Convertible Bonds. FSWD.L tracks STOXX Developed World Equity Factor Screened Net Index, while VRPS.L tracks ICE Diversified Variable Rate Preferred & Hybrid Securities Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.30% for FSWD.L and 0.50% for VRPS.L.
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