FXGB.L vs. WRDA.L
FXGB.L (First Trust FactorFX UCITS ETF Class B GBP) and WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) are both Global Equities funds - FXGB.L tracks the First Trust FactorFX UCITS ETF Class B GBP while WRDA.L tracks the MSCI World Index. Both are passively managed. Over the past year, FXGB.L returned 11.05% vs 22.06% for WRDA.L. At a 0.04 correlation, their price movements are largely independent.
Performance
FXGB.L vs. WRDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, FXGB.L achieves a 6.36% return, which is significantly lower than WRDA.L's 10.72% return.
FXGB.L
- 1D
- 1.17%
- 1M
- 1.83%
- 6M
- 6.32%
- YTD
- 6.36%
- 1Y
- 11.05%
- 3Y*
- 6.35%
- 5Y*
- 5.06%
- 10Y*
- —
WRDA.L
- 1D
- 0.00%
- 1M
- 0.47%
- 6M
- 9.40%
- YTD
- 10.72%
- 1Y
- 22.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FXGB.L vs. WRDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FXGB.L First Trust FactorFX UCITS ETF Class B GBP | 6.36% | 7.73% | 5.44% |
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 10.72% | 12.77% | 20.02% |
Correlation
The correlation between FXGB.L and WRDA.L is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.04 |
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Return for Risk
FXGB.L vs. WRDA.L — Risk / Return Rank
FXGB.L
WRDA.L
FXGB.L vs. WRDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust FactorFX UCITS ETF Class B GBP (FXGB.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.
| FXGB.L | WRDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 0.81 | +1.74 |
| Martin ratioReturn relative to average drawdown | 7.10 | 1.18 | +5.92 |
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Drawdowns
FXGB.L vs. WRDA.L - Drawdown Comparison
The maximum FXGB.L drawdown since its inception was -9.43%, smaller than the maximum WRDA.L drawdown of -27.39%. Use the drawdown chart below to compare losses from any high point for FXGB.L and WRDA.L.
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Drawdown Indicators
| FXGB.L | WRDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.43% | -27.39% | +17.96% |
Max Drawdown (1Y)Largest decline over 1 year | -4.33% | -27.39% | +23.06% |
Max Drawdown (3Y)Largest decline over 3 years | -6.86% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -7.83% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | -15.98% | +15.97% |
Average DrawdownAverage peak-to-trough decline | -2.72% | -8.18% | +5.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.55% | 18.75% | -17.20% |
Volatility
FXGB.L vs. WRDA.L - Volatility Comparison
First Trust FactorFX UCITS ETF Class B GBP (FXGB.L) and UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) have volatilities of 2.78% and 2.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXGB.L | WRDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.78% | 2.72% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.42% | 7.90% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.11% | 43.22% | -32.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.87% | 29.46% | -21.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.76% | 29.46% | -22.70% |
Dividends
FXGB.L vs. WRDA.L - Dividend Comparison
Neither FXGB.L nor WRDA.L has paid dividends to shareholders.
Frequently Asked Questions
FXGB.L and WRDA.L have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXGB.L tracks First Trust FactorFX UCITS ETF Class B GBP, while WRDA.L tracks MSCI World Index. They also come from different issuers: First Trust and UBS.
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