G500.L vs. WRDA.L
G500.L (Invesco S&P 500 UCITS ETF (GBP Hdg)) and WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) are both Global Equities funds - G500.L tracks the Invesco S&P 500 UCITS ETF (GBP Hdg) while WRDA.L tracks the MSCI World Index. Both are passively managed. Over the past year, G500.L returned 21.08% vs 22.06% for WRDA.L. Their correlation of 0.83 suggests significant overlap in exposure. G500.L charges 0.05%/yr vs 0.06%/yr for WRDA.L.
Performance
G500.L vs. WRDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, G500.L achieves a 9.90% return, which is significantly lower than WRDA.L's 10.72% return.
G500.L
- 1D
- -0.05%
- 1M
- -0.03%
- 6M
- 9.49%
- YTD
- 9.90%
- 1Y
- 21.08%
- 3Y*
- 19.63%
- 5Y*
- 12.15%
- 10Y*
- —
WRDA.L
- 1D
- 0.00%
- 1M
- 0.47%
- 6M
- 9.40%
- YTD
- 10.72%
- 1Y
- 22.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
G500.L vs. WRDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
G500.L Invesco S&P 500 UCITS ETF (GBP Hdg) | 9.90% | 17.45% | 22.41% |
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 10.72% | 12.77% | 20.02% |
Correlation
The correlation between G500.L and WRDA.L is 0.82, 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 | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.83 |
The correlation between G500.L and WRDA.L has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.
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Return for Risk
G500.L vs. WRDA.L — Risk / Return Rank
G500.L
WRDA.L
G500.L vs. WRDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.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.
| G500.L | WRDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 0.81 | +1.85 |
| Martin ratioReturn relative to average drawdown | 10.68 | 1.18 | +9.51 |
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Drawdowns
G500.L vs. WRDA.L - Drawdown Comparison
The maximum G500.L drawdown since its inception was -25.20%, smaller than the maximum WRDA.L drawdown of -27.39%. Use the drawdown chart below to compare losses from any high point for G500.L and WRDA.L.
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Drawdown Indicators
| G500.L | WRDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.20% | -27.39% | +2.19% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -27.39% | +19.18% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.20% | — | — |
Current DrawdownCurrent decline from peak | -0.66% | -15.98% | +15.32% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -8.18% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 18.75% | -16.71% |
Volatility
G500.L vs. WRDA.L - Volatility Comparison
Invesco S&P 500 UCITS ETF (GBP Hdg) (G500.L) and UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) have volatilities of 2.79% 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
| G500.L | WRDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 2.72% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 9.28% | 7.90% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.06% | 43.22% | -31.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.99% | 29.46% | -13.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 29.46% | -13.59% |
G500.L vs. WRDA.L - Expense Ratio Comparison
G500.L has a 0.05% expense ratio, which is lower than WRDA.L's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
G500.L vs. WRDA.L - Dividend Comparison
Neither G500.L nor WRDA.L has paid dividends to shareholders.
Frequently Asked Questions
G500.L and WRDA.L have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, G500.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
G500.L is cheaper with a 0.05% expense ratio, compared with 0.06% for WRDA.L.
G500.L tracks Invesco S&P 500 UCITS ETF (GBP Hdg), while WRDA.L tracks MSCI World Index. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.05% for G500.L and 0.06% for WRDA.L.
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