IIND.L vs. VWRP.L

Last updated Jun 14, 2026

IIND.L (iShares MSCI India UCITS ETF USD (Acc)) and VWRP.L (Vanguard FTSE All-World UCITS ETF (USD) Accumulating) are both exchange-traded funds - IIND.L is a Asia Pacific Equities fund tracking the MSCI India NR USD, while VWRP.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, IIND.L returned 4.70%/yr vs 12.04%/yr for VWRP.L. A 0.51 correlation means they provide meaningful diversification when combined. IIND.L charges 0.65%/yr vs 0.22%/yr for VWRP.L.

Performance

IIND.L vs. VWRP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI India UCITS ETF USD (Acc) (IIND.L) and Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IIND.L achieves a -12.10% return, which is significantly lower than VWRP.L's 10.60% return.

IIND.L

• 1D: 2.57%
• 1M: 0.16%
• YTD: -12.10%
• 6M: -11.25%
• 1Y: -11.00%
• 3Y*: 3.05%
• 5Y*: 4.70%
• 10Y*: —

VWRP.L

• 1D: 1.65%
• 1M: 0.75%
• YTD: 10.60%
• 6M: 11.30%
• 1Y: 28.03%
• 3Y*: 17.31%
• 5Y*: 12.04%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IIND.L vs. VWRP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
IIND.L iShares MSCI India UCITS ETF USD (Acc)	-12.10%	-2.94%	11.13%	12.43%	2.72%	26.95%	10.48%	-1.50%
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating	10.60%	13.94%	19.60%	15.64%	-8.41%	20.00%	12.27%	1.72%

Correlation

The correlation between IIND.L and VWRP.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019	0.51

The correlation between IIND.L and VWRP.L shifts across timeframes, from 0.40 (3 years) to 0.51 (all time), reflecting how their relationship changes across market environments.

IIND.L vs. VWRP.L - Sectors Allocation Comparison

Sectors	IIND.L	VWRP.L
Financial Services	29.5%	16.1%
Consumer Cyclical	11.9%	9.4%
Industrials	10.3%	11.0%
Energy	9.2%	4.2%
Basic Materials	8.6%	3.8%
Technology	8.2%	29.0%
Healthcare	6.0%	8.0%
Consumer Defensive	5.7%	5.0%
Communication Services	5.1%	8.8%
Utilities	4.4%	2.7%
Real Estate	1.3%	1.9%

Return for Risk

IIND.L vs. VWRP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IIND.L

IIND.L Risk / Return Rank: 4
IIND.L Sharpe Ratio Rank: 4
IIND.L Sortino Ratio Rank: 4
IIND.L Omega Ratio Rank: 4
IIND.L Calmar Ratio Rank: 5
IIND.L Martin Ratio Rank: 3

VWRP.L

VWRP.L Risk / Return Rank: 86
VWRP.L Sharpe Ratio Rank: 88
VWRP.L Sortino Ratio Rank: 88
VWRP.L Omega Ratio Rank: 88
VWRP.L Calmar Ratio Rank: 82
VWRP.L Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IIND.L vs. VWRP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI India UCITS ETF USD (Acc) (IIND.L) and Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.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.

	IIND.L	VWRP.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	2.54	-3.29
Sortino ratio: Return per unit of downside risk	-1.00	3.51	-4.51
Omega ratio: Gain probability vs. loss probability	0.89	1.48	-0.60
Calmar ratio: Return relative to maximum drawdown	-0.59	3.82	-4.41
Martin ratio: Return relative to average drawdown	-1.27	15.17	-16.44

IIND.L vs. VWRP.L - Sharpe Ratio Comparison

The current IIND.L Sharpe Ratio is -0.74, which is lower than the VWRP.L Sharpe Ratio of 2.54. The chart below compares the historical Sharpe Ratios of IIND.L and VWRP.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IIND.L vs. VWRP.L - Drawdown Comparison

The maximum IIND.L drawdown since its inception was -45.07%, which is greater than VWRP.L's maximum drawdown of -25.10%. Use the drawdown chart below to compare losses from any high point for IIND.L and VWRP.L.

Drawdown Indicators

	IIND.L	VWRP.L	Difference
Max Drawdown Largest peak-to-trough decline	-45.07%	-25.10%	-19.97%
Max Drawdown (1Y) Largest decline over 1 year	-19.76%	-7.10%	-12.66%
Max Drawdown (3Y) Largest decline over 3 years	-24.81%	-17.64%	-7.17%
Max Drawdown (5Y) Largest decline over 5 years	-24.81%	-17.64%	-7.17%
Current Drawdown Current decline from peak	-21.11%	-1.64%	-19.47%
Average Drawdown Average peak-to-trough decline	-13.03%	-3.38%	-9.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.21%	1.79%	+7.42%

Volatility

IIND.L vs. VWRP.L - Volatility Comparison

iShares MSCI India UCITS ETF USD (Acc) (IIND.L) has a higher volatility of 4.98% compared to Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L) at 3.57%. This indicates that IIND.L's price experiences larger fluctuations and is considered to be riskier than VWRP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IIND.L	VWRP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	3.57%	+1.41%
Volatility (6M) Calculated over the trailing 6-month period	13.26%	8.07%	+5.19%
Volatility (1Y) Calculated over the trailing 1-year period	15.81%	10.69%	+5.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.29%	12.92%	+8.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.99%	14.96%	+10.03%

IIND.L vs. VWRP.L - Expense Ratio Comparison

IIND.L has a 0.65% expense ratio, which is higher than VWRP.L's 0.22% expense ratio.

Dividends

IIND.L vs. VWRP.L - Dividend Comparison

Neither IIND.L nor VWRP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IIND.L and VWRP.L in my portfolio?

IIND.L and VWRP.L have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IIND.L or VWRP.L?

On fees, VWRP.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IIND.L or VWRP.L?

VWRP.L is cheaper with a 0.22% expense ratio, compared with 0.65% for IIND.L.

What is the main difference between IIND.L and VWRP.L?

IIND.L is categorized as Asia Pacific Equities, while VWRP.L is Global Equities. IIND.L tracks MSCI India NR USD, while VWRP.L tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.65% for IIND.L and 0.22% for VWRP.L.