IVV.AX vs. VWRD.L
IVV.AX (iShares S&P 500 ETF) and VWRD.L (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - IVV.AX is a S&P 500 fund tracking the S&P 500 Net TR Index (AUD), while VWRD.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 10 years, IVV.AX returned 106.91%/yr vs 13.41%/yr for VWRD.L. At a 0.35 correlation, their price movements are largely independent. IVV.AX charges 0.04%/yr vs 0.22%/yr for VWRD.L.
Performance
IVV.AX vs. VWRD.L - Performance Comparison
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Different Trading Currencies
IVV.AX is traded in AUD, while VWRD.L is traded in USD. To make them comparable, the VWRD.L values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IVV.AX achieves a 2.58% return, which is significantly lower than VWRD.L's 4.45% return. Over the past 10 years, IVV.AX has outperformed VWRD.L with an annualized return of 106.91%, while VWRD.L has yielded a comparatively lower 13.41% annualized return.
IVV.AX
- 1D
- 0.91%
- 1M
- 2.32%
- YTD
- 2.58%
- 6M
- 1.61%
- 1Y
- 15.01%
- 3Y*
- 19.27%
- 5Y*
- 97.58%
- 10Y*
- 106.91%
VWRD.L
- 1D
- 2.43%
- 1M
- 2.50%
- YTD
- 4.45%
- 6M
- 5.68%
- 1Y
- 16.47%
- 3Y*
- 18.18%
- 5Y*
- 12.91%
- 10Y*
- 13.41%
IVV.AX vs. VWRD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IVV.AX iShares S&P 500 ETF | 2.58% | 9.09% | 37.73% | 25.77% | 1,140.23% | 2,933.38% | 11.30% | 40.40% | 3.21% | 10.85% |
VWRD.L Vanguard FTSE All-World UCITS ETF | 4.45% | 13.50% | 29.49% | 22.40% | -12.78% | 25.47% | 5.93% | 26.26% | -0.02% | 14.87% |
Correlation
The correlation between IVV.AX and VWRD.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since May 22, 2012 | 0.35 |
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Return for Risk
IVV.AX vs. VWRD.L — Risk / Return Rank
IVV.AX
VWRD.L
IVV.AX vs. VWRD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares S&P 500 ETF (IVV.AX) and Vanguard FTSE All-World UCITS ETF (VWRD.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.
| IVV.AX | VWRD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 1.68 | -0.48 |
| Martin ratioReturn relative to average drawdown | 3.21 | 5.23 | -2.01 |
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Drawdowns
IVV.AX vs. VWRD.L - Drawdown Comparison
The maximum IVV.AX drawdown since its inception was -38.37%, which is greater than VWRD.L's maximum drawdown of -24.12%. Use the drawdown chart below to compare losses from any high point for IVV.AX and VWRD.L.
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Drawdown Indicators
| IVV.AX | VWRD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.37% | -24.12% | -14.25% |
Max Drawdown (1Y)Largest decline over 1 year | -11.60% | -9.81% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -17.38% | -14.43% | -2.95% |
Max Drawdown (5Y)Largest decline over 5 years | -17.38% | -19.93% | +2.55% |
Max Drawdown (10Y)Largest decline over 10 years | -23.89% | -24.12% | +0.23% |
Current DrawdownCurrent decline from peak | -1.02% | -0.13% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -9.54% | -3.57% | -5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.41% | 3.16% | +1.25% |
Volatility
IVV.AX vs. VWRD.L - Volatility Comparison
The current volatility for iShares S&P 500 ETF (IVV.AX) is 2.41%, while Vanguard FTSE All-World UCITS ETF (VWRD.L) has a volatility of 3.71%. This indicates that IVV.AX experiences smaller price fluctuations and is considered to be less risky than VWRD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVV.AX | VWRD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.41% | 3.71% | -1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 9.14% | -1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.20% | 11.57% | -1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 583.29% | 13.98% | +569.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 772.05% | 14.33% | +757.72% |
IVV.AX vs. VWRD.L - Expense Ratio Comparison
IVV.AX has a 0.04% expense ratio, which is lower than VWRD.L's 0.22% 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
IVV.AX vs. VWRD.L - Dividend Comparison
IVV.AX's dividend yield for the trailing twelve months is around 0.69%, less than VWRD.L's 1.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVV.AX iShares S&P 500 ETF | 0.69% | 0.73% | 1.59% | 1.67% | 101.74% | 79.67% | 5.54% | 8.14% | 0.00% | 0.00% | 0.00% | 33.20% |
VWRD.L Vanguard FTSE All-World UCITS ETF | 1.25% | 1.38% | 1.52% | 1.69% | 2.05% | 1.48% | 1.47% | 1.88% | 2.29% | 1.82% | 2.04% | 2.07% |
Frequently Asked Questions
IVV.AX and VWRD.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IVV.AX is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IVV.AX is cheaper with a 0.04% expense ratio, compared with 0.22% for VWRD.L.
IVV.AX is categorized as S&P 500, while VWRD.L is Global Equities. IVV.AX tracks S&P 500 Net TR Index (AUD), while VWRD.L tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.04% for IVV.AX and 0.22% for VWRD.L.
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