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IWDA.L vs. VHVG.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWDA.L vs. VHVG.L

Last updated Jun 5, 2026

IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and VHVG.L (Vanguard FTSE Developed World UCITS ETF Acc) are both Global Equities funds - IWDA.L tracks the MSCI World Index (Net) while VHVG.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, IWDA.L returned 11.86%/yr vs 12.11%/yr for VHVG.L. Their correlation of 0.92 suggests significant overlap in exposure. IWDA.L charges 0.20%/yr vs 0.12%/yr for VHVG.L.

Performance

IWDA.L vs. VHVG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) and Vanguard FTSE Developed World UCITS ETF Acc (VHVG.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

IWDA.L is traded in USD, while VHVG.L is traded in GBP. To make them comparable, the VHVG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, IWDA.L achieves a 9.83% return, which is significantly lower than VHVG.L's 11.54% return.

IWDA.L

1D
0.10%
1M
4.07%
YTD
9.83%
6M
10.98%
1Y
25.98%
3Y*
20.77%
5Y*
11.86%
10Y*
13.07%

VHVG.L

1D
-0.02%
1M
4.62%
YTD
11.54%
6M
13.10%
1Y
28.63%
3Y*
21.42%
5Y*
12.11%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

IWDA.L vs. VHVG.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		9.83%21.03%19.11%24.27%-18.11%22.19%16.06%8.39%
VHVG.L
Vanguard FTSE Developed World UCITS ETF Acc		11.54%22.44%17.99%23.74%-18.23%21.91%16.01%9.32%

Correlation

The correlation between IWDA.L and VHVG.L is 0.92, 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

0.92

Correlation (3Y)
Calculated over the trailing 3-year period

0.92

Correlation (5Y)
Calculated over the trailing 5-year period

0.92

Correlation (All Time)
Calculated using the full available price history since Sep 27, 2019

0.92

The correlation between IWDA.L and VHVG.L has been stable across timeframes, ranging from 0.92 to 0.92 - a consistent structural relationship.

IWDA.L vs. VHVG.L - Sectors Allocation Comparison

Sectors
IWDA.L
VHVG.L

Technology

32.9%
29.0%

Financial Services

14.9%
15.6%

Industrials

9.7%
11.5%

Communication Services

9.3%
9.0%

Consumer Cyclical

8.8%
9.3%

Healthcare

8.6%
8.5%

Consumer Defensive

4.8%
5.1%

Energy

3.9%
4.1%

Basic Materials

2.8%
3.4%

Utilities

2.4%
2.6%

Real Estate

1.2%
2.0%

Technology

IWDA.L
32.9%
VHVG.L
29.0%

Financial Services

IWDA.L
14.9%
VHVG.L
15.6%

Industrials

IWDA.L
9.7%
VHVG.L
11.5%

Communication Services

IWDA.L
9.3%
VHVG.L
9.0%

Consumer Cyclical

IWDA.L
8.8%
VHVG.L
9.3%

Healthcare

IWDA.L
8.6%
VHVG.L
8.5%

Consumer Defensive

IWDA.L
4.8%
VHVG.L
5.1%

Energy

IWDA.L
3.9%
VHVG.L
4.1%

Basic Materials

IWDA.L
2.8%
VHVG.L
3.4%

Utilities

IWDA.L
2.4%
VHVG.L
2.6%

Real Estate

IWDA.L
1.2%
VHVG.L
2.0%

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iShares Core MSCI World UCITS ETF USD (Acc)

Vanguard FTSE Developed World UCITS ETF Acc

Often compared with IWDA.L:
IWDA.L vs. VWCE.DEIWDA.L vs. SWDA.LIWDA.L vs. VWRP.LIWDA.L vs. VUAA.LIWDA.L vs. URTHIWDA.L vs. ACWI.LIWDA.L vs. SPY
Often compared with VHVG.L:
VHVG.L vs. VWCE.DEVHVG.L vs. VWRL.LVHVG.L vs. VUAA.LVHVG.L vs. SWLD.LVHVG.L vs. VEAVHVG.L vs. VEUA.LVHVG.L vs. SWRD.L

Return for Risk

IWDA.L vs. VHVG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
IWDA.L
IWDA.L Risk / Return Rank: 6868
Overall Rank
IWDA.L Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
IWDA.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IWDA.L Omega Ratio Rank: 6767
Omega Ratio Rank
IWDA.L Calmar Ratio Rank: 6464
Calmar Ratio Rank
IWDA.L Martin Ratio Rank: 7272
Martin Ratio Rank
VHVG.L
VHVG.L Risk / Return Rank: 8686
Overall Rank
VHVG.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
VHVG.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
VHVG.L Omega Ratio Rank: 8888
Omega Ratio Rank
VHVG.L Calmar Ratio Rank: 8282
Calmar Ratio Rank
VHVG.L Martin Ratio Rank: 8585
Martin Ratio Rank
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.

IWDA.L vs. VHVG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) and Vanguard FTSE Developed World UCITS ETF Acc (VHVG.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.

IWDA.LVHVG.LDifference
Sharpe ratioReturn per unit of total volatility
2.17
2.46

-0.30

Sortino ratioReturn per unit of downside risk
3.26
3.61

-0.36

Omega ratioGain probability vs. loss probability

1.40

1.44

-0.05

Calmar ratioReturn relative to maximum drawdown

3.11

3.22

-0.11

Martin ratioReturn relative to average drawdown

13.16

14.29

-1.13

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IWDA.L vs. VHVG.L - Sharpe Ratio Comparison

The current IWDA.L Sharpe Ratio is 2.17, which is comparable to the VHVG.L Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of IWDA.L and VHVG.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.

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Sharpe Ratios by Period

IWDA.LVHVG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.17

2.46

-0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.76

0.80

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.82

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.79

0.87

-0.08

Drawdowns

IWDA.L vs. VHVG.L - Drawdown Comparison

The maximum IWDA.L drawdown since its inception was -34.11%, roughly equal to the maximum VHVG.L drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for IWDA.L and VHVG.L.

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Drawdown Indicators

IWDA.LVHVG.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.11%

-33.49%

-0.62%

Max Drawdown (1Y)

Largest decline over 1 year

-8.31%

-8.84%

+0.53%

Max Drawdown (3Y)

Largest decline over 3 years

-16.94%

-16.23%

-0.71%

Max Drawdown (5Y)

Largest decline over 5 years

-25.88%

-26.74%

+0.86%

Max Drawdown (10Y)

Largest decline over 10 years

-34.11%

—

—

Current Drawdown

Current decline from peak

-0.43%

-0.67%

+0.24%

Average Drawdown

Average peak-to-trough decline

-4.44%

-5.38%

+0.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

2.00%

-0.03%

Volatility

IWDA.L vs. VHVG.L - Volatility Comparison

iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a higher volatility of 3.40% compared to Vanguard FTSE Developed World UCITS ETF Acc (VHVG.L) at 3.20%. This indicates that IWDA.L's price experiences larger fluctuations and is considered to be riskier than VHVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

IWDA.LVHVG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.40%

3.20%

+0.20%

Volatility (6M)

Calculated over the trailing 6-month period

9.19%

8.86%

+0.33%

Volatility (1Y)

Calculated over the trailing 1-year period

11.93%

11.57%

+0.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.68%

15.06%

+0.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.91%

17.07%

-1.16%

IWDA.L vs. VHVG.L - Expense Ratio Comparison

IWDA.L has a 0.20% expense ratio, which is higher than VHVG.L's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IWDA.L vs. VHVG.L - Dividend Comparison

Neither IWDA.L nor VHVG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

With a correlation of 0.92, IWDA.L and VHVG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

On fees, VHVG.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VHVG.L is cheaper with a 0.12% expense ratio, compared with 0.20% for IWDA.L.

IWDA.L tracks MSCI World Index (Net), while VHVG.L tracks MSCI ACWI NR USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IWDA.L and 0.12% for VHVG.L.

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