PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
IWDA.L vs. VWRL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IWDA.L vs. VWRL.L

Last updated Jun 6, 2026

IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) and VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) are both Global Equities funds - IWDA.L tracks the MSCI World Index (Net) while VWRL.L tracks the FTSE All-World Index. Both are passively managed. Over the past 10 years, IWDA.L returned 12.87%/yr vs 12.38%/yr for VWRL.L. Their correlation of 0.90 suggests significant overlap in exposure. IWDA.L charges 0.20%/yr vs 0.19%/yr for VWRL.L.

Performance

IWDA.L vs. VWRL.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 All-World UCITS ETF Distributing (VWRL.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

IWDA.L is traded in USD, while VWRL.L is traded in GBP. To make them comparable, the VWRL.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 8.56% return, which is significantly lower than VWRL.L's 9.58% return. Both investments have delivered pretty close results over the past 10 years, with IWDA.L having a 12.87% annualized return and VWRL.L not far behind at 12.38%.

IWDA.L

1D
-1.16%
1M
1.25%
YTD
8.56%
6M
9.52%
1Y
24.21%
3Y*
20.33%
5Y*
11.59%
10Y*
12.87%

VWRL.L

1D
-1.81%
1M
0.62%
YTD
9.58%
6M
10.56%
1Y
26.05%
3Y*
20.25%
5Y*
10.86%
10Y*
12.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		8.56%21.03%19.11%24.27%-18.11%22.19%16.06%27.13%-9.01%22.75%
VWRL.L
Vanguard FTSE All-World UCITS ETF Distributing		9.58%22.59%17.61%21.71%-18.22%18.96%15.56%26.94%-10.10%23.98%

Correlation

The correlation between IWDA.L and VWRL.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 (10Y)
Calculated over the trailing 10-year period

0.91

Correlation (All Time)
Calculated using the full available price history since May 23, 2012

0.90

The correlation between IWDA.L and VWRL.L has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

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

Sectors
IWDA.L
VWRL.L

Technology

32.9%
29.0%

Financial Services

14.9%
16.1%

Industrials

9.7%
11.0%

Communication Services

9.3%
8.8%

Consumer Cyclical

8.8%
9.4%

Healthcare

8.6%
8.0%

Consumer Defensive

4.8%
5.0%

Energy

3.9%
4.2%

Basic Materials

2.8%
3.8%

Utilities

2.4%
2.7%

Real Estate

1.2%
1.9%

Technology

IWDA.L
32.9%
VWRL.L
29.0%

Financial Services

IWDA.L
14.9%
VWRL.L
16.1%

Industrials

IWDA.L
9.7%
VWRL.L
11.0%

Communication Services

IWDA.L
9.3%
VWRL.L
8.8%

Consumer Cyclical

IWDA.L
8.8%
VWRL.L
9.4%

Healthcare

IWDA.L
8.6%
VWRL.L
8.0%

Consumer Defensive

IWDA.L
4.8%
VWRL.L
5.0%

Energy

IWDA.L
3.9%
VWRL.L
4.2%

Basic Materials

IWDA.L
2.8%
VWRL.L
3.8%

Utilities

IWDA.L
2.4%
VWRL.L
2.7%

Real Estate

IWDA.L
1.2%
VWRL.L
1.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Core MSCI World UCITS ETF USD (Acc)

Vanguard FTSE All-World UCITS ETF Distributing

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 VWRL.L:
VWRL.L vs. ACWIVWRL.L vs. VHYL.ASVWRL.L vs. VHVG.LVWRL.L vs. VUSA.LVWRL.L vs. VOOVWRL.L vs. VHYG.LVWRL.L vs. VEVE.L

Return for Risk

IWDA.L vs. VWRL.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: 6666
Sharpe Ratio Rank
IWDA.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IWDA.L Omega Ratio Rank: 6666
Omega Ratio Rank
IWDA.L Calmar Ratio Rank: 6363
Calmar Ratio Rank
IWDA.L Martin Ratio Rank: 7171
Martin Ratio Rank
VWRL.L
VWRL.L Risk / Return Rank: 8686
Overall Rank
VWRL.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
VWRL.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
VWRL.L Omega Ratio Rank: 8888
Omega Ratio Rank
VWRL.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
VWRL.L Martin Ratio Rank: 8484
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. VWRL.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 All-World UCITS ETF Distributing (VWRL.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.LVWRL.LDifference
Sharpe ratioReturn per unit of total volatility
2.01
2.18

-0.17

Sortino ratioReturn per unit of downside risk
3.02
3.18

-0.15

Omega ratioGain probability vs. loss probability

1.36

1.39

-0.03

Calmar ratioReturn relative to maximum drawdown

2.90

2.85

+0.05

Martin ratioReturn relative to average drawdown

12.25

12.40

-0.15

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. VWRL.L - Sharpe Ratio Comparison

The current IWDA.L Sharpe Ratio is 2.01, which is comparable to the VWRL.L Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of IWDA.L and VWRL.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.

Loading charts...

Sharpe Ratios by Period

IWDA.LVWRL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.01

2.18

-0.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.74

0.72

+0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.81

0.79

+0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

0.79

-0.08

Drawdowns

IWDA.L vs. VWRL.L - Drawdown Comparison

The maximum IWDA.L drawdown since its inception was -34.11%, roughly equal to the maximum VWRL.L drawdown of -33.11%. Use the drawdown chart below to compare losses from any high point for IWDA.L and VWRL.L.

Loading charts...

Drawdown Indicators

IWDA.LVWRL.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.11%

-33.11%

-1.00%

Max Drawdown (1Y)

Largest decline over 1 year

-8.31%

-9.11%

+0.80%

Max Drawdown (3Y)

Largest decline over 3 years

-16.94%

-16.28%

-0.66%

Max Drawdown (5Y)

Largest decline over 5 years

-25.88%

-26.74%

+0.86%

Max Drawdown (10Y)

Largest decline over 10 years

-34.11%

-33.11%

-1.00%

Current Drawdown

Current decline from peak

-1.58%

-2.59%

+1.01%

Average Drawdown

Average peak-to-trough decline

-4.41%

-4.53%

+0.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

2.10%

-0.13%

Volatility

IWDA.L vs. VWRL.L - Volatility Comparison

The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) is 3.33%, while Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) has a volatility of 3.55%. This indicates that IWDA.L experiences smaller price fluctuations and is considered to be less risky than VWRL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

IWDA.LVWRL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.33%

3.55%

-0.22%

Volatility (6M)

Calculated over the trailing 6-month period

9.27%

9.30%

-0.03%

Volatility (1Y)

Calculated over the trailing 1-year period

11.99%

11.90%

+0.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.68%

15.08%

+0.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.91%

15.56%

+0.35%

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

IWDA.L has a 0.20% expense ratio, which is higher than VWRL.L's 0.19% 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. VWRL.L - Dividend Comparison

IWDA.L has not paid dividends to shareholders, while VWRL.L's dividend yield for the trailing twelve months is around 1.25%.

PositionTTM20252024202320222021202020192018201720162015
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VWRL.L
Vanguard FTSE All-World UCITS ETF Distributing		1.25%1.39%1.49%1.72%2.03%1.45%1.58%1.95%2.22%1.90%1.95%2.00%

Frequently Asked Questions

With a correlation of 0.92, IWDA.L and VWRL.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, VWRL.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VWRL.L is cheaper with a 0.19% expense ratio, compared with 0.20% for IWDA.L.

IWDA.L tracks MSCI World Index (Net), while VWRL.L tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for IWDA.L and 0.19% for VWRL.L.

Portfolio Optimizer

Find the right allocation for IWDA.L and VWRL.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer