IWDG.L vs. VRPS.L
IWDG.L (iShares Core MSCI World UCITS ETF) and VRPS.L (Invesco Variable Rate Preferred Shares UCITS ETF) are both Global Equities funds - IWDG.L tracks the MSCI World Index while VRPS.L tracks the Invesco Variable Rate Preferred Shares UCITS ETF. Both are passively managed. Over the past 5 years, IWDG.L returned 11.85%/yr vs 3.96%/yr for VRPS.L. At a 0.06 correlation, their price movements are largely independent. IWDG.L charges 0.30%/yr vs 0.50%/yr for VRPS.L.
Performance
IWDG.L vs. VRPS.L - Performance Comparison
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Different Trading Currencies
IWDG.L is traded in GBp, while VRPS.L is traded in USD. To make them comparable, the VRPS.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWDG.L achieves a 10.68% return, which is significantly higher than VRPS.L's 2.21% return.
IWDG.L
- 1D
- -0.04%
- 1M
- 0.48%
- 6M
- 8.40%
- YTD
- 10.68%
- 1Y
- 23.67%
- 3Y*
- 19.20%
- 5Y*
- 11.85%
- 10Y*
- —
VRPS.L
- 1D
- 0.48%
- 1M
- -0.19%
- 6M
- 0.92%
- YTD
- 2.21%
- 1Y
- 4.95%
- 3Y*
- 7.37%
- 5Y*
- 3.96%
- 10Y*
- —
IWDG.L vs. VRPS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IWDG.L iShares Core MSCI World UCITS ETF | 10.68% | 18.71% | 21.37% | 23.13% | -17.43% | 24.30% | 11.80% | 24.91% | -13.33% |
VRPS.L Invesco Variable Rate Preferred Shares UCITS ETF | 2.21% | -1.25% | 12.75% | 3.81% | 1.00% | 4.61% | 1.13% | 13.26% | -4.61% |
Correlation
The correlation between IWDG.L and VRPS.L is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2018 | 0.06 |
The correlation between IWDG.L and VRPS.L shifts across timeframes, from -0.05 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IWDG.L vs. VRPS.L — Risk / Return Rank
IWDG.L
VRPS.L
IWDG.L vs. VRPS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF (IWDG.L) and Invesco Variable Rate Preferred Shares UCITS ETF (VRPS.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.
| IWDG.L | VRPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.13 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 1.04 | +2.05 |
| Martin ratioReturn relative to average drawdown | 12.99 | 2.84 | +10.15 |
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Drawdowns
IWDG.L vs. VRPS.L - Drawdown Comparison
The maximum IWDG.L drawdown since its inception was -34.20%, which is greater than VRPS.L's maximum drawdown of -27.14%. Use the drawdown chart below to compare losses from any high point for IWDG.L and VRPS.L.
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Drawdown Indicators
| IWDG.L | VRPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.20% | -27.14% | -7.06% |
Max Drawdown (1Y)Largest decline over 1 year | -7.64% | -4.75% | -2.89% |
Max Drawdown (3Y)Largest decline over 3 years | -17.57% | -9.37% | -8.20% |
Max Drawdown (5Y)Largest decline over 5 years | -22.82% | -15.84% | -6.98% |
Current DrawdownCurrent decline from peak | -0.04% | -2.27% | +2.23% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -4.63% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 1.74% | +0.08% |
Volatility
IWDG.L vs. VRPS.L - Volatility Comparison
iShares Core MSCI World UCITS ETF (IWDG.L) has a higher volatility of 2.59% compared to Invesco Variable Rate Preferred Shares UCITS ETF (VRPS.L) at 1.96%. This indicates that IWDG.L's price experiences larger fluctuations and is considered to be riskier than VRPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWDG.L | VRPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 1.96% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 9.17% | 5.23% | +3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.80% | 6.86% | +4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 8.75% | +6.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.89% | 12.29% | +3.60% |
IWDG.L vs. VRPS.L - Expense Ratio Comparison
IWDG.L has a 0.30% expense ratio, which is lower than VRPS.L's 0.50% expense ratio.
Dividends
IWDG.L vs. VRPS.L - Dividend Comparison
IWDG.L's dividend yield for the trailing twelve months is around 1.39%, less than VRPS.L's 5.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IWDG.L iShares Core MSCI World UCITS ETF | 1.39% | 1.11% | 1.24% | 1.42% | 1.74% | 1.19% | 1.35% | 1.83% | 2.14% | 0.61% |
VRPS.L Invesco Variable Rate Preferred Shares UCITS ETF | 5.13% | 4.99% | 4.98% | 4.97% | 4.60% | 3.72% | 3.97% | 4.33% | 0.70% | 0.00% |
Frequently Asked Questions
IWDG.L and VRPS.L have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDG.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDG.L is cheaper with a 0.30% expense ratio, compared with 0.50% for VRPS.L.
IWDG.L tracks MSCI World Index, while VRPS.L tracks Invesco Variable Rate Preferred Shares UCITS ETF. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.30% for IWDG.L and 0.50% for VRPS.L.
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