IWRD.L vs. VGWD.DE
IWRD.L (iShares MSCI World UCITS) and VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both Global Equities funds - IWRD.L tracks the MSCI ACWI NR USD while VGWD.DE tracks the FTSE All-World High Dividend Yield index. Both are passively managed. Over the past 5 years, IWRD.L returned 12.72%/yr vs 11.65%/yr for VGWD.DE. A 0.80 correlation means they provide meaningful diversification when combined. IWRD.L charges 0.50%/yr vs 0.29%/yr for VGWD.DE.
Performance
IWRD.L vs. VGWD.DE - Performance Comparison
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Different Trading Currencies
IWRD.L is traded in GBp, while VGWD.DE is traded in EUR. To make them comparable, the VGWD.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, IWRD.L achieves a 9.97% return, which is significantly lower than VGWD.DE's 11.60% return.
IWRD.L
- 1D
- 0.10%
- 1M
- 3.66%
- YTD
- 9.97%
- 6M
- 9.71%
- 1Y
- 26.73%
- 3Y*
- 17.32%
- 5Y*
- 12.72%
- 10Y*
- 13.59%
VGWD.DE
- 1D
- 0.32%
- 1M
- 3.58%
- YTD
- 11.60%
- 6M
- 13.04%
- 1Y
- 28.38%
- 3Y*
- 16.04%
- 5Y*
- 11.65%
- 10Y*
- —
IWRD.L vs. VGWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWRD.L iShares MSCI World UCITS | 9.97% | 12.34% | 20.62% | 17.33% | -8.62% | 23.21% | 11.80% | 22.77% | -4.02% | 1.95% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 11.55% | 19.05% | 10.70% | 5.15% | 5.56% | 18.87% | -4.50% | 18.53% | -6.73% | 1.54% |
Correlation
The correlation between IWRD.L and VGWD.DE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.80 |
The correlation between IWRD.L and VGWD.DE has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.
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Return for Risk
IWRD.L vs. VGWD.DE — Risk / Return Rank
IWRD.L
VGWD.DE
IWRD.L vs. VGWD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World UCITS (IWRD.L) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE). 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.
| IWRD.L | VGWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.59 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 4.13 | -0.06 |
| Martin ratioReturn relative to average drawdown | 16.12 | 15.27 | +0.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IWRD.L | VGWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 3.17 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 1.03 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.64 | -0.08 |
Drawdowns
IWRD.L vs. VGWD.DE - Drawdown Comparison
The maximum IWRD.L drawdown since its inception was -38.28%, which is greater than VGWD.DE's maximum drawdown of -28.62%. Use the drawdown chart below to compare losses from any high point for IWRD.L and VGWD.DE.
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Drawdown Indicators
| IWRD.L | VGWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.28% | -28.62% | -9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -6.83% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -18.93% | -14.04% | -4.89% |
Max Drawdown (5Y)Largest decline over 5 years | -18.93% | -14.04% | -4.89% |
Max Drawdown (10Y)Largest decline over 10 years | -25.30% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | 0.00% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -4.92% | -3.55% | -1.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | 1.85% | -0.19% |
Volatility
IWRD.L vs. VGWD.DE - Volatility Comparison
iShares MSCI World UCITS (IWRD.L) has a higher volatility of 2.55% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) at 2.34%. This indicates that IWRD.L's price experiences larger fluctuations and is considered to be riskier than VGWD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWRD.L | VGWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 2.34% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 7.30% | 7.03% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.28% | 8.90% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.27% | 11.17% | +2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.50% | 13.82% | +0.68% |
IWRD.L vs. VGWD.DE - Expense Ratio Comparison
IWRD.L has a 0.50% expense ratio, which is higher than VGWD.DE's 0.29% expense ratio.
Dividends
IWRD.L vs. VGWD.DE - Dividend Comparison
IWRD.L's dividend yield for the trailing twelve months is around 0.85%, less than VGWD.DE's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWRD.L iShares MSCI World UCITS | 0.85% | 0.93% | 1.06% | 1.31% | 1.44% | 1.03% | 1.21% | 1.66% | 1.81% | 1.64% | 1.61% | 1.78% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.49% | 2.84% | 3.05% | 3.39% | 3.78% | 3.03% | 3.08% | 3.21% | 3.70% | 0.58% | 0.00% | 0.00% |
Frequently Asked Questions
IWRD.L and VGWD.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGWD.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGWD.DE is cheaper with a 0.29% expense ratio, compared with 0.50% for IWRD.L.
IWRD.L tracks MSCI ACWI NR USD, while VGWD.DE tracks FTSE All-World High Dividend Yield index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.50% for IWRD.L and 0.29% for VGWD.DE.
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