MIST.L vs. VWRP.L

Last updated Jul 18, 2026

MIST.L (PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc)) and VWRP.L (Vanguard FTSE All-World UCITS ETF (USD) Accumulating) are both exchange-traded funds - MIST.L is a Ultrashort Bond fund actively managed by PIMCO, while VWRP.L is a Global Equities fund tracking the FTSE All-World Index. MIST.L is actively managed, while VWRP.L is passively managed. Over the past 5 years, MIST.L returned 3.14%/yr vs 11.25%/yr for VWRP.L. At a 0.02 correlation, their price movements are largely independent. MIST.L charges 0.40%/yr vs 0.22%/yr for VWRP.L.

Performance

MIST.L vs. VWRP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc) (MIST.L) and Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MIST.L achieves a 2.23% return, which is significantly lower than VWRP.L's 9.77% return.

MIST.L

• 1D: 0.00%
• 1M: 0.32%
• 6M: 2.04%
• YTD: 2.23%
• 1Y: 4.34%
• 3Y*: 5.04%
• 5Y*: 3.14%
• 10Y*: —

VWRP.L

• 1D: -0.98%
• 1M: -2.39%
• 6M: 7.10%
• YTD: 9.77%
• 1Y: 20.94%
• 3Y*: 17.19%
• 5Y*: 11.25%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MIST.L vs. VWRP.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MIST.L PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc)	2.23%	4.61%	5.53%	5.01%	-1.12%	-0.36%	0.63%	0.28%
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating	9.77%	13.94%	19.60%	15.64%	-8.41%	20.00%	12.27%	2.14%

Correlation

The correlation between MIST.L and VWRP.L is 0.01, 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	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (All Time) Calculated using the full available price history since Sep 25, 2019	0.02

Return for Risk

MIST.L vs. VWRP.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MIST.L

MIST.L Risk / Return Rank: 100
MIST.L Sharpe Ratio Rank: 100
MIST.L Sortino Ratio Rank: 100
MIST.L Omega Ratio Rank: 99
MIST.L Calmar Ratio Rank: 100
MIST.L Martin Ratio Rank: 100

VWRP.L

VWRP.L Risk / Return Rank: 75
VWRP.L Sharpe Ratio Rank: 75
VWRP.L Sortino Ratio Rank: 74
VWRP.L Omega Ratio Rank: 76
VWRP.L Calmar Ratio Rank: 72
VWRP.L Martin Ratio Rank: 77

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.

MIST.L vs. VWRP.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc) (MIST.L) and Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.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.

	MIST.L	VWRP.L	Difference
Sharpe ratio: Return per unit of total volatility	11.58	1.92	+9.66
Sortino ratio: Return per unit of downside risk	35.35	2.69	+32.66
Omega ratio: Gain probability vs. loss probability	7.17	1.36	+5.81
Calmar ratio: Return relative to maximum drawdown	101.64	2.94	+98.70
Martin ratio: Return relative to average drawdown	493.90	11.30	+482.60

MIST.L vs. VWRP.L - Sharpe Ratio Comparison

The current MIST.L Sharpe Ratio is 11.58, which is higher than the VWRP.L Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of MIST.L and VWRP.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.

Drawdowns

MIST.L vs. VWRP.L - Drawdown Comparison

The maximum MIST.L drawdown since its inception was -3.70%, smaller than the maximum VWRP.L drawdown of -25.10%. Use the drawdown chart below to compare losses from any high point for MIST.L and VWRP.L.

Drawdown Indicators

	MIST.L	VWRP.L	Difference
Max Drawdown Largest peak-to-trough decline	-3.70%	-25.10%	+21.40%
Max Drawdown (1Y) Largest decline over 1 year	-0.04%	-7.10%	+7.06%
Max Drawdown (3Y) Largest decline over 3 years	-0.20%	-17.64%	+17.44%
Max Drawdown (5Y) Largest decline over 5 years	-2.45%	-17.64%	+15.19%
Current Drawdown Current decline from peak	0.00%	-3.11%	+3.11%
Average Drawdown Average peak-to-trough decline	-0.38%	-3.35%	+2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	1.85%	-1.84%

Volatility

MIST.L vs. VWRP.L - Volatility Comparison

The current volatility for PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc) (MIST.L) is 0.10%, while Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L) has a volatility of 3.04%. This indicates that MIST.L experiences smaller price fluctuations and is considered to be less risky than VWRP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIST.L	VWRP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.10%	3.04%	-2.94%
Volatility (6M) Calculated over the trailing 6-month period	0.28%	8.47%	-8.19%
Volatility (1Y) Calculated over the trailing 1-year period	0.38%	10.93%	-10.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.58%	12.97%	-12.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.98%	14.91%	-13.93%

MIST.L vs. VWRP.L - Expense Ratio Comparison

MIST.L has a 0.40% expense ratio, which is higher than VWRP.L's 0.22% expense ratio.

Dividends

MIST.L vs. VWRP.L - Dividend Comparison

Neither MIST.L nor VWRP.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MIST.L and VWRP.L in my portfolio?

MIST.L and VWRP.L have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MIST.L or VWRP.L?

On fees, VWRP.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MIST.L or VWRP.L?

VWRP.L is cheaper with a 0.22% expense ratio, compared with 0.40% for MIST.L.

What is the main difference between MIST.L and VWRP.L?

MIST.L is categorized as Ultrashort Bond, while VWRP.L is Global Equities. They also come from different issuers: PIMCO and Vanguard. Their fees differ too: 0.40% for MIST.L and 0.22% for VWRP.L.