PACW.L vs. VWRL.L

Last updated Jun 4, 2026

PACW.L (Amundi Prime All Country World UCITS ETF Income) and VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) are both Global Equities funds - PACW.L tracks the Solactive GBS Global Markets Large & Mid Cap Index while VWRL.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past year, PACW.L returned 30.63% vs 30.23% for VWRL.L. With a 0.98 correlation, they move nearly in lockstep. PACW.L charges 0.07%/yr vs 0.22%/yr for VWRL.L.

Performance

PACW.L vs. VWRL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Prime All Country World UCITS ETF Income (PACW.L) and Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with PACW.L having a 11.96% return and VWRL.L slightly lower at 11.94%.

PACW.L

• 1D: -0.43%
• 1M: 5.84%
• YTD: 11.96%
• 6M: 12.58%
• 1Y: 30.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VWRL.L

• 1D: -0.43%
• 1M: 5.86%
• YTD: 11.94%
• 6M: 12.50%
• 1Y: 30.23%
• 3Y*: 18.17%
• 5Y*: 12.46%
• 10Y*: 13.64%

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

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

	2026 (YTD)	2025
PACW.L Amundi Prime All Country World UCITS ETF Income	11.96%	9.58%
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing	11.94%	9.45%

Correlation

The correlation between PACW.L and VWRL.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.98

The correlation between PACW.L and VWRL.L has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

PACW.L vs. VWRL.L — Risk / Return Rank

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

PACW.L

PACW.L Risk / Return Rank: 86
PACW.L Sharpe Ratio Rank: 87
PACW.L Sortino Ratio Rank: 87
PACW.L Omega Ratio Rank: 88
PACW.L Calmar Ratio Rank: 81
PACW.L Martin Ratio Rank: 85

VWRL.L

VWRL.L Risk / Return Rank: 85
VWRL.L Sharpe Ratio Rank: 86
VWRL.L Sortino Ratio Rank: 87
VWRL.L Omega Ratio Rank: 88
VWRL.L Calmar Ratio Rank: 80
VWRL.L Martin Ratio Rank: 84

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.

PACW.L vs. VWRL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Prime All Country World UCITS ETF Income (PACW.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.

	PACW.L	VWRL.L	Difference
Sharpe ratio: Return per unit of total volatility	2.93	2.91	+0.01
Sortino ratio: Return per unit of downside risk	3.99	4.01	-0.02
Omega ratio: Gain probability vs. loss probability	1.56	1.56	0.00
Calmar ratio: Return relative to maximum drawdown	4.32	4.25	+0.07
Martin ratio: Return relative to average drawdown	17.62	17.31	+0.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PACW.L vs. VWRL.L - Sharpe Ratio Comparison

The current PACW.L Sharpe Ratio is 2.93, which is comparable to the VWRL.L Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of PACW.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.

Sharpe Ratios by Period

	PACW.L	VWRL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.93	2.91	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.97	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	0.95	+0.29

Drawdowns

PACW.L vs. VWRL.L - Drawdown Comparison

The maximum PACW.L drawdown since its inception was -17.68%, smaller than the maximum VWRL.L drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for PACW.L and VWRL.L.

Drawdown Indicators

	PACW.L	VWRL.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.68%	-24.98%	+7.30%
Max Drawdown (1Y) Largest decline over 1 year	-7.06%	-7.08%	+0.02%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-24.98%	—
Current Drawdown Current decline from peak	-0.43%	-0.43%	0.00%
Average Drawdown Average peak-to-trough decline	-3.03%	-3.30%	+0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	1.74%	-0.01%

Volatility

PACW.L vs. VWRL.L - Volatility Comparison

Amundi Prime All Country World UCITS ETF Income (PACW.L) and Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) have volatilities of 2.93% and 2.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PACW.L	VWRL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	2.95%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	7.75%	7.64%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	10.45%	10.37%	+0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	12.86%	+1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.93%	14.25%	-0.32%

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

PACW.L has a 0.07% expense ratio, which is lower than VWRL.L's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PACW.L vs. VWRL.L - Dividend Comparison

PACW.L's dividend yield for the trailing twelve months is around 1.23%, which matches VWRL.L's 1.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PACW.L Amundi Prime All Country World UCITS ETF Income	1.23%	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	1.24%	1.39%	1.49%	1.72%	2.03%	1.45%	1.58%	1.95%	2.22%	1.90%	1.85%	2.00%

Frequently Asked Questions

Can I hold both PACW.L and VWRL.L in my portfolio?

With a correlation of 0.98, PACW.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.

Which ETF is better, PACW.L or VWRL.L?

On fees, PACW.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PACW.L or VWRL.L?

PACW.L is cheaper with a 0.07% expense ratio, compared with 0.22% for VWRL.L.

What is the main difference between PACW.L and VWRL.L?

PACW.L tracks Solactive GBS Global Markets Large & Mid Cap Index, while VWRL.L tracks MSCI ACWI NR USD. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.07% for PACW.L and 0.22% for VWRL.L.