PAWS.L vs. WRDA.L
PAWS.L (Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc) and WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) are both Global Equities funds - PAWS.L tracks the MSCI ACWI NR USD while WRDA.L tracks the MSCI World Index. Both are passively managed. Over the past year, PAWS.L returned 14.12% vs 23.11% for WRDA.L. Their correlation of 0.92 suggests significant overlap in exposure. PAWS.L charges 0.19%/yr vs 0.06%/yr for WRDA.L.
Performance
PAWS.L vs. WRDA.L - Performance Comparison
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Returns By Period
In the year-to-date period, PAWS.L achieves a 5.65% return, which is significantly lower than WRDA.L's 7.18% return.
PAWS.L
- 1D
- 0.02%
- 1M
- 0.91%
- YTD
- 5.65%
- 6M
- 6.18%
- 1Y
- 14.12%
- 3Y*
- 12.44%
- 5Y*
- —
- 10Y*
- —
WRDA.L
- 1D
- 0.00%
- 1M
- 0.04%
- YTD
- 7.18%
- 6M
- 7.60%
- 1Y
- 23.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAWS.L vs. WRDA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PAWS.L Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc | 5.65% | 7.39% | 13.33% |
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 7.18% | 12.77% | 20.02% |
Correlation
The correlation between PAWS.L and WRDA.L is 0.86, 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 | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.92 |
The correlation between PAWS.L and WRDA.L has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
PAWS.L vs. WRDA.L — Risk / Return Rank
PAWS.L
WRDA.L
PAWS.L vs. WRDA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc (PAWS.L) and UBS Core MSCI World UCITS ETF USD Acc (WRDA.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.
| PAWS.L | WRDA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | +197.08 | ||
| Omega ratioGain probability vs. loss probability | 87.34 | 1.40 | +85.94 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 0.84 | -0.71 |
| Martin ratioReturn relative to average drawdown | 0.51 | 1.28 | -0.76 |
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Drawdowns
PAWS.L vs. WRDA.L - Drawdown Comparison
The maximum PAWS.L drawdown since its inception was -99.03%, which is greater than WRDA.L's maximum drawdown of -27.39%. Use the drawdown chart below to compare losses from any high point for PAWS.L and WRDA.L.
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Drawdown Indicators
| PAWS.L | WRDA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.03% | -27.39% | -71.64% |
Max Drawdown (1Y)Largest decline over 1 year | -99.02% | -27.39% | -71.63% |
Max Drawdown (3Y)Largest decline over 3 years | -99.03% | — | — |
Current DrawdownCurrent decline from peak | -3.17% | -18.67% | +15.50% |
Average DrawdownAverage peak-to-trough decline | -7.66% | -7.88% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.63% | 18.11% | +8.52% |
Volatility
PAWS.L vs. WRDA.L - Volatility Comparison
Invesco MSCI World ESG Climate Paris Aligned UCITS ETF Acc (PAWS.L) has a higher volatility of 3.50% compared to UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) at 2.98%. This indicates that PAWS.L's price experiences larger fluctuations and is considered to be riskier than WRDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAWS.L | WRDA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 2.98% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 653.26% | 7.49% | +645.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 19,679.03% | 43.15% | +19,635.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9,948.20% | 29.95% | +9,918.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9,948.20% | 29.95% | +9,918.25% |
PAWS.L vs. WRDA.L - Expense Ratio Comparison
PAWS.L has a 0.19% expense ratio, which is higher than WRDA.L's 0.06% 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
PAWS.L vs. WRDA.L - Dividend Comparison
Neither PAWS.L nor WRDA.L has paid dividends to shareholders.
Frequently Asked Questions
PAWS.L and WRDA.L have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WRDA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WRDA.L is cheaper with a 0.06% expense ratio, compared with 0.19% for PAWS.L.
PAWS.L tracks MSCI ACWI NR USD, while WRDA.L tracks MSCI World Index. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.19% for PAWS.L and 0.06% for WRDA.L.
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