PCT.L vs. VWRP.L

Last updated Jun 4, 2026

PCT.L (Polar Capital Technology Trust) is a stock, while VWRP.L (Vanguard FTSE All-World UCITS ETF (USD) Accumulating) is Global Equities fund tracking the FTSE All-World Index. Over the past 5 years, PCT.L returned 26.81%/yr vs 12.47%/yr for VWRP.L. A 0.78 correlation means they provide meaningful diversification when combined.

Performance

PCT.L vs. VWRP.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Polar Capital Technology Trust (PCT.L) and Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PCT.L is traded in GBp, while VWRP.L is traded in GBP. To make them comparable, the VWRP.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, PCT.L achieves a 57.00% return, which is significantly higher than VWRP.L's 11.95% return.

PCT.L

• 1D: -0.68%
• 1M: 19.13%
• YTD: 57.00%
• 6M: 58.71%
• 1Y: 118.44%
• 3Y*: 47.94%
• 5Y*: 26.81%
• 10Y*: 28.45%

VWRP.L

• 1D: -0.44%
• 1M: 5.90%
• YTD: 11.95%
• 6M: 12.52%
• 1Y: 30.26%
• 3Y*: 18.18%
• 5Y*: 12.47%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PCT.L Polar Capital Technology Trust	57.00%	33.14%	34.30%	50.52%	-36.80%	18.35%	45.33%	10.75%
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating	11.95%	13.94%	19.60%	15.64%	-8.41%	20.00%	12.27%	1.72%

Correlation

The correlation between PCT.L and VWRP.L is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019	0.78

The correlation between PCT.L and VWRP.L has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.

Return for Risk

PCT.L vs. VWRP.L — Risk / Return Rank

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

PCT.L

PCT.L Risk / Return Rank: 98
PCT.L Sharpe Ratio Rank: 98
PCT.L Sortino Ratio Rank: 99
PCT.L Omega Ratio Rank: 98
PCT.L Calmar Ratio Rank: 98
PCT.L Martin Ratio Rank: 98

VWRP.L

VWRP.L Risk / Return Rank: 85
VWRP.L Sharpe Ratio Rank: 86
VWRP.L Sortino Ratio Rank: 86
VWRP.L Omega Ratio Rank: 88
VWRP.L Calmar Ratio Rank: 80
VWRP.L Martin Ratio Rank: 83

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.

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

This table presents a comparison of risk-adjusted performance metrics for Polar Capital Technology Trust (PCT.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.

	PCT.L	VWRP.L	Difference
Sharpe ratio: Return per unit of total volatility	5.11	2.90	+2.21
Sortino ratio: Return per unit of downside risk	5.78	3.98	+1.80
Omega ratio: Gain probability vs. loss probability	1.79	1.56	+0.23
Calmar ratio: Return relative to maximum drawdown	11.80	4.24	+7.56
Martin ratio: Return relative to average drawdown	38.47	17.26	+21.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current PCT.L Sharpe Ratio is 5.11, which is higher than the VWRP.L Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of PCT.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.

Sharpe Ratios by Period

	PCT.L	VWRP.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.11	2.90	+2.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.07	0.97	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.82	-0.30

Drawdowns

PCT.L vs. VWRP.L - Drawdown Comparison

The maximum PCT.L drawdown since its inception was -84.10%, which is greater than VWRP.L's maximum drawdown of -25.10%. Use the drawdown chart below to compare losses from any high point for PCT.L and VWRP.L.

Drawdown Indicators

	PCT.L	VWRP.L	Difference
Max Drawdown Largest peak-to-trough decline	-84.10%	-25.10%	-59.00%
Max Drawdown (1Y) Largest decline over 1 year	-9.98%	-7.10%	-2.88%
Max Drawdown (3Y) Largest decline over 3 years	-33.20%	-17.64%	-15.56%
Max Drawdown (5Y) Largest decline over 5 years	-37.89%	-17.64%	-20.25%
Max Drawdown (10Y) Largest decline over 10 years	-37.89%	—	—
Current Drawdown Current decline from peak	-0.68%	-0.44%	-0.24%
Average Drawdown Average peak-to-trough decline	-30.18%	-3.39%	-26.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	1.75%	+1.32%

Volatility

PCT.L vs. VWRP.L - Volatility Comparison

Polar Capital Technology Trust (PCT.L) has a higher volatility of 8.05% compared to Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L) at 2.95%. This indicates that PCT.L's price experiences larger fluctuations and is considered to be riskier than VWRP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PCT.L	VWRP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.05%	2.95%	+5.10%
Volatility (6M) Calculated over the trailing 6-month period	17.21%	7.68%	+9.53%
Volatility (1Y) Calculated over the trailing 1-year period	23.12%	10.40%	+12.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.13%	12.87%	+12.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.63%	14.96%	+9.67%

Dividends

PCT.L vs. VWRP.L - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

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

PCT.L and VWRP.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.