SGWS.L vs. VRPS.L
SGWS.L (iShares MSCI World SRI UCITS ETF GBP Hedged (Dist)) and VRPS.L (Invesco Variable Rate Preferred Shares UCITS ETF USD (Dist)) are both exchange-traded funds - SGWS.L is a Global Equities fund tracking the MSCI World SRI Select Reduced Fossil Fuel Index, while VRPS.L is a Preferred Stock/Convertible Bonds fund tracking the ICE Diversified Variable Rate Preferred & Hybrid Securities Index. Both are passively managed. Over the past 5 years, SGWS.L returned 9.69%/yr vs 3.98%/yr for VRPS.L. At a correlation of -0.01, they often move in opposite directions. SGWS.L charges 0.23%/yr vs 0.50%/yr for VRPS.L.
Performance
SGWS.L vs. VRPS.L - Performance Comparison
Loading charts...
Different Trading Currencies
SGWS.L is traded in GBP, while VRPS.L is traded in USD. To make them comparable, the VRPS.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, SGWS.L achieves a 10.87% return, which is significantly higher than VRPS.L's 2.32% return.
SGWS.L
- 1D
- -1.10%
- 1M
- -1.67%
- 6M
- 7.19%
- YTD
- 10.87%
- 1Y
- 19.03%
- 3Y*
- 14.15%
- 5Y*
- 9.69%
- 10Y*
- —
VRPS.L
- 1D
- 0.09%
- 1M
- -1.08%
- 6M
- 0.95%
- YTD
- 2.32%
- 1Y
- 5.05%
- 3Y*
- 7.33%
- 5Y*
- 3.98%
- 10Y*
- —
SGWS.L vs. VRPS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGWS.L iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) | 10.87% | 12.73% | 13.86% | 24.27% | -20.28% | 28.51% | 7.96% |
VRPS.L Invesco Variable Rate Preferred Shares UCITS ETF USD (Dist) | 2.32% | -1.25% | 12.75% | 3.81% | 1.00% | 4.61% | 0.20% |
Correlation
The correlation between SGWS.L and VRPS.L is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | -0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SGWS.L vs. VRPS.L — Risk / Return Rank
SGWS.L
VRPS.L
SGWS.L vs. VRPS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) (SGWS.L) and Invesco Variable Rate Preferred Shares UCITS ETF USD (Dist) (VRPS.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.
| SGWS.L | VRPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.13 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | 1.06 | +1.14 |
| Martin ratioReturn relative to average drawdown | 8.49 | 2.89 | +5.60 |
Loading charts...
Drawdowns
SGWS.L vs. VRPS.L - Drawdown Comparison
The maximum SGWS.L drawdown since its inception was -25.65%, smaller than the maximum VRPS.L drawdown of -27.14%. Use the drawdown chart below to compare losses from any high point for SGWS.L and VRPS.L.
Loading charts...
Drawdown Indicators
| SGWS.L | VRPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.65% | -27.14% | +1.49% |
Max Drawdown (1Y)Largest decline over 1 year | -8.63% | -4.75% | -3.88% |
Max Drawdown (3Y)Largest decline over 3 years | -17.92% | -9.37% | -8.55% |
Max Drawdown (5Y)Largest decline over 5 years | -25.65% | -15.84% | -9.81% |
Current DrawdownCurrent decline from peak | -2.39% | -2.17% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -4.63% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 1.74% | +0.49% |
Volatility
SGWS.L vs. VRPS.L - Volatility Comparison
iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) (SGWS.L) has a higher volatility of 4.16% compared to Invesco Variable Rate Preferred Shares UCITS ETF USD (Dist) (VRPS.L) at 1.77%. This indicates that SGWS.L's price experiences larger fluctuations and is considered to be riskier than VRPS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SGWS.L | VRPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.16% | 1.77% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 10.88% | 5.23% | +5.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.40% | 6.86% | +6.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.49% | 8.74% | +6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.20% | 12.29% | +2.91% |
SGWS.L vs. VRPS.L - Expense Ratio Comparison
SGWS.L has a 0.23% expense ratio, which is lower than VRPS.L's 0.50% expense ratio.
Dividends
SGWS.L vs. VRPS.L - Dividend Comparison
SGWS.L's dividend yield for the trailing twelve months is around 1.17%, less than VRPS.L's 5.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SGWS.L iShares MSCI World SRI UCITS ETF GBP Hedged (Dist) | 1.17% | 1.16% | 1.36% | 1.47% | 1.75% | 1.16% | 0.10% | 0.00% | 0.00% |
VRPS.L Invesco Variable Rate Preferred Shares UCITS ETF USD (Dist) | 5.14% | 4.99% | 4.98% | 4.97% | 4.60% | 3.72% | 3.97% | 4.33% | 0.70% |
Frequently Asked Questions
SGWS.L and VRPS.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGWS.L is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGWS.L is cheaper with a 0.23% expense ratio, compared with 0.50% for VRPS.L.
SGWS.L is categorized as Global Equities, while VRPS.L is Preferred Stock/Convertible Bonds. SGWS.L tracks MSCI World SRI Select Reduced Fossil Fuel Index, while VRPS.L tracks ICE Diversified Variable Rate Preferred & Hybrid Securities Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.23% for SGWS.L and 0.50% for VRPS.L.
Find the right allocation for SGWS.L and VRPS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer