SUWS.L vs. VRPS.L
SUWS.L (iShares MSCI World SRI UCITS ETF USD (Dist)) and VRPS.L (Invesco Variable Rate Preferred Shares UCITS ETF USD (Dist)) are both exchange-traded funds - SUWS.L is a Global Equities fund tracking the MSCI World SRI Select Reduced Fossil Fuel Net Index (USD), 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, SUWS.L returned 8.91%/yr vs 3.54%/yr for VRPS.L. A 0.53 correlation means they provide meaningful diversification when combined. SUWS.L charges 0.20%/yr vs 0.50%/yr for VRPS.L.
Performance
SUWS.L vs. VRPS.L - Performance Comparison
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Returns By Period
In the year-to-date period, SUWS.L achieves a 9.32% return, which is significantly higher than VRPS.L's 2.22% return.
SUWS.L
- 1D
- -0.35%
- 1M
- -1.63%
- 6M
- 7.40%
- YTD
- 9.32%
- 1Y
- 16.84%
- 3Y*
- 13.39%
- 5Y*
- 8.91%
- 10Y*
- —
- ALL TIME*
- 11.65%
VRPS.L
- 1D
- 0.05%
- 1M
- 0.28%
- 6M
- 1.89%
- YTD
- 2.22%
- 1Y
- 5.42%
- 3Y*
- 8.31%
- 5Y*
- 3.54%
- 10Y*
- —
- ALL TIME*
- 4.60%
SUWS.L vs. VRPS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SUWS.L iShares MSCI World SRI UCITS ETF USD (Dist) | 9.32% | 14.86% | 11.22% | 25.16% | -21.20% | 25.32% | 21.04% | 29.76% | -12.51% |
VRPS.L Invesco Variable Rate Preferred Shares UCITS ETF USD (Dist) | 2.22% | 6.33% | 10.82% | 9.27% | -9.73% | 3.63% | 4.19% | 17.74% | -6.03% |
Correlation
The correlation between SUWS.L and VRPS.L is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2018 | 0.53 |
The correlation between SUWS.L and VRPS.L shifts across timeframes, from 0.41 (3 years) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SUWS.L vs. VRPS.L — Risk / Return Rank
SUWS.L
VRPS.L
SUWS.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 USD (Dist) (SUWS.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.
| SUWS.L | VRPS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.31 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.55 | -0.80 |
| Martin ratioReturn relative to average drawdown | 6.72 | 9.41 | -2.69 |
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Drawdowns
SUWS.L vs. VRPS.L - Drawdown Comparison
The maximum SUWS.L drawdown since its inception was -31.97%, smaller than the maximum VRPS.L drawdown of -34.22%. Use the drawdown chart below to compare losses from any high point for SUWS.L and VRPS.L.
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Drawdown Indicators
| SUWS.L | VRPS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.97% | -34.22% | +2.25% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -2.11% | -7.45% |
Max Drawdown (3Y)Largest decline over 3 years | -17.81% | -3.45% | -14.36% |
Max Drawdown (5Y)Largest decline over 5 years | -29.06% | -13.90% | -15.16% |
Current DrawdownCurrent decline from peak | -2.71% | -0.26% | -2.45% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -3.22% | -2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 0.57% | +1.93% |
Volatility
SUWS.L vs. VRPS.L - Volatility Comparison
iShares MSCI World SRI UCITS ETF USD (Dist) (SUWS.L) has a higher volatility of 4.09% compared to Invesco Variable Rate Preferred Shares UCITS ETF USD (Dist) (VRPS.L) at 0.61%. This indicates that SUWS.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.
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Volatility by Period
| SUWS.L | VRPS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 0.61% | +3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 11.39% | 2.80% | +8.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.93% | 3.89% | +10.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.38% | 5.34% | +11.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 10.84% | +6.00% |
SUWS.L vs. VRPS.L - Expense Ratio Comparison
SUWS.L has a 0.20% expense ratio, which is lower than VRPS.L's 0.50% expense ratio.
Dividends
SUWS.L vs. VRPS.L - Dividend Comparison
SUWS.L's dividend yield for the trailing twelve months is around 1.21%, less than VRPS.L's 5.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SUWS.L iShares MSCI World SRI UCITS ETF USD (Dist) | 1.21% | 1.21% | 1.41% | 1.52% | 1.71% | 1.20% | 1.21% | 1.70% | 2.26% |
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
SUWS.L and VRPS.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUWS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUWS.L is cheaper with a 0.20% expense ratio, compared with 0.50% for VRPS.L.
SUWS.L is categorized as Global Equities, while VRPS.L is Preferred Stock/Convertible Bonds. SUWS.L tracks MSCI World SRI Select Reduced Fossil Fuel Net Index (USD), 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: 0.20% for SUWS.L and 0.50% for VRPS.L.
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