TNOW.L vs. VWRL.AS
TNOW.L (Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD)) and VWRL.AS (Vanguard FTSE All-World UCITS ETF (USD) Distributing) are both exchange-traded funds - TNOW.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD, while VWRL.AS is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 10 years, TNOW.L returned 24.35%/yr vs 12.72%/yr for VWRL.AS. A 0.78 correlation means they provide meaningful diversification when combined. TNOW.L charges 0.30%/yr vs 0.19%/yr for VWRL.AS.
Performance
TNOW.L vs. VWRL.AS - Performance Comparison
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Different Trading Currencies
TNOW.L is traded in USD, while VWRL.AS is traded in EUR. To make them comparable, the VWRL.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TNOW.L achieves a 26.74% return, which is significantly higher than VWRL.AS's 11.75% return. Over the past 10 years, TNOW.L has outperformed VWRL.AS with an annualized return of 24.35%, while VWRL.AS has yielded a comparatively lower 12.72% annualized return.
TNOW.L
- 1D
- -0.61%
- 1M
- 17.43%
- YTD
- 26.74%
- 6M
- 26.38%
- 1Y
- 55.01%
- 3Y*
- 33.44%
- 5Y*
- 21.51%
- 10Y*
- 24.35%
VWRL.AS
- 1D
- -0.68%
- 1M
- 5.41%
- YTD
- 11.75%
- 6M
- 13.24%
- 1Y
- 29.51%
- 3Y*
- 21.22%
- 5Y*
- 11.27%
- 10Y*
- 12.72%
TNOW.L vs. VWRL.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TNOW.L Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) | 26.74% | 21.66% | 34.01% | 54.23% | -31.79% | 29.94% | 43.80% | 46.26% | -3.48% | 37.54% |
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing | 11.75% | 22.96% | 17.81% | 21.80% | -18.84% | 19.77% | 15.72% | 25.27% | -9.12% | 24.36% |
Correlation
The correlation between TNOW.L and VWRL.AS is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2013 | 0.78 |
The correlation between TNOW.L and VWRL.AS has been stable across timeframes, ranging from 0.74 to 0.79 - a consistent structural relationship.
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Return for Risk
TNOW.L vs. VWRL.AS — Risk / Return Rank
TNOW.L
VWRL.AS
TNOW.L vs. VWRL.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L) and Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS). 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.
| TNOW.L | VWRL.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.44 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.21 | 3.27 | -0.06 |
| Martin ratioReturn relative to average drawdown | 9.55 | 14.11 | -4.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TNOW.L | VWRL.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.67 | 2.43 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.73 | +0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.12 | 0.80 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | 0.70 | +0.35 |
Drawdowns
TNOW.L vs. VWRL.AS - Drawdown Comparison
The maximum TNOW.L drawdown since its inception was -36.17%, which is greater than VWRL.AS's maximum drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for TNOW.L and VWRL.AS.
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Drawdown Indicators
| TNOW.L | VWRL.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.17% | -33.75% | -2.42% |
Max Drawdown (1Y)Largest decline over 1 year | -17.03% | -8.89% | -8.14% |
Max Drawdown (3Y)Largest decline over 3 years | -26.15% | -17.19% | -8.96% |
Max Drawdown (5Y)Largest decline over 5 years | -36.17% | -26.23% | -9.94% |
Max Drawdown (10Y)Largest decline over 10 years | -36.17% | -33.75% | -2.42% |
Current DrawdownCurrent decline from peak | -0.61% | -0.68% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -4.79% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.74% | 2.08% | +3.66% |
Volatility
TNOW.L vs. VWRL.AS - Volatility Comparison
Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L) has a higher volatility of 7.27% compared to Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS) at 3.79%. This indicates that TNOW.L's price experiences larger fluctuations and is considered to be riskier than VWRL.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TNOW.L | VWRL.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 3.79% | +3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 15.66% | 9.18% | +6.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.54% | 11.98% | +8.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.56% | 15.24% | +8.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.74% | 15.70% | +6.04% |
TNOW.L vs. VWRL.AS - Expense Ratio Comparison
TNOW.L has a 0.30% expense ratio, which is higher than VWRL.AS's 0.19% expense ratio.
Dividends
TNOW.L vs. VWRL.AS - Dividend Comparison
TNOW.L has not paid dividends to shareholders, while VWRL.AS's dividend yield for the trailing twelve months is around 1.24%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TNOW.L Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing | 1.24% | 1.42% | 1.47% | 1.74% | 2.10% | 1.43% | 1.56% | 1.89% | 2.24% | 1.93% | 1.95% | 2.03% |
Frequently Asked Questions
TNOW.L and VWRL.AS have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWRL.AS is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWRL.AS is cheaper with a 0.19% expense ratio, compared with 0.30% for TNOW.L.
TNOW.L is categorized as Technology Equities, while VWRL.AS is Global Equities. TNOW.L tracks MSCI World/Information Tech NR USD, while VWRL.AS tracks FTSE All-World Index. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.30% for TNOW.L and 0.19% for VWRL.AS.
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