V3GP.L vs. VWRL.L
V3GP.L (Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing) and VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) are both exchange-traded funds - V3GP.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR Hdg GBP, while VWRL.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, V3GP.L returned 0.47%/yr vs 12.45%/yr for VWRL.L. At a 0.15 correlation, their price movements are largely independent. V3GP.L charges 0.15%/yr vs 0.19%/yr for VWRL.L.
Performance
V3GP.L vs. VWRL.L - Performance Comparison
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Returns By Period
In the year-to-date period, V3GP.L achieves a 0.59% return, which is significantly lower than VWRL.L's 11.87% return.
V3GP.L
- 1D
- 0.23%
- 1M
- 0.75%
- YTD
- 0.59%
- 6M
- 0.77%
- 1Y
- 4.36%
- 3Y*
- 5.34%
- 5Y*
- 0.47%
- 10Y*
- —
VWRL.L
- 1D
- -0.06%
- 1M
- 5.33%
- YTD
- 11.87%
- 6M
- 12.31%
- 1Y
- 29.86%
- 3Y*
- 17.97%
- 5Y*
- 12.45%
- 10Y*
- 13.48%
V3GP.L vs. VWRL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing | 0.59% | 6.20% | 3.56% | 7.64% | -14.57% | 1.05% |
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing | 11.87% | 13.99% | 19.59% | 15.61% | -8.44% | 12.41% |
Correlation
The correlation between V3GP.L and VWRL.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.15 |
Over the past year, V3GP.L and VWRL.L have become more correlated (0.39) than their long-term average of 0.15, meaning their price movements have been converging.
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Return for Risk
V3GP.L vs. VWRL.L — Risk / Return Rank
V3GP.L
VWRL.L
V3GP.L vs. VWRL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.L) and Vanguard FTSE All-World UCITS ETF Distributing (VWRL.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.
| V3GP.L | VWRL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.55 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 4.20 | -2.57 |
| Martin ratioReturn relative to average drawdown | 5.57 | 17.09 | -11.53 |
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
| V3GP.L | VWRL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 2.88 | -1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.97 | -0.88 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.94 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.95 | -0.85 |
Drawdowns
V3GP.L vs. VWRL.L - Drawdown Comparison
The maximum V3GP.L drawdown since its inception was -20.15%, smaller than the maximum VWRL.L drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for V3GP.L and VWRL.L.
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Drawdown Indicators
| V3GP.L | VWRL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.15% | -24.98% | +4.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -7.08% | +4.41% |
Max Drawdown (3Y)Largest decline over 3 years | -3.83% | -17.48% | +13.65% |
Max Drawdown (5Y)Largest decline over 5 years | -20.15% | -17.48% | -2.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.98% | — |
Current DrawdownCurrent decline from peak | -0.64% | -0.48% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -7.78% | -3.30% | -4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 1.74% | -0.96% |
Volatility
V3GP.L vs. VWRL.L - Volatility Comparison
The current volatility for Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing (V3GP.L) is 1.43%, while Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) has a volatility of 2.97%. This indicates that V3GP.L experiences smaller price fluctuations and is considered to be less risky than VWRL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| V3GP.L | VWRL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | 2.97% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 7.64% | -4.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.60% | 10.34% | -6.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.42% | 12.86% | -7.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.42% | 14.25% | -8.83% |
V3GP.L vs. VWRL.L - Expense Ratio Comparison
V3GP.L has a 0.15% expense ratio, which is lower than VWRL.L's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
V3GP.L vs. VWRL.L - Dividend Comparison
V3GP.L's dividend yield for the trailing twelve months is around 4.37%, more than VWRL.L's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
V3GP.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Distributing | 4.37% | 4.43% | 4.36% | 4.10% | 2.48% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing | 1.24% | 1.39% | 1.49% | 1.72% | 2.03% | 1.45% | 1.58% | 1.95% | 2.22% | 1.90% | 1.85% | 2.00% |
Frequently Asked Questions
V3GP.L and VWRL.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3GP.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3GP.L is cheaper with a 0.15% expense ratio, compared with 0.19% for VWRL.L.
V3GP.L is categorized as Global Corporate Bonds, while VWRL.L is Global Equities. V3GP.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP, while VWRL.L tracks FTSE All-World Index. Their fees differ too: 0.15% for V3GP.L and 0.19% for VWRL.L.
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