V3GU.L vs. VWRA.L

Last updated Jun 5, 2026

V3GU.L (Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating) and VWRA.L (Vanguard FTSE All-World UCITS ETF USD Accumulating) are both exchange-traded funds - V3GU.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp 0901 TR Hdg USD, while VWRA.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 3 years, V3GU.L returned 5.68%/yr vs 21.09%/yr for VWRA.L. At a 0.31 correlation, their price movements are largely independent. V3GU.L charges 0.15%/yr vs 0.22%/yr for VWRA.L.

Performance

V3GU.L vs. VWRA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating (V3GU.L) and Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, V3GU.L achieves a 0.61% return, which is significantly lower than VWRA.L's 11.59% return.

V3GU.L

• 1D: 0.21%
• 1M: 0.76%
• YTD: 0.61%
• 6M: 0.82%
• 1Y: 4.54%
• 3Y*: 5.68%
• 5Y*: —
• 10Y*: —

VWRA.L

• 1D: -0.08%
• 1M: 4.27%
• YTD: 11.59%
• 6M: 13.04%
• 1Y: 28.67%
• 3Y*: 21.09%
• 5Y*: 11.25%
• 10Y*: —

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

V3GU.L vs. VWRA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
V3GU.L Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating	0.61%	6.28%	3.97%	8.61%	-13.25%	-0.93%
VWRA.L Vanguard FTSE All-World UCITS ETF USD Accumulating	11.59%	22.45%	17.65%	22.28%	-18.11%	2.96%

Correlation

The correlation between V3GU.L and VWRA.L is 0.52, 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	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (All Time) Calculated using the full available price history since Aug 16, 2021	0.31

Over the past year, V3GU.L and VWRA.L have become more correlated (0.52) than their long-term average of 0.31, meaning their price movements have been converging.

Return for Risk

V3GU.L vs. VWRA.L — Risk / Return Rank

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

V3GU.L

V3GU.L Risk / Return Rank: 35
V3GU.L Sharpe Ratio Rank: 33
V3GU.L Sortino Ratio Rank: 34
V3GU.L Omega Ratio Rank: 33
V3GU.L Calmar Ratio Rank: 35
V3GU.L Martin Ratio Rank: 38

VWRA.L

VWRA.L Risk / Return Rank: 72
VWRA.L Sharpe Ratio Rank: 72
VWRA.L Sortino Ratio Rank: 77
VWRA.L Omega Ratio Rank: 72
VWRA.L Calmar Ratio Rank: 66
VWRA.L Martin Ratio Rank: 74

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.

V3GU.L vs. VWRA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating (V3GU.L) and Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.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.

	V3GU.L	VWRA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.19	2.31	-1.12
Sortino ratio: Return per unit of downside risk	1.77	3.42	-1.65
Omega ratio: Gain probability vs. loss probability	1.21	1.43	-0.21
Calmar ratio: Return relative to maximum drawdown	1.68	3.25	-1.57
Martin ratio: Return relative to average drawdown	5.86	13.63	-7.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

V3GU.L vs. VWRA.L - Sharpe Ratio Comparison

The current V3GU.L Sharpe Ratio is 1.19, which is lower than the VWRA.L Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of V3GU.L and VWRA.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

	V3GU.L	VWRA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	2.31	-1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.78	-0.64

Drawdowns

V3GU.L vs. VWRA.L - Drawdown Comparison

The maximum V3GU.L drawdown since its inception was -18.89%, smaller than the maximum VWRA.L drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for V3GU.L and VWRA.L.

Drawdown Indicators

	V3GU.L	VWRA.L	Difference
Max Drawdown Largest peak-to-trough decline	-18.89%	-33.62%	+14.73%
Max Drawdown (1Y) Largest decline over 1 year	-2.69%	-8.78%	+6.09%
Max Drawdown (3Y) Largest decline over 3 years	-3.67%	-16.26%	+12.59%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.06%	—
Current Drawdown Current decline from peak	-0.58%	-0.75%	+0.17%
Average Drawdown Average peak-to-trough decline	-6.79%	-5.39%	-1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	2.10%	-1.33%

Volatility

V3GU.L vs. VWRA.L - Volatility Comparison

The current volatility for Vanguard ESG Global Corporate Bond UCITS ETF USD Hedged Accumulating (V3GU.L) is 1.45%, while Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) has a volatility of 3.87%. This indicates that V3GU.L experiences smaller price fluctuations and is considered to be less risky than VWRA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	V3GU.L	VWRA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.45%	3.87%	-2.42%
Volatility (6M) Calculated over the trailing 6-month period	2.97%	9.78%	-6.81%
Volatility (1Y) Calculated over the trailing 1-year period	3.80%	12.36%	-8.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.13%	15.36%	-9.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.13%	17.28%	-11.15%

V3GU.L vs. VWRA.L - Expense Ratio Comparison

V3GU.L has a 0.15% expense ratio, which is lower than VWRA.L's 0.22% 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

V3GU.L vs. VWRA.L - Dividend Comparison

Neither V3GU.L nor VWRA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both V3GU.L and VWRA.L in my portfolio?

V3GU.L and VWRA.L have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, V3GU.L or VWRA.L?

On fees, V3GU.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, V3GU.L or VWRA.L?

V3GU.L is cheaper with a 0.15% expense ratio, compared with 0.22% for VWRA.L.

What is the main difference between V3GU.L and VWRA.L?

V3GU.L is categorized as Global Corporate Bonds, while VWRA.L is Global Equities. V3GU.L tracks Bloomberg Gbl Agg Corp 0901 TR Hdg USD, while VWRA.L tracks FTSE All-World Index. Their fees differ too: 0.15% for V3GU.L and 0.22% for VWRA.L.