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VAGU.L vs. VWRD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VAGU.L vs. VWRD.L

Last updated Jun 5, 2026

VAGU.L (Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating) and VWRD.L (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - VAGU.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg USD, while VWRD.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, VAGU.L returned 0.31%/yr vs 11.25%/yr for VWRD.L. At a 0.09 correlation, their price movements are largely independent. VAGU.L charges 0.10%/yr vs 0.22%/yr for VWRD.L.

Performance

VAGU.L vs. VWRD.L - Performance Comparison

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

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Returns By Period

In the year-to-date period, VAGU.L achieves a 0.41% return, which is significantly lower than VWRD.L's 11.63% return.

VAGU.L

1D
0.20%
1M
0.00%
YTD
0.41%
6M
0.76%
1Y
3.68%
3Y*
4.10%
5Y*
0.31%
10Y*
—

VWRD.L

1D
-0.10%
1M
2.47%
YTD
11.63%
6M
12.71%
1Y
28.23%
3Y*
21.10%
5Y*
11.25%
10Y*
12.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VAGU.L vs. VWRD.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VAGU.L
Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating		0.41%4.94%2.73%6.90%-12.61%-2.00%5.90%2.39%
VWRD.L
Vanguard FTSE All-World UCITS ETF		11.63%22.38%17.65%22.31%-18.19%18.52%16.13%8.80%

Correlation

The correlation between VAGU.L and VWRD.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.37

Correlation (3Y)
Calculated over the trailing 3-year period

0.24

Correlation (5Y)
Calculated over the trailing 5-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Jun 21, 2019

0.09

Over the past year, VAGU.L and VWRD.L have become more correlated (0.37) than their long-term average of 0.09, meaning their price movements have been converging.

VAGU.L vs. VWRD.L - Sectors Allocation Comparison

Sectors
VAGU.L
VWRD.L

Financial Services

100.0%
16.1%

Basic Materials

-

3.6%

Communication Services

-

8.9%

Consumer Cyclical

-

9.1%

Consumer Defensive

-

4.9%

Energy

-

4.3%

Healthcare

-

8.1%

Industrials

-

10.2%

Real Estate

-

1.6%

Technology

-

30.2%

Utilities

-

2.9%

Financial Services

VAGU.L
100.0%
VWRD.L
16.1%

Basic Materials

VAGU.L

-

VWRD.L
3.6%

Communication Services

VAGU.L

-

VWRD.L
8.9%

Consumer Cyclical

VAGU.L

-

VWRD.L
9.1%

Consumer Defensive

VAGU.L

-

VWRD.L
4.9%

Energy

VAGU.L

-

VWRD.L
4.3%

Healthcare

VAGU.L

-

VWRD.L
8.1%

Industrials

VAGU.L

-

VWRD.L
10.2%

Real Estate

VAGU.L

-

VWRD.L
1.6%

Technology

VAGU.L

-

VWRD.L
30.2%

Utilities

VAGU.L

-

VWRD.L
2.9%

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Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating

Vanguard FTSE All-World UCITS ETF

Often compared with VAGU.L:
VAGU.L vs. AGGU.LVAGU.L vs. VWRA.LVAGU.L vs. IGLA.LVAGU.L vs. BNDWVAGU.L vs. IB01.LVAGU.L vs. GAAA.LVAGU.L vs. VUTA.L
Often compared with VWRD.L:
VWRD.L vs. VWRP.LVWRD.L vs. IWDA.LVWRD.L vs. VOOVWRD.L vs. JEPQVWRD.L vs. JEPG.LVWRD.L vs. EGLN.LVWRD.L vs. JEPI

Return for Risk

VAGU.L vs. VWRD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VAGU.L
VAGU.L Risk / Return Rank: 2727
Overall Rank
VAGU.L Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
VAGU.L Sortino Ratio Rank: 2828
Sortino Ratio Rank
VAGU.L Omega Ratio Rank: 2626
Omega Ratio Rank
VAGU.L Calmar Ratio Rank: 2727
Calmar Ratio Rank
VAGU.L Martin Ratio Rank: 2626
Martin Ratio Rank
VWRD.L
VWRD.L Risk / Return Rank: 7272
Overall Rank
VWRD.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
VWRD.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
VWRD.L Omega Ratio Rank: 7373
Omega Ratio Rank
VWRD.L Calmar Ratio Rank: 6666
Calmar Ratio Rank
VWRD.L Martin Ratio Rank: 7373
Martin Ratio Rank
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.

VAGU.L vs. VWRD.L - Risk-Adjusted Trends Comparison

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

VAGU.LVWRD.LDifference
Sharpe ratioReturn per unit of total volatility
0.97
2.30

-1.33

Sortino ratioReturn per unit of downside risk
1.49
3.40

-1.91

Omega ratioGain probability vs. loss probability

1.17

1.43

-0.25

Calmar ratioReturn relative to maximum drawdown

1.26

3.24

-1.98

Martin ratioReturn relative to average drawdown

3.55

13.61

-10.06

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VAGU.L vs. VWRD.L - Sharpe Ratio Comparison

The current VAGU.L Sharpe Ratio is 0.97, which is lower than the VWRD.L Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of VAGU.L and VWRD.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.

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Sharpe Ratios by Period

VAGU.LVWRD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.97

2.30

-1.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.06

0.73

-0.67

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.80

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.22

0.82

-0.60

Drawdowns

VAGU.L vs. VWRD.L - Drawdown Comparison

The maximum VAGU.L drawdown since its inception was -17.42%, smaller than the maximum VWRD.L drawdown of -33.83%. Use the drawdown chart below to compare losses from any high point for VAGU.L and VWRD.L.

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Drawdown Indicators

VAGU.LVWRD.LDifference

Max Drawdown

Largest peak-to-trough decline

-17.42%

-33.83%

+16.41%

Max Drawdown (1Y)

Largest decline over 1 year

-2.70%

-8.80%

+6.10%

Max Drawdown (3Y)

Largest decline over 3 years

-3.84%

-16.25%

+12.41%

Max Drawdown (5Y)

Largest decline over 5 years

-17.10%

-26.02%

+8.92%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.83%

—

Current Drawdown

Current decline from peak

-1.33%

-0.78%

-0.55%

Average Drawdown

Average peak-to-trough decline

-5.53%

-4.62%

-0.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.96%

2.10%

-1.14%

Volatility

VAGU.L vs. VWRD.L - Volatility Comparison

The current volatility for Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L) is 1.41%, while Vanguard FTSE All-World UCITS ETF (VWRD.L) has a volatility of 3.88%. This indicates that VAGU.L experiences smaller price fluctuations and is considered to be less risky than VWRD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VAGU.LVWRD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.41%

3.88%

-2.47%

Volatility (6M)

Calculated over the trailing 6-month period

2.76%

9.80%

-7.04%

Volatility (1Y)

Calculated over the trailing 1-year period

3.53%

12.39%

-8.86%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.10%

15.32%

-10.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.73%

15.72%

-10.99%

VAGU.L vs. VWRD.L - Expense Ratio Comparison

VAGU.L has a 0.10% expense ratio, which is lower than VWRD.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

VAGU.L vs. VWRD.L - Dividend Comparison

VAGU.L has not paid dividends to shareholders, while VWRD.L's dividend yield for the trailing twelve months is around 1.24%.

PositionTTM20252024202320222021202020192018201720162015
VAGU.L
Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VWRD.L
Vanguard FTSE All-World UCITS ETF		1.24%1.38%1.52%1.69%2.05%1.48%1.47%1.88%2.29%1.82%2.04%2.07%

Frequently Asked Questions

VAGU.L and VWRD.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VAGU.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VAGU.L is cheaper with a 0.10% expense ratio, compared with 0.22% for VWRD.L.

VAGU.L is categorized as Global Bonds, while VWRD.L is Global Equities. VAGU.L tracks Bloomberg Global Aggregate TR Hdg USD, while VWRD.L tracks FTSE All-World Index. Their fees differ too: 0.10% for VAGU.L and 0.22% for VWRD.L.

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