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VFWAX vs. ISF.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

VFWAX vs. ISF.L

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard FTSE All-World ex-US Index Fund Admiral Shares (VFWAX) and iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L).

VFWAX is managed by Vanguard. It was launched on Sep 27, 2011. ISF.L is a passively managed fund by iShares that tracks the performance of the FTSE AllSh TR GBP. It was launched on Apr 27, 2000.

Performance

VFWAX vs. ISF.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE All-World ex-US Index Fund Admiral Shares (VFWAX) and iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L). The values are adjusted to include any dividend payments, if applicable.

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VFWAX vs. ISF.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VFWAX
Vanguard FTSE All-World ex-US Index Fund Admiral Shares		1.81%32.32%5.43%15.55%-15.51%8.08%11.34%21.53%-13.97%27.20%
ISF.L
iShares Core FTSE 100 UCITS ETF (Dist)		4.35%35.47%7.46%13.50%-6.37%16.61%-8.97%21.81%-14.11%23.87%
Different Trading Currencies

VFWAX is traded in USD, while ISF.L is traded in GBp. To make them comparable, the ISF.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VFWAX achieves a 1.81% return, which is significantly lower than ISF.L's 4.35% return. Both investments have delivered pretty close results over the past 10 years, with VFWAX having a 8.94% annualized return and ISF.L not far behind at 8.65%.

VFWAX

1D
2.88%
1M
-7.13%
YTD
1.81%
6M
5.93%
1Y
26.78%
3Y*
15.42%
5Y*
7.35%
10Y*
8.94%

ISF.L

1D
2.63%
1M
-3.88%
YTD
4.35%
6M
10.31%
1Y
28.10%
3Y*
17.70%
5Y*
12.08%
10Y*
8.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard FTSE All-World ex-US Index Fund Admiral Shares

iShares Core FTSE 100 UCITS ETF (Dist)

Often compared with VFWAX:
VFWAX vs. VTIAXVFWAX vs. VTSAXVFWAX vs. FSPSXVFWAX vs. VOOVFWAX vs. DODWXVFWAX vs. SPYVFWAX vs. VIGAX
Often compared with ISF.L:
ISF.L vs. VUKE.LISF.L vs. HUKX.LISF.L vs. XDAX.LISF.L vs. VUSA.ASISF.L vs. UKDV.LISF.L vs. VOOISF.L vs. FEUI.L

VFWAX vs. ISF.L - Expense Ratio Comparison

VFWAX has a 0.11% expense ratio, which is higher than ISF.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

VFWAX
Vanguard FTSE All-World ex-US Index Fund Admiral Shares
ISF.L
iShares Core FTSE 100 UCITS ETF (Dist)

Return for Risk

VFWAX vs. ISF.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VFWAX
VFWAX Risk / Return Rank: 8585
Overall Rank
VFWAX Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
VFWAX Sortino Ratio Rank: 8585
Sortino Ratio Rank
VFWAX Omega Ratio Rank: 8383
Omega Ratio Rank
VFWAX Calmar Ratio Rank: 8787
Calmar Ratio Rank
VFWAX Martin Ratio Rank: 8686
Martin Ratio Rank
ISF.L
ISF.L Risk / Return Rank: 8787
Overall Rank
ISF.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
ISF.L Sortino Ratio Rank: 8585
Sortino Ratio Rank
ISF.L Omega Ratio Rank: 9191
Omega Ratio Rank
ISF.L Calmar Ratio Rank: 8686
Calmar Ratio Rank
ISF.L Martin Ratio Rank: 8686
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.

VFWAX vs. ISF.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World ex-US Index Fund Admiral Shares (VFWAX) and iShares Core FTSE 100 UCITS ETF (Dist) (ISF.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.

VFWAXISF.LDifference

Sharpe ratio

Return per unit of total volatility

1.71

1.72

-0.01

Sortino ratio

Return per unit of downside risk

2.28

2.16

+0.11

Omega ratio

Gain probability vs. loss probability

1.34

1.35

-0.01

Calmar ratio

Return relative to maximum drawdown

2.31

2.37

-0.06

Martin ratio

Return relative to average drawdown

9.04

10.11

-1.07

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

VFWAX vs. ISF.L - Sharpe Ratio Comparison

The current VFWAX Sharpe Ratio is 1.71, which is comparable to the ISF.L Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of VFWAX and ISF.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

VFWAXISF.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.71

1.72

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.49

0.74

-0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.56

0.48

+0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.47

0.18

+0.28

Correlation

The correlation between VFWAX and ISF.L is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VFWAX vs. ISF.L - Dividend Comparison

VFWAX's dividend yield for the trailing twelve months is around 2.90%, which matches ISF.L's 2.88% yield.

TTM20252024202320222021202020192018201720162015
VFWAX
Vanguard FTSE All-World ex-US Index Fund Admiral Shares		2.90%3.05%3.20%3.28%3.07%3.03%1.97%3.07%3.24%2.67%2.96%2.95%
ISF.L
iShares Core FTSE 100 UCITS ETF (Dist)		2.88%3.01%3.71%3.86%3.75%3.76%3.11%4.47%4.44%3.96%3.79%4.12%

Drawdowns

VFWAX vs. ISF.L - Drawdown Comparison

The maximum VFWAX drawdown since its inception was -34.93%, smaller than the maximum ISF.L drawdown of -63.42%. Use the drawdown chart below to compare losses from any high point for VFWAX and ISF.L.

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Drawdown Indicators

VFWAXISF.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.93%

-68.24%

+33.31%

Max Drawdown (1Y)

Largest decline over 1 year

-11.34%

-10.57%

-0.77%

Max Drawdown (5Y)

Largest decline over 5 years

-29.40%

-12.69%

-16.71%

Max Drawdown (10Y)

Largest decline over 10 years

-34.93%

-34.13%

-0.80%

Current Drawdown

Current decline from peak

-8.79%

-4.44%

-4.35%

Average Drawdown

Average peak-to-trough decline

-7.25%

-21.99%

+14.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.90%

2.36%

+0.54%

Volatility

VFWAX vs. ISF.L - Volatility Comparison

Vanguard FTSE All-World ex-US Index Fund Admiral Shares (VFWAX) has a higher volatility of 7.63% compared to iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L) at 5.95%. This indicates that VFWAX's price experiences larger fluctuations and is considered to be riskier than ISF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VFWAXISF.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.63%

5.95%

+1.68%

Volatility (6M)

Calculated over the trailing 6-month period

10.99%

9.76%

+1.23%

Volatility (1Y)

Calculated over the trailing 1-year period

15.99%

16.24%

-0.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.99%

16.27%

-1.28%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.01%

18.14%

-2.13%