VGVA.L vs. FWEA.DE
VGVA.L (Vanguard UK Gilt UCITS ETF Accumulating) and FWEA.DE (Invesco FTSE All-World UCITS ETF) are both exchange-traded funds - VGVA.L is a European Government Bonds fund tracking the FTSE Act UK Cnvt Gilts All Stocks TR GBP, while FWEA.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, VGVA.L returned 2.14% vs 29.81% for FWEA.DE. At a 0.20 correlation, their price movements are largely independent. VGVA.L charges 0.07%/yr vs 0.20%/yr for FWEA.DE.
Performance
VGVA.L vs. FWEA.DE - Performance Comparison
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Different Trading Currencies
VGVA.L is traded in GBP, while FWEA.DE is traded in EUR. To make them comparable, the FWEA.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VGVA.L achieves a -1.19% return, which is significantly lower than FWEA.DE's 9.77% return.
VGVA.L
- 1D
- 0.28%
- 1M
- 1.61%
- YTD
- -1.19%
- 6M
- -1.36%
- 1Y
- 2.14%
- 3Y*
- 2.10%
- 5Y*
- -5.33%
- 10Y*
- —
FWEA.DE
- 1D
- -0.11%
- 1M
- 4.64%
- YTD
- 9.77%
- 6M
- 10.77%
- 1Y
- 29.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGVA.L vs. FWEA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VGVA.L Vanguard UK Gilt UCITS ETF Accumulating | -1.19% | 4.03% | -3.61% | 7.17% |
FWEA.DE Invesco FTSE All-World UCITS ETF | 9.77% | 23.64% | 14.01% | 9.76% |
Correlation
The correlation between VGVA.L and FWEA.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2023 | 0.20 |
The correlation between VGVA.L and FWEA.DE shifts across timeframes, from 0.20 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VGVA.L vs. FWEA.DE — Risk / Return Rank
VGVA.L
FWEA.DE
VGVA.L vs. FWEA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard UK Gilt UCITS ETF Accumulating (VGVA.L) and Invesco FTSE All-World UCITS ETF (FWEA.DE). 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.
| VGVA.L | FWEA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.30 | ||
| Sortino ratioReturn per unit of downside risk | -3.28 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.48 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 3.41 | -3.04 |
| Martin ratioReturn relative to average drawdown | 1.00 | 14.07 | -13.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VGVA.L | FWEA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 2.63 | -2.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | 1.56 | -1.81 |
Drawdowns
VGVA.L vs. FWEA.DE - Drawdown Comparison
The maximum VGVA.L drawdown since its inception was -39.28%, which is greater than FWEA.DE's maximum drawdown of -15.32%. Use the drawdown chart below to compare losses from any high point for VGVA.L and FWEA.DE.
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Drawdown Indicators
| VGVA.L | FWEA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.28% | -15.32% | -23.96% |
Max Drawdown (1Y)Largest decline over 1 year | -5.75% | -8.70% | +2.95% |
Max Drawdown (3Y)Largest decline over 3 years | -7.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.05% | — | — |
Current DrawdownCurrent decline from peak | -31.00% | -0.62% | -30.38% |
Average DrawdownAverage peak-to-trough decline | -19.93% | -1.69% | -18.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.11% | +0.02% |
Volatility
VGVA.L vs. FWEA.DE - Volatility Comparison
The current volatility for Vanguard UK Gilt UCITS ETF Accumulating (VGVA.L) is 2.79%, while Invesco FTSE All-World UCITS ETF (FWEA.DE) has a volatility of 3.37%. This indicates that VGVA.L experiences smaller price fluctuations and is considered to be less risky than FWEA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGVA.L | FWEA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 3.37% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 5.27% | 8.84% | -3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.53% | 11.29% | -4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.28% | 12.54% | -1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.86% | 12.54% | -1.68% |
VGVA.L vs. FWEA.DE - Expense Ratio Comparison
VGVA.L has a 0.07% expense ratio, which is lower than FWEA.DE's 0.20% 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
VGVA.L vs. FWEA.DE - Dividend Comparison
Neither VGVA.L nor FWEA.DE has paid dividends to shareholders.
Frequently Asked Questions
VGVA.L and FWEA.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGVA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGVA.L is cheaper with a 0.07% expense ratio, compared with 0.20% for FWEA.DE.
VGVA.L is categorized as European Government Bonds, while FWEA.DE is Global Equities. VGVA.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while FWEA.DE tracks FTSE All-World Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.07% for VGVA.L and 0.20% for FWEA.DE.
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