VGVA.L vs. VWRD.L
VGVA.L (Vanguard UK Gilt UCITS ETF Accumulating) and VWRD.L (Vanguard 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 VWRD.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, VGVA.L returned -5.33%/yr vs 12.45%/yr for VWRD.L. At a correlation of -0.01, they often move in opposite directions. VGVA.L charges 0.07%/yr vs 0.22%/yr for VWRD.L.
Performance
VGVA.L vs. VWRD.L - Performance Comparison
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Different Trading Currencies
VGVA.L is traded in GBP, while VWRD.L is traded in USD. To make them comparable, the VWRD.L 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 VWRD.L's 12.08% 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*
- —
VWRD.L
- 1D
- -0.10%
- 1M
- 5.24%
- YTD
- 12.08%
- 6M
- 12.23%
- 1Y
- 29.86%
- 3Y*
- 18.05%
- 5Y*
- 12.45%
- 10Y*
- 13.48%
VGVA.L vs. VWRD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGVA.L Vanguard UK Gilt UCITS ETF Accumulating | -1.19% | 4.03% | -3.61% | 3.26% | -27.03% | -5.38% | 9.36% | 5.93% |
VWRD.L Vanguard FTSE All-World UCITS ETF | 12.08% | 13.66% | 19.71% | 16.20% | -8.46% | 19.64% | 12.72% | 12.95% |
Correlation
The correlation between VGVA.L and VWRD.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | -0.01 |
The correlation between VGVA.L and VWRD.L shifts across timeframes, from -0.01 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VGVA.L vs. VWRD.L — Risk / Return Rank
VGVA.L
VWRD.L
VGVA.L vs. VWRD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard UK Gilt UCITS ETF Accumulating (VGVA.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.
| VGVA.L | VWRD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.47 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | 4.27 | -3.90 |
| Martin ratioReturn relative to average drawdown | 1.00 | 16.46 | -15.45 |
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 | VWRD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 2.51 | -2.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.88 | -1.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | 0.90 | -1.15 |
Drawdowns
VGVA.L vs. VWRD.L - Drawdown Comparison
The maximum VGVA.L drawdown since its inception was -39.28%, which is greater than VWRD.L's maximum drawdown of -25.84%. Use the drawdown chart below to compare losses from any high point for VGVA.L and VWRD.L.
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Drawdown Indicators
| VGVA.L | VWRD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.28% | -25.84% | -13.44% |
Max Drawdown (1Y)Largest decline over 1 year | -5.75% | -6.96% | +1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -7.88% | -18.11% | +10.23% |
Max Drawdown (5Y)Largest decline over 5 years | -37.05% | -18.11% | -18.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.84% | — |
Current DrawdownCurrent decline from peak | -31.00% | -0.43% | -30.57% |
Average DrawdownAverage peak-to-trough decline | -19.93% | -3.47% | -16.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 1.81% | +0.32% |
Volatility
VGVA.L vs. VWRD.L - Volatility Comparison
The current volatility for Vanguard UK Gilt UCITS ETF Accumulating (VGVA.L) is 2.79%, while Vanguard FTSE All-World UCITS ETF (VWRD.L) has a volatility of 3.68%. This indicates that VGVA.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
| VGVA.L | VWRD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 3.68% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 5.27% | 9.26% | -3.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.53% | 11.85% | -5.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.28% | 14.07% | -2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.86% | 15.29% | -4.43% |
VGVA.L vs. VWRD.L - Expense Ratio Comparison
VGVA.L has a 0.07% 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
VGVA.L vs. VWRD.L - Dividend Comparison
VGVA.L has not paid dividends to shareholders, while VWRD.L's dividend yield for the trailing twelve months is around 1.24%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGVA.L Vanguard UK Gilt UCITS ETF 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
VGVA.L and VWRD.L have a correlation of 0.29, 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 0.22% for VWRD.L.
VGVA.L is categorized as European Government Bonds, while VWRD.L is Global Equities. VGVA.L tracks FTSE Act UK Cnvt Gilts All Stocks TR GBP, while VWRD.L tracks FTSE All-World Index. Their fees differ too: 0.07% for VGVA.L and 0.22% for VWRD.L.
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