VGWL.DE vs. FTWD.L
VGWL.DE (Vanguard FTSE All-World UCITS ETF Distributing) and FTWD.L (Invesco FTSE All-World UCITS ETF Dist) are both Global Equities funds - VGWL.DE tracks the FTSE All-World while FTWD.L tracks the FTSE All-World Index. Both are passively managed. Over the past year, VGWL.DE returned 26.26% vs 26.50% for FTWD.L. Their correlation of 0.90 suggests significant overlap in exposure. VGWL.DE charges 0.22%/yr vs 0.15%/yr for FTWD.L.
Performance
VGWL.DE vs. FTWD.L - Performance Comparison
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Different Trading Currencies
VGWL.DE is traded in EUR, while FTWD.L is traded in USD. To make them comparable, the FTWD.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with VGWL.DE having a 12.63% return and FTWD.L slightly higher at 12.92%.
VGWL.DE
- 1D
- -0.24%
- 1M
- 3.64%
- YTD
- 12.63%
- 6M
- 12.78%
- 1Y
- 26.26%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
FTWD.L
- 1D
- -0.30%
- 1M
- 3.80%
- YTD
- 12.92%
- 6M
- 13.02%
- 1Y
- 26.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGWL.DE vs. FTWD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing | 12.63% | 9.18% | 24.40% | 6.90% |
FTWD.L Invesco FTSE All-World UCITS ETF Dist | 12.92% | 8.00% | 25.68% | 6.69% |
Correlation
The correlation between VGWL.DE and FTWD.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.90 |
The correlation between VGWL.DE and FTWD.L has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.
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Return for Risk
VGWL.DE vs. FTWD.L — Risk / Return Rank
VGWL.DE
FTWD.L
VGWL.DE vs. FTWD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF Distributing (VGWL.DE) and Invesco FTSE All-World UCITS ETF Dist (FTWD.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.
| VGWL.DE | FTWD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.40 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 4.18 | -0.19 |
| Martin ratioReturn relative to average drawdown | 16.38 | 15.61 | +0.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VGWL.DE | FTWD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 2.14 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 1.32 | -0.55 |
Drawdowns
VGWL.DE vs. FTWD.L - Drawdown Comparison
The maximum VGWL.DE drawdown since its inception was -33.40%, which is greater than FTWD.L's maximum drawdown of -20.18%. Use the drawdown chart below to compare losses from any high point for VGWL.DE and FTWD.L.
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Drawdown Indicators
| VGWL.DE | FTWD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.40% | -20.18% | -13.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -6.32% | -0.25% |
Max Drawdown (3Y)Largest decline over 3 years | -21.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | — | — |
Current DrawdownCurrent decline from peak | -0.64% | -0.58% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -2.53% | -1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.70% | -0.09% |
Volatility
VGWL.DE vs. FTWD.L - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF Distributing (VGWL.DE) is 3.02%, while Invesco FTSE All-World UCITS ETF Dist (FTWD.L) has a volatility of 3.61%. This indicates that VGWL.DE experiences smaller price fluctuations and is considered to be less risky than FTWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGWL.DE | FTWD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | 3.61% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 8.13% | 9.21% | -1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 12.34% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.76% | 13.84% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 13.84% | +1.67% |
VGWL.DE vs. FTWD.L - Expense Ratio Comparison
VGWL.DE has a 0.22% expense ratio, which is higher than FTWD.L's 0.15% 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%.
Dividends
VGWL.DE vs. FTWD.L - Dividend Comparison
VGWL.DE's dividend yield for the trailing twelve months is around 1.24%, more than FTWD.L's 1.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FTWD.L Invesco FTSE All-World UCITS ETF Dist | 1.22% | 1.34% | 1.53% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing | 1.24% | 1.42% | 1.48% | 1.73% | 2.09% | 1.43% | 1.56% | 1.87% | 2.26% | 0.37% |
Frequently Asked Questions
VGWL.DE and FTWD.L have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FTWD.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTWD.L is cheaper with a 0.15% expense ratio, compared with 0.22% for VGWL.DE.
VGWL.DE tracks FTSE All-World, while FTWD.L tracks FTSE All-World Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.22% for VGWL.DE and 0.15% for FTWD.L.
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