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VNRG.L vs. ACWI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VNRG.L vs. ACWI

Last updated Jun 5, 2026

VNRG.L (Vanguard FTSE North America UCITS ETF (USD) Accumulating) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - VNRG.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past 5 years, VNRG.L returned 14.50%/yr vs 12.00%/yr for ACWI. A 0.59 correlation means they provide meaningful diversification when combined. VNRG.L charges 0.10%/yr vs 0.32%/yr for ACWI.

Performance

VNRG.L vs. ACWI - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRG.L) and iShares MSCI ACWI ETF (ACWI). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VNRG.L is traded in GBP, while ACWI is traded in USD. To make them comparable, the ACWI values have been converted to GBP using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with VNRG.L having a 10.37% return and ACWI slightly lower at 10.21%.

VNRG.L

1D
0.11%
1M
4.70%
YTD
10.37%
6M
9.73%
1Y
28.68%
3Y*
19.20%
5Y*
14.50%
10Y*
—

ACWI

1D
-2.37%
1M
1.24%
YTD
10.21%
6M
9.53%
1Y
27.96%
3Y*
17.15%
5Y*
12.00%
10Y*
13.40%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VNRG.L vs. ACWI - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VNRG.L
Vanguard FTSE North America UCITS ETF (USD) Accumulating		10.37%10.01%26.94%19.89%-9.87%28.98%15.46%1.78%
ACWI
iShares MSCI ACWI ETF		10.21%13.69%19.50%16.16%-8.68%19.79%12.92%1.14%

Correlation

The correlation between VNRG.L and ACWI is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.61

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

0.58

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

0.57

Correlation (All Time)
Calculated using the full available price history since Jul 26, 2019

0.59

The correlation between VNRG.L and ACWI has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.

VNRG.L vs. ACWI - Sectors Allocation Comparison

Sectors
VNRG.L
ACWI

Technology

34.4%
29.4%

Financial Services

13.0%
16.1%

Communication Services

10.9%
9.0%

Consumer Cyclical

9.8%
9.3%

Industrials

8.3%
10.9%

Healthcare

8.2%
8.1%

Consumer Defensive

4.7%
5.0%

Energy

4.3%
4.2%

Basic Materials

2.4%
3.7%

Utilities

2.3%
2.6%

Real Estate

1.8%
1.8%

Technology

VNRG.L
34.4%
ACWI
29.4%

Financial Services

VNRG.L
13.0%
ACWI
16.1%

Communication Services

VNRG.L
10.9%
ACWI
9.0%

Consumer Cyclical

VNRG.L
9.8%
ACWI
9.3%

Industrials

VNRG.L
8.3%
ACWI
10.9%

Healthcare

VNRG.L
8.2%
ACWI
8.1%

Consumer Defensive

VNRG.L
4.7%
ACWI
5.0%

Energy

VNRG.L
4.3%
ACWI
4.2%

Basic Materials

VNRG.L
2.4%
ACWI
3.7%

Utilities

VNRG.L
2.3%
ACWI
2.6%

Real Estate

VNRG.L
1.8%
ACWI
1.8%

Compare stocks, funds, or ETFs

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Vanguard FTSE North America UCITS ETF (USD) Accumulating

iShares MSCI ACWI ETF

Often compared with VNRG.L:
VNRG.L vs. VUAG.LVNRG.L vs. SPYVNRG.L vs. VNRT.LVNRG.L vs. ^IMXLVNRG.L vs. VUSA.LVNRG.L vs. LGUG.LVNRG.L vs. VOO
Often compared with ACWI:
ACWI vs. VTACWI vs. SPYACWI vs. VWRL.LACWI vs. ACWXACWI vs. ACWI.LACWI vs. VOOACWI vs. VTI

Return for Risk

VNRG.L vs. ACWI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VNRG.L
VNRG.L Risk / Return Rank: 8282
Overall Rank
VNRG.L Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
VNRG.L Sortino Ratio Rank: 8383
Sortino Ratio Rank
VNRG.L Omega Ratio Rank: 8585
Omega Ratio Rank
VNRG.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
VNRG.L Martin Ratio Rank: 7777
Martin Ratio Rank
ACWI
ACWI Risk / Return Rank: 5959
Overall Rank
ACWI Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
ACWI Sortino Ratio Rank: 5858
Sortino Ratio Rank
ACWI Omega Ratio Rank: 6060
Omega Ratio Rank
ACWI Calmar Ratio Rank: 5555
Calmar Ratio Rank
ACWI Martin Ratio Rank: 6666
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.

VNRG.L vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRG.L) and iShares MSCI ACWI ETF (ACWI). 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.

VNRG.LACWIDifference
Sharpe ratioReturn per unit of total volatility
2.76
2.39

+0.36

Sortino ratioReturn per unit of downside risk
3.70
3.12

+0.58

Omega ratioGain probability vs. loss probability

1.52

1.45

+0.06

Calmar ratioReturn relative to maximum drawdown

4.01

3.73

+0.28

Martin ratioReturn relative to average drawdown

14.70

15.39

-0.69

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

VNRG.L vs. ACWI - Sharpe Ratio Comparison

The current VNRG.L Sharpe Ratio is 2.76, which is comparable to the ACWI Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of VNRG.L and ACWI, 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

VNRG.LACWIDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.76

2.39

+0.36

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

0.85

+0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.82

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.89

0.58

+0.31

Drawdowns

VNRG.L vs. ACWI - Drawdown Comparison

The maximum VNRG.L drawdown since its inception was -26.12%, smaller than the maximum ACWI drawdown of -38.18%. Use the drawdown chart below to compare losses from any high point for VNRG.L and ACWI.

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Drawdown Indicators

VNRG.LACWIDifference

Max Drawdown

Largest peak-to-trough decline

-26.12%

-38.18%

+12.06%

Max Drawdown (1Y)

Largest decline over 1 year

-7.15%

-7.53%

+0.38%

Max Drawdown (3Y)

Largest decline over 3 years

-20.92%

-17.98%

-2.94%

Max Drawdown (5Y)

Largest decline over 5 years

-20.92%

-17.98%

-2.94%

Max Drawdown (10Y)

Largest decline over 10 years

—

-26.56%

—

Current Drawdown

Current decline from peak

-0.14%

-2.57%

+2.43%

Average Drawdown

Average peak-to-trough decline

-3.76%

-5.14%

+1.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.95%

1.82%

+0.13%

Volatility

VNRG.L vs. ACWI - Volatility Comparison

The current volatility for Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRG.L) is 2.56%, while iShares MSCI ACWI ETF (ACWI) has a volatility of 3.83%. This indicates that VNRG.L experiences smaller price fluctuations and is considered to be less risky than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VNRG.LACWIDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.56%

3.83%

-1.27%

Volatility (6M)

Calculated over the trailing 6-month period

7.13%

9.13%

-2.00%

Volatility (1Y)

Calculated over the trailing 1-year period

10.40%

11.74%

-1.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.30%

14.22%

+0.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.26%

16.48%

-0.22%

VNRG.L vs. ACWI - Expense Ratio Comparison

VNRG.L has a 0.10% expense ratio, which is lower than ACWI's 0.32% expense ratio.

Dividends

VNRG.L vs. ACWI - Dividend Comparison

VNRG.L has not paid dividends to shareholders, while ACWI's dividend yield for the trailing twelve months is around 1.42%.

PositionTTM20252024202320222021202020192018201720162015
ACWI
iShares MSCI ACWI ETF		1.42%1.55%1.70%1.88%1.79%1.71%1.43%2.33%2.18%1.94%2.19%2.56%
VNRG.L
Vanguard FTSE North America UCITS ETF (USD) 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%

Frequently Asked Questions

VNRG.L and ACWI have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

VNRG.L is cheaper with a 0.10% expense ratio, compared with 0.32% for ACWI.

VNRG.L is categorized as Large Cap Blend Equities, while ACWI is Global Equities. VNRG.L tracks Russell 1000 TR USD, while ACWI tracks MSCI All Country World Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VNRG.L and 0.32% for ACWI.

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