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

VNRG.L vs. IWDA.L

Last updated Jun 6, 2026

VNRG.L (Vanguard FTSE North America UCITS ETF (USD) Accumulating) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - VNRG.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while IWDA.L is a Global Equities fund tracking the MSCI World Index (Net). Both are passively managed. Over the past 5 years, VNRG.L returned 14.40%/yr vs 12.93%/yr for IWDA.L. Their correlation of 0.90 suggests significant overlap in exposure. VNRG.L charges 0.10%/yr vs 0.20%/yr for IWDA.L.

Performance

VNRG.L vs. IWDA.L - 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 Core MSCI World UCITS ETF USD (Acc) (IWDA.L). 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 IWDA.L is traded in USD. To make them comparable, the IWDA.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with VNRG.L having a 9.60% return and IWDA.L slightly higher at 9.65%.

VNRG.L

1D
-0.71%
1M
3.96%
YTD
9.60%
6M
8.96%
1Y
27.77%
3Y*
19.11%
5Y*
14.40%
10Y*
—

IWDA.L

1D
-0.54%
1M
3.17%
YTD
9.65%
6M
9.45%
1Y
26.38%
3Y*
17.50%
5Y*
12.93%
10Y*
13.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VNRG.L vs. IWDA.L - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
VNRG.L
Vanguard FTSE North America UCITS ETF (USD) Accumulating		9.60%10.01%27.28%19.88%-9.85%28.98%16.98%1.78%
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		9.65%12.41%21.19%18.05%-8.38%23.34%12.65%0.75%

Correlation

The correlation between VNRG.L and IWDA.L is 0.87, 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

0.87

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

0.88

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

0.89

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

0.90

The correlation between VNRG.L and IWDA.L has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

VNRG.L vs. IWDA.L - Sectors Allocation Comparison

Sectors
VNRG.L
IWDA.L

Technology

34.4%
32.9%

Financial Services

13.0%
14.9%

Communication Services

10.9%
9.3%

Consumer Cyclical

9.8%
8.8%

Industrials

8.3%
9.7%

Healthcare

8.2%
8.6%

Consumer Defensive

4.7%
4.8%

Energy

4.3%
3.9%

Basic Materials

2.4%
2.8%

Utilities

2.3%
2.4%

Real Estate

1.8%
1.2%

Technology

VNRG.L
34.4%
IWDA.L
32.9%

Financial Services

VNRG.L
13.0%
IWDA.L
14.9%

Communication Services

VNRG.L
10.9%
IWDA.L
9.3%

Consumer Cyclical

VNRG.L
9.8%
IWDA.L
8.8%

Industrials

VNRG.L
8.3%
IWDA.L
9.7%

Healthcare

VNRG.L
8.2%
IWDA.L
8.6%

Consumer Defensive

VNRG.L
4.7%
IWDA.L
4.8%

Energy

VNRG.L
4.3%
IWDA.L
3.9%

Basic Materials

VNRG.L
2.4%
IWDA.L
2.8%

Utilities

VNRG.L
2.3%
IWDA.L
2.4%

Real Estate

VNRG.L
1.8%
IWDA.L
1.2%

Compare stocks, funds, or ETFs

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Vanguard FTSE North America UCITS ETF (USD) Accumulating

iShares Core MSCI World UCITS ETF USD (Acc)

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 IWDA.L:
IWDA.L vs. VWCE.DEIWDA.L vs. SWDA.LIWDA.L vs. VWRP.LIWDA.L vs. VUAA.LIWDA.L vs. URTHIWDA.L vs. ACWI.LIWDA.L vs. SPY

Return for Risk

VNRG.L vs. IWDA.L — 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: 8383
Overall Rank
VNRG.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
VNRG.L Sortino Ratio Rank: 8585
Sortino Ratio Rank
VNRG.L Omega Ratio Rank: 8686
Omega Ratio Rank
VNRG.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
VNRG.L Martin Ratio Rank: 7979
Martin Ratio Rank
IWDA.L
IWDA.L Risk / Return Rank: 6868
Overall Rank
IWDA.L Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IWDA.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IWDA.L Omega Ratio Rank: 6666
Omega Ratio Rank
IWDA.L Calmar Ratio Rank: 6363
Calmar Ratio Rank
IWDA.L Martin Ratio Rank: 7171
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. IWDA.L - 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 Core MSCI World UCITS ETF USD (Acc) (IWDA.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.

VNRG.LIWDA.LDifference
Sharpe ratioReturn per unit of total volatility
2.65
2.26

+0.39

Sortino ratioReturn per unit of downside risk
3.57
3.15

+0.42

Omega ratioGain probability vs. loss probability

1.49

1.42

+0.07

Calmar ratioReturn relative to maximum drawdown

3.87

4.12

-0.25

Martin ratioReturn relative to average drawdown

14.17

15.52

-1.34

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. IWDA.L - Sharpe Ratio Comparison

The current VNRG.L Sharpe Ratio is 2.65, which is comparable to the IWDA.L Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of VNRG.L and IWDA.L, 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.LIWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.65

2.26

+0.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

0.89

+0.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.89

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.90

0.78

+0.12

Drawdowns

VNRG.L vs. IWDA.L - Drawdown Comparison

The maximum VNRG.L drawdown since its inception was -26.12%, roughly equal to the maximum IWDA.L drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for VNRG.L and IWDA.L.

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Drawdown Indicators

VNRG.LIWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-26.12%

-26.18%

+0.06%

Max Drawdown (1Y)

Largest decline over 1 year

-7.15%

-6.37%

-0.78%

Max Drawdown (3Y)

Largest decline over 3 years

-20.91%

-18.91%

-2.00%

Max Drawdown (5Y)

Largest decline over 5 years

-20.91%

-18.91%

-2.00%

Max Drawdown (10Y)

Largest decline over 10 years

—

-26.18%

—

Current Drawdown

Current decline from peak

-0.84%

-0.64%

-0.20%

Average Drawdown

Average peak-to-trough decline

-3.68%

-3.52%

-0.16%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.96%

1.70%

+0.26%

Volatility

VNRG.L vs. IWDA.L - Volatility Comparison

The current volatility for Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRG.L) is 2.64%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 3.32%. This indicates that VNRG.L experiences smaller price fluctuations and is considered to be less risky than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VNRG.LIWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.64%

3.32%

-0.68%

Volatility (6M)

Calculated over the trailing 6-month period

7.17%

8.85%

-1.68%

Volatility (1Y)

Calculated over the trailing 1-year period

10.43%

11.62%

-1.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.30%

14.48%

-0.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.21%

15.50%

+0.71%

VNRG.L vs. IWDA.L - Expense Ratio Comparison

VNRG.L has a 0.10% expense ratio, which is lower than IWDA.L'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

VNRG.L vs. IWDA.L - Dividend Comparison

Neither VNRG.L nor IWDA.L has paid dividends to shareholders.

PositionTTM202520242023202220212020
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VNRG.L
Vanguard FTSE North America UCITS ETF (USD) Accumulating		0.00%0.00%0.27%0.00%0.00%0.00%0.97%

Frequently Asked Questions

VNRG.L and IWDA.L have a correlation of 0.87, 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 0.20% for IWDA.L.

VNRG.L is categorized as Large Cap Blend Equities, while IWDA.L is Global Equities. VNRG.L tracks Russell 1000 TR USD, while IWDA.L tracks MSCI World Index (Net). They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VNRG.L and 0.20% for IWDA.L.

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