VPAC.L vs. WNDY.L
VPAC.L (Invesco Variable Rate Preferred Shares UCITS ETF USD (Acc)) and WNDY.L (Global X Wind Energy UCITS ETF USD (Acc)) are both exchange-traded funds - VPAC.L is a Preferred Stock/Convertible Bonds fund tracking the ICE Diversified Variable Rate Preferred & Hybrid Securities Index, while WNDY.L is a Global Equities fund tracking the Solactive Wind Energy v2 Index. Both are passively managed. Over the past 3 years, VPAC.L returned 8.42%/yr vs -1.62%/yr for WNDY.L. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
VPAC.L vs. WNDY.L - Performance Comparison
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Returns By Period
In the year-to-date period, VPAC.L achieves a 2.04% return, which is significantly higher than WNDY.L's 0.09% return.
VPAC.L
- 1D
- -0.12%
- 1M
- 0.08%
- 6M
- 1.60%
- YTD
- 2.04%
- 1Y
- 4.91%
- 3Y*
- 8.42%
- 5Y*
- 3.51%
- 10Y*
- —
WNDY.L
- 1D
- -0.62%
- 1M
- -10.14%
- 6M
- -7.15%
- YTD
- 0.09%
- 1Y
- 16.74%
- 3Y*
- -1.62%
- 5Y*
- —
- 10Y*
- —
VPAC.L vs. WNDY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VPAC.L Invesco Variable Rate Preferred Shares UCITS ETF USD (Acc) | 2.04% | 6.34% | 10.84% | 9.27% | -7.20% |
WNDY.L Global X Wind Energy UCITS ETF USD (Acc) | 0.09% | 32.58% | -20.21% | -19.30% | -12.05% |
Correlation
The correlation between VPAC.L and WNDY.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2022 | 0.33 |
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Return for Risk
VPAC.L vs. WNDY.L — Risk / Return Rank
VPAC.L
WNDY.L
VPAC.L vs. WNDY.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Variable Rate Preferred Shares UCITS ETF USD (Acc) (VPAC.L) and Global X Wind Energy UCITS ETF USD (Acc) (WNDY.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VPAC.L | WNDY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.14 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 0.74 | +1.80 |
| Martin ratioReturn relative to average drawdown | 9.98 | 2.49 | +7.50 |
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Drawdowns
VPAC.L vs. WNDY.L - Drawdown Comparison
The maximum VPAC.L drawdown since its inception was -34.25%, smaller than the maximum WNDY.L drawdown of -52.51%. Use the drawdown chart below to compare losses from any high point for VPAC.L and WNDY.L.
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Drawdown Indicators
| VPAC.L | WNDY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.25% | -52.51% | +18.26% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -22.39% | +20.37% |
Max Drawdown (3Y)Largest decline over 3 years | -3.40% | -35.99% | +32.59% |
Max Drawdown (5Y)Largest decline over 5 years | -13.89% | — | — |
Current DrawdownCurrent decline from peak | -0.33% | -29.90% | +29.57% |
Average DrawdownAverage peak-to-trough decline | -3.14% | -30.23% | +27.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 6.72% | -6.20% |
Volatility
VPAC.L vs. WNDY.L - Volatility Comparison
The current volatility for Invesco Variable Rate Preferred Shares UCITS ETF USD (Acc) (VPAC.L) is 0.74%, while Global X Wind Energy UCITS ETF USD (Acc) (WNDY.L) has a volatility of 8.14%. This indicates that VPAC.L experiences smaller price fluctuations and is considered to be less risky than WNDY.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VPAC.L | WNDY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 8.14% | -7.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 17.06% | -14.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.17% | 22.41% | -19.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.30% | 23.08% | -17.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.00% | 23.08% | -12.08% |
VPAC.L vs. WNDY.L - Expense Ratio Comparison
Both VPAC.L and WNDY.L have an expense ratio of 0.50%.
Dividends
VPAC.L vs. WNDY.L - Dividend Comparison
Neither VPAC.L nor WNDY.L has paid dividends to shareholders.
Frequently Asked Questions
VPAC.L and WNDY.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VPAC.L and WNDY.L have the same expense ratio: 0.50% per year.
VPAC.L is categorized as Preferred Stock/Convertible Bonds, while WNDY.L is Global Equities. VPAC.L tracks ICE Diversified Variable Rate Preferred & Hybrid Securities Index, while WNDY.L tracks Solactive Wind Energy v2 Index. They also come from different issuers: Invesco and Global X.
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