VUSA.AS vs. IWRD.AS
VUSA.AS (Vanguard S&P 500 UCITS ETF) and IWRD.AS (iShares MSCI World UCITS ETF) are both exchange-traded funds - VUSA.AS is a S&P 500 fund tracking the S&P 500 Index, while IWRD.AS is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, VUSA.AS returned 14.95%/yr vs 12.50%/yr for IWRD.AS. With a 0.97 correlation, they move nearly in lockstep. VUSA.AS charges 0.07%/yr vs 0.50%/yr for IWRD.AS.
Performance
VUSA.AS vs. IWRD.AS - Performance Comparison
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Returns By Period
In the year-to-date period, VUSA.AS achieves a 11.59% return, which is significantly higher than IWRD.AS's 10.92% return. Over the past 10 years, VUSA.AS has outperformed IWRD.AS with an annualized return of 14.95%, while IWRD.AS has yielded a comparatively lower 12.50% annualized return.
VUSA.AS
- 1D
- -0.11%
- 1M
- 5.23%
- YTD
- 11.59%
- 6M
- 11.46%
- 1Y
- 25.64%
- 3Y*
- 18.84%
- 5Y*
- 14.77%
- 10Y*
- 14.95%
IWRD.AS
- 1D
- -0.08%
- 1M
- 4.72%
- YTD
- 10.92%
- 6M
- 11.18%
- 1Y
- 23.48%
- 3Y*
- 17.21%
- 5Y*
- 12.56%
- 10Y*
- 12.50%
VUSA.AS vs. IWRD.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VUSA.AS Vanguard S&P 500 UCITS ETF | 11.59% | 3.90% | 33.86% | 22.12% | -14.18% | 40.36% | 7.72% | 32.99% | -0.37% | 6.68% |
IWRD.AS iShares MSCI World UCITS ETF | 10.92% | 6.83% | 26.78% | 19.68% | -13.85% | 32.06% | 5.87% | 29.11% | -4.38% | 7.51% |
Correlation
The correlation between VUSA.AS and IWRD.AS is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2013 | 0.97 |
The correlation between VUSA.AS and IWRD.AS has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
VUSA.AS vs. IWRD.AS — Risk / Return Rank
VUSA.AS
IWRD.AS
VUSA.AS vs. IWRD.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS ETF (VUSA.AS) and iShares MSCI World UCITS ETF (IWRD.AS). 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.
| VUSA.AS | IWRD.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.40 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 3.46 | +0.09 |
| Martin ratioReturn relative to average drawdown | 12.69 | 13.65 | -0.96 |
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
| VUSA.AS | IWRD.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 2.11 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.96 | 0.87 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.81 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.50 | +0.43 |
Drawdowns
VUSA.AS vs. IWRD.AS - Drawdown Comparison
The maximum VUSA.AS drawdown since its inception was -33.64%, smaller than the maximum IWRD.AS drawdown of -52.51%. Use the drawdown chart below to compare losses from any high point for VUSA.AS and IWRD.AS.
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Drawdown Indicators
| VUSA.AS | IWRD.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.64% | -52.51% | +18.87% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -6.69% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -23.24% | -21.50% | -1.74% |
Max Drawdown (5Y)Largest decline over 5 years | -23.24% | -21.50% | -1.74% |
Max Drawdown (10Y)Largest decline over 10 years | -33.64% | -33.71% | +0.07% |
Current DrawdownCurrent decline from peak | -0.43% | -0.32% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -8.84% | +4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.71% | +0.30% |
Volatility
VUSA.AS vs. IWRD.AS - Volatility Comparison
Vanguard S&P 500 UCITS ETF (VUSA.AS) and iShares MSCI World UCITS ETF (IWRD.AS) have volatilities of 2.62% and 2.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUSA.AS | IWRD.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.65% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 7.72% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.34% | 10.98% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.11% | 14.14% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.01% | 15.16% | +0.85% |
VUSA.AS vs. IWRD.AS - Expense Ratio Comparison
VUSA.AS has a 0.07% expense ratio, which is lower than IWRD.AS's 0.50% expense ratio.
Dividends
VUSA.AS vs. IWRD.AS - Dividend Comparison
VUSA.AS's dividend yield for the trailing twelve months is around 0.87%, more than IWRD.AS's 0.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWRD.AS iShares MSCI World UCITS ETF | 0.85% | 0.95% | 1.05% | 1.32% | 1.49% | 1.01% | 1.21% | 1.62% | 1.84% | 1.67% | 1.70% | 1.80% |
VUSA.AS Vanguard S&P 500 UCITS ETF | 0.87% | 0.97% | 0.99% | 1.26% | 1.45% | 1.02% | 1.43% | 1.46% | 1.74% | 1.64% | 1.66% | 1.76% |
Frequently Asked Questions
With a correlation of 0.96, VUSA.AS and IWRD.AS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VUSA.AS is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUSA.AS is cheaper with a 0.07% expense ratio, compared with 0.50% for IWRD.AS.
VUSA.AS is categorized as S&P 500, while IWRD.AS is Global Equities. VUSA.AS tracks S&P 500 Index, while IWRD.AS tracks MSCI ACWI NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.07% for VUSA.AS and 0.50% for IWRD.AS.
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