VWRA.L vs. SWRD.MI
VWRA.L (Vanguard FTSE All-World UCITS ETF USD Accumulating) and SWRD.MI (SPDR MSCI World UCITS ETF) are both Global Equities funds - VWRA.L tracks the FTSE All-World Index while SWRD.MI tracks the MSCI World Index. Both are passively managed. Over the past 5 years, VWRA.L returned 11.25%/yr vs 11.99%/yr for SWRD.MI. Their correlation of 0.85 suggests significant overlap in exposure. VWRA.L charges 0.22%/yr vs 0.12%/yr for SWRD.MI.
Performance
VWRA.L vs. SWRD.MI - Performance Comparison
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Different Trading Currencies
VWRA.L is traded in USD, while SWRD.MI is traded in EUR. To make them comparable, the SWRD.MI values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VWRA.L achieves a 11.59% return, which is significantly higher than SWRD.MI's 9.53% return.
VWRA.L
- 1D
- -0.08%
- 1M
- 4.27%
- YTD
- 11.59%
- 6M
- 13.04%
- 1Y
- 28.67%
- 3Y*
- 21.09%
- 5Y*
- 11.25%
- 10Y*
- —
SWRD.MI
- 1D
- 0.08%
- 1M
- 4.09%
- YTD
- 9.53%
- 6M
- 11.03%
- 1Y
- 26.02%
- 3Y*
- 20.88%
- 5Y*
- 11.99%
- 10Y*
- —
VWRA.L vs. SWRD.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWRA.L Vanguard FTSE All-World UCITS ETF USD Accumulating | 11.59% | 22.45% | 17.65% | 22.28% | -18.11% | 18.46% | 16.19% | 6.66% |
SWRD.MI SPDR MSCI World UCITS ETF | 9.53% | 21.56% | 19.88% | 23.84% | -18.44% | 22.43% | 16.32% | 6.97% |
Correlation
The correlation between VWRA.L and SWRD.MI is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2019 | 0.85 |
The correlation between VWRA.L and SWRD.MI has been stable across timeframes, ranging from 0.85 to 0.90 - a consistent structural relationship.
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Return for Risk
VWRA.L vs. SWRD.MI — Risk / Return Rank
VWRA.L
SWRD.MI
VWRA.L vs. SWRD.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) and SPDR MSCI World UCITS ETF (SWRD.MI). 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.
| VWRA.L | SWRD.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.40 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.25 | 3.07 | +0.18 |
| Martin ratioReturn relative to average drawdown | 13.63 | 13.25 | +0.38 |
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
| VWRA.L | SWRD.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 2.23 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.77 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.80 | -0.02 |
Drawdowns
VWRA.L vs. SWRD.MI - Drawdown Comparison
The maximum VWRA.L drawdown since its inception was -33.62%, roughly equal to the maximum SWRD.MI drawdown of -34.21%. Use the drawdown chart below to compare losses from any high point for VWRA.L and SWRD.MI.
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Drawdown Indicators
| VWRA.L | SWRD.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.62% | -34.21% | +0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -8.47% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -17.70% | +1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -25.52% | -0.54% |
Current DrawdownCurrent decline from peak | -0.75% | -0.48% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -5.32% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 1.96% | +0.14% |
Volatility
VWRA.L vs. SWRD.MI - Volatility Comparison
Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) has a higher volatility of 3.87% compared to SPDR MSCI World UCITS ETF (SWRD.MI) at 2.92%. This indicates that VWRA.L's price experiences larger fluctuations and is considered to be riskier than SWRD.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWRA.L | SWRD.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 2.92% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 8.71% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.36% | 11.70% | +0.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.36% | 15.54% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.28% | 18.24% | -0.96% |
VWRA.L vs. SWRD.MI - Expense Ratio Comparison
VWRA.L has a 0.22% expense ratio, which is higher than SWRD.MI's 0.12% 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
VWRA.L vs. SWRD.MI - Dividend Comparison
Neither VWRA.L nor SWRD.MI has paid dividends to shareholders.
Frequently Asked Questions
VWRA.L and SWRD.MI have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SWRD.MI is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SWRD.MI is cheaper with a 0.12% expense ratio, compared with 0.22% for VWRA.L.
VWRA.L tracks FTSE All-World Index, while SWRD.MI tracks MSCI World Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.22% for VWRA.L and 0.12% for SWRD.MI.
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