VWRD.L vs. CU2G.L

Last updated Jun 5, 2026

VWRD.L (Vanguard FTSE All-World UCITS ETF) and CU2G.L (Amundi MSCI USA UCITS USD) are both exchange-traded funds - VWRD.L is a Global Equities fund tracking the FTSE All-World Index, while CU2G.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 10 years, VWRD.L returned 12.64%/yr vs 14.46%/yr for CU2G.L. Their correlation of 0.84 suggests significant overlap in exposure. VWRD.L charges 0.22%/yr vs 0.18%/yr for CU2G.L.

Performance

VWRD.L vs. CU2G.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE All-World UCITS ETF (VWRD.L) and Amundi MSCI USA UCITS USD (CU2G.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VWRD.L is traded in USD, while CU2G.L is traded in GBp. To make them comparable, the CU2G.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VWRD.L achieves a 11.63% return, which is significantly lower than CU2G.L's 12.34% return. Over the past 10 years, VWRD.L has underperformed CU2G.L with an annualized return of 12.64%, while CU2G.L has yielded a comparatively higher 14.46% annualized return.

VWRD.L

• 1D: -0.10%
• 1M: 4.28%
• YTD: 11.63%
• 6M: 13.01%
• 1Y: 28.61%
• 3Y*: 21.10%
• 5Y*: 11.25%
• 10Y*: 12.64%

CU2G.L

• 1D: 0.47%
• 1M: 4.84%
• YTD: 12.34%
• 6M: 12.90%
• 1Y: 27.84%
• 3Y*: 19.82%
• 5Y*: 11.96%
• 10Y*: 14.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VWRD.L vs. CU2G.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VWRD.L Vanguard FTSE All-World UCITS ETF	11.63%	22.38%	17.65%	22.31%	-18.19%	18.52%	16.13%	25.67%	-9.70%	24.36%
CU2G.L Amundi MSCI USA UCITS USD	12.34%	14.39%	19.28%	26.44%	-20.18%	27.98%	19.99%	32.14%	-6.31%	21.29%

Correlation

The correlation between VWRD.L and CU2G.L is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016	0.84

The correlation between VWRD.L and CU2G.L shifts across timeframes, from 0.75 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.

VWRD.L vs. CU2G.L - Sectors Allocation Comparison

Sectors	VWRD.L	CU2G.L
Technology	30.2%	29.4%
Financial Services	16.1%	11.7%
Industrials	10.2%	8.4%
Consumer Cyclical	9.1%	11.0%
Communication Services	8.9%	8.8%
Healthcare	8.1%	13.0%
Consumer Defensive	4.9%	6.3%
Energy	4.3%	4.4%
Basic Materials	3.6%	2.3%
Utilities	2.9%	2.3%
Real Estate	1.6%	2.5%

Return for Risk

VWRD.L vs. CU2G.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VWRD.L

VWRD.L Risk / Return Rank: 72
VWRD.L Sharpe Ratio Rank: 72
VWRD.L Sortino Ratio Rank: 77
VWRD.L Omega Ratio Rank: 73
VWRD.L Calmar Ratio Rank: 66
VWRD.L Martin Ratio Rank: 73

CU2G.L

CU2G.L Risk / Return Rank: 70
CU2G.L Sharpe Ratio Rank: 78
CU2G.L Sortino Ratio Rank: 74
CU2G.L Omega Ratio Rank: 77
CU2G.L Calmar Ratio Rank: 60
CU2G.L Martin Ratio Rank: 60

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.

VWRD.L vs. CU2G.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWRD.L) and Amundi MSCI USA UCITS USD (CU2G.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.

	VWRD.L	CU2G.L	Difference
Sharpe ratio: Return per unit of total volatility	2.30	2.23	+0.08
Sortino ratio: Return per unit of downside risk	3.40	3.20	+0.20
Omega ratio: Gain probability vs. loss probability	1.43	1.39	+0.03
Calmar ratio: Return relative to maximum drawdown	3.24	2.40	+0.84
Martin ratio: Return relative to average drawdown	13.61	9.39	+4.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VWRD.L vs. CU2G.L - Sharpe Ratio Comparison

The current VWRD.L Sharpe Ratio is 2.30, which is comparable to the CU2G.L Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of VWRD.L and CU2G.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.

Sharpe Ratios by Period

	VWRD.L	CU2G.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	2.23	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.75	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	0.89	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.94	-0.12

Drawdowns

VWRD.L vs. CU2G.L - Drawdown Comparison

The maximum VWRD.L drawdown since its inception was -33.83%, roughly equal to the maximum CU2G.L drawdown of -33.84%. Use the drawdown chart below to compare losses from any high point for VWRD.L and CU2G.L.

Drawdown Indicators

	VWRD.L	CU2G.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.83%	-33.84%	+0.01%
Max Drawdown (1Y) Largest decline over 1 year	-8.80%	-11.57%	+2.77%
Max Drawdown (3Y) Largest decline over 3 years	-16.25%	-19.47%	+3.22%
Max Drawdown (5Y) Largest decline over 5 years	-26.02%	-26.20%	+0.18%
Max Drawdown (10Y) Largest decline over 10 years	-33.83%	-33.84%	+0.01%
Current Drawdown Current decline from peak	-0.78%	0.00%	-0.78%
Average Drawdown Average peak-to-trough decline	-4.62%	-4.66%	+0.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	2.96%	-0.86%

Volatility

VWRD.L vs. CU2G.L - Volatility Comparison

Vanguard FTSE All-World UCITS ETF (VWRD.L) has a higher volatility of 3.88% compared to Amundi MSCI USA UCITS USD (CU2G.L) at 3.44%. This indicates that VWRD.L's price experiences larger fluctuations and is considered to be riskier than CU2G.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWRD.L	CU2G.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	3.44%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	9.80%	9.37%	+0.43%
Volatility (1Y) Calculated over the trailing 1-year period	12.39%	12.47%	-0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.32%	15.98%	-0.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.72%	16.37%	-0.65%

VWRD.L vs. CU2G.L - Expense Ratio Comparison

VWRD.L has a 0.22% expense ratio, which is higher than CU2G.L's 0.18% 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

VWRD.L vs. CU2G.L - Dividend Comparison

VWRD.L's dividend yield for the trailing twelve months is around 1.24%, while CU2G.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CU2G.L Amundi MSCI USA UCITS USD	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VWRD.L Vanguard FTSE All-World UCITS ETF	1.24%	1.38%	1.52%	1.69%	2.05%	1.48%	1.47%	1.88%	2.29%	1.82%	2.04%	2.07%

Frequently Asked Questions

Can I hold both VWRD.L and CU2G.L in my portfolio?

VWRD.L and CU2G.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VWRD.L or CU2G.L?

On fees, CU2G.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VWRD.L or CU2G.L?

CU2G.L is cheaper with a 0.18% expense ratio, compared with 0.22% for VWRD.L.

What is the main difference between VWRD.L and CU2G.L?

VWRD.L is categorized as Global Equities, while CU2G.L is Large Cap Blend Equities. VWRD.L tracks FTSE All-World Index, while CU2G.L tracks Russell 1000 TR USD. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.22% for VWRD.L and 0.18% for CU2G.L.