VWRD.L vs. FEQIX

Last updated Jun 26, 2026

VWRD.L (Vanguard FTSE All-World UCITS ETF) and FEQIX (Fidelity Equity-Income Fund) are both funds - VWRD.L is a Global Equities fund tracking the FTSE All-World Index, while FEQIX is a Large Cap Value Equities fund actively managed by Fidelity. VWRD.L is passively managed, while FEQIX is actively managed. Over the past 10 years, VWRD.L returned 13.22%/yr vs 12.29%/yr for FEQIX. A 0.55 correlation means they provide meaningful diversification when combined. VWRD.L charges 0.22%/yr vs 0.57%/yr for FEQIX.

Performance

VWRD.L vs. FEQIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE All-World UCITS ETF (VWRD.L) and Fidelity Equity-Income Fund (FEQIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with VWRD.L having a 9.62% return and FEQIX slightly higher at 9.72%. Over the past 10 years, VWRD.L has outperformed FEQIX with an annualized return of 13.22%, while FEQIX has yielded a comparatively lower 12.29% annualized return.

VWRD.L

• 1D: -0.05%
• 1M: -1.07%
• YTD: 9.62%
• 6M: 9.53%
• 1Y: 24.59%
• 3Y*: 20.06%
• 5Y*: 10.68%
• 10Y*: 13.22%

FEQIX

• 1D: 0.37%
• 1M: 0.47%
• YTD: 9.72%
• 6M: 8.85%
• 1Y: 22.34%
• 3Y*: 17.93%
• 5Y*: 10.97%
• 10Y*: 12.29%

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

VWRD.L vs. FEQIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VWRD.L Vanguard FTSE All-World UCITS ETF	9.62%	22.39%	17.65%	22.31%	-18.19%	18.52%	16.13%	25.67%	-9.70%	24.35%
FEQIX Fidelity Equity-Income Fund	9.72%	18.96%	15.34%	10.62%	-5.10%	24.49%	6.77%	27.90%	-8.46%	12.80%

Correlation

The correlation between VWRD.L and FEQIX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.51
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since May 22, 2012	0.55

The correlation between VWRD.L and FEQIX has been stable across timeframes, ranging from 0.46 to 0.55 - a consistent structural relationship.

Return for Risk

VWRD.L vs. FEQIX — 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: 69
VWRD.L Sharpe Ratio Rank: 69
VWRD.L Sortino Ratio Rank: 73
VWRD.L Omega Ratio Rank: 69
VWRD.L Calmar Ratio Rank: 65
VWRD.L Martin Ratio Rank: 70

FEQIX

FEQIX Risk / Return Rank: 81
FEQIX Sharpe Ratio Rank: 81
FEQIX Sortino Ratio Rank: 81
FEQIX Omega Ratio Rank: 76
FEQIX Calmar Ratio Rank: 83
FEQIX Martin Ratio Rank: 85

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. FEQIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWRD.L) and Fidelity Equity-Income Fund (FEQIX). 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.

	VWRD.L	FEQIX	Difference
Sharpe ratio: Return per unit of total volatility	1.92	2.28	-0.36
Sortino ratio: Return per unit of downside risk	2.87	3.28	-0.42
Omega ratio: Gain probability vs. loss probability	1.36	1.41	-0.06
Calmar ratio: Return relative to maximum drawdown	2.78	3.40	-0.61
Martin ratio: Return relative to average drawdown	11.29	13.71	-2.42

VWRD.L vs. FEQIX - Sharpe Ratio Comparison

The current VWRD.L Sharpe Ratio is 1.92, which is comparable to the FEQIX Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of VWRD.L and FEQIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VWRD.L vs. FEQIX - Drawdown Comparison

The maximum VWRD.L drawdown since its inception was -33.83%, smaller than the maximum FEQIX drawdown of -62.38%. Use the drawdown chart below to compare losses from any high point for VWRD.L and FEQIX.

Drawdown Indicators

	VWRD.L	FEQIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.83%	-62.38%	+28.55%
Max Drawdown (1Y) Largest decline over 1 year	-8.80%	-6.48%	-2.32%
Max Drawdown (3Y) Largest decline over 3 years	-16.25%	-13.18%	-3.07%
Max Drawdown (5Y) Largest decline over 5 years	-26.02%	-17.20%	-8.82%
Max Drawdown (10Y) Largest decline over 10 years	-33.83%	-33.12%	-0.71%
Current Drawdown Current decline from peak	-2.57%	-0.58%	-1.99%
Average Drawdown Average peak-to-trough decline	-4.50%	-8.00%	+3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.17%	1.60%	+0.57%

Volatility

VWRD.L vs. FEQIX - Volatility Comparison

Vanguard FTSE All-World UCITS ETF (VWRD.L) has a higher volatility of 4.25% compared to Fidelity Equity-Income Fund (FEQIX) at 2.79%. This indicates that VWRD.L's price experiences larger fluctuations and is considered to be riskier than FEQIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWRD.L	FEQIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	2.79%	+1.46%
Volatility (6M) Calculated over the trailing 6-month period	10.45%	7.39%	+3.06%
Volatility (1Y) Calculated over the trailing 1-year period	12.75%	9.67%	+3.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.40%	13.45%	+1.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.65%	15.45%	+0.20%

VWRD.L vs. FEQIX - Expense Ratio Comparison

VWRD.L has a 0.22% expense ratio, which is lower than FEQIX's 0.57% expense ratio.

Dividends

VWRD.L vs. FEQIX - Dividend Comparison

VWRD.L's dividend yield for the trailing twelve months is around 1.29%, less than FEQIX's 4.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FEQIX Fidelity Equity-Income Fund	4.58%	4.67%	5.51%	4.26%	4.56%	9.90%	3.38%	7.16%	9.76%	6.29%	4.28%	12.17%
VWRD.L Vanguard FTSE All-World UCITS ETF	1.29%	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 FEQIX in my portfolio?

VWRD.L and FEQIX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.