VWRD.L vs. FFND

Last updated Jun 5, 2026

VWRD.L (Vanguard FTSE All-World UCITS ETF) and FFND (The Future Fund Active ETF) are both exchange-traded funds - VWRD.L is a Global Equities fund tracking the FTSE All-World Index, while FFND is a Large Cap Growth Equities fund actively managed by The Future Fund. VWRD.L is passively managed, while FFND is actively managed. Over the past 3 years, VWRD.L returned 21.10%/yr vs 22.14%/yr for FFND. A 0.56 correlation means they provide meaningful diversification when combined. VWRD.L charges 0.22%/yr vs 1.00%/yr for FFND.

Performance

VWRD.L vs. FFND - Performance Comparison

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

Returns By Period

In the year-to-date period, VWRD.L achieves a 11.63% return, which is significantly higher than FFND's 7.78% 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%

FFND

• 1D: 1.01%
• 1M: 3.86%
• YTD: 7.78%
• 6M: 7.46%
• 1Y: 21.90%
• 3Y*: 22.14%
• 5Y*: —
• 10Y*: —

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

VWRD.L vs. FFND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VWRD.L Vanguard FTSE All-World UCITS ETF	11.63%	22.38%	17.65%	22.31%	-18.19%	3.16%
FFND The Future Fund Active ETF	7.78%	19.38%	24.05%	40.05%	-39.84%	-4.81%

Correlation

The correlation between VWRD.L and FFND is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (All Time) Calculated using the full available price history since Aug 25, 2021	0.56

The correlation between VWRD.L and FFND has been stable across timeframes, ranging from 0.56 to 0.65 - a consistent structural relationship.

VWRD.L vs. FFND - Sectors Allocation Comparison

Sectors	VWRD.L	FFND
Technology	30.2%	26.1%
Financial Services	16.1%	13.7%
Industrials	10.2%	14.2%
Consumer Cyclical	9.1%	12.7%
Communication Services	8.9%	10.9%
Healthcare	8.1%	11.0%
Consumer Defensive	4.9%	4.4%
Energy	4.3%	1.7%
Basic Materials	3.6%	1.7%
Utilities	2.9%	2.0%
Real Estate	1.6%	1.5%

Return for Risk

VWRD.L vs. FFND — 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

FFND

FFND Risk / Return Rank: 50
FFND Sharpe Ratio Rank: 50
FFND Sortino Ratio Rank: 51
FFND Omega Ratio Rank: 51
FFND Calmar Ratio Rank: 43
FFND Martin Ratio Rank: 54

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. FFND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWRD.L) and The Future Fund Active ETF (FFND). 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	FFND	Difference
Sharpe ratio: Return per unit of total volatility	2.30	1.70	+0.60
Sortino ratio: Return per unit of downside risk	3.40	2.45	+0.95
Omega ratio: Gain probability vs. loss probability	1.43	1.31	+0.11
Calmar ratio: Return relative to maximum drawdown	3.24	2.09	+1.15
Martin ratio: Return relative to average drawdown	13.61	9.16	+4.45
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. FFND - Sharpe Ratio Comparison

The current VWRD.L Sharpe Ratio is 2.30, which is higher than the FFND Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of VWRD.L and FFND, 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	FFND	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	1.70	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.80	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.21	+0.60

Drawdowns

VWRD.L vs. FFND - Drawdown Comparison

The maximum VWRD.L drawdown since its inception was -33.83%, smaller than the maximum FFND drawdown of -47.84%. Use the drawdown chart below to compare losses from any high point for VWRD.L and FFND.

Drawdown Indicators

	VWRD.L	FFND	Difference
Max Drawdown Largest peak-to-trough decline	-33.83%	-47.84%	+14.01%
Max Drawdown (1Y) Largest decline over 1 year	-8.80%	-10.53%	+1.73%
Max Drawdown (3Y) Largest decline over 3 years	-16.25%	-18.90%	+2.65%
Max Drawdown (5Y) Largest decline over 5 years	-26.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.83%	—	—
Current Drawdown Current decline from peak	-0.78%	-0.07%	-0.71%
Average Drawdown Average peak-to-trough decline	-4.62%	-18.77%	+14.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	2.40%	-0.30%

Volatility

VWRD.L vs. FFND - Volatility Comparison

Vanguard FTSE All-World UCITS ETF (VWRD.L) and The Future Fund Active ETF (FFND) have volatilities of 3.88% and 3.88%, 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.

Volatility by Period

	VWRD.L	FFND	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	3.88%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	9.80%	10.24%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	12.39%	12.93%	-0.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.32%	25.04%	-9.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.72%	25.04%	-9.32%

VWRD.L vs. FFND - Expense Ratio Comparison

VWRD.L has a 0.22% expense ratio, which is lower than FFND's 1.00% expense ratio.

Dividends

VWRD.L vs. FFND - Dividend Comparison

VWRD.L's dividend yield for the trailing twelve months is around 1.24%, more than FFND's 0.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFND The Future Fund Active ETF	0.60%	0.65%	0.00%	0.00%	0.00%	0.03%	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 FFND in my portfolio?

VWRD.L and FFND have a correlation of 0.65, 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 FFND?

On fees, VWRD.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VWRD.L or FFND?

VWRD.L is cheaper with a 0.22% expense ratio, compared with 1.00% for FFND.

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

VWRD.L is categorized as Global Equities, while FFND is Large Cap Growth Equities. They also come from different issuers: Vanguard and The Future Fund. Their fees differ too: 0.22% for VWRD.L and 1.00% for FFND.