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VWRD.L vs. MVOL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VWRD.L vs. MVOL.L

Last updated Jun 5, 2026

VWRD.L (Vanguard FTSE All-World UCITS ETF) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both Global Equities funds - VWRD.L tracks the FTSE All-World Index while MVOL.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, VWRD.L returned 12.64%/yr vs 7.05%/yr for MVOL.L. A 0.76 correlation means they provide meaningful diversification when combined. VWRD.L charges 0.22%/yr vs 0.35%/yr for MVOL.L.

Performance

VWRD.L vs. MVOL.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 iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VWRD.L achieves a 11.63% return, which is significantly higher than MVOL.L's 0.67% return. Over the past 10 years, VWRD.L has outperformed MVOL.L with an annualized return of 12.64%, while MVOL.L has yielded a comparatively lower 7.05% 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%

MVOL.L

1D
0.04%
1M
0.76%
YTD
0.67%
6M
1.44%
1Y
1.44%
3Y*
9.30%
5Y*
5.18%
10Y*
7.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
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%
MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS		0.67%11.02%11.08%7.28%-9.62%14.65%2.56%22.56%-2.40%17.41%

Correlation

The correlation between VWRD.L and MVOL.L is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.42

Correlation (3Y)
Calculated over the trailing 3-year period

0.56

Correlation (5Y)
Calculated over the trailing 5-year period

0.70

Correlation (10Y)
Calculated over the trailing 10-year period

0.76

Correlation (All Time)
Calculated using the full available price history since Dec 14, 2012

0.76

Over the past year, the correlation between VWRD.L and MVOL.L has dropped to 0.42 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

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

Sectors
VWRD.L
MVOL.L

Technology

30.2%
20.1%

Financial Services

16.1%
14.0%

Industrials

10.2%
9.2%

Consumer Cyclical

9.1%
5.6%

Communication Services

8.9%
12.1%

Healthcare

8.1%
13.8%

Consumer Defensive

4.9%
10.9%

Energy

4.3%
4.5%

Basic Materials

3.6%
1.1%

Utilities

2.9%
8.0%

Real Estate

1.6%
0.7%

Technology

VWRD.L
30.2%
MVOL.L
20.1%

Financial Services

VWRD.L
16.1%
MVOL.L
14.0%

Industrials

VWRD.L
10.2%
MVOL.L
9.2%

Consumer Cyclical

VWRD.L
9.1%
MVOL.L
5.6%

Communication Services

VWRD.L
8.9%
MVOL.L
12.1%

Healthcare

VWRD.L
8.1%
MVOL.L
13.8%

Consumer Defensive

VWRD.L
4.9%
MVOL.L
10.9%

Energy

VWRD.L
4.3%
MVOL.L
4.5%

Basic Materials

VWRD.L
3.6%
MVOL.L
1.1%

Utilities

VWRD.L
2.9%
MVOL.L
8.0%

Real Estate

VWRD.L
1.6%
MVOL.L
0.7%

Compare stocks, funds, or ETFs

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Vanguard FTSE All-World UCITS ETF

iShares Edge MSCI World Minimum Volatility UCITS

Often compared with VWRD.L:
VWRD.L vs. VWRP.LVWRD.L vs. IWDA.LVWRD.L vs. VOOVWRD.L vs. JEPQVWRD.L vs. JEPG.LVWRD.L vs. EGLN.LVWRD.L vs. SPY
Often compared with MVOL.L:
MVOL.L vs. ACWVMVOL.L vs. IWDA.LMVOL.L vs. XDEB.DEMVOL.L vs. VOOMVOL.L vs. XDEM.LMVOL.L vs. USMVMVOL.L vs. SLXX.L

Return for Risk

VWRD.L vs. MVOL.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: 7272
Overall Rank
VWRD.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
VWRD.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
VWRD.L Omega Ratio Rank: 7373
Omega Ratio Rank
VWRD.L Calmar Ratio Rank: 6666
Calmar Ratio Rank
VWRD.L Martin Ratio Rank: 7373
Martin Ratio Rank
MVOL.L
MVOL.L Risk / Return Rank: 1212
Overall Rank
MVOL.L Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
MVOL.L Sortino Ratio Rank: 1111
Sortino Ratio Rank
MVOL.L Omega Ratio Rank: 1111
Omega Ratio Rank
MVOL.L Calmar Ratio Rank: 1212
Calmar Ratio Rank
MVOL.L Martin Ratio Rank: 1212
Martin Ratio Rank
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. MVOL.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 iShares Edge MSCI World Minimum Volatility UCITS (MVOL.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.LMVOL.LDifference
Sharpe ratioReturn per unit of total volatility
2.30
0.19

+2.12

Sortino ratioReturn per unit of downside risk
3.40
0.31

+3.09

Omega ratioGain probability vs. loss probability

1.43

1.04

+0.39

Calmar ratioReturn relative to maximum drawdown

3.24

0.25

+2.99

Martin ratioReturn relative to average drawdown

13.61

0.61

+13.00

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. MVOL.L - Sharpe Ratio Comparison

The current VWRD.L Sharpe Ratio is 2.30, which is higher than the MVOL.L Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of VWRD.L and MVOL.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.

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Sharpe Ratios by Period

VWRD.LMVOL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.30

0.19

+2.12

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.49

+0.25

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.80

0.60

+0.20

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.73

+0.09

Drawdowns

VWRD.L vs. MVOL.L - Drawdown Comparison

The maximum VWRD.L drawdown since its inception was -33.83%, which is greater than MVOL.L's maximum drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for VWRD.L and MVOL.L.

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Drawdown Indicators

VWRD.LMVOL.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.83%

-28.82%

-5.01%

Max Drawdown (1Y)

Largest decline over 1 year

-8.80%

-5.78%

-3.02%

Max Drawdown (3Y)

Largest decline over 3 years

-16.25%

-8.14%

-8.11%

Max Drawdown (5Y)

Largest decline over 5 years

-26.02%

-18.52%

-7.50%

Max Drawdown (10Y)

Largest decline over 10 years

-33.83%

-28.82%

-5.01%

Current Drawdown

Current decline from peak

-0.78%

-3.86%

+3.08%

Average Drawdown

Average peak-to-trough decline

-4.62%

-3.34%

-1.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.10%

2.36%

-0.26%

Volatility

VWRD.L vs. MVOL.L - Volatility Comparison

Vanguard FTSE All-World UCITS ETF (VWRD.L) has a higher volatility of 3.88% compared to iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) at 2.01%. This indicates that VWRD.L's price experiences larger fluctuations and is considered to be riskier than MVOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VWRD.LMVOL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.88%

2.01%

+1.87%

Volatility (6M)

Calculated over the trailing 6-month period

9.80%

5.58%

+4.22%

Volatility (1Y)

Calculated over the trailing 1-year period

12.39%

7.74%

+4.65%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.32%

10.64%

+4.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.72%

11.65%

+4.07%

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

VWRD.L has a 0.22% expense ratio, which is lower than MVOL.L's 0.35% expense ratio.

Dividends

VWRD.L vs. MVOL.L - Dividend Comparison

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

PositionTTM20252024202320222021202020192018201720162015
MVOL.L
iShares Edge MSCI World Minimum Volatility UCITS		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

VWRD.L and MVOL.L have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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.

VWRD.L is cheaper with a 0.22% expense ratio, compared with 0.35% for MVOL.L.

VWRD.L tracks FTSE All-World Index, while MVOL.L tracks MSCI ACWI NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VWRD.L and 0.35% for MVOL.L.

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