VWRD.L vs. RSP

Last updated Jun 13, 2026

VWRD.L (Vanguard FTSE All-World UCITS ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - VWRD.L is a Global Equities fund tracking the FTSE All-World Index, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, VWRD.L returned 12.94%/yr vs 12.15%/yr for RSP. A 0.56 correlation means they provide meaningful diversification when combined. VWRD.L charges 0.22%/yr vs 0.20%/yr for RSP.

Performance

VWRD.L vs. RSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE All-World UCITS ETF (VWRD.L) and Invesco S&P 500 Equal Weight ETF (RSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VWRD.L achieves a 10.27% return, which is significantly lower than RSP's 10.96% return. Over the past 10 years, VWRD.L has outperformed RSP with an annualized return of 12.94%, while RSP has yielded a comparatively lower 12.15% annualized return.

VWRD.L

• 1D: 2.38%
• 1M: 0.88%
• YTD: 10.27%
• 6M: 11.90%
• 1Y: 25.73%
• 3Y*: 19.78%
• 5Y*: 10.91%
• 10Y*: 12.94%

RSP

• 1D: 0.91%
• 1M: 3.92%
• YTD: 10.96%
• 6M: 10.34%
• 1Y: 21.34%
• 3Y*: 14.66%
• 5Y*: 8.59%
• 10Y*: 12.15%

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

VWRD.L vs. RSP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VWRD.L Vanguard FTSE All-World UCITS ETF	10.27%	22.39%	17.65%	22.31%	-18.19%	18.52%	16.13%	25.67%	-9.70%	24.35%
RSP Invesco S&P 500 Equal Weight ETF	10.96%	11.21%	12.79%	13.70%	-11.62%	29.41%	12.66%	28.91%	-7.84%	18.52%

Correlation

The correlation between VWRD.L and RSP is 0.50, 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	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since May 22, 2012	0.56

The correlation between VWRD.L and RSP has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.

VWRD.L vs. RSP - Sectors Allocation Comparison

Sectors	VWRD.L	RSP
Technology	30.2%	20.4%
Financial Services	16.1%	14.2%
Industrials	10.2%	14.1%
Consumer Cyclical	9.1%	10.1%
Communication Services	8.9%	3.6%
Healthcare	8.1%	10.9%
Consumer Defensive	4.9%	6.4%
Energy	4.3%	4.2%
Basic Materials	3.6%	4.1%
Utilities	2.9%	5.9%
Real Estate	1.6%	5.9%

Return for Risk

VWRD.L vs. RSP — 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: 78
VWRD.L Omega Ratio Rank: 72
VWRD.L Calmar Ratio Rank: 67
VWRD.L Martin Ratio Rank: 73

RSP

RSP Risk / Return Rank: 58
RSP Sharpe Ratio Rank: 57
RSP Sortino Ratio Rank: 59
RSP Omega Ratio Rank: 54
RSP Calmar Ratio Rank: 59
RSP Martin Ratio Rank: 62

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. RSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWRD.L) and Invesco S&P 500 Equal Weight ETF (RSP). 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	RSP	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.69	+0.32
Sortino ratio: Return per unit of downside risk	3.00	2.44	+0.56
Omega ratio: Gain probability vs. loss probability	1.37	1.29	+0.07
Calmar ratio: Return relative to maximum drawdown	2.91	2.54	+0.37
Martin ratio: Return relative to average drawdown	11.88	9.63	+2.25

VWRD.L vs. RSP - Sharpe Ratio Comparison

The current VWRD.L Sharpe Ratio is 2.01, which is comparable to the RSP Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of VWRD.L and RSP, 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. RSP - Drawdown Comparison

The maximum VWRD.L drawdown since its inception was -33.83%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for VWRD.L and RSP.

Drawdown Indicators

	VWRD.L	RSP	Difference
Max Drawdown Largest peak-to-trough decline	-33.83%	-59.92%	+26.09%
Max Drawdown (1Y) Largest decline over 1 year	-8.80%	-7.85%	-0.95%
Max Drawdown (3Y) Largest decline over 3 years	-16.25%	-17.81%	+1.56%
Max Drawdown (5Y) Largest decline over 5 years	-26.02%	-21.38%	-4.64%
Max Drawdown (10Y) Largest decline over 10 years	-33.83%	-39.04%	+5.21%
Current Drawdown Current decline from peak	-1.99%	0.00%	-1.99%
Average Drawdown Average peak-to-trough decline	-4.51%	-6.64%	+2.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	2.07%	+0.09%

Volatility

VWRD.L vs. RSP - Volatility Comparison

Vanguard FTSE All-World UCITS ETF (VWRD.L) has a higher volatility of 4.40% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 3.57%. This indicates that VWRD.L's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWRD.L	RSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	3.57%	+0.83%
Volatility (6M) Calculated over the trailing 6-month period	10.29%	8.59%	+1.70%
Volatility (1Y) Calculated over the trailing 1-year period	12.77%	11.83%	+0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.38%	16.22%	-0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.73%	18.36%	-2.63%

VWRD.L vs. RSP - Expense Ratio Comparison

VWRD.L has a 0.22% expense ratio, which is higher than RSP's 0.20% 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. RSP - Dividend Comparison

VWRD.L's dividend yield for the trailing twelve months is around 1.25%, less than RSP's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSP Invesco S&P 500 Equal Weight ETF	1.47%	1.64%	1.52%	1.64%	1.82%	1.28%	1.64%	1.69%	2.02%	1.52%	1.20%	1.70%
VWRD.L Vanguard FTSE All-World UCITS ETF	1.25%	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 RSP in my portfolio?

VWRD.L and RSP have a correlation of 0.50, 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 RSP?

On fees, RSP is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VWRD.L or RSP?

RSP is cheaper with a 0.20% expense ratio, compared with 0.22% for VWRD.L.

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

VWRD.L is categorized as Global Equities, while RSP is S&P 500. VWRD.L tracks FTSE All-World Index, while RSP tracks S&P 500 Equal Weight Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.22% for VWRD.L and 0.20% for RSP.