VWRD.L vs. V3GS.L

Last updated Jul 16, 2026

VWRD.L (Vanguard FTSE All-World UCITS ETF) and V3GS.L (Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating) are both exchange-traded funds - VWRD.L is a Global Equities fund tracking the FTSE All-World Index, while V3GS.L is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR Hdg GBP. Both are passively managed. Over the past 5 years, VWRD.L returned 11.00%/yr vs 3.08%/yr for V3GS.L. At a 0.43 correlation, their price movements are largely independent. VWRD.L charges 0.22%/yr vs 0.15%/yr for V3GS.L.

Performance

VWRD.L vs. V3GS.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 Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating (V3GS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VWRD.L is traded in USD, while V3GS.L is traded in GBP. To make them comparable, the V3GS.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 11.15% return, which is significantly higher than V3GS.L's 1.76% return.

VWRD.L

• 1D: 0.08%
• 1M: -0.69%
• 6M: 9.54%
• YTD: 11.15%
• 1Y: 23.52%
• 3Y*: 18.95%
• 5Y*: 11.00%
• 10Y*: 12.44%

V3GS.L

• 1D: 1.14%
• 1M: 0.32%
• 6M: 1.48%
• YTD: 1.76%
• 1Y: 7.75%
• 3Y*: 10.09%
• 5Y*: 3.08%
• 10Y*: —

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

VWRD.L vs. V3GS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VWRD.L Vanguard FTSE All-World UCITS ETF	11.15%	22.39%	17.65%	22.31%	-18.19%	9.86%
V3GS.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating	1.76%	18.80%	6.00%	18.18%	-21.88%	-2.52%

Correlation

The correlation between VWRD.L and V3GS.L is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since May 20, 2021	0.43

Return for Risk

VWRD.L vs. V3GS.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: 71
VWRD.L Sharpe Ratio Rank: 71
VWRD.L Sortino Ratio Rank: 76
VWRD.L Omega Ratio Rank: 71
VWRD.L Calmar Ratio Rank: 66
VWRD.L Martin Ratio Rank: 73

V3GS.L

V3GS.L Risk / Return Rank: 66
V3GS.L Sharpe Ratio Rank: 59
V3GS.L Sortino Ratio Rank: 64
V3GS.L Omega Ratio Rank: 66
V3GS.L Calmar Ratio Rank: 74
V3GS.L Martin Ratio Rank: 69

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. V3GS.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 Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating (V3GS.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.

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	V3GS.L	Difference
Sharpe ratio: Return per unit of total volatility	1.82	0.89	+0.93
Sortino ratio: Return per unit of downside risk	2.72	1.36	+1.37
Omega ratio: Gain probability vs. loss probability	1.33	1.16	+0.18
Calmar ratio: Return relative to maximum drawdown	2.66	1.46	+1.20
Martin ratio: Return relative to average drawdown	10.62	3.81	+6.81

VWRD.L vs. V3GS.L - Sharpe Ratio Comparison

The current VWRD.L Sharpe Ratio is 1.82, which is higher than the V3GS.L Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of VWRD.L and V3GS.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.

Drawdowns

VWRD.L vs. V3GS.L - Drawdown Comparison

The maximum VWRD.L drawdown since its inception was -33.83%, smaller than the maximum V3GS.L drawdown of -36.25%. Use the drawdown chart below to compare losses from any high point for VWRD.L and V3GS.L.

Drawdown Indicators

	VWRD.L	V3GS.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.83%	-36.25%	+2.42%
Max Drawdown (1Y) Largest decline over 1 year	-8.80%	-5.28%	-3.52%
Max Drawdown (3Y) Largest decline over 3 years	-16.25%	-10.59%	-5.66%
Max Drawdown (5Y) Largest decline over 5 years	-26.02%	-36.18%	+10.16%
Max Drawdown (10Y) Largest decline over 10 years	-33.83%	—	—
Current Drawdown Current decline from peak	-1.20%	-1.28%	+0.08%
Average Drawdown Average peak-to-trough decline	-4.49%	-10.26%	+5.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	2.03%	+0.18%

Volatility

VWRD.L vs. V3GS.L - Volatility Comparison

Vanguard FTSE All-World UCITS ETF (VWRD.L) has a higher volatility of 3.23% compared to Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating (V3GS.L) at 2.27%. This indicates that VWRD.L's price experiences larger fluctuations and is considered to be riskier than V3GS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWRD.L	V3GS.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.23%	2.27%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	10.64%	6.59%	+4.05%
Volatility (1Y) Calculated over the trailing 1-year period	12.89%	8.69%	+4.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.41%	11.71%	+3.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.58%	11.58%	+4.00%

VWRD.L vs. V3GS.L - Expense Ratio Comparison

VWRD.L has a 0.22% expense ratio, which is higher than V3GS.L's 0.15% 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. V3GS.L - Dividend Comparison

VWRD.L's dividend yield for the trailing twelve months is around 1.27%, less than V3GS.L's 2.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
V3GS.L Vanguard ESG Global Corporate Bond UCITS ETF GBP Hedged Accumulating	2.53%	3.59%	4.25%	4.00%	2.43%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VWRD.L Vanguard FTSE All-World UCITS ETF	1.27%	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 V3GS.L in my portfolio?

VWRD.L and V3GS.L have a correlation of 0.46, 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 V3GS.L?

On fees, V3GS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VWRD.L or V3GS.L?

V3GS.L is cheaper with a 0.15% expense ratio, compared with 0.22% for VWRD.L.

What is the main difference between VWRD.L and V3GS.L?

VWRD.L is categorized as Global Equities, while V3GS.L is Global Corporate Bonds. VWRD.L tracks FTSE All-World Index, while V3GS.L tracks Bloomberg Gbl Agg Corp TR Hdg GBP. Their fees differ too: 0.22% for VWRD.L and 0.15% for V3GS.L.