VWRD.L vs. VDCA.L
VWRD.L (Vanguard FTSE All-World UCITS ETF) and VDCA.L (Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation) are both exchange-traded funds - VWRD.L is a Global Equities fund tracking the FTSE All-World Index, while VDCA.L is a Short-Term Bond fund tracking the Bloomberg Global Aggregate Corporate - United States Dollar Index 1-3 Year. Both are passively managed. Over the past 5 years, VWRD.L returned 11.25%/yr vs 2.55%/yr for VDCA.L. At a 0.12 correlation, their price movements are largely independent. VWRD.L charges 0.22%/yr vs 0.09%/yr for VDCA.L.
Performance
VWRD.L vs. VDCA.L - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VWRD.L achieves a 11.63% return, which is significantly higher than VDCA.L's 0.68% 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%
VDCA.L
- 1D
- -0.09%
- 1M
- 0.05%
- YTD
- 0.68%
- 6M
- 1.01%
- 1Y
- 4.12%
- 3Y*
- 5.27%
- 5Y*
- 2.55%
- 10Y*
- —
VWRD.L vs. VDCA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWRD.L Vanguard FTSE All-World UCITS ETF | 11.63% | 22.38% | 17.65% | 22.31% | -18.19% | 18.52% | 16.13% | 14.90% |
VDCA.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation | 0.68% | 5.87% | 5.54% | 5.39% | -3.80% | -0.21% | 3.56% | 4.32% |
Correlation
The correlation between VWRD.L and VDCA.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2019 | 0.12 |
The correlation between VWRD.L and VDCA.L shifts across timeframes, from 0.12 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VWRD.L vs. VDCA.L — Risk / Return Rank
VWRD.L
VDCA.L
VWRD.L vs. VDCA.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 USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation (VDCA.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.L | VDCA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.53 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 5.07 | -1.83 |
| Martin ratioReturn relative to average drawdown | 13.61 | 19.78 | -6.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VWRD.L | VDCA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.60 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 1.21 | -0.47 |
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 | 0.83 | -0.01 |
Drawdowns
VWRD.L vs. VDCA.L - Drawdown Comparison
The maximum VWRD.L drawdown since its inception was -33.83%, which is greater than VDCA.L's maximum drawdown of -9.85%. Use the drawdown chart below to compare losses from any high point for VWRD.L and VDCA.L.
Loading charts...
Drawdown Indicators
| VWRD.L | VDCA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.83% | -9.85% | -23.98% |
Max Drawdown (1Y)Largest decline over 1 year | -8.80% | -0.80% | -8.00% |
Max Drawdown (3Y)Largest decline over 3 years | -16.25% | -1.14% | -15.11% |
Max Drawdown (5Y)Largest decline over 5 years | -26.02% | -6.43% | -19.59% |
Max Drawdown (10Y)Largest decline over 10 years | -33.83% | — | — |
Current DrawdownCurrent decline from peak | -0.78% | -0.34% | -0.44% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -1.06% | -3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 0.21% | +1.89% |
Volatility
VWRD.L vs. VDCA.L - Volatility Comparison
Vanguard FTSE All-World UCITS ETF (VWRD.L) has a higher volatility of 3.88% compared to Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation (VDCA.L) at 0.56%. This indicates that VWRD.L's price experiences larger fluctuations and is considered to be riskier than VDCA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VWRD.L | VDCA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 0.56% | +3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 1.10% | +8.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.39% | 1.57% | +10.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.32% | 2.11% | +13.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.72% | 3.46% | +12.26% |
VWRD.L vs. VDCA.L - Expense Ratio Comparison
VWRD.L has a 0.22% expense ratio, which is higher than VDCA.L's 0.09% 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. VDCA.L - Dividend Comparison
VWRD.L's dividend yield for the trailing twelve months is around 1.24%, while VDCA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VDCA.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD Accumulation | 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 VDCA.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDCA.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDCA.L is cheaper with a 0.09% expense ratio, compared with 0.22% for VWRD.L.
VWRD.L is categorized as Global Equities, while VDCA.L is Short-Term Bond. VWRD.L tracks FTSE All-World Index, while VDCA.L tracks Bloomberg Global Aggregate Corporate - United States Dollar Index 1-3 Year. Their fees differ too: 0.22% for VWRD.L and 0.09% for VDCA.L.
Find the right allocation for VWRD.L and VDCA.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer