VWRD.L vs. VWRA.L

Last updated Jun 5, 2026

VWRD.L (Vanguard FTSE All-World UCITS ETF) and VWRA.L (Vanguard FTSE All-World UCITS ETF USD Accumulating) are both Global Equities funds from Vanguard tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, VWRD.L returned 11.25%/yr vs 11.25%/yr for VWRA.L. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.22% expense ratio.

Performance

VWRD.L vs. VWRA.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 FTSE All-World UCITS ETF USD Accumulating (VWRA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with VWRD.L having a 11.63% return and VWRA.L slightly lower at 11.59%.

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%

VWRA.L

• 1D: -0.08%
• 1M: 4.27%
• YTD: 11.59%
• 6M: 13.04%
• 1Y: 28.67%
• 3Y*: 21.09%
• 5Y*: 11.25%
• 10Y*: —

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

VWRD.L vs. VWRA.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%	7.33%
VWRA.L Vanguard FTSE All-World UCITS ETF USD Accumulating	11.59%	22.45%	17.65%	22.28%	-18.11%	18.46%	16.19%	7.33%

Correlation

The correlation between VWRD.L and VWRA.L is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jul 29, 2019	0.99

The correlation between VWRD.L and VWRA.L has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

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

Sectors	VWRD.L	VWRA.L
Technology	30.2%	31.1%
Financial Services	16.1%	16.0%
Industrials	10.2%	9.8%
Consumer Cyclical	9.1%	9.1%
Communication Services	8.9%	9.1%
Healthcare	8.1%	8.2%
Consumer Defensive	4.9%	4.8%
Energy	4.3%	4.3%
Basic Materials	3.6%	3.3%
Utilities	2.9%	2.7%
Real Estate	1.6%	1.4%

Return for Risk

VWRD.L vs. VWRA.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: 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

VWRA.L

VWRA.L Risk / Return Rank: 72
VWRA.L Sharpe Ratio Rank: 72
VWRA.L Sortino Ratio Rank: 77
VWRA.L Omega Ratio Rank: 72
VWRA.L Calmar Ratio Rank: 66
VWRA.L Martin Ratio Rank: 74

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. VWRA.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 FTSE All-World UCITS ETF USD Accumulating (VWRA.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	VWRA.L	Difference
Sharpe ratio: Return per unit of total volatility	2.30	2.31	-0.01
Sortino ratio: Return per unit of downside risk	3.40	3.42	-0.02
Omega ratio: Gain probability vs. loss probability	1.43	1.43	0.00
Calmar ratio: Return relative to maximum drawdown	3.24	3.25	-0.01
Martin ratio: Return relative to average drawdown	13.61	13.63	-0.03
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. VWRA.L - Sharpe Ratio Comparison

The current VWRD.L Sharpe Ratio is 2.30, which is comparable to the VWRA.L Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of VWRD.L and VWRA.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.

Sharpe Ratios by Period

	VWRD.L	VWRA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	2.31	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.73	0.00
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	0.78	+0.04

Drawdowns

VWRD.L vs. VWRA.L - Drawdown Comparison

The maximum VWRD.L drawdown since its inception was -33.83%, roughly equal to the maximum VWRA.L drawdown of -33.62%. Use the drawdown chart below to compare losses from any high point for VWRD.L and VWRA.L.

Drawdown Indicators

	VWRD.L	VWRA.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.83%	-33.62%	-0.21%
Max Drawdown (1Y) Largest decline over 1 year	-8.80%	-8.78%	-0.02%
Max Drawdown (3Y) Largest decline over 3 years	-16.25%	-16.26%	+0.01%
Max Drawdown (5Y) Largest decline over 5 years	-26.02%	-26.06%	+0.04%
Max Drawdown (10Y) Largest decline over 10 years	-33.83%	—	—
Current Drawdown Current decline from peak	-0.78%	-0.75%	-0.03%
Average Drawdown Average peak-to-trough decline	-4.62%	-5.39%	+0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.10%	2.10%	0.00%

Volatility

VWRD.L vs. VWRA.L - Volatility Comparison

Vanguard FTSE All-World UCITS ETF (VWRD.L) and Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) have volatilities of 3.88% and 3.87%, 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	VWRA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	3.87%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	9.80%	9.78%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	12.39%	12.36%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.32%	15.36%	-0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.72%	17.28%	-1.56%

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

Both VWRD.L and VWRA.L have an expense ratio of 0.22%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VWRD.L vs. VWRA.L - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VWRA.L Vanguard FTSE All-World UCITS ETF USD Accumulating	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

Can I hold both VWRD.L and VWRA.L in my portfolio?

With a correlation of 1.00, VWRD.L and VWRA.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, VWRD.L or VWRA.L?

Both ETFs have the same 0.22% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

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

VWRD.L and VWRA.L have the same expense ratio: 0.22% per year.

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

Both ETFs track FTSE All-World Index.