VWRD.L vs. XLP

Last updated Jun 13, 2026

VWRD.L (Vanguard FTSE All-World UCITS ETF) and XLP (State Street Consumer Staples Select Sector SPDR ETF) are both exchange-traded funds - VWRD.L is a Global Equities fund tracking the FTSE All-World Index, while XLP is a Consumer Staples Equities fund tracking the Consumer Staples Select Sector Index. Both are passively managed. Over the past 10 years, VWRD.L returned 12.94%/yr vs 7.60%/yr for XLP. At a 0.29 correlation, their price movements are largely independent. VWRD.L charges 0.22%/yr vs 0.08%/yr for XLP.

Performance

VWRD.L vs. XLP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE All-World UCITS ETF (VWRD.L) and State Street Consumer Staples Select Sector SPDR ETF (XLP). 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 XLP's 11.10% return. Over the past 10 years, VWRD.L has outperformed XLP with an annualized return of 12.94%, while XLP has yielded a comparatively lower 7.60% 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%

XLP

• 1D: 0.65%
• 1M: 0.99%
• YTD: 11.10%
• 6M: 9.54%
• 1Y: 8.93%
• 3Y*: 8.26%
• 5Y*: 6.65%
• 10Y*: 7.60%

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

VWRD.L vs. XLP - 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%
XLP State Street Consumer Staples Select Sector SPDR ETF	11.10%	1.52%	12.20%	-0.82%	-0.81%	17.20%	10.11%	27.43%	-8.07%	12.98%

Correlation

The correlation between VWRD.L and XLP is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since May 22, 2012	0.29

Over the past year, the correlation between VWRD.L and XLP has dropped to 0.01 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.

VWRD.L vs. XLP - Sectors Allocation Comparison

Sectors	VWRD.L	XLP
Technology	30.2%	-
Financial Services	16.1%	-
Industrials	10.2%	-
Consumer Cyclical	9.1%	1.0%
Communication Services	8.9%	-
Healthcare	8.1%	-
Consumer Defensive	4.9%	99.0%
Energy	4.3%	-
Basic Materials	3.6%	-
Utilities	2.9%	-
Real Estate	1.6%	-

Return for Risk

VWRD.L vs. XLP — 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

XLP

XLP Risk / Return Rank: 19
XLP Sharpe Ratio Rank: 20
XLP Sortino Ratio Rank: 20
XLP Omega Ratio Rank: 18
XLP Calmar Ratio Rank: 20
XLP Martin Ratio Rank: 17

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. XLP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWRD.L) and State Street Consumer Staples Select Sector SPDR ETF (XLP). 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	XLP	Difference
Sharpe ratio: Return per unit of total volatility	2.01	0.59	+1.41
Sortino ratio: Return per unit of downside risk	3.00	0.94	+2.07
Omega ratio: Gain probability vs. loss probability	1.37	1.11	+0.26
Calmar ratio: Return relative to maximum drawdown	2.91	0.79	+2.12
Martin ratio: Return relative to average drawdown	11.88	1.52	+10.36

VWRD.L vs. XLP - Sharpe Ratio Comparison

The current VWRD.L Sharpe Ratio is 2.01, which is higher than the XLP Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of VWRD.L and XLP, 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. XLP - Drawdown Comparison

The maximum VWRD.L drawdown since its inception was -33.83%, smaller than the maximum XLP drawdown of -35.90%. Use the drawdown chart below to compare losses from any high point for VWRD.L and XLP.

Drawdown Indicators

	VWRD.L	XLP	Difference
Max Drawdown Largest peak-to-trough decline	-33.83%	-35.90%	+2.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.80%	-9.69%	+0.89%
Max Drawdown (3Y) Largest decline over 3 years	-16.25%	-12.39%	-3.86%
Max Drawdown (5Y) Largest decline over 5 years	-26.02%	-16.30%	-9.72%
Max Drawdown (10Y) Largest decline over 10 years	-33.83%	-24.51%	-9.32%
Current Drawdown Current decline from peak	-1.99%	-4.12%	+2.13%
Average Drawdown Average peak-to-trough decline	-4.51%	-7.06%	+2.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.16%	5.01%	-2.85%

Volatility

VWRD.L vs. XLP - Volatility Comparison

Vanguard FTSE All-World UCITS ETF (VWRD.L) and State Street Consumer Staples Select Sector SPDR ETF (XLP) have volatilities of 4.40% and 4.53%, 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	XLP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	4.53%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	10.29%	10.14%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	12.77%	12.90%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.38%	13.34%	+2.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.73%	14.75%	+0.98%

VWRD.L vs. XLP - Expense Ratio Comparison

VWRD.L has a 0.22% expense ratio, which is higher than XLP's 0.08% 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. XLP - Dividend Comparison

VWRD.L's dividend yield for the trailing twelve months is around 1.25%, less than XLP's 2.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
XLP State Street Consumer Staples Select Sector SPDR ETF	2.53%	2.75%	2.77%	2.63%	2.47%	2.28%	2.50%	2.57%	3.04%	2.62%	2.53%	2.52%

Frequently Asked Questions

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

VWRD.L and XLP have a correlation of 0.01, 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 XLP?

On fees, XLP is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VWRD.L or XLP?

XLP is cheaper with a 0.08% expense ratio, compared with 0.22% for VWRD.L.

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

VWRD.L is categorized as Global Equities, while XLP is Consumer Staples Equities. VWRD.L tracks FTSE All-World Index, while XLP tracks Consumer Staples Select Sector Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.22% for VWRD.L and 0.08% for XLP.