VWRL.AS vs. FWRG

Last updated Jun 5, 2026

VWRL.AS (Vanguard FTSE All-World UCITS ETF (USD) Distributing) is Global Equities fund tracking the FTSE All-World Index, while FWRG (First Watch Restaurant Group, Inc.) is a stock. Over the past 3 years, VWRL.AS returned 17.84%/yr vs -19.37%/yr for FWRG. At a 0.24 correlation, their price movements are largely independent.

Performance

VWRL.AS vs. FWRG - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS) and First Watch Restaurant Group, Inc. (FWRG). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VWRL.AS is traded in EUR, while FWRG is traded in USD. To make them comparable, the FWRG values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, VWRL.AS achieves a 12.89% return, which is significantly higher than FWRG's -31.32% return.

VWRL.AS

• 1D: -0.19%
• 1M: 5.02%
• YTD: 12.89%
• 6M: 13.40%
• 1Y: 26.44%
• 3Y*: 17.84%
• 5Y*: 12.29%
• 10Y*: 12.39%

FWRG

• 1D: -2.89%
• 1M: -15.37%
• YTD: -31.32%
• 6M: -43.24%
• 1Y: -35.30%
• 3Y*: -19.37%
• 5Y*: —
• 10Y*: —

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

VWRL.AS vs. FWRG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing	12.89%	8.40%	25.57%	18.07%	-13.65%	9.20%
FWRG First Watch Restaurant Group, Inc.	-31.32%	-28.58%	-1.30%	44.10%	-14.27%	-22.75%

Correlation

The correlation between VWRL.AS and FWRG is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (All Time) Calculated using the full available price history since Oct 4, 2021	0.24

Return for Risk

VWRL.AS vs. FWRG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VWRL.AS

VWRL.AS Risk / Return Rank: 77
VWRL.AS Sharpe Ratio Rank: 73
VWRL.AS Sortino Ratio Rank: 74
VWRL.AS Omega Ratio Rank: 75
VWRL.AS Calmar Ratio Rank: 79
VWRL.AS Martin Ratio Rank: 82

FWRG

FWRG Risk / Return Rank: 13
FWRG Sharpe Ratio Rank: 14
FWRG Sortino Ratio Rank: 16
FWRG Omega Ratio Rank: 17
FWRG Calmar Ratio Rank: 15
FWRG Martin Ratio Rank: 5

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.

VWRL.AS vs. FWRG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS) and First Watch Restaurant Group, Inc. (FWRG). 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.

	VWRL.AS	FWRG	Difference
Sharpe ratio: Return per unit of total volatility	2.34	-0.68	+3.01
Sortino ratio: Return per unit of downside risk	3.28	-0.79	+4.06
Omega ratio: Gain probability vs. loss probability	1.44	0.91	+0.54
Calmar ratio: Return relative to maximum drawdown	4.00	-0.76	+4.76
Martin ratio: Return relative to average drawdown	16.48	-1.55	+18.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VWRL.AS vs. FWRG - Sharpe Ratio Comparison

The current VWRL.AS Sharpe Ratio is 2.34, which is higher than the FWRG Sharpe Ratio of -0.68. The chart below compares the historical Sharpe Ratios of VWRL.AS and FWRG, 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

	VWRL.AS	FWRG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	-0.68	+3.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	-0.32	+1.09

Drawdowns

VWRL.AS vs. FWRG - Drawdown Comparison

The maximum VWRL.AS drawdown since its inception was -33.27%, smaller than the maximum FWRG drawdown of -63.15%. Use the drawdown chart below to compare losses from any high point for VWRL.AS and FWRG.

Drawdown Indicators

	VWRL.AS	FWRG	Difference
Max Drawdown Largest peak-to-trough decline	-33.27%	-63.15%	+29.88%
Max Drawdown (1Y) Largest decline over 1 year	-6.53%	-46.44%	+39.91%
Max Drawdown (3Y) Largest decline over 3 years	-21.00%	-63.15%	+42.15%
Max Drawdown (5Y) Largest decline over 5 years	-21.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.27%	—	—
Current Drawdown Current decline from peak	-0.61%	-63.15%	+62.54%
Average Drawdown Average peak-to-trough decline	-4.38%	-27.24%	+22.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.59%	22.79%	-21.20%

Volatility

VWRL.AS vs. FWRG - Volatility Comparison

The current volatility for Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS) is 3.07%, while First Watch Restaurant Group, Inc. (FWRG) has a volatility of 12.35%. This indicates that VWRL.AS experiences smaller price fluctuations and is considered to be less risky than FWRG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWRL.AS	FWRG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.07%	12.35%	-9.28%
Volatility (6M) Calculated over the trailing 6-month period	8.03%	40.33%	-32.30%
Volatility (1Y) Calculated over the trailing 1-year period	11.16%	52.35%	-41.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.70%	47.51%	-33.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.82%	47.51%	-32.69%

Dividends

VWRL.AS vs. FWRG - Dividend Comparison

VWRL.AS's dividend yield for the trailing twelve months is around 1.24%, while FWRG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FWRG First Watch Restaurant Group, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing	1.24%	1.42%	1.47%	1.74%	2.10%	1.43%	1.56%	1.89%	2.24%	1.93%	1.95%	2.03%

Frequently Asked Questions

Can I hold both VWRL.AS and FWRG in my portfolio?

VWRL.AS and FWRG have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.