VWRL.AS vs. IMAE.AS
VWRL.AS (Vanguard FTSE All-World UCITS ETF (USD) Distributing) and IMAE.AS (iShares Core MSCI Europe UCITS ETF EUR (Acc)) are both exchange-traded funds - VWRL.AS is a Global Equities fund tracking the FTSE All-World Index, while IMAE.AS is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, VWRL.AS returned 12.81%/yr vs 10.45%/yr for IMAE.AS. Their correlation of 0.83 suggests significant overlap in exposure. VWRL.AS charges 0.19%/yr vs 0.20%/yr for IMAE.AS.
Performance
VWRL.AS vs. IMAE.AS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VWRL.AS achieves a 13.15% return, which is significantly higher than IMAE.AS's 9.68% return. Over the past 10 years, VWRL.AS has outperformed IMAE.AS with an annualized return of 12.81%, while IMAE.AS has yielded a comparatively lower 10.45% annualized return.
VWRL.AS
- 1D
- -0.29%
- 1M
- 1.04%
- YTD
- 13.15%
- 6M
- 13.39%
- 1Y
- 27.21%
- 3Y*
- 18.37%
- 5Y*
- 11.74%
- 10Y*
- 12.81%
IMAE.AS
- 1D
- 0.00%
- 1M
- 1.63%
- YTD
- 9.68%
- 6M
- 10.15%
- 1Y
- 21.55%
- 3Y*
- 15.00%
- 5Y*
- 10.10%
- 10Y*
- 10.45%
VWRL.AS vs. IMAE.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing | 13.15% | 8.40% | 25.57% | 18.07% | -13.65% | 28.52% | 6.31% | 27.76% | -4.68% | 8.95% |
IMAE.AS iShares Core MSCI Europe UCITS ETF EUR (Acc) | 9.68% | 19.74% | 8.89% | 15.99% | -9.31% | 25.66% | -3.06% | 25.45% | -9.65% | 10.15% |
Correlation
The correlation between VWRL.AS and IMAE.AS is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since May 22, 2012 | 0.83 |
The correlation between VWRL.AS and IMAE.AS shifts across timeframes, from 0.72 (3 years) to 0.83 (all time), 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
VWRL.AS vs. IMAE.AS — Risk / Return Rank
VWRL.AS
IMAE.AS
VWRL.AS vs. IMAE.AS - 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 iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS). 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.
| VWRL.AS | IMAE.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.32 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 2.24 | +1.87 |
| Martin ratioReturn relative to average drawdown | 16.63 | 8.54 | +8.10 |
Loading charts...
Drawdowns
VWRL.AS vs. IMAE.AS - Drawdown Comparison
The maximum VWRL.AS drawdown since its inception was -33.27%, smaller than the maximum IMAE.AS drawdown of -35.60%. Use the drawdown chart below to compare losses from any high point for VWRL.AS and IMAE.AS.
Loading charts...
Drawdown Indicators
| VWRL.AS | IMAE.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.27% | -35.60% | +2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -9.47% | +2.94% |
Max Drawdown (3Y)Largest decline over 3 years | -21.00% | -16.51% | -4.49% |
Max Drawdown (5Y)Largest decline over 5 years | -21.00% | -19.44% | -1.56% |
Max Drawdown (10Y)Largest decline over 10 years | -33.27% | -35.60% | +2.33% |
Current DrawdownCurrent decline from peak | -1.13% | -0.58% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -6.24% | -5.35% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 2.51% | -0.89% |
Volatility
VWRL.AS vs. IMAE.AS - Volatility Comparison
Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS) has a higher volatility of 3.47% compared to iShares Core MSCI Europe UCITS ETF EUR (Acc) (IMAE.AS) at 2.77%. This indicates that VWRL.AS's price experiences larger fluctuations and is considered to be riskier than IMAE.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VWRL.AS | IMAE.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 2.77% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | 10.76% | -2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 12.79% | -1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.77% | 14.15% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.81% | 15.28% | -0.47% |
VWRL.AS vs. IMAE.AS - Expense Ratio Comparison
VWRL.AS has a 0.19% expense ratio, which is lower than IMAE.AS's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VWRL.AS vs. IMAE.AS - Dividend Comparison
VWRL.AS's dividend yield for the trailing twelve months is around 1.26%, while IMAE.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMAE.AS iShares Core MSCI Europe UCITS ETF EUR (Acc) | 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 | 1.26% | 1.42% | 1.47% | 1.74% | 2.10% | 1.43% | 1.56% | 1.89% | 2.24% | 1.93% | 1.95% | 2.02% |
Frequently Asked Questions
VWRL.AS and IMAE.AS have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWRL.AS is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWRL.AS is cheaper with a 0.19% expense ratio, compared with 0.20% for IMAE.AS.
VWRL.AS is categorized as Global Equities, while IMAE.AS is Europe Equities. VWRL.AS tracks FTSE All-World Index, while IMAE.AS tracks MSCI Europe NR EUR. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.19% for VWRL.AS and 0.20% for IMAE.AS.
Find the right allocation for VWRL.AS and IMAE.AS
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