VWRL.AS vs. IWDA.AS
VWRL.AS (Vanguard FTSE All-World UCITS ETF (USD) Distributing) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds - VWRL.AS tracks the FTSE All-World Index while IWDA.AS tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, VWRL.AS returned 12.39%/yr vs 12.81%/yr for IWDA.AS. With a 0.99 correlation, they move nearly in lockstep. VWRL.AS charges 0.19%/yr vs 0.20%/yr for IWDA.AS.
Performance
VWRL.AS vs. IWDA.AS - Performance Comparison
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Returns By Period
In the year-to-date period, VWRL.AS achieves a 12.89% return, which is significantly higher than IWDA.AS's 11.06% return. Both investments have delivered pretty close results over the past 10 years, with VWRL.AS having a 12.39% annualized return and IWDA.AS not far ahead at 12.81%.
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%
IWDA.AS
- 1D
- -0.03%
- 1M
- 4.79%
- YTD
- 11.06%
- 6M
- 11.31%
- 1Y
- 23.80%
- 3Y*
- 17.53%
- 5Y*
- 12.88%
- 10Y*
- 12.81%
VWRL.AS vs. IWDA.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 | 12.89% | 8.40% | 25.57% | 18.07% | -13.65% | 28.52% | 6.31% | 27.76% | -4.68% | 8.95% |
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.06% | 7.08% | 27.23% | 19.89% | -13.54% | 32.54% | 6.20% | 29.58% | -4.16% | 7.49% |
Correlation
The correlation between VWRL.AS and IWDA.AS is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2013 | 0.99 |
The correlation between VWRL.AS and IWDA.AS has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
VWRL.AS vs. IWDA.AS — Risk / Return Rank
VWRL.AS
IWDA.AS
VWRL.AS vs. IWDA.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 World UCITS ETF USD (Acc) (IWDA.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.
| VWRL.AS | IWDA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.41 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.00 | 3.64 | +0.36 |
| Martin ratioReturn relative to average drawdown | 16.48 | 14.53 | +1.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VWRL.AS | IWDA.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 2.15 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.90 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.84 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.82 | -0.05 |
Drawdowns
VWRL.AS vs. IWDA.AS - Drawdown Comparison
The maximum VWRL.AS drawdown since its inception was -33.27%, roughly equal to the maximum IWDA.AS drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for VWRL.AS and IWDA.AS.
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Drawdown Indicators
| VWRL.AS | IWDA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.27% | -33.63% | +0.36% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -6.45% | -0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -21.00% | -21.59% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.00% | -21.59% | +0.59% |
Max Drawdown (10Y)Largest decline over 10 years | -33.27% | -33.63% | +0.36% |
Current DrawdownCurrent decline from peak | -0.61% | -0.34% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -4.25% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.63% | -0.04% |
Volatility
VWRL.AS vs. IWDA.AS - Volatility Comparison
Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS) has a higher volatility of 3.07% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) at 2.62%. This indicates that VWRL.AS's price experiences larger fluctuations and is considered to be riskier than IWDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWRL.AS | IWDA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 2.62% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 8.03% | 7.61% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.16% | 10.90% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.70% | 14.08% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.82% | 14.99% | -0.17% |
VWRL.AS vs. IWDA.AS - Expense Ratio Comparison
VWRL.AS has a 0.19% expense ratio, which is lower than IWDA.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. IWDA.AS - Dividend Comparison
VWRL.AS's dividend yield for the trailing twelve months is around 1.24%, while IWDA.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWDA.AS iShares Core MSCI World UCITS ETF USD (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 | 1.24% | 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
With a correlation of 0.99, VWRL.AS and IWDA.AS 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.
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 IWDA.AS.
VWRL.AS tracks FTSE All-World Index, while IWDA.AS tracks MSCI ACWI NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.19% for VWRL.AS and 0.20% for IWDA.AS.
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