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VWRL.L vs. ACWV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VWRL.L vs. ACWV

Last updated Jun 12, 2026

VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) and ACWV (iShares MSCI Global Min Vol Factor ETF) are both exchange-traded funds - VWRL.L is a Global Equities fund tracking the FTSE All-World Index, while ACWV is a Large Cap Blend Equities fund tracking the MSCI ACWI Minimum Volatility Index. Both are passively managed. Over the past 10 years, VWRL.L returned 13.24%/yr vs 8.06%/yr for ACWV. A 0.54 correlation means they provide meaningful diversification when combined. VWRL.L charges 0.19%/yr vs 0.20%/yr for ACWV.

Performance

VWRL.L vs. ACWV - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) and iShares MSCI Global Min Vol Factor ETF (ACWV). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VWRL.L is traded in GBP, while ACWV is traded in USD. To make them comparable, the ACWV values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, VWRL.L achieves a 8.76% return, which is significantly higher than ACWV's 3.09% return. Over the past 10 years, VWRL.L has outperformed ACWV with an annualized return of 13.24%, while ACWV has yielded a comparatively lower 8.06% annualized return.

VWRL.L

1D
0.31%
1M
1.15%
YTD
8.76%
6M
9.15%
1Y
24.62%
3Y*
16.85%
5Y*
11.65%
10Y*
13.24%

ACWV

1D
0.44%
1M
1.98%
YTD
3.09%
6M
2.47%
1Y
6.35%
3Y*
7.54%
5Y*
6.48%
10Y*
8.06%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VWRL.L vs. ACWV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VWRL.L
Vanguard FTSE All-World UCITS ETF Distributing		8.76%13.99%19.60%15.61%-8.44%20.05%12.13%22.04%-4.71%13.21%
ACWV
iShares MSCI Global Min Vol Factor ETF		3.09%3.13%13.33%2.82%0.30%15.04%0.02%16.43%4.42%8.31%

Correlation

The correlation between VWRL.L and ACWV is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.24

Correlation (3Y)
Calculated over the trailing 3-year period

0.33

Correlation (5Y)
Calculated over the trailing 5-year period

0.36

Correlation (10Y)
Calculated over the trailing 10-year period

0.50

Correlation (All Time)
Calculated using the full available price history since May 22, 2012

0.54

Over the past year, the correlation between VWRL.L and ACWV has dropped to 0.24 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.

VWRL.L vs. ACWV - Sectors Allocation Comparison

Sectors
VWRL.L
ACWV

Technology

29.5%
22.6%

Financial Services

16.2%
13.1%

Industrials

10.4%
7.9%

Consumer Cyclical

9.2%
5.1%

Communication Services

8.7%
12.2%

Healthcare

8.0%
13.2%

Consumer Defensive

5.0%
10.3%

Energy

4.2%
3.4%

Basic Materials

3.8%
1.8%

Utilities

2.9%
7.8%

Real Estate

1.8%
0.8%

Technology

VWRL.L
29.5%
ACWV
22.6%

Financial Services

VWRL.L
16.2%
ACWV
13.1%

Industrials

VWRL.L
10.4%
ACWV
7.9%

Consumer Cyclical

VWRL.L
9.2%
ACWV
5.1%

Communication Services

VWRL.L
8.7%
ACWV
12.2%

Healthcare

VWRL.L
8.0%
ACWV
13.2%

Consumer Defensive

VWRL.L
5.0%
ACWV
10.3%

Energy

VWRL.L
4.2%
ACWV
3.4%

Basic Materials

VWRL.L
3.8%
ACWV
1.8%

Utilities

VWRL.L
2.9%
ACWV
7.8%

Real Estate

VWRL.L
1.8%
ACWV
0.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard FTSE All-World UCITS ETF Distributing

iShares MSCI Global Min Vol Factor ETF

Often compared with VWRL.L:
VWRL.L vs. ACWIVWRL.L vs. VHYL.ASVWRL.L vs. VHVG.LVWRL.L vs. VUSA.LVWRL.L vs. VOOVWRL.L vs. VHYG.LVWRL.L vs. VEVE.L
Often compared with ACWV:
ACWV vs. USMVACWV vs. VTACWV vs. MVOL.LACWV vs. EFAVACWV vs. SPLVACWV vs. VOOACWV vs. XMW.TO

Return for Risk

VWRL.L vs. ACWV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VWRL.L
VWRL.L Risk / Return Rank: 8484
Overall Rank
VWRL.L Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
VWRL.L Sortino Ratio Rank: 8585
Sortino Ratio Rank
VWRL.L Omega Ratio Rank: 8686
Omega Ratio Rank
VWRL.L Calmar Ratio Rank: 8080
Calmar Ratio Rank
VWRL.L Martin Ratio Rank: 8383
Martin Ratio Rank
ACWV
ACWV Risk / Return Rank: 2222
Overall Rank
ACWV Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
ACWV Sortino Ratio Rank: 2222
Sortino Ratio Rank
ACWV Omega Ratio Rank: 2121
Omega Ratio Rank
ACWV Calmar Ratio Rank: 2222
Calmar Ratio Rank
ACWV Martin Ratio Rank: 2424
Martin Ratio Rank
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.L vs. ACWV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) and iShares MSCI Global Min Vol Factor ETF (ACWV). 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.LACWVDifference
Sharpe ratioReturn per unit of total volatility
2.32
0.81

+1.51

Sortino ratioReturn per unit of downside risk
3.21
1.20

+2.01

Omega ratioGain probability vs. loss probability

1.44

1.14

+0.30

Calmar ratioReturn relative to maximum drawdown

3.46

1.24

+2.22

Martin ratioReturn relative to average drawdown

13.77

3.04

+10.72

VWRL.L vs. ACWV - Sharpe Ratio Comparison

The current VWRL.L Sharpe Ratio is 2.32, which is higher than the ACWV Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of VWRL.L and ACWV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VWRL.L vs. ACWV - Drawdown Comparison

The maximum VWRL.L drawdown since its inception was -24.99%, which is greater than ACWV's maximum drawdown of -20.27%. Use the drawdown chart below to compare losses from any high point for VWRL.L and ACWV.

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Drawdown Indicators

VWRL.LACWVDifference

Max Drawdown

Largest peak-to-trough decline

-24.99%

-20.27%

-4.72%

Max Drawdown (1Y)

Largest decline over 1 year

-7.08%

-5.16%

-1.92%

Max Drawdown (3Y)

Largest decline over 3 years

-17.47%

-8.10%

-9.37%

Max Drawdown (5Y)

Largest decline over 5 years

-17.47%

-9.56%

-7.91%

Max Drawdown (10Y)

Largest decline over 10 years

-24.99%

-20.27%

-4.72%

Current Drawdown

Current decline from peak

-3.25%

-2.15%

-1.10%

Average Drawdown

Average peak-to-trough decline

-3.32%

-3.29%

-0.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.78%

2.09%

-0.31%

Volatility

VWRL.L vs. ACWV - Volatility Comparison

Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) has a higher volatility of 3.43% compared to iShares MSCI Global Min Vol Factor ETF (ACWV) at 1.81%. This indicates that VWRL.L's price experiences larger fluctuations and is considered to be riskier than ACWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VWRL.LACWVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.43%

1.81%

+1.62%

Volatility (6M)

Calculated over the trailing 6-month period

7.90%

5.86%

+2.04%

Volatility (1Y)

Calculated over the trailing 1-year period

10.55%

7.86%

+2.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.88%

9.76%

+3.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.26%

13.00%

+1.26%

VWRL.L vs. ACWV - Expense Ratio Comparison

VWRL.L has a 0.19% expense ratio, which is lower than ACWV'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.L vs. ACWV - Dividend Comparison

VWRL.L's dividend yield for the trailing twelve months is around 1.27%, less than ACWV's 2.04% yield.

PositionTTM20252024202320222021202020192018201720162015
ACWV
iShares MSCI Global Min Vol Factor ETF		2.04%2.09%2.33%2.41%2.18%1.92%1.77%2.54%2.32%2.04%2.56%2.28%
VWRL.L
Vanguard FTSE All-World UCITS ETF Distributing		1.27%1.39%1.49%1.72%2.03%1.45%1.58%1.95%2.22%1.90%1.95%2.00%

Frequently Asked Questions

VWRL.L and ACWV have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VWRL.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VWRL.L is cheaper with a 0.19% expense ratio, compared with 0.20% for ACWV.

VWRL.L is categorized as Global Equities, while ACWV is Large Cap Blend Equities. VWRL.L tracks FTSE All-World Index, while ACWV tracks MSCI ACWI Minimum Volatility Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.19% for VWRL.L and 0.20% for ACWV.

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