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

VWRL.L vs. DGRO

Last updated Jun 9, 2026

VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - VWRL.L is a Global Equities fund tracking the FTSE All-World Index, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 10 years, VWRL.L returned 13.37%/yr vs 14.01%/yr for DGRO. A 0.57 correlation means they provide meaningful diversification when combined. VWRL.L charges 0.19%/yr vs 0.08%/yr for DGRO.

Performance

VWRL.L vs. DGRO - 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 Core Dividend Growth ETF (DGRO). 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 DGRO is traded in USD. To make them comparable, the DGRO 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 10.38% return, which is significantly higher than DGRO's 9.53% return. Both investments have delivered pretty close results over the past 10 years, with VWRL.L having a 13.37% annualized return and DGRO not far ahead at 14.01%.

VWRL.L

1D
-0.21%
1M
2.33%
YTD
10.38%
6M
10.56%
1Y
27.51%
3Y*
17.75%
5Y*
12.03%
10Y*
13.37%

DGRO

1D
-0.32%
1M
4.89%
YTD
9.53%
6M
9.09%
1Y
23.57%
3Y*
14.35%
5Y*
11.89%
10Y*
14.01%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VWRL.L vs. DGRO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VWRL.L
Vanguard FTSE All-World UCITS ETF Distributing		10.38%13.99%19.60%15.61%-8.44%20.05%12.13%22.04%-4.71%13.21%
DGRO
iShares Core Dividend Growth ETF		9.53%7.45%18.66%4.95%3.04%27.84%6.28%24.93%3.41%12.36%

Correlation

The correlation between VWRL.L and DGRO is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.35

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

0.42

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

0.45

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

0.54

Correlation (All Time)
Calculated using the full available price history since Jun 13, 2014

0.57

Over the past year, the correlation between VWRL.L and DGRO has dropped to 0.35 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

VWRL.L vs. DGRO - Sectors Allocation Comparison

Sectors
VWRL.L
DGRO

Technology

29.5%
19.4%

Financial Services

16.2%
21.2%

Industrials

10.4%
10.8%

Consumer Cyclical

9.2%
5.7%

Communication Services

8.7%
0.1%

Healthcare

8.0%
16.4%

Consumer Defensive

5.0%
11.5%

Energy

4.2%
5.6%

Basic Materials

3.8%
2.5%

Utilities

2.9%
6.9%

Real Estate

1.8%

-

Technology

VWRL.L
29.5%
DGRO
19.4%

Financial Services

VWRL.L
16.2%
DGRO
21.2%

Industrials

VWRL.L
10.4%
DGRO
10.8%

Consumer Cyclical

VWRL.L
9.2%
DGRO
5.7%

Communication Services

VWRL.L
8.7%
DGRO
0.1%

Healthcare

VWRL.L
8.0%
DGRO
16.4%

Consumer Defensive

VWRL.L
5.0%
DGRO
11.5%

Energy

VWRL.L
4.2%
DGRO
5.6%

Basic Materials

VWRL.L
3.8%
DGRO
2.5%

Utilities

VWRL.L
2.9%
DGRO
6.9%

Real Estate

VWRL.L
1.8%
DGRO

-

Compare stocks, funds, or ETFs

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Vanguard FTSE All-World UCITS ETF Distributing

iShares Core Dividend Growth 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 DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

Return for Risk

VWRL.L vs. DGRO — 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: 8686
Overall Rank
VWRL.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
VWRL.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
VWRL.L Omega Ratio Rank: 8888
Omega Ratio Rank
VWRL.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
VWRL.L Martin Ratio Rank: 8484
Martin Ratio Rank
DGRO
DGRO Risk / Return Rank: 7878
Overall Rank
DGRO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
DGRO Sortino Ratio Rank: 8484
Sortino Ratio Rank
DGRO Omega Ratio Rank: 7878
Omega Ratio Rank
DGRO Calmar Ratio Rank: 7474
Calmar Ratio Rank
DGRO Martin Ratio Rank: 7676
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. DGRO - 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 Core Dividend Growth ETF (DGRO). 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.LDGRODifference
Sharpe ratioReturn per unit of total volatility
2.63
2.46

+0.17

Sortino ratioReturn per unit of downside risk
3.64
3.36

+0.28

Omega ratioGain probability vs. loss probability

1.50

1.44

+0.07

Calmar ratioReturn relative to maximum drawdown

3.87

4.13

-0.27

Martin ratioReturn relative to average drawdown

15.69

15.07

+0.62

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.L vs. DGRO - Sharpe Ratio Comparison

The current VWRL.L Sharpe Ratio is 2.63, which is comparable to the DGRO Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of VWRL.L and DGRO, 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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Sharpe Ratios by Period

VWRL.LDGRODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.63

2.46

+0.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.94

0.91

+0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.94

0.83

+0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.93

0.87

+0.06

Drawdowns

VWRL.L vs. DGRO - Drawdown Comparison

The maximum VWRL.L drawdown since its inception was -24.99%, smaller than the maximum DGRO drawdown of -27.11%. Use the drawdown chart below to compare losses from any high point for VWRL.L and DGRO.

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Drawdown Indicators

VWRL.LDGRODifference

Max Drawdown

Largest peak-to-trough decline

-24.99%

-27.11%

+2.12%

Max Drawdown (1Y)

Largest decline over 1 year

-7.08%

-5.73%

-1.35%

Max Drawdown (3Y)

Largest decline over 3 years

-17.47%

-16.44%

-1.03%

Max Drawdown (5Y)

Largest decline over 5 years

-17.47%

-16.44%

-1.03%

Max Drawdown (10Y)

Largest decline over 10 years

-24.99%

-27.11%

+2.12%

Current Drawdown

Current decline from peak

-1.81%

-0.48%

-1.33%

Average Drawdown

Average peak-to-trough decline

-3.32%

-3.25%

-0.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.75%

1.57%

+0.18%

Volatility

VWRL.L vs. DGRO - Volatility Comparison

Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) has a higher volatility of 2.99% compared to iShares Core Dividend Growth ETF (DGRO) at 2.59%. This indicates that VWRL.L's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VWRL.LDGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.99%

2.59%

+0.40%

Volatility (6M)

Calculated over the trailing 6-month period

7.71%

7.22%

+0.49%

Volatility (1Y)

Calculated over the trailing 1-year period

10.43%

9.63%

+0.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.86%

13.18%

-0.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.25%

16.98%

-2.73%

VWRL.L vs. DGRO - Expense Ratio Comparison

VWRL.L has a 0.19% expense ratio, which is higher than DGRO'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

VWRL.L vs. DGRO - Dividend Comparison

VWRL.L's dividend yield for the trailing twelve months is around 1.26%, less than DGRO's 1.96% yield.

PositionTTM20252024202320222021202020192018201720162015
DGRO
iShares Core Dividend Growth ETF		1.96%2.09%2.26%2.45%2.34%1.93%2.30%2.21%2.44%2.03%2.27%2.52%
VWRL.L
Vanguard FTSE All-World UCITS ETF Distributing		1.26%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 DGRO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

DGRO is cheaper with a 0.08% expense ratio, compared with 0.19% for VWRL.L.

VWRL.L is categorized as Global Equities, while DGRO is Large Cap Growth Equities. VWRL.L tracks FTSE All-World Index, while DGRO tracks Morningstar US Dividend Growth Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.19% for VWRL.L and 0.08% for DGRO.

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