VWRL.L vs. GC=F

Last updated Jun 9, 2026

VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) is Global Equities fund tracking the FTSE All-World Index, while GC=F (Gold Futures) is an asset. At a correlation of -0.10, they often move in opposite directions.

Performance

VWRL.L vs. GC=F - 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 Gold Futures (GC=F). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

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%

GC=F

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VWRL.L vs. GC=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing	10.38%	13.99%	19.60%	15.61%	-3.74%
GC=F Gold Futures	0.00%	0.00%	0.00%	0.00%	14.29%

Correlation

The correlation between VWRL.L and GC=F is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022	-0.10

Return for Risk

VWRL.L vs. GC=F — 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: 86
VWRL.L Sharpe Ratio Rank: 88
VWRL.L Sortino Ratio Rank: 88
VWRL.L Omega Ratio Rank: 88
VWRL.L Calmar Ratio Rank: 81
VWRL.L Martin Ratio Rank: 84

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. GC=F - 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 Gold Futures (GC=F). 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.L	GC=F	Difference
Sharpe ratio: Return per unit of total volatility	2.63	—	—
Sortino ratio: Return per unit of downside risk	3.64	—	—
Omega ratio: Gain probability vs. loss probability	1.50	—	—
Calmar ratio: Return relative to maximum drawdown	3.87	—	—
Martin ratio: Return relative to average drawdown	15.69	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VWRL.L	GC=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.63	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.93	—	—

Drawdowns

Drawdown Indicators

	VWRL.L	GC=F	Difference
Max Drawdown Largest peak-to-trough decline	-24.99%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.08%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.47%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.99%	—	—
Current Drawdown Current decline from peak	-1.81%	—	—
Average Drawdown Average peak-to-trough decline	-3.32%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	—	—

Volatility

Volatility by Period

	VWRL.L	GC=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.99%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.71%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.43%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.86%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.25%	—	—

Frequently Asked Questions

Can I hold both VWRL.L and GC=F in my portfolio?

VWRL.L and GC=F have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.