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

VWRL.L vs. IWDA.L

Last updated Jun 6, 2026

VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) and IWDA.L (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds - VWRL.L tracks the FTSE All-World Index while IWDA.L tracks the MSCI World Index (Net). Both are passively managed. Over the past 10 years, VWRL.L returned 13.36%/yr vs 13.84%/yr for IWDA.L. Their correlation of 0.90 suggests significant overlap in exposure. VWRL.L charges 0.19%/yr vs 0.20%/yr for IWDA.L.

Performance

VWRL.L vs. IWDA.L - 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 MSCI World UCITS ETF USD (Acc) (IWDA.L). 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 IWDA.L is traded in USD. To make them comparable, the IWDA.L 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 10.62% return, which is significantly higher than IWDA.L's 9.65% return. Both investments have delivered pretty close results over the past 10 years, with VWRL.L having a 13.36% annualized return and IWDA.L not far ahead at 13.84%.

VWRL.L

1D
-1.12%
1M
2.60%
YTD
10.62%
6M
10.57%
1Y
28.30%
3Y*
17.46%
5Y*
12.19%
10Y*
13.36%

IWDA.L

1D
-0.54%
1M
3.17%
YTD
9.65%
6M
9.45%
1Y
26.38%
3Y*
17.50%
5Y*
12.93%
10Y*
13.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VWRL.L vs. IWDA.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VWRL.L
Vanguard FTSE All-World UCITS ETF Distributing		10.62%13.99%19.60%15.61%-8.44%20.05%12.13%22.04%-4.71%13.21%
IWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)		9.65%12.41%21.19%18.05%-8.38%23.34%12.65%22.29%-3.62%12.14%

Correlation

The correlation between VWRL.L and IWDA.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

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

0.90

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

0.91

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

0.91

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

0.91

Correlation (All Time)
Calculated using the full available price history since May 23, 2012

0.90

The correlation between VWRL.L and IWDA.L has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

VWRL.L vs. IWDA.L - Sectors Allocation Comparison

Sectors
VWRL.L
IWDA.L

Technology

29.0%
32.9%

Financial Services

16.1%
14.9%

Industrials

11.0%
9.7%

Consumer Cyclical

9.4%
8.8%

Communication Services

8.8%
9.3%

Healthcare

8.0%
8.6%

Consumer Defensive

5.0%
4.8%

Energy

4.2%
3.9%

Basic Materials

3.8%
2.8%

Utilities

2.7%
2.4%

Real Estate

1.9%
1.2%

Technology

VWRL.L
29.0%
IWDA.L
32.9%

Financial Services

VWRL.L
16.1%
IWDA.L
14.9%

Industrials

VWRL.L
11.0%
IWDA.L
9.7%

Consumer Cyclical

VWRL.L
9.4%
IWDA.L
8.8%

Communication Services

VWRL.L
8.8%
IWDA.L
9.3%

Healthcare

VWRL.L
8.0%
IWDA.L
8.6%

Consumer Defensive

VWRL.L
5.0%
IWDA.L
4.8%

Energy

VWRL.L
4.2%
IWDA.L
3.9%

Basic Materials

VWRL.L
3.8%
IWDA.L
2.8%

Utilities

VWRL.L
2.7%
IWDA.L
2.4%

Real Estate

VWRL.L
1.9%
IWDA.L
1.2%

Compare stocks, funds, or ETFs

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Vanguard FTSE All-World UCITS ETF Distributing

iShares Core MSCI World UCITS ETF USD (Acc)

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 IWDA.L:
IWDA.L vs. VWCE.DEIWDA.L vs. SWDA.LIWDA.L vs. VWRP.LIWDA.L vs. VUAA.LIWDA.L vs. URTHIWDA.L vs. ACWI.LIWDA.L vs. SPY

Return for Risk

VWRL.L vs. IWDA.L — 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: 8787
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
IWDA.L
IWDA.L Risk / Return Rank: 6868
Overall Rank
IWDA.L Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
IWDA.L Sortino Ratio Rank: 7373
Sortino Ratio Rank
IWDA.L Omega Ratio Rank: 6666
Omega Ratio Rank
IWDA.L Calmar Ratio Rank: 6363
Calmar Ratio Rank
IWDA.L Martin Ratio Rank: 7171
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. IWDA.L - 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 MSCI World UCITS ETF USD (Acc) (IWDA.L). 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.LIWDA.LDifference
Sharpe ratioReturn per unit of total volatility
2.71
2.26

+0.45

Sortino ratioReturn per unit of downside risk
3.73
3.15

+0.58

Omega ratioGain probability vs. loss probability

1.52

1.42

+0.10

Calmar ratioReturn relative to maximum drawdown

3.98

4.12

-0.15

Martin ratioReturn relative to average drawdown

16.17

15.52

+0.66

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. IWDA.L - Sharpe Ratio Comparison

The current VWRL.L Sharpe Ratio is 2.71, which is comparable to the IWDA.L Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of VWRL.L and IWDA.L, 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.LIWDA.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.71

2.26

+0.45

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.95

0.89

+0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.94

0.89

+0.05

Sharpe Ratio (All Time)

Calculated using the full available price history

0.93

0.78

+0.16

Drawdowns

VWRL.L vs. IWDA.L - Drawdown Comparison

The maximum VWRL.L drawdown since its inception was -24.99%, roughly equal to the maximum IWDA.L drawdown of -26.18%. Use the drawdown chart below to compare losses from any high point for VWRL.L and IWDA.L.

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Drawdown Indicators

VWRL.LIWDA.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.99%

-26.18%

+1.19%

Max Drawdown (1Y)

Largest decline over 1 year

-7.08%

-6.37%

-0.71%

Max Drawdown (3Y)

Largest decline over 3 years

-17.47%

-18.91%

+1.44%

Max Drawdown (5Y)

Largest decline over 5 years

-17.47%

-18.91%

+1.44%

Max Drawdown (10Y)

Largest decline over 10 years

-24.99%

-26.18%

+1.19%

Current Drawdown

Current decline from peak

-1.60%

-0.64%

-0.96%

Average Drawdown

Average peak-to-trough decline

-3.32%

-3.52%

+0.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.75%

1.70%

+0.05%

Volatility

VWRL.L vs. IWDA.L - Volatility Comparison

The current volatility for Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) is 2.97%, while iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) has a volatility of 3.32%. This indicates that VWRL.L experiences smaller price fluctuations and is considered to be less risky than IWDA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VWRL.LIWDA.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.97%

3.32%

-0.35%

Volatility (6M)

Calculated over the trailing 6-month period

7.74%

8.85%

-1.11%

Volatility (1Y)

Calculated over the trailing 1-year period

10.41%

11.62%

-1.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.86%

14.48%

-1.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.25%

15.50%

-1.25%

VWRL.L vs. IWDA.L - Expense Ratio Comparison

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

VWRL.L's dividend yield for the trailing twelve months is around 1.25%, while IWDA.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IWDA.L
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.L
Vanguard FTSE All-World UCITS ETF Distributing		1.25%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 IWDA.L have a correlation of 0.90, 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 IWDA.L.

VWRL.L tracks FTSE All-World Index, while IWDA.L tracks MSCI World Index (Net). They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.19% for VWRL.L and 0.20% for IWDA.L.

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