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

VWRL.L vs. IWVG.L

Last updated Apr 10, 2026

VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) and IWVG.L (iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)) are both Global Equities funds — VWRL.L tracks the MSCI ACWI NR USD while IWVG.L tracks the MSCI ACWI Value NR USD. Both are passively managed. Over the past 5 years, VWRL.L returned 10.47%/yr vs 12.17%/yr for IWVG.L. Their correlation of 0.85 suggests significant overlap in exposure. VWRL.L charges 0.22%/yr vs 0.30%/yr for IWVG.L.

Performance

VWRL.L vs. IWVG.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 Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VWRL.L achieves a 1.85% return, which is significantly lower than IWVG.L's 9.55% return.

VWRL.L

1D
0.23%
1M
0.41%
YTD
1.85%
6M
3.78%
1Y
34.53%
3Y*
15.70%
5Y*
10.47%
10Y*
12.61%

IWVG.L

1D
-0.02%
1M
2.77%
YTD
9.55%
6M
17.53%
1Y
50.68%
3Y*
17.45%
5Y*
12.17%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
VWRL.L
Vanguard FTSE All-World UCITS ETF Distributing		1.85%13.99%19.59%15.61%-8.44%20.04%12.13%22.03%-4.09%
IWVG.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)		9.55%27.50%5.20%13.05%1.04%21.47%-6.83%14.46%-8.49%

Correlation

The correlation between VWRL.L and IWVG.L is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

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

0.79

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

0.77

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

0.81

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2018

0.85

The correlation between VWRL.L and IWVG.L has been stable across timeframes, ranging from 0.77 to 0.85 — a consistent structural relationship.

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

VWRL.L has a 0.22% expense ratio, which is lower than IWVG.L's 0.30% expense ratio.

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Vanguard FTSE All-World UCITS ETF Distributing

iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)

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. VEVE.LVWRL.L vs. VHYG.L
Often compared with IWVG.L:
IWVG.L vs. IWQU.LIWVG.L vs. VTVIWVG.L vs. URTHIWVG.L vs. XDEV.LIWVG.L vs. VTIWVG.L vs. IUVD.LIWVG.L vs. VWRA.L

Return for Risk

VWRL.L vs. IWVG.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: 8080
Overall Rank
VWRL.L Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
VWRL.L Sortino Ratio Rank: 8686
Sortino Ratio Rank
VWRL.L Omega Ratio Rank: 8484
Omega Ratio Rank
VWRL.L Calmar Ratio Rank: 7070
Calmar Ratio Rank
VWRL.L Martin Ratio Rank: 7676
Martin Ratio Rank
IWVG.L
IWVG.L Risk / Return Rank: 9494
Overall Rank
IWVG.L Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
IWVG.L Sortino Ratio Rank: 9696
Sortino Ratio Rank
IWVG.L Omega Ratio Rank: 9595
Omega Ratio Rank
IWVG.L Calmar Ratio Rank: 9191
Calmar Ratio Rank
IWVG.L Martin Ratio Rank: 9090
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. IWVG.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 Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.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.LIWVG.LDifference

Sharpe ratio

Return per unit of total volatility

2.95

3.97

-1.02

Sortino ratio

Return per unit of downside risk

4.38

5.44

-1.06

Omega ratio

Gain probability vs. loss probability

1.59

1.76

-0.17

Calmar ratio

Return relative to maximum drawdown

4.27

6.51

-2.24

Martin ratio

Return relative to average drawdown

17.16

24.24

-7.08

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. IWVG.L - Sharpe Ratio Comparison

The current VWRL.L Sharpe Ratio is 2.95, which is comparable to the IWVG.L Sharpe Ratio of 3.97. The chart below compares the historical Sharpe Ratios of VWRL.L and IWVG.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.LIWVG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.95

3.97

-1.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.81

0.95

-0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.88

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.90

0.57

+0.33

Drawdowns

VWRL.L vs. IWVG.L - Drawdown Comparison

The maximum VWRL.L drawdown since its inception was -24.98%, smaller than the maximum IWVG.L drawdown of -28.07%. Use the drawdown chart below to compare losses from any high point for VWRL.L and IWVG.L.

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Drawdown Indicators

VWRL.LIWVG.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.98%

-28.07%

+3.09%

Max Drawdown (1Y)

Largest decline over 1 year

-7.08%

-7.02%

-0.06%

Max Drawdown (5Y)

Largest decline over 5 years

-17.48%

-13.79%

-3.69%

Max Drawdown (10Y)

Largest decline over 10 years

-24.98%

—

—

Current Drawdown

Current decline from peak

-1.94%

-1.35%

-0.59%

Average Drawdown

Average peak-to-trough decline

-3.33%

-4.38%

+1.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.76%

1.89%

-0.13%

Volatility

VWRL.L vs. IWVG.L - Volatility Comparison

The current volatility for Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) is 4.72%, while iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) (IWVG.L) has a volatility of 5.84%. This indicates that VWRL.L experiences smaller price fluctuations and is considered to be less risky than IWVG.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.LIWVG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.72%

5.84%

-1.12%

Volatility (6M)

Calculated over the trailing 6-month period

8.50%

10.12%

-1.62%

Volatility (1Y)

Calculated over the trailing 1-year period

12.21%

13.29%

-1.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.91%

12.88%

+0.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.27%

15.51%

-1.24%

Dividends

VWRL.L vs. IWVG.L - Dividend Comparison

VWRL.L's dividend yield for the trailing twelve months is around 1.36%, while IWVG.L has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
VWRL.L
Vanguard FTSE All-World UCITS ETF Distributing		1.36%1.39%1.49%1.72%2.03%1.45%1.58%1.95%2.22%1.90%1.85%2.00%
IWVG.L
iShares Edge MSCI World Value Factor UCITS ETF USD (Dist)		0.00%0.00%1.82%3.23%3.12%2.61%2.37%2.90%2.48%0.00%0.00%0.00%