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

VWRL.L vs. MVEW.L

Last updated Apr 10, 2026

VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) and MVEW.L (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds tracking the MSCI ACWI NR USD, from Vanguard and iShares respectively. Both are passively managed. Over the past 5 years, VWRL.L returned 10.47%/yr vs 6.66%/yr for MVEW.L. A 0.70 correlation means they provide meaningful diversification when combined. VWRL.L charges 0.22%/yr vs 0.30%/yr for MVEW.L.

Performance

VWRL.L vs. MVEW.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 Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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 higher than MVEW.L's 0.01% 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%

MVEW.L

1D
-0.11%
1M
-1.55%
YTD
0.01%
6M
0.45%
1Y
8.14%
3Y*
6.51%
5Y*
6.66%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020
VWRL.L
Vanguard FTSE All-World UCITS ETF Distributing		1.85%13.99%19.59%15.61%-8.44%20.04%8.78%
MVEW.L
iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)		0.01%3.73%12.44%4.00%-0.60%18.17%-1.61%

Correlation

The correlation between VWRL.L and MVEW.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.45

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

0.60

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

0.68

Correlation (All Time)
Calculated using the full available price history since Jul 20, 2020

0.70

Over the past year, the correlation between VWRL.L and MVEW.L has dropped to 0.45 — well below their long-term average of 0.70, suggesting their price drivers have been diverging.

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

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

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Vanguard FTSE All-World UCITS ETF Distributing

iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (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. VEVE.LVWRL.L vs. VHYG.L
Often compared with MVEW.L:
MVEW.L vs. MINV.LMVEW.L vs. JEPIMVEW.L vs. MVOL.LMVEW.L vs. TDGB.LMVEW.L vs. FLXD.LMVEW.L vs. SPYMVEW.L vs. V

Return for Risk

VWRL.L vs. MVEW.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
MVEW.L
MVEW.L Risk / Return Rank: 1919
Overall Rank
MVEW.L Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
MVEW.L Sortino Ratio Rank: 2020
Sortino Ratio Rank
MVEW.L Omega Ratio Rank: 1919
Omega Ratio Rank
MVEW.L Calmar Ratio Rank: 1717
Calmar Ratio Rank
MVEW.L Martin Ratio Rank: 1717
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. MVEW.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 Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.LMVEW.LDifference

Sharpe ratio

Return per unit of total volatility

2.95

0.94

+2.01

Sortino ratio

Return per unit of downside risk

4.38

1.45

+2.93

Omega ratio

Gain probability vs. loss probability

1.59

1.17

+0.42

Calmar ratio

Return relative to maximum drawdown

4.27

1.06

+3.21

Martin ratio

Return relative to average drawdown

17.16

2.87

+14.30

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. MVEW.L - Sharpe Ratio Comparison

The current VWRL.L Sharpe Ratio is 2.95, which is higher than the MVEW.L Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of VWRL.L and MVEW.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.LMVEW.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.95

0.94

+2.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.81

0.68

+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

0.61

+0.30

Drawdowns

VWRL.L vs. MVEW.L - Drawdown Comparison

The maximum VWRL.L drawdown since its inception was -24.98%, which is greater than MVEW.L's maximum drawdown of -10.07%. Use the drawdown chart below to compare losses from any high point for VWRL.L and MVEW.L.

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Drawdown Indicators

VWRL.LMVEW.LDifference

Max Drawdown

Largest peak-to-trough decline

-24.98%

-10.07%

-14.91%

Max Drawdown (1Y)

Largest decline over 1 year

-7.08%

-4.92%

-2.16%

Max Drawdown (5Y)

Largest decline over 5 years

-17.48%

-10.07%

-7.41%

Max Drawdown (10Y)

Largest decline over 10 years

-24.98%

—

—

Current Drawdown

Current decline from peak

-1.94%

-3.37%

+1.43%

Average Drawdown

Average peak-to-trough decline

-3.33%

-2.53%

-0.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.76%

1.82%

-0.06%

Volatility

VWRL.L vs. MVEW.L - Volatility Comparison

Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) has a higher volatility of 4.72% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.L) at 2.82%. This indicates that VWRL.L's price experiences larger fluctuations and is considered to be riskier than MVEW.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.LMVEW.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.72%

2.82%

+1.90%

Volatility (6M)

Calculated over the trailing 6-month period

8.50%

6.00%

+2.50%

Volatility (1Y)

Calculated over the trailing 1-year period

12.21%

9.09%

+3.12%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.91%

9.80%

+3.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.27%

10.12%

+4.15%

Dividends

VWRL.L vs. MVEW.L - Dividend Comparison

VWRL.L's dividend yield for the trailing twelve months is around 1.36%, while MVEW.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%
MVEW.L
iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (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%