VWRL.L vs. MVOL.L

Last updated Apr 10, 2026

VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both Global Equities funds tracking the MSCI ACWI NR USD, from Vanguard and iShares respectively. Both are passively managed. Over the past 10 years, VWRL.L returned 12.61%/yr vs 7.94%/yr for MVOL.L. A 0.71 correlation means they provide meaningful diversification when combined. VWRL.L charges 0.22%/yr vs 0.35%/yr for MVOL.L.

Performance

VWRL.L vs. MVOL.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 UCITS (MVOL.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VWRL.L is traded in GBP, while MVOL.L is traded in USD. To make them comparable, the MVOL.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 1.85% return, which is significantly higher than MVOL.L's 1.64% return. Over the past 10 years, VWRL.L has outperformed MVOL.L with an annualized return of 12.61%, while MVOL.L has yielded a comparatively lower 7.94% annualized 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%

MVOL.L

• 1D: -0.06%
• 1M: -1.68%
• YTD: 1.64%
• 6M: 0.74%
• 1Y: 7.89%
• 3Y*: 6.35%
• 5Y*: 6.50%
• 10Y*: 7.94%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%	-4.70%	13.22%
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS	1.64%	3.11%	13.02%	1.92%	1.12%	15.73%	-0.45%	17.90%	3.39%	7.25%

Correlation

The correlation between VWRL.L and MVOL.L 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	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Dec 14, 2012	0.71

Over the past year, the correlation between VWRL.L and MVOL.L has dropped to 0.35 — well below their long-term average of 0.71, suggesting their price drivers have been diverging.

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

VWRL.L has a 0.22% expense ratio, which is lower than MVOL.L's 0.35% expense ratio.

Return for Risk

VWRL.L vs. MVOL.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: 80
VWRL.L Sharpe Ratio Rank: 84
VWRL.L Sortino Ratio Rank: 86
VWRL.L Omega Ratio Rank: 84
VWRL.L Calmar Ratio Rank: 70
VWRL.L Martin Ratio Rank: 76

MVOL.L

MVOL.L Risk / Return Rank: 31
MVOL.L Sharpe Ratio Rank: 32
MVOL.L Sortino Ratio Rank: 35
MVOL.L Omega Ratio Rank: 32
MVOL.L Calmar Ratio Rank: 27
MVOL.L Martin Ratio Rank: 28

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. MVOL.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 UCITS (MVOL.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.L	MVOL.L	Difference
Sharpe ratio Return per unit of total volatility	2.95	0.85	+2.10
Sortino ratio Return per unit of downside risk	4.38	1.29	+3.09
Omega ratio Gain probability vs. loss probability	1.59	1.15	+0.44
Calmar ratio Return relative to maximum drawdown	4.27	1.06	+3.21
Martin ratio Return relative to average drawdown	17.16	2.77	+14.39
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. MVOL.L - Sharpe Ratio Comparison

The current VWRL.L Sharpe Ratio is 2.95, which is higher than the MVOL.L Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of VWRL.L and MVOL.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.

Sharpe Ratios by Period

	VWRL.L	MVOL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.95	0.85	+2.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.61	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.63	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.90	0.80	+0.10

Drawdowns

VWRL.L vs. MVOL.L - Drawdown Comparison

The maximum VWRL.L drawdown since its inception was -24.98%, which is greater than MVOL.L's maximum drawdown of -20.24%. Use the drawdown chart below to compare losses from any high point for VWRL.L and MVOL.L.

Drawdown Indicators

	VWRL.L	MVOL.L	Difference
Max Drawdown Largest peak-to-trough decline	-24.98%	-28.82%	+3.84%
Max Drawdown (1Y) Largest decline over 1 year	-7.08%	-5.78%	-1.30%
Max Drawdown (5Y) Largest decline over 5 years	-17.48%	-18.52%	+1.04%
Max Drawdown (10Y) Largest decline over 10 years	-24.98%	-28.82%	+3.84%
Current Drawdown Current decline from peak	-1.94%	-3.25%	+1.31%
Average Drawdown Average peak-to-trough decline	-3.33%	-3.33%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	1.79%	-0.03%

Volatility

VWRL.L vs. MVOL.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 UCITS (MVOL.L) at 3.59%. This indicates that VWRL.L's price experiences larger fluctuations and is considered to be riskier than MVOL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWRL.L	MVOL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	3.59%	+1.13%
Volatility (6M) Calculated over the trailing 6-month period	8.50%	6.51%	+1.99%
Volatility (1Y) Calculated over the trailing 1-year period	12.21%	9.67%	+2.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.91%	10.60%	+2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.27%	12.50%	+1.77%

Dividends

VWRL.L vs. MVOL.L - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%