VWRL.L vs. USFR
VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - VWRL.L is a Global Equities fund tracking the FTSE All-World Index, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past 10 years, VWRL.L returned 13.37%/yr vs 3.10%/yr for USFR. At a 0.22 correlation, their price movements are largely independent. VWRL.L charges 0.19%/yr vs 0.15%/yr for USFR.
Performance
VWRL.L vs. USFR - Performance Comparison
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Different Trading Currencies
VWRL.L is traded in GBP, while USFR is traded in USD. To make them comparable, the USFR 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 10.38% return, which is significantly higher than USFR's 2.65% return. Over the past 10 years, VWRL.L has outperformed USFR with an annualized return of 13.37%, while USFR has yielded a comparatively lower 3.10% annualized return.
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%
USFR
- 1D
- -0.03%
- 1M
- 2.46%
- YTD
- 2.65%
- 6M
- 1.81%
- 1Y
- 5.46%
- 3Y*
- 2.69%
- 5Y*
- 4.85%
- 10Y*
- 3.10%
VWRL.L vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing | 10.38% | 13.99% | 19.60% | 15.61% | -8.44% | 20.05% | 12.13% | 22.04% | -4.71% | 13.21% |
USFR WisdomTree Floating Rate Treasury Fund | 2.65% | -3.20% | 7.31% | -0.08% | 14.10% | 0.92% | -2.39% | -1.86% | 8.05% | -7.70% |
Correlation
The correlation between VWRL.L and USFR is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2014 | 0.22 |
The correlation between VWRL.L and USFR shifts across timeframes, from 0.05 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VWRL.L vs. USFR — Risk / Return Rank
VWRL.L
USFR
VWRL.L vs. USFR - 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 WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.15 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.87 | 1.09 | +2.78 |
| Martin ratioReturn relative to average drawdown | 15.69 | 2.91 | +12.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VWRL.L | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 0.83 | +1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.94 | 0.57 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | 0.33 | +0.61 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.39 | +0.54 |
Drawdowns
VWRL.L vs. USFR - Drawdown Comparison
The maximum VWRL.L drawdown since its inception was -24.99%, which is greater than USFR's maximum drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for VWRL.L and USFR.
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Drawdown Indicators
| VWRL.L | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.99% | -19.23% | -5.76% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -5.03% | -2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -17.47% | -9.86% | -7.61% |
Max Drawdown (5Y)Largest decline over 5 years | -17.47% | -15.56% | -1.91% |
Max Drawdown (10Y)Largest decline over 10 years | -24.99% | -19.23% | -5.76% |
Current DrawdownCurrent decline from peak | -1.81% | -4.96% | +3.15% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -7.12% | +3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 1.88% | -0.13% |
Volatility
VWRL.L vs. USFR - Volatility Comparison
Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) has a higher volatility of 2.99% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 1.79%. This indicates that VWRL.L's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWRL.L | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 1.79% | +1.20% |
Volatility (6M)Calculated over the trailing 6-month period | 7.71% | 4.91% | +2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.43% | 6.63% | +3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.86% | 8.57% | +4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.25% | 9.53% | +4.72% |
VWRL.L vs. USFR - Expense Ratio Comparison
VWRL.L has a 0.19% expense ratio, which is higher than USFR's 0.15% expense ratio. However, 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. USFR - Dividend Comparison
VWRL.L's dividend yield for the trailing twelve months is around 1.26%, less than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USFR WisdomTree Floating Rate Treasury Fund | 3.91% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% | 0.00% |
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing | 1.26% | 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 USFR have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USFR is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USFR is cheaper with a 0.15% expense ratio, compared with 0.19% for VWRL.L.
VWRL.L is categorized as Global Equities, while USFR is Government Bonds. VWRL.L tracks FTSE All-World Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: Vanguard and WisdomTree. Their fees differ too: 0.19% for VWRL.L and 0.15% for USFR.
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