VWRL.L vs. VUTY.L
VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) and VUTY.L (Vanguard USD Treasury Bond UCITS ETF Distributing) are both exchange-traded funds - VWRL.L is a Global Equities fund tracking the FTSE All-World Index, while VUTY.L is a Government Bonds fund tracking the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 10 years, VWRL.L returned 13.24%/yr vs 1.52%/yr for VUTY.L. At a 0.12 correlation, their price movements are largely independent. VWRL.L charges 0.19%/yr vs 0.05%/yr for VUTY.L.
Performance
VWRL.L vs. VUTY.L - Performance Comparison
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Returns By Period
In the year-to-date period, VWRL.L achieves a 8.76% return, which is significantly higher than VUTY.L's 0.51% return. Over the past 10 years, VWRL.L has outperformed VUTY.L with an annualized return of 13.24%, while VUTY.L has yielded a comparatively lower 1.52% annualized return.
VWRL.L
- 1D
- 0.31%
- 1M
- 1.15%
- YTD
- 8.76%
- 6M
- 9.15%
- 1Y
- 24.62%
- 3Y*
- 16.85%
- 5Y*
- 11.65%
- 10Y*
- 13.24%
VUTY.L
- 1D
- 0.44%
- 1M
- 1.34%
- YTD
- 0.51%
- 6M
- 0.38%
- 1Y
- 5.22%
- 3Y*
- 0.68%
- 5Y*
- 0.56%
- 10Y*
- 1.52%
VWRL.L vs. VUTY.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing | 8.76% | 13.99% | 19.60% | 15.61% | -8.44% | 20.05% | 12.13% | 22.04% | -4.71% | 13.21% |
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | 0.51% | -1.14% | 2.53% | -1.95% | -1.84% | -1.13% | 4.01% | 3.66% | 6.64% | -6.80% |
Correlation
The correlation between VWRL.L and VUTY.L is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | 0.12 |
The correlation between VWRL.L and VUTY.L shifts across timeframes, from -0.02 (5 years) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VWRL.L vs. VUTY.L — Risk / Return Rank
VWRL.L
VUTY.L
VWRL.L vs. VUTY.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 Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VWRL.L | VUTY.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.15 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 0.99 | +2.47 |
| Martin ratioReturn relative to average drawdown | 13.77 | 2.35 | +11.42 |
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Drawdowns
VWRL.L vs. VUTY.L - Drawdown Comparison
The maximum VWRL.L drawdown since its inception was -24.99%, which is greater than VUTY.L's maximum drawdown of -22.66%. Use the drawdown chart below to compare losses from any high point for VWRL.L and VUTY.L.
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Drawdown Indicators
| VWRL.L | VUTY.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.99% | -22.66% | -2.33% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -5.24% | -1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -17.47% | -8.28% | -9.19% |
Max Drawdown (5Y)Largest decline over 5 years | -17.47% | -16.17% | -1.30% |
Max Drawdown (10Y)Largest decline over 10 years | -24.99% | -22.66% | -2.33% |
Current DrawdownCurrent decline from peak | -3.25% | -17.32% | +14.07% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -12.63% | +9.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 2.22% | -0.44% |
Volatility
VWRL.L vs. VUTY.L - Volatility Comparison
Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) has a higher volatility of 3.43% compared to Vanguard USD Treasury Bond UCITS ETF Distributing (VUTY.L) at 1.32%. This indicates that VWRL.L's price experiences larger fluctuations and is considered to be riskier than VUTY.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.L | VUTY.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 1.32% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 7.90% | 4.23% | +3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.55% | 5.91% | +4.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.88% | 8.69% | +4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.26% | 9.98% | +4.28% |
VWRL.L vs. VUTY.L - Expense Ratio Comparison
VWRL.L has a 0.19% expense ratio, which is higher than VUTY.L's 0.05% 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. VUTY.L - Dividend Comparison
VWRL.L's dividend yield for the trailing twelve months is around 1.27%, less than VUTY.L's 4.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VUTY.L Vanguard USD Treasury Bond UCITS ETF Distributing | 4.24% | 4.40% | 4.00% | 3.47% | 2.06% | 1.19% | 1.64% | 2.42% | 2.24% | 1.64% | 0.92% | 0.00% |
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing | 1.27% | 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 VUTY.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUTY.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUTY.L is cheaper with a 0.05% expense ratio, compared with 0.19% for VWRL.L.
VWRL.L is categorized as Global Equities, while VUTY.L is Government Bonds. VWRL.L tracks FTSE All-World Index, while VUTY.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. Their fees differ too: 0.19% for VWRL.L and 0.05% for VUTY.L.
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