VWRL.L vs. WINC.AS
VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) and WINC.AS (iShares World Equity High Income UCITS ETF USD Inc) are both exchange-traded funds - VWRL.L is a Global Equities fund tracking the FTSE All-World Index, while WINC.AS is a Global Equity Income fund actively managed by iShares. VWRL.L is passively managed, while WINC.AS is actively managed. Over the past year, VWRL.L returned 21.47% vs 21.32% for WINC.AS. A 0.67 correlation means they provide meaningful diversification when combined. VWRL.L charges 0.19%/yr vs 0.35%/yr for WINC.AS.
Performance
VWRL.L vs. WINC.AS - Performance Comparison
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Different Trading Currencies
VWRL.L is traded in GBP, while WINC.AS is traded in USD. To make them comparable, the WINC.AS 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 10.22% return, which is significantly higher than WINC.AS's 9.59% return.
VWRL.L
- 1D
- 0.36%
- 1M
- -2.66%
- 6M
- 8.73%
- YTD
- 10.22%
- 1Y
- 21.47%
- 3Y*
- 16.68%
- 5Y*
- 11.24%
- 10Y*
- 12.00%
- ALL TIME*
- 13.05%
WINC.AS
- 1D
- 0.00%
- 1M
- -0.83%
- 6M
- 9.43%
- YTD
- 9.59%
- 1Y
- 21.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.76%
VWRL.L vs. WINC.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing | 10.22% | 13.99% | 9.94% |
WINC.AS iShares World Equity High Income UCITS ETF USD Inc | 9.59% | 12.90% | 8.67% |
Correlation
The correlation between VWRL.L and WINC.AS is 0.77, 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 | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2024 | 0.67 |
The correlation between VWRL.L and WINC.AS shifts across timeframes, from 0.67 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VWRL.L vs. WINC.AS — Risk / Return Rank
VWRL.L
WINC.AS
VWRL.L vs. WINC.AS - 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 World Equity High Income UCITS ETF USD Inc (WINC.AS). 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 | WINC.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 4.33 | -1.32 |
| Martin ratioReturn relative to average drawdown | 11.58 | 14.95 | -3.37 |
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Drawdowns
VWRL.L vs. WINC.AS - Drawdown Comparison
The maximum VWRL.L drawdown since its inception was -24.99%, which is greater than WINC.AS's maximum drawdown of -16.90%. Use the drawdown chart below to compare losses from any high point for VWRL.L and WINC.AS.
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Drawdown Indicators
| VWRL.L | WINC.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.99% | -16.90% | -8.09% |
Max Drawdown (1Y)Largest decline over 1 year | -7.08% | -4.86% | -2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -17.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.99% | — | — |
Current DrawdownCurrent decline from peak | -2.71% | -1.22% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -3.30% | -2.21% | -1.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.85% | 1.41% | +0.44% |
Volatility
VWRL.L vs. WINC.AS - Volatility Comparison
Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) and iShares World Equity High Income UCITS ETF USD Inc (WINC.AS) have volatilities of 3.12% and 3.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWRL.L | WINC.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.12% | 3.22% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.39% | 8.89% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.87% | 11.05% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.93% | 12.54% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.21% | 12.54% | +1.67% |
VWRL.L vs. WINC.AS - Expense Ratio Comparison
VWRL.L has a 0.19% expense ratio, which is lower than WINC.AS's 0.35% expense ratio.
Dividends
VWRL.L vs. WINC.AS - Dividend Comparison
VWRL.L's dividend yield for the trailing twelve months is around 1.29%, less than WINC.AS's 9.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing | 1.29% | 1.39% | 1.49% | 1.72% | 2.03% | 1.45% | 1.58% | 1.95% | 2.22% | 1.90% | 1.95% | 2.00% |
WINC.AS iShares World Equity High Income UCITS ETF USD Inc | 9.88% | 9.38% | 4.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VWRL.L and WINC.AS have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWRL.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWRL.L is cheaper with a 0.19% expense ratio, compared with 0.35% for WINC.AS.
VWRL.L is categorized as Global Equities, while WINC.AS is Global Equity Income. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.19% for VWRL.L and 0.35% for WINC.AS.
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