VWRP.L vs. DFND.AS
VWRP.L (Vanguard FTSE All-World UCITS ETF (USD) Accumulating) and DFND.AS (iShares Global Aerospace & Defence UCITS ETF) are both exchange-traded funds - VWRP.L is a Global Equities fund tracking the FTSE All-World Index, while DFND.AS is a Industrials Equities fund tracking the S&P Developed BMI Select Aerospace & Defense 35/20 Capped Index NR. Both are passively managed. Over the past year, VWRP.L returned 28.98% vs 66.96% for DFND.AS. At a 0.38 correlation, their price movements are largely independent. VWRP.L charges 0.22%/yr vs 0.35%/yr for DFND.AS.
Performance
VWRP.L vs. DFND.AS - Performance Comparison
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Different Trading Currencies
VWRP.L is traded in GBP, while DFND.AS is traded in USD. To make them comparable, the DFND.AS values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VWRP.L achieves a 12.16% return, which is significantly lower than DFND.AS's 65.33% return.
VWRP.L
- 1D
- 0.47%
- 1M
- 1.85%
- YTD
- 12.16%
- 6M
- 12.48%
- 1Y
- 28.98%
- 3Y*
- 18.70%
- 5Y*
- 11.93%
- 10Y*
- —
DFND.AS
- 1D
- 0.21%
- 1M
- 4.81%
- YTD
- 65.33%
- 6M
- 65.74%
- 1Y
- 66.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VWRP.L vs. DFND.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating | 12.16% | 13.94% | 14.88% |
DFND.AS iShares Global Aerospace & Defence UCITS ETF | 65.33% | -7.12% | 17.09% |
Correlation
The correlation between VWRP.L and DFND.AS is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2024 | 0.38 |
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Return for Risk
VWRP.L vs. DFND.AS — Risk / Return Rank
VWRP.L
DFND.AS
VWRP.L vs. DFND.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L) and iShares Global Aerospace & Defence UCITS ETF (DFND.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.
| VWRP.L | DFND.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.77 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 1.77 | +2.29 |
| Martin ratioReturn relative to average drawdown | 16.12 | 3.46 | +12.66 |
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Drawdowns
VWRP.L vs. DFND.AS - Drawdown Comparison
The maximum VWRP.L drawdown since its inception was -25.10%, smaller than the maximum DFND.AS drawdown of -37.93%. Use the drawdown chart below to compare losses from any high point for VWRP.L and DFND.AS.
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Drawdown Indicators
| VWRP.L | DFND.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -37.93% | +12.83% |
Max Drawdown (1Y)Largest decline over 1 year | -7.10% | -37.93% | +30.83% |
Max Drawdown (3Y)Largest decline over 3 years | -17.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.64% | — | — |
Current DrawdownCurrent decline from peak | -1.00% | -6.46% | +5.46% |
Average DrawdownAverage peak-to-trough decline | -3.37% | -8.60% | +5.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 19.32% | -17.53% |
Volatility
VWRP.L vs. DFND.AS - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L) is 3.58%, while iShares Global Aerospace & Defence UCITS ETF (DFND.AS) has a volatility of 6.56%. This indicates that VWRP.L experiences smaller price fluctuations and is considered to be less risky than DFND.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWRP.L | DFND.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.58% | 6.56% | -2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 54.73% | -46.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.79% | 97.20% | -86.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.95% | 63.72% | -50.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.95% | 63.72% | -48.77% |
VWRP.L vs. DFND.AS - Expense Ratio Comparison
VWRP.L has a 0.22% expense ratio, which is lower than DFND.AS's 0.35% expense ratio.
Dividends
VWRP.L vs. DFND.AS - Dividend Comparison
Neither VWRP.L nor DFND.AS has paid dividends to shareholders.
Frequently Asked Questions
VWRP.L and DFND.AS have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWRP.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWRP.L is cheaper with a 0.22% expense ratio, compared with 0.35% for DFND.AS.
VWRP.L is categorized as Global Equities, while DFND.AS is Industrials Equities. VWRP.L tracks FTSE All-World Index, while DFND.AS tracks S&P Developed BMI Select Aerospace & Defense 35/20 Capped Index NR. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VWRP.L and 0.35% for DFND.AS.
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