VWRP.L vs. FTWG.L

Last updated Jun 5, 2026

VWRP.L (Vanguard FTSE All-World UCITS ETF (USD) Accumulating) and FTWG.L (Invesco FTSE All-World UCITS ETF USD Dist) are both Global Equities funds tracking the FTSE All-World Index, from Vanguard and Invesco respectively. Both are passively managed. Over the past year, VWRP.L returned 29.91% vs 30.16% for FTWG.L. With a 0.97 correlation, they move nearly in lockstep. VWRP.L charges 0.22%/yr vs 0.15%/yr for FTWG.L.

Performance

VWRP.L vs. FTWG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L) and Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VWRP.L is traded in GBP, while FTWG.L is traded in GBp. To make them comparable, the FTWG.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with VWRP.L having a 11.92% return and FTWG.L slightly lower at 11.87%.

VWRP.L

• 1D: -0.03%
• 1M: 5.32%
• YTD: 11.92%
• 6M: 12.40%
• 1Y: 29.91%
• 3Y*: 17.99%
• 5Y*: 12.46%
• 10Y*: —

FTWG.L

• 1D: -0.03%
• 1M: 5.38%
• YTD: 11.87%
• 6M: 12.43%
• 1Y: 30.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VWRP.L vs. FTWG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating	11.92%	13.94%	19.60%	7.53%
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist	11.87%	14.12%	19.92%	7.22%

Correlation

The correlation between VWRP.L and FTWG.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023	0.97

The correlation between VWRP.L and FTWG.L has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

VWRP.L vs. FTWG.L - Sectors Allocation Comparison

Sectors	VWRP.L	FTWG.L
Technology	29.0%	29.1%
Financial Services	16.1%	16.4%
Industrials	11.0%	11.0%
Consumer Cyclical	9.4%	9.4%
Communication Services	8.8%	8.9%
Healthcare	8.0%	7.6%
Consumer Defensive	5.0%	5.0%
Energy	4.2%	4.3%
Basic Materials	3.8%	3.9%
Utilities	2.7%	2.6%
Real Estate	1.9%	1.9%

Return for Risk

VWRP.L vs. FTWG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VWRP.L

VWRP.L Risk / Return Rank: 86
VWRP.L Sharpe Ratio Rank: 87
VWRP.L Sortino Ratio Rank: 88
VWRP.L Omega Ratio Rank: 89
VWRP.L Calmar Ratio Rank: 81
VWRP.L Martin Ratio Rank: 84

FTWG.L

FTWG.L Risk / Return Rank: 86
FTWG.L Sharpe Ratio Rank: 88
FTWG.L Sortino Ratio Rank: 88
FTWG.L Omega Ratio Rank: 89
FTWG.L Calmar Ratio Rank: 81
FTWG.L Martin Ratio Rank: 84

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.

VWRP.L vs. FTWG.L - 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 Invesco FTSE All-World UCITS ETF USD Dist (FTWG.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.

	VWRP.L	FTWG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.87	2.92	-0.05
Sortino ratio: Return per unit of downside risk	3.94	4.01	-0.07
Omega ratio: Gain probability vs. loss probability	1.55	1.56	0.00
Calmar ratio: Return relative to maximum drawdown	4.20	4.23	-0.03
Martin ratio: Return relative to average drawdown	17.06	17.22	-0.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VWRP.L vs. FTWG.L - Sharpe Ratio Comparison

The current VWRP.L Sharpe Ratio is 2.87, which is comparable to the FTWG.L Sharpe Ratio of 2.92. The chart below compares the historical Sharpe Ratios of VWRP.L and FTWG.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

	VWRP.L	FTWG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.87	2.92	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.97	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	1.55	-0.72

Drawdowns

VWRP.L vs. FTWG.L - Drawdown Comparison

The maximum VWRP.L drawdown since its inception was -25.10%, which is greater than FTWG.L's maximum drawdown of -17.78%. Use the drawdown chart below to compare losses from any high point for VWRP.L and FTWG.L.

Drawdown Indicators

	VWRP.L	FTWG.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.10%	-17.78%	-7.32%
Max Drawdown (1Y) Largest decline over 1 year	-7.10%	-7.11%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-17.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.64%	—	—
Current Drawdown Current decline from peak	-0.46%	-0.42%	-0.04%
Average Drawdown Average peak-to-trough decline	-3.39%	-1.99%	-1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	1.75%	0.00%

Volatility

VWRP.L vs. FTWG.L - Volatility Comparison

Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L) and Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) have volatilities of 2.95% and 3.04%, 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.

Volatility by Period

	VWRP.L	FTWG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	3.04%	-0.09%
Volatility (6M) Calculated over the trailing 6-month period	7.68%	7.59%	+0.09%
Volatility (1Y) Calculated over the trailing 1-year period	10.37%	10.28%	+0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.87%	11.89%	+0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.96%	11.89%	+3.07%

VWRP.L vs. FTWG.L - Expense Ratio Comparison

VWRP.L has a 0.22% expense ratio, which is higher than FTWG.L'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

VWRP.L vs. FTWG.L - Dividend Comparison

VWRP.L has not paid dividends to shareholders, while FTWG.L's dividend yield for the trailing twelve months is around 1.22%.

Position	TTM	2025	2024	2023
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist	1.22%	1.34%	1.50%	0.70%
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VWRP.L and FTWG.L in my portfolio?

With a correlation of 0.98, VWRP.L and FTWG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, VWRP.L or FTWG.L?

On fees, FTWG.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VWRP.L or FTWG.L?

FTWG.L is cheaper with a 0.15% expense ratio, compared with 0.22% for VWRP.L.

What is the main difference between VWRP.L and FTWG.L?

Both ETFs track FTSE All-World Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.22% for VWRP.L and 0.15% for FTWG.L.