VWRP.L vs. VAGP.L

Last updated Jun 14, 2026

VWRP.L (Vanguard FTSE All-World UCITS ETF (USD) Accumulating) and VAGP.L (Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing) are both exchange-traded funds - VWRP.L is a Global Equities fund tracking the FTSE All-World Index, while VAGP.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg GBP. Both are passively managed. Over the past 5 years, VWRP.L returned 12.04%/yr vs -0.33%/yr for VAGP.L. At a correlation of -0.01, they often move in opposite directions. VWRP.L charges 0.22%/yr vs 0.10%/yr for VAGP.L.

Performance

VWRP.L vs. VAGP.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 Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VWRP.L achieves a 10.60% return, which is significantly higher than VAGP.L's 0.30% return.

VWRP.L

• 1D: 1.65%
• 1M: 0.75%
• YTD: 10.60%
• 6M: 11.30%
• 1Y: 28.03%
• 3Y*: 17.31%
• 5Y*: 12.04%
• 10Y*: —

VAGP.L

• 1D: 0.18%
• 1M: 1.12%
• YTD: 0.30%
• 6M: 0.92%
• 1Y: 3.26%
• 3Y*: 3.87%
• 5Y*: -0.33%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating	10.60%	13.94%	19.60%	15.64%	-8.41%	20.00%	12.27%	1.72%
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing	0.30%	4.93%	2.54%	5.85%	-13.82%	-2.05%	5.34%	1.11%

Correlation

The correlation between VWRP.L and VAGP.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019	-0.01

The correlation between VWRP.L and VAGP.L shifts across timeframes, from -0.01 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VWRP.L vs. VAGP.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: 88
VWRP.L Sortino Ratio Rank: 88
VWRP.L Omega Ratio Rank: 88
VWRP.L Calmar Ratio Rank: 82
VWRP.L Martin Ratio Rank: 85

VAGP.L

VAGP.L Risk / Return Rank: 27
VAGP.L Sharpe Ratio Rank: 28
VAGP.L Sortino Ratio Rank: 26
VAGP.L Omega Ratio Rank: 26
VAGP.L Calmar Ratio Rank: 26
VAGP.L Martin Ratio Rank: 26

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. VAGP.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 Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.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.

	VWRP.L	VAGP.L	Difference
Sharpe ratio: Return per unit of total volatility	2.54	0.90	+1.64
Sortino ratio: Return per unit of downside risk	3.51	1.28	+2.22
Omega ratio: Gain probability vs. loss probability	1.48	1.16	+0.32
Calmar ratio: Return relative to maximum drawdown	3.82	1.09	+2.73
Martin ratio: Return relative to average drawdown	15.17	3.10	+12.07

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

The current VWRP.L Sharpe Ratio is 2.54, which is higher than the VAGP.L Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of VWRP.L and VAGP.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.

Drawdowns

VWRP.L vs. VAGP.L - Drawdown Comparison

The maximum VWRP.L drawdown since its inception was -25.10%, which is greater than VAGP.L's maximum drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for VWRP.L and VAGP.L.

Drawdown Indicators

	VWRP.L	VAGP.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.10%	-18.13%	-6.97%
Max Drawdown (1Y) Largest decline over 1 year	-7.10%	-2.77%	-4.33%
Max Drawdown (3Y) Largest decline over 3 years	-17.64%	-4.01%	-13.63%
Max Drawdown (5Y) Largest decline over 5 years	-17.64%	-17.71%	+0.07%
Current Drawdown Current decline from peak	-1.64%	-3.65%	+2.01%
Average Drawdown Average peak-to-trough decline	-3.38%	-6.65%	+3.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.79%	0.98%	+0.81%

Volatility

VWRP.L vs. VAGP.L - Volatility Comparison

Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L) has a higher volatility of 3.57% compared to Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing (VAGP.L) at 1.42%. This indicates that VWRP.L's price experiences larger fluctuations and is considered to be riskier than VAGP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWRP.L	VAGP.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.57%	1.42%	+2.15%
Volatility (6M) Calculated over the trailing 6-month period	8.07%	2.81%	+5.26%
Volatility (1Y) Calculated over the trailing 1-year period	10.69%	3.38%	+7.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.92%	4.79%	+8.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.96%	4.50%	+10.46%

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

VWRP.L has a 0.22% expense ratio, which is higher than VAGP.L's 0.10% 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. VAGP.L - Dividend Comparison

VWRP.L has not paid dividends to shareholders, while VAGP.L's dividend yield for the trailing twelve months is around 3.55%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
VAGP.L Vanguard Global Aggregate Bond UCITS ETF GBP Hedged Distributing	3.55%	3.50%	3.08%	2.37%	1.46%	0.86%	1.21%	0.59%
VWRP.L Vanguard FTSE All-World UCITS ETF (USD) Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

VWRP.L and VAGP.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, VAGP.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

VAGP.L is cheaper with a 0.10% expense ratio, compared with 0.22% for VWRP.L.

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

VWRP.L is categorized as Global Equities, while VAGP.L is Global Bonds. VWRP.L tracks FTSE All-World Index, while VAGP.L tracks Bloomberg Global Aggregate TR Hdg GBP. Their fees differ too: 0.22% for VWRP.L and 0.10% for VAGP.L.