PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VWRP.L vs. VWRL.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VWRP.L vs. VWRL.L

Last updated Jun 5, 2026

VWRP.L (Vanguard FTSE All-World UCITS ETF (USD) Accumulating) and VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) are both Global Equities funds from Vanguard tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, VWRP.L returned 12.46%/yr vs 12.45%/yr for VWRL.L. With a 0.99 correlation, they move nearly in lockstep. VWRP.L charges 0.22%/yr vs 0.19%/yr for VWRL.L.

Performance

VWRP.L vs. VWRL.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 FTSE All-World UCITS ETF Distributing (VWRL.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

The year-to-date returns for both stocks are quite close, with VWRP.L having a 11.92% return and VWRL.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*
—

VWRL.L

1D
-0.06%
1M
5.33%
YTD
11.87%
6M
12.31%
1Y
29.86%
3Y*
17.97%
5Y*
12.45%
10Y*
13.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
VWRP.L
Vanguard FTSE All-World UCITS ETF (USD) Accumulating		11.92%13.94%19.60%15.64%-8.41%20.00%12.27%1.72%
VWRL.L
Vanguard FTSE All-World UCITS ETF Distributing		11.87%13.99%19.59%15.61%-8.44%20.04%12.13%1.73%

Correlation

The correlation between VWRP.L and VWRL.L is 1.00 - 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

1.00

Correlation (3Y)
Calculated over the trailing 3-year period

0.99

Correlation (5Y)
Calculated over the trailing 5-year period

0.99

Correlation (All Time)
Calculated using the full available price history since Jul 26, 2019

0.99

The correlation between VWRP.L and VWRL.L has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

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

Sectors
VWRP.L
VWRL.L

Technology

29.0%
29.0%

Financial Services

16.1%
16.1%

Industrials

11.0%
11.0%

Consumer Cyclical

9.4%
9.4%

Communication Services

8.8%
8.8%

Healthcare

8.0%
8.0%

Consumer Defensive

5.0%
5.0%

Energy

4.2%
4.2%

Basic Materials

3.8%
3.8%

Utilities

2.7%
2.7%

Real Estate

1.9%
1.9%

Technology

VWRP.L
29.0%
VWRL.L
29.0%

Financial Services

VWRP.L
16.1%
VWRL.L
16.1%

Industrials

VWRP.L
11.0%
VWRL.L
11.0%

Consumer Cyclical

VWRP.L
9.4%
VWRL.L
9.4%

Communication Services

VWRP.L
8.8%
VWRL.L
8.8%

Healthcare

VWRP.L
8.0%
VWRL.L
8.0%

Consumer Defensive

VWRP.L
5.0%
VWRL.L
5.0%

Energy

VWRP.L
4.2%
VWRL.L
4.2%

Basic Materials

VWRP.L
3.8%
VWRL.L
3.8%

Utilities

VWRP.L
2.7%
VWRL.L
2.7%

Real Estate

VWRP.L
1.9%
VWRL.L
1.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard FTSE All-World UCITS ETF (USD) Accumulating

Vanguard FTSE All-World UCITS ETF Distributing

Often compared with VWRP.L:
VWRP.L vs. FWRGVWRP.L vs. VWRD.LVWRP.L vs. SWDA.LVWRP.L vs. FWRG.LVWRP.L vs. IWDA.LVWRP.L vs. SSAC.LVWRP.L vs. VUAA.L
Often compared with VWRL.L:
VWRL.L vs. ACWIVWRL.L vs. VHYL.ASVWRL.L vs. VHVG.LVWRL.L vs. VUSA.LVWRL.L vs. VOOVWRL.L vs. VHYG.LVWRL.L vs. VEVE.L

Return for Risk

VWRP.L vs. VWRL.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: 8686
Overall Rank
VWRP.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
VWRP.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
VWRP.L Omega Ratio Rank: 8989
Omega Ratio Rank
VWRP.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
VWRP.L Martin Ratio Rank: 8484
Martin Ratio Rank
VWRL.L
VWRL.L Risk / Return Rank: 8686
Overall Rank
VWRL.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
VWRL.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
VWRL.L Omega Ratio Rank: 8989
Omega Ratio Rank
VWRL.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
VWRL.L Martin Ratio Rank: 8484
Martin Ratio Rank
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. VWRL.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 FTSE All-World UCITS ETF Distributing (VWRL.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.LVWRL.LDifference
Sharpe ratioReturn per unit of total volatility
2.87
2.88

0.00

Sortino ratioReturn per unit of downside risk
3.94
3.96

-0.02

Omega ratioGain probability vs. loss probability

1.55

1.55

0.00

Calmar ratioReturn relative to maximum drawdown

4.20

4.20

0.00

Martin ratioReturn relative to average drawdown

17.06

17.09

-0.03

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. VWRL.L - Sharpe Ratio Comparison

The current VWRP.L Sharpe Ratio is 2.87, which is comparable to the VWRL.L Sharpe Ratio of 2.88. The chart below compares the historical Sharpe Ratios of VWRP.L and VWRL.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.

Loading charts...

Sharpe Ratios by Period

VWRP.LVWRL.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.87

2.88

0.00

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.97

0.97

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.94

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.95

-0.13

Drawdowns

VWRP.L vs. VWRL.L - Drawdown Comparison

The maximum VWRP.L drawdown since its inception was -25.10%, roughly equal to the maximum VWRL.L drawdown of -24.98%. Use the drawdown chart below to compare losses from any high point for VWRP.L and VWRL.L.

Loading charts...

Drawdown Indicators

VWRP.LVWRL.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.10%

-24.98%

-0.12%

Max Drawdown (1Y)

Largest decline over 1 year

-7.10%

-7.08%

-0.02%

Max Drawdown (3Y)

Largest decline over 3 years

-17.64%

-17.48%

-0.16%

Max Drawdown (5Y)

Largest decline over 5 years

-17.64%

-17.48%

-0.16%

Max Drawdown (10Y)

Largest decline over 10 years

—

-24.98%

—

Current Drawdown

Current decline from peak

-0.46%

-0.48%

+0.02%

Average Drawdown

Average peak-to-trough decline

-3.39%

-3.30%

-0.09%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.75%

1.74%

+0.01%

Volatility

VWRP.L vs. VWRL.L - Volatility Comparison

Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L) and Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) have volatilities of 2.95% and 2.97%, 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.

Loading charts...

Volatility by Period

VWRP.LVWRL.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.95%

2.97%

-0.02%

Volatility (6M)

Calculated over the trailing 6-month period

7.68%

7.64%

+0.04%

Volatility (1Y)

Calculated over the trailing 1-year period

10.37%

10.34%

+0.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.87%

12.86%

+0.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.96%

14.25%

+0.71%

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

VWRP.L has a 0.22% expense ratio, which is higher than VWRL.L's 0.19% 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. VWRL.L - Dividend Comparison

VWRP.L has not paid dividends to shareholders, while VWRL.L's dividend yield for the trailing twelve months is around 1.24%.

PositionTTM20252024202320222021202020192018201720162015
VWRL.L
Vanguard FTSE All-World UCITS ETF Distributing		1.24%1.39%1.49%1.72%2.03%1.45%1.58%1.95%2.22%1.90%1.85%2.00%
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%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 1.00, VWRP.L and VWRL.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.

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 0.22% for VWRP.L.

Both ETFs track FTSE All-World Index. Their fees differ too: 0.22% for VWRP.L and 0.19% for VWRL.L.

Portfolio Optimizer

Find the right allocation for VWRP.L and VWRL.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer