WPAD.AS vs. VWRL.AS
WPAD.AS (iShares MSCI World Paris-Aligned Climate UCITS ETF) and VWRL.AS (Vanguard FTSE All-World UCITS ETF (USD) Distributing) are both Global Equities funds - WPAD.AS tracks the MSCI ACWI NR USD while VWRL.AS tracks the FTSE All-World Index. Both are passively managed. Over the past 5 years, WPAD.AS returned 10.99%/yr vs 11.27%/yr for VWRL.AS. A 0.57 correlation means they provide meaningful diversification when combined. WPAD.AS charges 0.20%/yr vs 0.19%/yr for VWRL.AS.
Performance
WPAD.AS vs. VWRL.AS - Performance Comparison
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Different Trading Currencies
WPAD.AS is traded in USD, while VWRL.AS is traded in EUR. To make them comparable, the VWRL.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, WPAD.AS achieves a 6.29% return, which is significantly lower than VWRL.AS's 11.75% return.
WPAD.AS
- 1D
- -0.58%
- 1M
- 4.56%
- YTD
- 6.29%
- 6M
- 8.00%
- 1Y
- 22.00%
- 3Y*
- 18.84%
- 5Y*
- 10.99%
- 10Y*
- —
VWRL.AS
- 1D
- -0.68%
- 1M
- 5.41%
- YTD
- 11.75%
- 6M
- 13.24%
- 1Y
- 29.51%
- 3Y*
- 21.22%
- 5Y*
- 11.27%
- 10Y*
- 12.72%
WPAD.AS vs. VWRL.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WPAD.AS iShares MSCI World Paris-Aligned Climate UCITS ETF | 6.29% | 19.02% | 18.93% | 24.83% | -22.07% | 12.00% |
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing | 11.75% | 22.96% | 17.81% | 21.80% | -18.84% | 8.27% |
Correlation
The correlation between WPAD.AS and VWRL.AS is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2021 | 0.57 |
Over the past year, WPAD.AS and VWRL.AS have become more correlated (0.82) than their long-term average of 0.57, meaning their price movements have been converging.
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Return for Risk
WPAD.AS vs. VWRL.AS — Risk / Return Rank
WPAD.AS
VWRL.AS
WPAD.AS vs. VWRL.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Paris-Aligned Climate UCITS ETF (WPAD.AS) and Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.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.
| WPAD.AS | VWRL.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.44 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 3.27 | -0.90 |
| Martin ratioReturn relative to average drawdown | 9.47 | 14.11 | -4.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WPAD.AS | VWRL.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 2.43 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.73 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.70 | +0.14 |
Drawdowns
WPAD.AS vs. VWRL.AS - Drawdown Comparison
The maximum WPAD.AS drawdown since its inception was -29.34%, smaller than the maximum VWRL.AS drawdown of -33.75%. Use the drawdown chart below to compare losses from any high point for WPAD.AS and VWRL.AS.
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Drawdown Indicators
| WPAD.AS | VWRL.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.34% | -33.75% | +4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | -8.89% | -1.06% |
Max Drawdown (3Y)Largest decline over 3 years | -17.77% | -17.19% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -29.34% | -26.23% | -3.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.75% | — |
Current DrawdownCurrent decline from peak | -0.58% | -0.68% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -6.31% | -4.79% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 2.08% | +0.34% |
Volatility
WPAD.AS vs. VWRL.AS - Volatility Comparison
iShares MSCI World Paris-Aligned Climate UCITS ETF (WPAD.AS) and Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS) have volatilities of 3.74% and 3.79%, 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
| WPAD.AS | VWRL.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 3.79% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.99% | 9.18% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 11.98% | +0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.21% | 15.24% | +4.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.19% | 15.70% | +4.49% |
WPAD.AS vs. VWRL.AS - Expense Ratio Comparison
WPAD.AS has a 0.20% expense ratio, which is higher than VWRL.AS'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
WPAD.AS vs. VWRL.AS - Dividend Comparison
WPAD.AS's dividend yield for the trailing twelve months is around 0.98%, less than VWRL.AS's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing | 1.24% | 1.42% | 1.47% | 1.74% | 2.10% | 1.43% | 1.56% | 1.89% | 2.24% | 1.93% | 1.95% | 2.03% |
WPAD.AS iShares MSCI World Paris-Aligned Climate UCITS ETF | 0.98% | 1.05% | 1.10% | 1.23% | 1.48% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
WPAD.AS and VWRL.AS have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWRL.AS is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWRL.AS is cheaper with a 0.19% expense ratio, compared with 0.20% for WPAD.AS.
WPAD.AS tracks MSCI ACWI NR USD, while VWRL.AS tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for WPAD.AS and 0.19% for VWRL.AS.
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