WRDA.L vs. VHVE.L
WRDA.L (UBS Core MSCI World UCITS ETF USD Acc) and VHVE.L (Vanguard FTSE Developed World UCITS ETF USD Acc) are both Global Equities funds - WRDA.L tracks the MSCI World Index while VHVE.L tracks the FTSE Developed. Both are passively managed. Over the past year, WRDA.L returned 26.06% vs 29.43% for VHVE.L. Their correlation of 0.88 suggests significant overlap in exposure. WRDA.L charges 0.06%/yr vs 0.12%/yr for VHVE.L.
Performance
WRDA.L vs. VHVE.L - Performance Comparison
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Different Trading Currencies
WRDA.L is traded in GBp, while VHVE.L is traded in USD. To make them comparable, the VHVE.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, WRDA.L achieves a 9.82% return, which is significantly lower than VHVE.L's 12.16% return.
WRDA.L
- 1D
- 0.00%
- 1M
- 0.79%
- YTD
- 9.82%
- 6M
- 9.92%
- 1Y
- 26.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VHVE.L
- 1D
- 0.54%
- 1M
- 1.05%
- YTD
- 12.16%
- 6M
- 12.31%
- 1Y
- 29.43%
- 3Y*
- 19.05%
- 5Y*
- 12.69%
- 10Y*
- —
WRDA.L vs. VHVE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
WRDA.L UBS Core MSCI World UCITS ETF USD Acc | 9.82% | 12.77% | 20.02% |
VHVE.L Vanguard FTSE Developed World UCITS ETF USD Acc | 12.16% | 13.48% | 18.63% |
Correlation
The correlation between WRDA.L and VHVE.L is 0.87, 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 | 0.87 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.88 |
The correlation between WRDA.L and VHVE.L has been stable across timeframes, ranging from 0.87 to 0.88 - a consistent structural relationship.
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Return for Risk
WRDA.L vs. VHVE.L — Risk / Return Rank
WRDA.L
VHVE.L
WRDA.L vs. VHVE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) and Vanguard FTSE Developed World UCITS ETF USD Acc (VHVE.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.
| WRDA.L | VHVE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.44 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 4.24 | -3.29 |
| Martin ratioReturn relative to average drawdown | 1.42 | 16.20 | -14.78 |
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Drawdowns
WRDA.L vs. VHVE.L - Drawdown Comparison
The maximum WRDA.L drawdown since its inception was -27.39%, which is greater than VHVE.L's maximum drawdown of -25.61%. Use the drawdown chart below to compare losses from any high point for WRDA.L and VHVE.L.
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Drawdown Indicators
| WRDA.L | VHVE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.39% | -25.61% | -1.78% |
Max Drawdown (1Y)Largest decline over 1 year | -27.39% | -6.75% | -20.64% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.37% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.37% | — |
Current DrawdownCurrent decline from peak | -16.67% | -1.17% | -15.50% |
Average DrawdownAverage peak-to-trough decline | -7.98% | -3.31% | -4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.33% | 1.77% | +16.56% |
Volatility
WRDA.L vs. VHVE.L - Volatility Comparison
The current volatility for UBS Core MSCI World UCITS ETF USD Acc (WRDA.L) is 3.18%, while Vanguard FTSE Developed World UCITS ETF USD Acc (VHVE.L) has a volatility of 3.92%. This indicates that WRDA.L experiences smaller price fluctuations and is considered to be less risky than VHVE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WRDA.L | VHVE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 3.92% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 7.69% | 9.66% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.19% | 12.18% | +31.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.78% | 14.44% | +15.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.78% | 16.29% | +13.49% |
WRDA.L vs. VHVE.L - Expense Ratio Comparison
WRDA.L has a 0.06% expense ratio, which is lower than VHVE.L's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
WRDA.L vs. VHVE.L - Dividend Comparison
Neither WRDA.L nor VHVE.L has paid dividends to shareholders.
Frequently Asked Questions
WRDA.L and VHVE.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WRDA.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WRDA.L is cheaper with a 0.06% expense ratio, compared with 0.12% for VHVE.L.
WRDA.L tracks MSCI World Index, while VHVE.L tracks FTSE Developed. They also come from different issuers: UBS and Vanguard. Their fees differ too: 0.06% for WRDA.L and 0.12% for VHVE.L.
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