VWRP vs VWRL: which ETF is better?
Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP) and Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL) compared on fees, holdings overlap, dividend yield, returns and risk, using the latest data.
- VWRP and VWRL have very high overlap: 100% of each fund by weight sits in the same holdings.
- Both charge the same expense ratio, 0.14% a year.
- Over the last 5 years, VWRP returned an average of 9.5% a year against 9.5% for VWRL, with dividends reinvested.
- VWRL pays more income, yielding 1.38% over the last 12 months against 0.00% for VWRP.
- Overlap by weight
- 99.7%
- Shared holdings
- 3,639
| VWRP | VWRL | |
|---|---|---|
| Name | Vanguard FTSE All-World UCITS ETF (USD) Accumulating | Vanguard FTSE All-World UCITS ETF (USD) Distributing |
| Issuer | Vanguard | Vanguard |
| Listed on | London Stock Exchange · GBP | London Stock Exchange · GBP |
| Expense ratio | 0.14% | 0.14% |
| Assets (AUM) | £66.3B | £66.3B |
| Launched | Jul 23, 2019 | May 22, 2012 |
| Holdings | 3,642 | 3,641 |
| Dividend yield (12m) | 0.00% | 1.38% · quarterly |
| Asset class | Equity | Equity |
| Annualised return | VWRP | VWRL |
|---|---|---|
| 1 year | +9.6% | +9.6% |
| 3 years | +16.7% | +16.7% |
| 5 years | +9.5% | +9.5% |
| 10 years | — | +11.6% |
| Volatility | 11.8% | 11.8% |
| Max drawdown | -25.1% | -25.0% |
Volatility is the annualised standard deviation of daily returns over 3 years. Max drawdown is the largest fall from a peak over the last 10 years, or since launch.
| Holding | VWRP | VWRL |
|---|---|---|
| NVDANVIDIA Corp | 5.03% | 5.03% |
| AAPLApple Inc | 4.54% | 4.54% |
| MSFTMicrosoft Corp | 3.60% | 3.60% |
| AMZNAmazon.com Inc | 2.28% | 2.28% |
| GOOGLAlphabet Inc | 1.92% | 1.92% |
| 2330.TWTaiwan Semiconductor Manufacturing Co Ltd | 1.79% | 1.79% |
| AVGOBroadcom Inc | 1.54% | 1.54% |
| METAMeta Platforms Inc | 1.50% | 1.50% |
| GOOGAlphabet Inc | 1.50% | 1.50% |
| MUMicron Technology Inc | 1.13% | 1.13% |
Pull each fund's details, full price history and holdings into Google Sheets or Excel, so your comparison updates itself.
=SF("VWRP.L","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("VWRP.L","2019-07-01",TODAY(),"dailyAdj")=SF("VWRL.L","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("VWRL.L","2019-07-01",TODAY(),"dailyAdj")Prices to Nov 6, 2026; holdings last checked Nov 6, 2026. Returns are in each fund's trading currency (GBP). Past performance doesn't predict future returns. For information only, not investment advice.
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VWRP vs VWRL: frequently asked questions
How much do VWRP and VWRL overlap?
99.7% by weight. They share 3,639 holdings, and that share of each fund is invested in exactly the same positions. That's very high, so holding both adds little diversification.
Is VWRP or VWRL cheaper?
They cost the same: both have an expense ratio of 0.14% a year.
Which has performed better, VWRP or VWRL?
Over the last 5 years, VWRP has. VWRP returned 9.5% and VWRL 9.5% a year on average, including reinvested dividends, as of Nov 6, 2026. Past returns don't predict future ones.
Which pays a higher dividend, VWRP or VWRL?
VWRL does. Over the last 12 months VWRP yielded 0.00%, and VWRL 1.38%, paid quarterly.
Should I hold both VWRP and VWRL?
Holding both mostly doubles up on the same stocks, since 100% of each fund is in the same positions. Most investors pick one, often the cheaper one. This is general information, not advice.
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