AE5B.DE vs. VGWL.DE
AE5B.DE (Amundi MSCI Europe Climate Action UCITS ETF Dist) and VGWL.DE (Vanguard FTSE All-World UCITS ETF Distributing) are both exchange-traded funds - AE5B.DE is a Europe Equities fund tracking the MSCI Europe Climate Action, while VGWL.DE is a Global Equities fund tracking the FTSE All-World. Both are passively managed. Over the past year, AE5B.DE returned 12.32% vs 26.36% for VGWL.DE. A 0.71 correlation means they provide meaningful diversification when combined. AE5B.DE charges 0.09%/yr vs 0.22%/yr for VGWL.DE.
Performance
AE5B.DE vs. VGWL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AE5B.DE achieves a 5.29% return, which is significantly lower than VGWL.DE's 12.63% return.
AE5B.DE
- 1D
- 0.62%
- 1M
- 2.96%
- YTD
- 5.29%
- 6M
- 7.80%
- 1Y
- 12.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGWL.DE
- 1D
- -0.24%
- 1M
- 5.01%
- YTD
- 12.63%
- 6M
- 13.34%
- 1Y
- 26.36%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
AE5B.DE vs. VGWL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AE5B.DE Amundi MSCI Europe Climate Action UCITS ETF Dist | 5.29% | 16.59% | 7.50% | 3.40% |
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing | 12.63% | 9.18% | 24.40% | 6.01% |
Correlation
The correlation between AE5B.DE and VGWL.DE is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2023 | 0.71 |
The correlation between AE5B.DE and VGWL.DE has been stable across timeframes, ranging from 0.71 to 0.73 - a consistent structural relationship.
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Return for Risk
AE5B.DE vs. VGWL.DE — Risk / Return Rank
AE5B.DE
VGWL.DE
AE5B.DE vs. VGWL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Europe Climate Action UCITS ETF Dist (AE5B.DE) and Vanguard FTSE All-World UCITS ETF Distributing (VGWL.DE). 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.
| AE5B.DE | VGWL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.44 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 3.99 | -2.83 |
| Martin ratioReturn relative to average drawdown | 3.95 | 16.38 | -12.43 |
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
| AE5B.DE | VGWL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 2.32 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.77 | +0.05 |
Drawdowns
AE5B.DE vs. VGWL.DE - Drawdown Comparison
The maximum AE5B.DE drawdown since its inception was -16.86%, smaller than the maximum VGWL.DE drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for AE5B.DE and VGWL.DE.
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Drawdown Indicators
| AE5B.DE | VGWL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.86% | -33.40% | +16.54% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -6.57% | -3.95% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.04% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.04% | — |
Current DrawdownCurrent decline from peak | -1.65% | -0.64% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -2.57% | -4.34% | +1.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 1.61% | +1.50% |
Volatility
AE5B.DE vs. VGWL.DE - Volatility Comparison
Amundi MSCI Europe Climate Action UCITS ETF Dist (AE5B.DE) has a higher volatility of 3.86% compared to Vanguard FTSE All-World UCITS ETF Distributing (VGWL.DE) at 3.02%. This indicates that AE5B.DE's price experiences larger fluctuations and is considered to be riskier than VGWL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AE5B.DE | VGWL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 3.02% | +0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 10.85% | 8.13% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.37% | 11.29% | +2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.34% | 13.76% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.34% | 15.51% | -2.17% |
AE5B.DE vs. VGWL.DE - Expense Ratio Comparison
AE5B.DE has a 0.09% expense ratio, which is lower than VGWL.DE's 0.22% 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
AE5B.DE vs. VGWL.DE - Dividend Comparison
AE5B.DE's dividend yield for the trailing twelve months is around 2.16%, more than VGWL.DE's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
AE5B.DE Amundi MSCI Europe Climate Action UCITS ETF Dist | 2.16% | 2.28% | 2.68% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing | 1.24% | 1.42% | 1.48% | 1.73% | 2.09% | 1.43% | 1.56% | 1.87% | 2.26% | 0.37% |
Frequently Asked Questions
AE5B.DE and VGWL.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AE5B.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AE5B.DE is cheaper with a 0.09% expense ratio, compared with 0.22% for VGWL.DE.
AE5B.DE is categorized as Europe Equities, while VGWL.DE is Global Equities. AE5B.DE tracks MSCI Europe Climate Action, while VGWL.DE tracks FTSE All-World. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.09% for AE5B.DE and 0.22% for VGWL.DE.
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