ASWC.DE vs. VWCE.DE

Last updated Jun 5, 2026

ASWC.DE (HANetf Future of Defence UCITS ETF Acc EUR) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - ASWC.DE is a Aerospace & Defense fund tracking the EQM Future of Defence Index, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past year, ASWC.DE returned 17.13% vs 26.41% for VWCE.DE. A 0.63 correlation means they provide meaningful diversification when combined. ASWC.DE charges 0.49%/yr vs 0.19%/yr for VWCE.DE.

Performance

ASWC.DE vs. VWCE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) and Vanguard FTSE All-World UCITS ETF (VWCE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ASWC.DE having a 13.04% return and VWCE.DE slightly lower at 12.64%.

ASWC.DE

• 1D: -0.80%
• 1M: 8.16%
• YTD: 13.04%
• 6M: 14.70%
• 1Y: 17.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VWCE.DE

• 1D: -0.21%
• 1M: 5.01%
• YTD: 12.64%
• 6M: 13.33%
• 1Y: 26.41%
• 3Y*: 17.85%
• 5Y*: 12.28%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASWC.DE vs. VWCE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR	13.04%	38.30%	39.36%	14.35%
VWCE.DE Vanguard FTSE All-World UCITS ETF	12.64%	9.16%	24.41%	5.54%

Correlation

The correlation between ASWC.DE and VWCE.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023	0.63

The correlation between ASWC.DE and VWCE.DE shifts across timeframes, from 0.47 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ASWC.DE vs. VWCE.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASWC.DE

ASWC.DE Risk / Return Rank: 25
ASWC.DE Sharpe Ratio Rank: 25
ASWC.DE Sortino Ratio Rank: 25
ASWC.DE Omega Ratio Rank: 24
ASWC.DE Calmar Ratio Rank: 29
ASWC.DE Martin Ratio Rank: 24

VWCE.DE

VWCE.DE Risk / Return Rank: 76
VWCE.DE Sharpe Ratio Rank: 72
VWCE.DE Sortino Ratio Rank: 73
VWCE.DE Omega Ratio Rank: 74
VWCE.DE Calmar Ratio Rank: 79
VWCE.DE Martin Ratio Rank: 83

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.

ASWC.DE vs. VWCE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) and Vanguard FTSE All-World UCITS ETF (VWCE.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.

	ASWC.DE	VWCE.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.84	2.31	-1.47
Sortino ratio: Return per unit of downside risk	1.30	3.24	-1.94
Omega ratio: Gain probability vs. loss probability	1.16	1.43	-0.28
Calmar ratio: Return relative to maximum drawdown	1.36	4.01	-2.66
Martin ratio: Return relative to average drawdown	3.10	16.55	-13.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASWC.DE vs. VWCE.DE - Sharpe Ratio Comparison

The current ASWC.DE Sharpe Ratio is 0.84, which is lower than the VWCE.DE Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of ASWC.DE and VWCE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ASWC.DE	VWCE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.84	2.31	-1.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.91	0.79	+1.12

Drawdowns

ASWC.DE vs. VWCE.DE - Drawdown Comparison

The maximum ASWC.DE drawdown since its inception was -12.58%, smaller than the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for ASWC.DE and VWCE.DE.

Drawdown Indicators

	ASWC.DE	VWCE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-12.58%	-33.43%	+20.85%
Max Drawdown (1Y) Largest decline over 1 year	-12.58%	-6.55%	-6.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.07%	—
Current Drawdown Current decline from peak	-2.83%	-0.66%	-2.17%
Average Drawdown Average peak-to-trough decline	-2.47%	-4.69%	+2.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.51%	1.59%	+3.92%

Volatility

ASWC.DE vs. VWCE.DE - Volatility Comparison

HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) has a higher volatility of 5.89% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.06%. This indicates that ASWC.DE's price experiences larger fluctuations and is considered to be riskier than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASWC.DE	VWCE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.89%	3.06%	+2.83%
Volatility (6M) Calculated over the trailing 6-month period	15.89%	8.18%	+7.71%
Volatility (1Y) Calculated over the trailing 1-year period	20.35%	11.37%	+8.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.12%	13.75%	+5.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.12%	16.16%	+2.96%

ASWC.DE vs. VWCE.DE - Expense Ratio Comparison

ASWC.DE has a 0.49% expense ratio, which is higher than VWCE.DE's 0.19% expense ratio.

Dividends

ASWC.DE vs. VWCE.DE - Dividend Comparison

Neither ASWC.DE nor VWCE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ASWC.DE and VWCE.DE in my portfolio?

ASWC.DE and VWCE.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASWC.DE or VWCE.DE?

On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASWC.DE or VWCE.DE?

VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.49% for ASWC.DE.

What is the main difference between ASWC.DE and VWCE.DE?

ASWC.DE is categorized as Aerospace & Defense, while VWCE.DE is Global Equities. ASWC.DE tracks EQM Future of Defence Index, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: HANetf and Vanguard. Their fees differ too: 0.49% for ASWC.DE and 0.19% for VWCE.DE.