BBCK.DE vs. VWCE.DE
BBCK.DE (Invesco Global Buyback Achievers UCITS ETF) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both Global Equities funds - BBCK.DE tracks the Nasdaq Global Buyback Achievers while VWCE.DE tracks the FTSE All-World Index. Both are passively managed. Over the past 5 years, BBCK.DE returned 10.80%/yr vs 12.28%/yr for VWCE.DE. A 0.72 correlation means they provide meaningful diversification when combined. BBCK.DE charges 0.39%/yr vs 0.19%/yr for VWCE.DE.
Performance
BBCK.DE vs. VWCE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BBCK.DE achieves a 7.16% return, which is significantly lower than VWCE.DE's 12.64% return.
BBCK.DE
- 1D
- 0.98%
- 1M
- 1.42%
- YTD
- 7.16%
- 6M
- 8.41%
- 1Y
- 21.98%
- 3Y*
- 18.50%
- 5Y*
- 10.80%
- 10Y*
- 11.96%
VWCE.DE
- 1D
- -0.21%
- 1M
- 5.01%
- YTD
- 12.64%
- 6M
- 13.33%
- 1Y
- 26.41%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
BBCK.DE vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BBCK.DE Invesco Global Buyback Achievers UCITS ETF | 7.16% | 16.70% | 19.10% | 11.74% | -6.44% | 30.65% | 1.65% | 9.54% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.64% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 8.01% |
Correlation
The correlation between BBCK.DE and VWCE.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.72 |
The correlation between BBCK.DE and VWCE.DE has been stable across timeframes, ranging from 0.67 to 0.77 - a consistent structural relationship.
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Return for Risk
BBCK.DE vs. VWCE.DE — Risk / Return Rank
BBCK.DE
VWCE.DE
BBCK.DE vs. VWCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Buyback Achievers UCITS ETF (BBCK.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.
| BBCK.DE | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.43 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.97 | 4.01 | +0.96 |
| Martin ratioReturn relative to average drawdown | 14.50 | 16.55 | -2.05 |
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
| BBCK.DE | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 2.31 | -0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.88 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.79 | +0.07 |
Drawdowns
BBCK.DE vs. VWCE.DE - Drawdown Comparison
The maximum BBCK.DE drawdown since its inception was -33.23%, roughly equal to the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for BBCK.DE and VWCE.DE.
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Drawdown Indicators
| BBCK.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.23% | -33.43% | +0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -4.40% | -6.55% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -21.54% | -21.07% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -21.54% | -21.07% | -0.47% |
Max Drawdown (10Y)Largest decline over 10 years | -33.23% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.66% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -4.61% | -4.69% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.59% | -0.08% |
Volatility
BBCK.DE vs. VWCE.DE - Volatility Comparison
The current volatility for Invesco Global Buyback Achievers UCITS ETF (BBCK.DE) is 2.79%, while Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a volatility of 3.06%. This indicates that BBCK.DE experiences smaller price fluctuations and is considered to be less risky than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBCK.DE | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.79% | 3.06% | -0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 7.81% | 8.18% | -0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 11.37% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.39% | 13.75% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.85% | 16.16% | +2.69% |
BBCK.DE vs. VWCE.DE - Expense Ratio Comparison
BBCK.DE has a 0.39% expense ratio, which is higher than VWCE.DE's 0.19% expense ratio.
Dividends
BBCK.DE vs. VWCE.DE - Dividend Comparison
BBCK.DE's dividend yield for the trailing twelve months is around 1.69%, while VWCE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBCK.DE Invesco Global Buyback Achievers UCITS ETF | 1.69% | 1.88% | 1.79% | 1.75% | 1.97% | 1.18% | 1.61% | 1.84% | 1.35% | 1.18% | 1.63% | 1.28% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BBCK.DE and VWCE.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.39% for BBCK.DE.
BBCK.DE tracks Nasdaq Global Buyback Achievers, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.39% for BBCK.DE and 0.19% for VWCE.DE.
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