EDMW.DE vs. VWCE.DE
EDMW.DE (iShares MSCI World ESG Enhanced UCITS ETF USD (Acc)) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both Global Equities funds - EDMW.DE tracks the MSCI World ESG Enhanced Focus while VWCE.DE tracks the FTSE All-World Index. Both are passively managed. Over the past 5 years, EDMW.DE returned 11.55%/yr vs 12.28%/yr for VWCE.DE. With a 0.99 correlation, they move nearly in lockstep. EDMW.DE charges 0.20%/yr vs 0.19%/yr for VWCE.DE.
Performance
EDMW.DE vs. VWCE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EDMW.DE achieves a 10.19% return, which is significantly lower than VWCE.DE's 12.64% return.
EDMW.DE
- 1D
- 0.06%
- 1M
- 3.69%
- YTD
- 10.19%
- 6M
- 10.25%
- 1Y
- 21.91%
- 3Y*
- 16.27%
- 5Y*
- 11.55%
- 10Y*
- —
VWCE.DE
- 1D
- -0.21%
- 1M
- 3.63%
- YTD
- 12.64%
- 6M
- 12.84%
- 1Y
- 26.31%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
EDMW.DE vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EDMW.DE iShares MSCI World ESG Enhanced UCITS ETF USD (Acc) | 10.19% | 6.42% | 25.12% | 18.98% | -15.82% | 33.40% | 6.84% | 8.24% |
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 EDMW.DE and VWCE.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.99 |
The correlation between EDMW.DE and VWCE.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
EDMW.DE vs. VWCE.DE — Risk / Return Rank
EDMW.DE
VWCE.DE
EDMW.DE vs. VWCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World ESG Enhanced UCITS ETF USD (Acc) (EDMW.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.
| EDMW.DE | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.43 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.07 | 4.01 | -0.95 |
| Martin ratioReturn relative to average drawdown | 12.11 | 16.55 | -4.44 |
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
| EDMW.DE | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.93 | 2.31 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.88 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.78 | 0.79 | -0.01 |
Drawdowns
EDMW.DE vs. VWCE.DE - Drawdown Comparison
The maximum EDMW.DE drawdown since its inception was -33.12%, roughly equal to the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for EDMW.DE and VWCE.DE.
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Drawdown Indicators
| EDMW.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.12% | -33.43% | +0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -7.18% | -6.55% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -21.20% | -21.07% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -21.20% | -21.07% | -0.13% |
Current DrawdownCurrent decline from peak | -0.32% | -0.66% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -4.69% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.82% | 1.59% | +0.23% |
Volatility
EDMW.DE vs. VWCE.DE - Volatility Comparison
The current volatility for iShares MSCI World ESG Enhanced UCITS ETF USD (Acc) (EDMW.DE) is 2.75%, while Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a volatility of 3.06%. This indicates that EDMW.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
| EDMW.DE | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.75% | 3.06% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.83% | 8.18% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.41% | 11.37% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.23% | 13.75% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.27% | 16.16% | +0.11% |
EDMW.DE vs. VWCE.DE - Expense Ratio Comparison
EDMW.DE has a 0.20% expense ratio, which is higher than VWCE.DE's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EDMW.DE vs. VWCE.DE - Dividend Comparison
Neither EDMW.DE nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, EDMW.DE and VWCE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.20% for EDMW.DE.
EDMW.DE tracks MSCI World ESG Enhanced Focus, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for EDMW.DE and 0.19% for VWCE.DE.
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