EU13.L vs. VWCE.DE
EU13.L (SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - EU13.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt 1-3 Yr TR EUR, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, EU13.L returned 0.68%/yr vs 11.75%/yr for VWCE.DE. At a 0.05 correlation, their price movements are largely independent. EU13.L charges 0.15%/yr vs 0.19%/yr for VWCE.DE.
Performance
EU13.L vs. VWCE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EU13.L achieves a 0.42% return, which is significantly lower than VWCE.DE's 12.91% return.
EU13.L
- 1D
- 0.04%
- 1M
- 0.35%
- YTD
- 0.42%
- 6M
- 0.52%
- 1Y
- 1.15%
- 3Y*
- 2.78%
- 5Y*
- 0.68%
- 10Y*
- 0.22%
VWCE.DE
- 1D
- -0.36%
- 1M
- 1.00%
- YTD
- 12.91%
- 6M
- 13.38%
- 1Y
- 27.21%
- 3Y*
- 18.35%
- 5Y*
- 11.75%
- 10Y*
- —
EU13.L vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EU13.L SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 0.42% | 2.22% | 3.00% | 3.28% | -4.95% | -0.82% | -0.17% | -0.38% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.91% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 7.08% |
Correlation
The correlation between EU13.L and VWCE.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.05 |
The correlation between EU13.L and VWCE.DE shifts across timeframes, from 0.05 (all time) to 0.25 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EU13.L vs. VWCE.DE — Risk / Return Rank
EU13.L
VWCE.DE
EU13.L vs. VWCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (EU13.L) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EU13.L | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.43 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 4.14 | -3.21 |
| Martin ratioReturn relative to average drawdown | 2.76 | 16.98 | -14.22 |
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Drawdowns
EU13.L vs. VWCE.DE - Drawdown Comparison
The maximum EU13.L drawdown since its inception was -7.13%, smaller than the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for EU13.L and VWCE.DE.
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Drawdown Indicators
| EU13.L | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.13% | -33.43% | +26.30% |
Max Drawdown (1Y)Largest decline over 1 year | -1.24% | -6.55% | +5.31% |
Max Drawdown (3Y)Largest decline over 3 years | -1.24% | -21.07% | +19.83% |
Max Drawdown (5Y)Largest decline over 5 years | -6.00% | -21.07% | +15.07% |
Max Drawdown (10Y)Largest decline over 10 years | -7.13% | — | — |
Current DrawdownCurrent decline from peak | -0.17% | -1.11% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -4.66% | +3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 1.60% | -1.18% |
Volatility
EU13.L vs. VWCE.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF (EU13.L) is 0.32%, while Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a volatility of 3.43%. This indicates that EU13.L 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
| EU13.L | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.32% | 3.43% | -3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.12% | 8.47% | -7.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.25% | 11.65% | -10.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.67% | 13.81% | -12.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.31% | 16.14% | -14.83% |
EU13.L vs. VWCE.DE - Expense Ratio Comparison
EU13.L has a 0.15% expense ratio, which is lower than VWCE.DE's 0.19% 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
EU13.L vs. VWCE.DE - Dividend Comparison
EU13.L's dividend yield for the trailing twelve months is around 2.28%, while VWCE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
EU13.L SPDR Bloomberg 1-3 Year Euro Government Bond UCITS ETF | 2.28% | 1.84% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 0.00% | 0.00% |
Frequently Asked Questions
EU13.L and VWCE.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EU13.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EU13.L is cheaper with a 0.15% expense ratio, compared with 0.19% for VWCE.DE.
EU13.L is categorized as European Government Bonds, while VWCE.DE is Global Equities. EU13.L tracks Bloomberg Euro Agg Govt 1-3 Yr TR EUR, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.15% for EU13.L and 0.19% for VWCE.DE.
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