EUMD.L vs. VWCG.DE
EUMD.L (iShares MSCI Europe Mid Cap UCITS ETF EUR (Acc)) and VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) are both Europe Equities funds - EUMD.L tracks the MSCI Europe SMID NR EUR while VWCG.DE tracks the FTSE Developed Europe. Both are passively managed. Over the past 5 years, EUMD.L returned 7.59%/yr vs 9.96%/yr for VWCG.DE. Their correlation of 0.88 suggests significant overlap in exposure. EUMD.L charges 0.15%/yr vs 0.10%/yr for VWCG.DE.
Performance
EUMD.L vs. VWCG.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUMD.L achieves a 8.46% return, which is significantly higher than VWCG.DE's 7.34% return.
EUMD.L
- 1D
- 0.88%
- 1M
- 1.78%
- YTD
- 8.46%
- 6M
- 10.56%
- 1Y
- 16.06%
- 3Y*
- 15.37%
- 5Y*
- 7.59%
- 10Y*
- —
VWCG.DE
- 1D
- 0.57%
- 1M
- 3.14%
- YTD
- 7.34%
- 6M
- 9.89%
- 1Y
- 16.38%
- 3Y*
- 14.09%
- 5Y*
- 9.96%
- 10Y*
- —
EUMD.L vs. VWCG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EUMD.L iShares MSCI Europe Mid Cap UCITS ETF EUR (Acc) | 8.46% | 22.51% | 9.04% | 14.18% | -18.40% | 21.41% | 3.99% | 13.07% |
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 7.34% | 20.45% | 8.94% | 16.07% | -9.71% | 24.74% | -2.59% | 11.39% |
Correlation
The correlation between EUMD.L and VWCG.DE is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2019 | 0.88 |
The correlation between EUMD.L and VWCG.DE has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.
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Return for Risk
EUMD.L vs. VWCG.DE — Risk / Return Rank
EUMD.L
VWCG.DE
EUMD.L vs. VWCG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe Mid Cap UCITS ETF EUR (Acc) (EUMD.L) and Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.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.
| EUMD.L | VWCG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 1.70 | +0.19 |
| Martin ratioReturn relative to average drawdown | 7.18 | 6.40 | +0.78 |
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
| EUMD.L | VWCG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 1.26 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.69 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.64 | -0.16 |
Drawdowns
EUMD.L vs. VWCG.DE - Drawdown Comparison
The maximum EUMD.L drawdown since its inception was -37.48%, which is greater than VWCG.DE's maximum drawdown of -35.68%. Use the drawdown chart below to compare losses from any high point for EUMD.L and VWCG.DE.
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Drawdown Indicators
| EUMD.L | VWCG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.48% | -35.68% | -1.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.46% | -9.58% | +1.12% |
Max Drawdown (3Y)Largest decline over 3 years | -13.86% | -16.07% | +2.21% |
Max Drawdown (5Y)Largest decline over 5 years | -29.29% | -20.10% | -9.19% |
Current DrawdownCurrent decline from peak | -1.02% | -1.51% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -6.79% | -5.10% | -1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 2.55% | -0.32% |
Volatility
EUMD.L vs. VWCG.DE - Volatility Comparison
The current volatility for iShares MSCI Europe Mid Cap UCITS ETF EUR (Acc) (EUMD.L) is 4.00%, while Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) has a volatility of 4.33%. This indicates that EUMD.L experiences smaller price fluctuations and is considered to be less risky than VWCG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUMD.L | VWCG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.00% | 4.33% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.53% | 10.64% | -1.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.96% | 12.91% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 14.29% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.24% | 17.09% | -0.85% |
EUMD.L vs. VWCG.DE - Expense Ratio Comparison
EUMD.L has a 0.15% expense ratio, which is higher than VWCG.DE's 0.10% 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
EUMD.L vs. VWCG.DE - Dividend Comparison
Neither EUMD.L nor VWCG.DE has paid dividends to shareholders.
Frequently Asked Questions
EUMD.L and VWCG.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCG.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for EUMD.L.
EUMD.L tracks MSCI Europe SMID NR EUR, while VWCG.DE tracks FTSE Developed Europe. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.15% for EUMD.L and 0.10% for VWCG.DE.
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