GAMA.L vs. VWCE.DE

Last updated Jun 5, 2026

GAMA.L (Gamma Communications plc) is a stock, while VWCE.DE (Vanguard FTSE All-World UCITS ETF) is Global Equities fund tracking the FTSE All-World Index. Over the past 5 years, GAMA.L returned -12.79%/yr vs 12.44%/yr for VWCE.DE. At a 0.26 correlation, their price movements are largely independent.

Performance

GAMA.L vs. VWCE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Gamma Communications plc (GAMA.L) and Vanguard FTSE All-World UCITS ETF (VWCE.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

GAMA.L is traded in GBp, while VWCE.DE is traded in EUR. To make them comparable, the VWCE.DE values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, GAMA.L achieves a 4.84% return, which is significantly lower than VWCE.DE's 11.75% return.

GAMA.L

• 1D: 0.47%
• 1M: 6.12%
• YTD: 4.84%
• 6M: 3.38%
• 1Y: -17.70%
• 3Y*: -5.63%
• 5Y*: -12.79%
• 10Y*: 9.28%

VWCE.DE

• 1D: -0.08%
• 1M: 5.25%
• YTD: 11.75%
• 6M: 12.23%
• 1Y: 29.82%
• 3Y*: 18.02%
• 5Y*: 12.44%
• 10Y*: —

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

GAMA.L vs. VWCE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
GAMA.L Gamma Communications plc	4.84%	-38.48%	37.47%	5.50%	-33.64%	0.94%	24.70%	32.11%
VWCE.DE Vanguard FTSE All-World UCITS ETF	11.75%	14.84%	18.99%	15.82%	-8.73%	19.54%	11.30%	3.08%

Correlation

The correlation between GAMA.L and VWCE.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019	0.26

The correlation between GAMA.L and VWCE.DE shifts across timeframes, from 0.26 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

GAMA.L vs. VWCE.DE — Risk / Return Rank

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

GAMA.L

GAMA.L Risk / Return Rank: 21
GAMA.L Sharpe Ratio Rank: 18
GAMA.L Sortino Ratio Rank: 17
GAMA.L Omega Ratio Rank: 17
GAMA.L Calmar Ratio Rank: 27
GAMA.L Martin Ratio Rank: 25

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.

GAMA.L vs. VWCE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gamma Communications plc (GAMA.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.

	GAMA.L	VWCE.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.54	2.74	-3.28
Sortino ratio: Return per unit of downside risk	-0.65	3.76	-4.41
Omega ratio: Gain probability vs. loss probability	0.92	1.51	-0.59
Calmar ratio: Return relative to maximum drawdown	-0.43	4.23	-4.66
Martin ratio: Return relative to average drawdown	-0.86	16.88	-17.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GAMA.L vs. VWCE.DE - Sharpe Ratio Comparison

The current GAMA.L Sharpe Ratio is -0.54, which is lower than the VWCE.DE Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of GAMA.L 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

	GAMA.L	VWCE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.54	2.74	-3.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.44	0.92	-1.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.79	-0.26

Drawdowns

GAMA.L vs. VWCE.DE - Drawdown Comparison

The maximum GAMA.L drawdown since its inception was -68.18%, which is greater than VWCE.DE's maximum drawdown of -25.99%. Use the drawdown chart below to compare losses from any high point for GAMA.L and VWCE.DE.

Drawdown Indicators

	GAMA.L	VWCE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-68.18%	-25.99%	-42.19%
Max Drawdown (1Y) Largest decline over 1 year	-41.34%	-7.02%	-34.32%
Max Drawdown (3Y) Largest decline over 3 years	-58.48%	-18.90%	-39.58%
Max Drawdown (5Y) Largest decline over 5 years	-68.18%	-18.90%	-49.28%
Max Drawdown (10Y) Largest decline over 10 years	-68.18%	—	—
Current Drawdown Current decline from peak	-56.03%	-0.46%	-55.57%
Average Drawdown Average peak-to-trough decline	-22.08%	-3.46%	-18.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.64%	1.76%	+18.88%

Volatility

GAMA.L vs. VWCE.DE - Volatility Comparison

Gamma Communications plc (GAMA.L) has a higher volatility of 11.04% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.18%. This indicates that GAMA.L'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

	GAMA.L	VWCE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.04%	3.18%	+7.86%
Volatility (6M) Calculated over the trailing 6-month period	28.19%	7.98%	+20.21%
Volatility (1Y) Calculated over the trailing 1-year period	32.63%	10.85%	+21.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.15%	13.30%	+15.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.33%	15.51%	+14.82%

Dividends

GAMA.L vs. VWCE.DE - Dividend Comparison

GAMA.L's dividend yield for the trailing twelve months is around 2.33%, while VWCE.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GAMA.L Gamma Communications plc	2.33%	2.21%	1.17%	1.39%	1.28%	0.74%	0.66%	0.73%	1.19%	1.21%	1.48%	1.43%
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

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

GAMA.L and VWCE.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.