GASF.DE vs. WRLD.DE

Last updated Jul 16, 2026

GASF.DE (Goldman Sachs Access China Government Bond UCITS ETF USD Inc) and WRLD.DE (Rize Environmental Impact 100 UCITS ETF) are both exchange-traded funds - GASF.DE is a Emerging Markets Bonds fund tracking the FTSE Goldman Sachs China Government Bond Index, while WRLD.DE is a Global Equities fund tracking the Foxberry SMS Environmental Impact 100. Both are passively managed. Over the past 3 years, GASF.DE returned 5.09%/yr vs 7.84%/yr for WRLD.DE. At a correlation of -0.03, they often move in opposite directions. GASF.DE charges 0.24%/yr vs 0.55%/yr for WRLD.DE.

Performance

GASF.DE vs. WRLD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Goldman Sachs Access China Government Bond UCITS ETF USD Inc (GASF.DE) and Rize Environmental Impact 100 UCITS ETF (WRLD.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GASF.DE achieves a 7.95% return, which is significantly lower than WRLD.DE's 13.49% return.

GASF.DE

• 1D: 0.06%
• 1M: 1.40%
• 6M: 6.61%
• YTD: 7.95%
• 1Y: 8.98%
• 3Y*: 5.09%
• 5Y*: 3.52%
• 10Y*: —

WRLD.DE

• 1D: 0.00%
• 1M: -2.36%
• 6M: 7.56%
• YTD: 13.49%
• 1Y: 18.75%
• 3Y*: 7.84%
• 5Y*: —
• 10Y*: —

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

GASF.DE vs. WRLD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GASF.DE Goldman Sachs Access China Government Bond UCITS ETF USD Inc	7.95%	-6.82%	10.85%	-2.28%	0.91%	7.48%
WRLD.DE Rize Environmental Impact 100 UCITS ETF	13.49%	11.71%	1.59%	11.63%	-16.39%	8.18%

Correlation

The correlation between GASF.DE and WRLD.DE is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jul 23, 2021	-0.03

Return for Risk

GASF.DE vs. WRLD.DE — Risk / Return Rank

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

GASF.DE

GASF.DE Risk / Return Rank: 69
GASF.DE Sharpe Ratio Rank: 69
GASF.DE Sortino Ratio Rank: 74
GASF.DE Omega Ratio Rank: 72
GASF.DE Calmar Ratio Rank: 70
GASF.DE Martin Ratio Rank: 60

WRLD.DE

WRLD.DE Risk / Return Rank: 45
WRLD.DE Sharpe Ratio Rank: 41
WRLD.DE Sortino Ratio Rank: 39
WRLD.DE Omega Ratio Rank: 39
WRLD.DE Calmar Ratio Rank: 58
WRLD.DE Martin Ratio Rank: 50

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.

GASF.DE vs. WRLD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access China Government Bond UCITS ETF USD Inc (GASF.DE) and Rize Environmental Impact 100 UCITS ETF (WRLD.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.

	GASF.DE	WRLD.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.21	+0.61
Sortino ratio: Return per unit of downside risk	2.68	1.72	+0.96
Omega ratio: Gain probability vs. loss probability	1.34	1.22	+0.12
Calmar ratio: Return relative to maximum drawdown	2.84	2.38	+0.46
Martin ratio: Return relative to average drawdown	8.54	6.85	+1.68

GASF.DE vs. WRLD.DE - Sharpe Ratio Comparison

The current GASF.DE Sharpe Ratio is 1.81, which is higher than the WRLD.DE Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of GASF.DE and WRLD.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.

Drawdowns

GASF.DE vs. WRLD.DE - Drawdown Comparison

The maximum GASF.DE drawdown since its inception was -13.75%, smaller than the maximum WRLD.DE drawdown of -23.55%. Use the drawdown chart below to compare losses from any high point for GASF.DE and WRLD.DE.

Drawdown Indicators

	GASF.DE	WRLD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-13.75%	-23.55%	+9.80%
Max Drawdown (1Y) Largest decline over 1 year	-3.40%	-7.90%	+4.50%
Max Drawdown (3Y) Largest decline over 3 years	-11.00%	-19.51%	+8.51%
Max Drawdown (5Y) Largest decline over 5 years	-13.75%	—	—
Current Drawdown Current decline from peak	-1.53%	-4.56%	+3.03%
Average Drawdown Average peak-to-trough decline	-6.06%	-9.37%	+3.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.12%	2.75%	-1.63%

Volatility

GASF.DE vs. WRLD.DE - Volatility Comparison

The current volatility for Goldman Sachs Access China Government Bond UCITS ETF USD Inc (GASF.DE) is 1.48%, while Rize Environmental Impact 100 UCITS ETF (WRLD.DE) has a volatility of 4.47%. This indicates that GASF.DE experiences smaller price fluctuations and is considered to be less risky than WRLD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GASF.DE	WRLD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.48%	4.47%	-2.99%
Volatility (6M) Calculated over the trailing 6-month period	3.45%	12.32%	-8.87%
Volatility (1Y) Calculated over the trailing 1-year period	5.35%	15.57%	-10.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.68%	16.98%	-10.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.71%	16.98%	-9.27%

GASF.DE vs. WRLD.DE - Expense Ratio Comparison

GASF.DE has a 0.24% expense ratio, which is lower than WRLD.DE's 0.55% expense ratio.

Dividends

GASF.DE vs. WRLD.DE - Dividend Comparison

GASF.DE's dividend yield for the trailing twelve months is around 1.98%, while WRLD.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
GASF.DE Goldman Sachs Access China Government Bond UCITS ETF USD Inc	1.98%	2.36%	2.35%	2.63%	2.73%	2.40%	1.99%
WRLD.DE Rize Environmental Impact 100 UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GASF.DE and WRLD.DE in my portfolio?

GASF.DE and WRLD.DE have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GASF.DE or WRLD.DE?

On fees, GASF.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GASF.DE or WRLD.DE?

GASF.DE is cheaper with a 0.24% expense ratio, compared with 0.55% for WRLD.DE.

What is the main difference between GASF.DE and WRLD.DE?

GASF.DE is categorized as Emerging Markets Bonds, while WRLD.DE is Global Equities. GASF.DE tracks FTSE Goldman Sachs China Government Bond Index, while WRLD.DE tracks Foxberry SMS Environmental Impact 100. Their fees differ too: 0.24% for GASF.DE and 0.55% for WRLD.DE.