GERD.DE vs. VWCE.DE

Last updated Jun 5, 2026

GERD.DE (L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both Global Equities funds - GERD.DE tracks the Solactive Gerd Kommer Multifactor Equity while VWCE.DE tracks the FTSE All-World Index. Both are passively managed. Over the past year, GERD.DE returned 26.06% vs 26.41% for VWCE.DE. Their correlation of 0.85 suggests significant overlap in exposure. GERD.DE charges 0.50%/yr vs 0.19%/yr for VWCE.DE.

Performance

GERD.DE vs. VWCE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.DE) and Vanguard FTSE All-World UCITS ETF (VWCE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GERD.DE achieves a 14.41% return, which is significantly higher than VWCE.DE's 12.64% return.

GERD.DE

• 1D: -0.18%
• 1M: 5.63%
• YTD: 14.41%
• 6M: 15.59%
• 1Y: 26.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VWCE.DE

• 1D: -0.21%
• 1M: 5.01%
• YTD: 12.64%
• 6M: 13.33%
• 1Y: 26.41%
• 3Y*: 17.85%
• 5Y*: 12.28%
• 10Y*: —

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

GERD.DE vs. VWCE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GERD.DE L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc	14.41%	10.26%	18.54%	7.85%
VWCE.DE Vanguard FTSE All-World UCITS ETF	12.64%	9.16%	24.41%	7.39%

Correlation

The correlation between GERD.DE and VWCE.DE is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023	0.85

The correlation between GERD.DE and VWCE.DE has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.

Return for Risk

GERD.DE vs. VWCE.DE — Risk / Return Rank

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

GERD.DE

GERD.DE Risk / Return Rank: 71
GERD.DE Sharpe Ratio Rank: 67
GERD.DE Sortino Ratio Rank: 65
GERD.DE Omega Ratio Rank: 67
GERD.DE Calmar Ratio Rank: 78
GERD.DE Martin Ratio Rank: 80

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.

GERD.DE vs. VWCE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.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.

	GERD.DE	VWCE.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.31	-0.14
Sortino ratio: Return per unit of downside risk	2.96	3.24	-0.28
Omega ratio: Gain probability vs. loss probability	1.39	1.43	-0.04
Calmar ratio: Return relative to maximum drawdown	3.92	4.01	-0.09
Martin ratio: Return relative to average drawdown	15.42	16.55	-1.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GERD.DE vs. VWCE.DE - Sharpe Ratio Comparison

The current GERD.DE Sharpe Ratio is 2.18, which is comparable to the VWCE.DE Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of GERD.DE 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

	GERD.DE	VWCE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	2.31	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	0.79	+0.56

Drawdowns

GERD.DE vs. VWCE.DE - Drawdown Comparison

The maximum GERD.DE drawdown since its inception was -19.22%, smaller than the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for GERD.DE and VWCE.DE.

Drawdown Indicators

	GERD.DE	VWCE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-19.22%	-33.43%	+14.21%
Max Drawdown (1Y) Largest decline over 1 year	-6.61%	-6.55%	-0.06%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.07%	—
Current Drawdown Current decline from peak	-0.19%	-0.66%	+0.47%
Average Drawdown Average peak-to-trough decline	-2.24%	-4.69%	+2.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.69%	1.59%	+0.10%

Volatility

GERD.DE vs. VWCE.DE - Volatility Comparison

L&G Gerd Kommer Multifactor Equity UCITS ETF USD Acc (GERD.DE) and Vanguard FTSE All-World UCITS ETF (VWCE.DE) have volatilities of 3.18% and 3.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GERD.DE	VWCE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.18%	3.06%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	8.49%	8.18%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	11.92%	11.37%	+0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.95%	13.75%	-0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.95%	16.16%	-3.21%

GERD.DE vs. VWCE.DE - Expense Ratio Comparison

GERD.DE has a 0.50% expense ratio, which is higher than VWCE.DE's 0.19% expense ratio.

Dividends

GERD.DE vs. VWCE.DE - Dividend Comparison

Neither GERD.DE nor VWCE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

GERD.DE and VWCE.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GERD.DE or VWCE.DE?

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.

Which ETF is cheaper, GERD.DE or VWCE.DE?

VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.50% for GERD.DE.

What is the main difference between GERD.DE and VWCE.DE?

GERD.DE tracks Solactive Gerd Kommer Multifactor Equity, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: LGIM Managers (Europe) Limited and Vanguard. Their fees differ too: 0.50% for GERD.DE and 0.19% for VWCE.DE.