HNR1.DE vs. VGVE.DE

Last updated Jun 5, 2026

HNR1.DE (Hannover Rück SE) is a stock, while VGVE.DE (Vanguard FTSE Developed World UCITS ETF Distributing) is Global Equities fund tracking the FTSE Developed. Over the past 5 years, HNR1.DE returned 13.51%/yr vs 12.95%/yr for VGVE.DE. At a 0.37 correlation, their price movements are largely independent.

Performance

HNR1.DE vs. VGVE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Hannover Rück SE (HNR1.DE) and Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HNR1.DE achieves a -11.22% return, which is significantly lower than VGVE.DE's 12.54% return.

HNR1.DE

• 1D: 0.27%
• 1M: -9.24%
• YTD: -11.22%
• 6M: -6.43%
• 1Y: -15.41%
• 3Y*: 7.58%
• 5Y*: 13.51%
• 10Y*: 12.80%

VGVE.DE

• 1D: -0.18%
• 1M: 3.92%
• YTD: 12.54%
• 6M: 12.77%
• 1Y: 26.01%
• 3Y*: 18.04%
• 5Y*: 12.95%
• 10Y*: —

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

HNR1.DE vs. VGVE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HNR1.DE Hannover Rück SE	-11.22%	13.83%	15.17%	20.36%	15.47%	32.14%	-21.42%	52.31%	17.14%	-4.07%
VGVE.DE Vanguard FTSE Developed World UCITS ETF Distributing	12.54%	8.78%	24.92%	19.91%	-13.71%	31.39%	5.44%	30.68%	-5.85%	2.00%

Correlation

The correlation between HNR1.DE and VGVE.DE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017	0.37

Over the past year, the correlation between HNR1.DE and VGVE.DE has dropped to 0.13 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

Return for Risk

HNR1.DE vs. VGVE.DE — Risk / Return Rank

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

HNR1.DE

HNR1.DE Risk / Return Rank: 9
HNR1.DE Sharpe Ratio Rank: 10
HNR1.DE Sortino Ratio Rank: 11
HNR1.DE Omega Ratio Rank: 12
HNR1.DE Calmar Ratio Rank: 7
HNR1.DE Martin Ratio Rank: 5

VGVE.DE

VGVE.DE Risk / Return Rank: 77
VGVE.DE Sharpe Ratio Rank: 72
VGVE.DE Sortino Ratio Rank: 72
VGVE.DE Omega Ratio Rank: 75
VGVE.DE Calmar Ratio Rank: 81
VGVE.DE Martin Ratio Rank: 84

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.

HNR1.DE vs. VGVE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hannover Rück SE (HNR1.DE) and Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.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.

	HNR1.DE	VGVE.DE	Difference
Sharpe ratio: Return per unit of total volatility	-0.78	2.32	-3.10
Sortino ratio: Return per unit of downside risk	-1.03	3.24	-4.27
Omega ratio: Gain probability vs. loss probability	0.88	1.44	-0.56
Calmar ratio: Return relative to maximum drawdown	-0.89	4.15	-5.04
Martin ratio: Return relative to average drawdown	-1.51	17.12	-18.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HNR1.DE vs. VGVE.DE - Sharpe Ratio Comparison

The current HNR1.DE Sharpe Ratio is -0.78, which is lower than the VGVE.DE Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of HNR1.DE and VGVE.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

	HNR1.DE	VGVE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.78	2.32	-3.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.91	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.79	-0.34

Drawdowns

HNR1.DE vs. VGVE.DE - Drawdown Comparison

The maximum HNR1.DE drawdown since its inception was -65.65%, which is greater than VGVE.DE's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for HNR1.DE and VGVE.DE.

Drawdown Indicators

	HNR1.DE	VGVE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-65.65%	-33.63%	-32.02%
Max Drawdown (1Y) Largest decline over 1 year	-17.52%	-6.27%	-11.25%
Max Drawdown (3Y) Largest decline over 3 years	-17.52%	-21.26%	+3.74%
Max Drawdown (5Y) Largest decline over 5 years	-24.47%	-21.26%	-3.21%
Max Drawdown (10Y) Largest decline over 10 years	-44.13%	—	—
Current Drawdown Current decline from peak	-16.84%	-0.58%	-16.26%
Average Drawdown Average peak-to-trough decline	-15.42%	-4.35%	-11.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.32%	1.52%	+8.80%

Volatility

HNR1.DE vs. VGVE.DE - Volatility Comparison

Hannover Rück SE (HNR1.DE) has a higher volatility of 5.96% compared to Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.DE) at 2.88%. This indicates that HNR1.DE's price experiences larger fluctuations and is considered to be riskier than VGVE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HNR1.DE	VGVE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	2.88%	+3.08%
Volatility (6M) Calculated over the trailing 6-month period	15.36%	7.93%	+7.43%
Volatility (1Y) Calculated over the trailing 1-year period	19.97%	11.23%	+8.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.74%	14.00%	+8.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.50%	15.63%	+7.87%

Dividends

HNR1.DE vs. VGVE.DE - Dividend Comparison

HNR1.DE's dividend yield for the trailing twelve months is around 5.56%, more than VGVE.DE's 1.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HNR1.DE Hannover Rück SE	5.56%	3.38%	2.98%	2.77%	3.10%	2.69%	4.22%	3.05%	4.25%	4.77%	4.62%	4.02%
VGVE.DE Vanguard FTSE Developed World UCITS ETF Distributing	1.06%	1.22%	1.36%	1.59%	1.93%	1.22%	1.40%	1.67%	1.95%	0.34%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HNR1.DE and VGVE.DE in my portfolio?

HNR1.DE and VGVE.DE have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.