L0CK.DE vs. VWCE.DE
L0CK.DE (iShares Digital Security UCITS ETF USD (Acc)) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - L0CK.DE is a Technology Equities fund tracking the STOXX® Global Digital Security, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, L0CK.DE returned 9.15%/yr vs 11.89%/yr for VWCE.DE. A 0.80 correlation means they provide meaningful diversification when combined. L0CK.DE charges 0.40%/yr vs 0.19%/yr for VWCE.DE.
Performance
L0CK.DE vs. VWCE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, L0CK.DE achieves a 13.84% return, which is significantly higher than VWCE.DE's 11.72% return.
L0CK.DE
- 1D
- 0.00%
- 1M
- 3.35%
- YTD
- 13.84%
- 6M
- 13.45%
- 1Y
- 18.63%
- 3Y*
- 15.72%
- 5Y*
- 9.15%
- 10Y*
- —
VWCE.DE
- 1D
- 1.82%
- 1M
- 1.89%
- YTD
- 11.72%
- 6M
- 13.39%
- 1Y
- 26.35%
- 3Y*
- 17.02%
- 5Y*
- 11.89%
- 10Y*
- —
L0CK.DE vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
L0CK.DE iShares Digital Security UCITS ETF USD (Acc) | 13.84% | -0.12% | 22.77% | 29.72% | -25.24% | 27.00% | 14.80% | 5.93% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.72% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 7.08% |
Correlation
The correlation between L0CK.DE and VWCE.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.80 |
Over the past year, the correlation between L0CK.DE and VWCE.DE has dropped to 0.55 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
L0CK.DE vs. VWCE.DE — Risk / Return Rank
L0CK.DE
VWCE.DE
L0CK.DE vs. VWCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Digital Security UCITS ETF USD (Acc) (L0CK.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.
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.
| L0CK.DE | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.41 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 3.92 | -2.67 |
| Martin ratioReturn relative to average drawdown | 3.16 | 16.07 | -12.91 |
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Drawdowns
L0CK.DE vs. VWCE.DE - Drawdown Comparison
The maximum L0CK.DE drawdown since its inception was -32.45%, roughly equal to the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for L0CK.DE and VWCE.DE.
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Drawdown Indicators
| L0CK.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.45% | -33.43% | +0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -14.05% | -6.55% | -7.50% |
Max Drawdown (3Y)Largest decline over 3 years | -27.04% | -21.07% | -5.97% |
Max Drawdown (5Y)Largest decline over 5 years | -28.51% | -21.07% | -7.44% |
Current DrawdownCurrent decline from peak | -9.70% | -1.47% | -8.23% |
Average DrawdownAverage peak-to-trough decline | -9.03% | -4.68% | -4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.57% | 1.60% | +3.97% |
Volatility
L0CK.DE vs. VWCE.DE - Volatility Comparison
iShares Digital Security UCITS ETF USD (Acc) (L0CK.DE) has a higher volatility of 9.46% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.40%. This indicates that L0CK.DE'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.
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Volatility by Period
| L0CK.DE | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.46% | 3.40% | +6.06% |
Volatility (6M)Calculated over the trailing 6-month period | 17.82% | 8.51% | +9.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.69% | 11.63% | +11.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.33% | 13.79% | +6.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.48% | 16.16% | +4.32% |
L0CK.DE vs. VWCE.DE - Expense Ratio Comparison
L0CK.DE has a 0.40% expense ratio, which is higher than VWCE.DE's 0.19% expense ratio.
Dividends
L0CK.DE vs. VWCE.DE - Dividend Comparison
Neither L0CK.DE nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
L0CK.DE and VWCE.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.40% for L0CK.DE.
L0CK.DE is categorized as Technology Equities, while VWCE.DE is Global Equities. L0CK.DE tracks STOXX® Global Digital Security, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.40% for L0CK.DE and 0.19% for VWCE.DE.
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