PSWD.DE vs. VHGEX
Compare and contrast key facts about Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) and Vanguard Global Equity Fund (VHGEX).
PSWD.DE is a passively managed fund by Invesco that tracks the performance of the FTSE RAFI All-World 3000. It was launched on Dec 3, 2007. VHGEX is managed by Vanguard. It was launched on Aug 14, 1995.
Performance
PSWD.DE vs. VHGEX - Performance Comparison
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PSWD.DE vs. VHGEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 4.56% | 14.64% | 17.68% | 12.73% | -3.63% | 31.90% | -3.90% | 26.32% | -9.60% | 5.60% |
VHGEX Vanguard Global Equity Fund | -4.09% | 6.83% | 20.90% | 19.82% | -17.93% | 21.52% | 12.29% | 31.63% | -4.89% | 12.09% |
Different Trading Currencies
PSWD.DE is traded in EUR, while VHGEX is traded in USD. To make them comparable, the VHGEX values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, PSWD.DE achieves a 4.56% return, which is significantly higher than VHGEX's -4.09% return. Over the past 10 years, PSWD.DE has outperformed VHGEX with an annualized return of 11.15%, while VHGEX has yielded a comparatively lower 10.45% annualized return.
PSWD.DE
- 1D
- 1.74%
- 1M
- -3.21%
- YTD
- 4.56%
- 6M
- 10.38%
- 1Y
- 17.47%
- 3Y*
- 15.89%
- 5Y*
- 11.74%
- 10Y*
- 11.15%
VHGEX
- 1D
- 2.62%
- 1M
- -4.79%
- YTD
- -4.09%
- 6M
- -2.82%
- 1Y
- 9.48%
- 3Y*
- 11.21%
- 5Y*
- 5.98%
- 10Y*
- 10.45%
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PSWD.DE vs. VHGEX - Expense Ratio Comparison
PSWD.DE has a 0.39% expense ratio, which is lower than VHGEX's 0.45% expense ratio.
Return for Risk
PSWD.DE vs. VHGEX — Risk / Return Rank
PSWD.DE
VHGEX
PSWD.DE vs. VHGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) and Vanguard Global Equity Fund (VHGEX). 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.
| PSWD.DE | VHGEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 0.48 | +0.69 |
Sortino ratioReturn per unit of downside risk | 1.54 | 0.80 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.12 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.74 | +1.08 |
Martin ratioReturn relative to average drawdown | 9.09 | 2.53 | +6.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSWD.DE | VHGEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.48 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.35 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.59 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.37 | +0.25 |
Correlation
The correlation between PSWD.DE and VHGEX is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PSWD.DE vs. VHGEX - Dividend Comparison
PSWD.DE's dividend yield for the trailing twelve months is around 1.95%, less than VHGEX's 13.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 1.95% | 2.03% | 2.27% | 2.48% | 2.66% | 1.92% | 1.98% | 2.37% | 2.56% | 2.06% | 1.97% | 2.02% |
VHGEX Vanguard Global Equity Fund | 13.12% | 12.38% | 4.24% | 1.15% | 11.32% | 10.90% | 2.88% | 6.20% | 8.45% | 1.29% | 1.51% | 1.71% |
Drawdowns
PSWD.DE vs. VHGEX - Drawdown Comparison
The maximum PSWD.DE drawdown since its inception was -36.39%, smaller than the maximum VHGEX drawdown of -60.74%. Use the drawdown chart below to compare losses from any high point for PSWD.DE and VHGEX.
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Drawdown Indicators
| PSWD.DE | VHGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.39% | -64.81% | +28.42% |
Max Drawdown (1Y)Largest decline over 1 year | -13.81% | -12.10% | -1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -18.19% | -33.02% | +14.83% |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | -33.23% | -3.16% |
Current DrawdownCurrent decline from peak | -3.51% | -8.87% | +5.36% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -10.00% | +5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 3.33% | -1.36% |
Volatility
PSWD.DE vs. VHGEX - Volatility Comparison
The current volatility for Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) is 4.42%, while Vanguard Global Equity Fund (VHGEX) has a volatility of 5.86%. This indicates that PSWD.DE experiences smaller price fluctuations and is considered to be less risky than VHGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSWD.DE | VHGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 5.86% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 8.10% | 11.61% | -3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.85% | 21.09% | -6.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.16% | 17.09% | -3.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.29% | 17.75% | -2.46% |