TPSA.AS vs. VWCE.DE
TPSA.AS (iShares $ TIPS UCITS ETF USD (Acc)) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - TPSA.AS is a Inflation-Protected Bonds fund tracking the Bloomberg Gbl Infl Linked US TIPS TR USD, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, TPSA.AS returned 1.90%/yr vs 12.28%/yr for VWCE.DE. At a 0.06 correlation, their price movements are largely independent. TPSA.AS charges 0.12%/yr vs 0.19%/yr for VWCE.DE.
Performance
TPSA.AS vs. VWCE.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TPSA.AS achieves a 2.53% return, which is significantly lower than VWCE.DE's 12.64% return.
TPSA.AS
- 1D
- -0.13%
- 1M
- 0.70%
- YTD
- 2.53%
- 6M
- 1.56%
- 1Y
- 3.01%
- 3Y*
- 1.06%
- 5Y*
- 1.90%
- 10Y*
- 2.38%
VWCE.DE
- 1D
- -0.21%
- 1M
- 5.01%
- YTD
- 12.64%
- 6M
- 13.33%
- 1Y
- 26.41%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
TPSA.AS vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TPSA.AS iShares $ TIPS UCITS ETF USD (Acc) | 2.53% | -5.59% | 8.47% | 0.33% | -7.67% | 15.08% | 1.51% | 1.45% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.64% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 8.01% |
Correlation
The correlation between TPSA.AS and VWCE.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.06 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TPSA.AS vs. VWCE.DE — Risk / Return Rank
TPSA.AS
VWCE.DE
TPSA.AS vs. VWCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ TIPS UCITS ETF USD (Acc) (TPSA.AS) 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.
| TPSA.AS | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.43 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 4.01 | -3.25 |
| Martin ratioReturn relative to average drawdown | 1.95 | 16.55 | -14.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TPSA.AS | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 2.31 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.88 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.79 | -0.33 |
Drawdowns
TPSA.AS vs. VWCE.DE - Drawdown Comparison
The maximum TPSA.AS drawdown since its inception was -19.92%, smaller than the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for TPSA.AS and VWCE.DE.
Loading charts...
Drawdown Indicators
| TPSA.AS | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.92% | -33.43% | +13.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -6.55% | +2.58% |
Max Drawdown (3Y)Largest decline over 3 years | -10.93% | -21.07% | +10.14% |
Max Drawdown (5Y)Largest decline over 5 years | -15.19% | -21.07% | +5.88% |
Max Drawdown (10Y)Largest decline over 10 years | -15.80% | — | — |
Current DrawdownCurrent decline from peak | -8.08% | -0.66% | -7.42% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -4.69% | -1.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 1.59% | -0.01% |
Volatility
TPSA.AS vs. VWCE.DE - Volatility Comparison
The current volatility for iShares $ TIPS UCITS ETF USD (Acc) (TPSA.AS) is 0.89%, while Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a volatility of 3.06%. This indicates that TPSA.AS experiences smaller price fluctuations and is considered to be less risky than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TPSA.AS | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 3.06% | -2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 3.83% | 8.18% | -4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.86% | 11.37% | -5.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.38% | 13.75% | -5.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.15% | 16.16% | -8.01% |
TPSA.AS vs. VWCE.DE - Expense Ratio Comparison
TPSA.AS has a 0.12% expense ratio, which is lower than VWCE.DE's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TPSA.AS vs. VWCE.DE - Dividend Comparison
Neither TPSA.AS nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
TPSA.AS and VWCE.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TPSA.AS is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TPSA.AS is cheaper with a 0.12% expense ratio, compared with 0.19% for VWCE.DE.
TPSA.AS is categorized as Inflation-Protected Bonds, while VWCE.DE is Global Equities. TPSA.AS tracks Bloomberg Gbl Infl Linked US TIPS TR USD, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.12% for TPSA.AS and 0.19% for VWCE.DE.
Find the right allocation for TPSA.AS and VWCE.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer