V3AA.DE vs. VGWE.DE
V3AA.DE (Vanguard ESG Global All Cap UCITS ETF (USD) Acc) and VGWE.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc) are both exchange-traded funds - V3AA.DE is a Global Equities fund tracking the FTSE Global All Cap Choice Index, while VGWE.DE is a Dividend fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, V3AA.DE returned 11.33%/yr vs 11.47%/yr for VGWE.DE. A 0.77 correlation means they provide meaningful diversification when combined. V3AA.DE charges 0.24%/yr vs 0.29%/yr for VGWE.DE.
Performance
V3AA.DE vs. VGWE.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with V3AA.DE having a 12.77% return and VGWE.DE slightly lower at 12.43%.
V3AA.DE
- 1D
- -0.11%
- 1M
- 4.35%
- YTD
- 12.77%
- 6M
- 13.07%
- 1Y
- 26.49%
- 3Y*
- 17.62%
- 5Y*
- 11.33%
- 10Y*
- —
VGWE.DE
- 1D
- 0.23%
- 1M
- 2.28%
- YTD
- 12.43%
- 6M
- 13.64%
- 1Y
- 24.97%
- 3Y*
- 15.83%
- 5Y*
- 11.47%
- 10Y*
- —
V3AA.DE vs. VGWE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
V3AA.DE Vanguard ESG Global All Cap UCITS ETF (USD) Acc | 12.77% | 7.60% | 24.41% | 20.63% | -18.04% | 20.19% |
VGWE.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc | 12.43% | 12.81% | 15.59% | 7.89% | 0.02% | 14.41% |
Correlation
The correlation between V3AA.DE and VGWE.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021 | 0.77 |
The correlation between V3AA.DE and VGWE.DE has been stable across timeframes, ranging from 0.67 to 0.77 - a consistent structural relationship.
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Return for Risk
V3AA.DE vs. VGWE.DE — Risk / Return Rank
V3AA.DE
VGWE.DE
V3AA.DE vs. VGWE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Global All Cap UCITS ETF (USD) Acc (V3AA.DE) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc (VGWE.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.
| V3AA.DE | VGWE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.47 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 4.11 | -0.81 |
| Martin ratioReturn relative to average drawdown | 13.32 | 15.82 | -2.50 |
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
| V3AA.DE | VGWE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.60 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.99 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 1.10 | -0.28 |
Drawdowns
V3AA.DE vs. VGWE.DE - Drawdown Comparison
The maximum V3AA.DE drawdown since its inception was -22.30%, which is greater than VGWE.DE's maximum drawdown of -16.43%. Use the drawdown chart below to compare losses from any high point for V3AA.DE and VGWE.DE.
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Drawdown Indicators
| V3AA.DE | VGWE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.30% | -16.43% | -5.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -6.00% | -2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -22.30% | -16.43% | -5.87% |
Max Drawdown (5Y)Largest decline over 5 years | -22.30% | -16.43% | -5.87% |
Current DrawdownCurrent decline from peak | -0.75% | -0.37% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -2.37% | -3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.56% | +0.47% |
Volatility
V3AA.DE vs. VGWE.DE - Volatility Comparison
Vanguard ESG Global All Cap UCITS ETF (USD) Acc (V3AA.DE) has a higher volatility of 3.38% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc (VGWE.DE) at 2.38%. This indicates that V3AA.DE's price experiences larger fluctuations and is considered to be riskier than VGWE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| V3AA.DE | VGWE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 2.38% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 7.18% | +1.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.42% | 9.47% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 11.51% | +2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 12.23% | +2.10% |
V3AA.DE vs. VGWE.DE - Expense Ratio Comparison
V3AA.DE has a 0.24% expense ratio, which is lower than VGWE.DE's 0.29% expense ratio.
Dividends
V3AA.DE vs. VGWE.DE - Dividend Comparison
Neither V3AA.DE nor VGWE.DE has paid dividends to shareholders.
Frequently Asked Questions
V3AA.DE and VGWE.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3AA.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3AA.DE is cheaper with a 0.24% expense ratio, compared with 0.29% for VGWE.DE.
V3AA.DE is categorized as Global Equities, while VGWE.DE is Dividend. V3AA.DE tracks FTSE Global All Cap Choice Index, while VGWE.DE tracks FTSE All-World High Dividend Yield Index. Their fees differ too: 0.24% for V3AA.DE and 0.29% for VGWE.DE.
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