V3AA.DE vs. VGWL.DE
V3AA.DE (Vanguard ESG Global All Cap UCITS ETF (USD) Acc) and VGWL.DE (Vanguard FTSE All-World UCITS ETF Distributing) are both Global Equities funds from Vanguard - V3AA.DE tracks the FTSE Global All Cap Choice Index while VGWL.DE tracks the FTSE All-World. Both are passively managed. Over the past 5 years, V3AA.DE returned 11.33%/yr vs 12.28%/yr for VGWL.DE. With a 0.98 correlation, they move nearly in lockstep. V3AA.DE charges 0.24%/yr vs 0.22%/yr for VGWL.DE.
Performance
V3AA.DE vs. VGWL.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 VGWL.DE slightly lower at 12.63%.
V3AA.DE
- 1D
- -0.11%
- 1M
- 4.35%
- YTD
- 12.77%
- 6M
- 13.07%
- 1Y
- 26.49%
- 3Y*
- 17.62%
- 5Y*
- 11.33%
- 10Y*
- —
VGWL.DE
- 1D
- -0.24%
- 1M
- 3.64%
- YTD
- 12.63%
- 6M
- 12.78%
- 1Y
- 26.26%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
V3AA.DE vs. VGWL.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% |
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing | 12.63% | 9.18% | 24.40% | 18.17% | -13.48% | 19.63% |
Correlation
The correlation between V3AA.DE and VGWL.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021 | 0.98 |
The correlation between V3AA.DE and VGWL.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
V3AA.DE vs. VGWL.DE — Risk / Return Rank
V3AA.DE
VGWL.DE
V3AA.DE vs. VGWL.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 UCITS ETF Distributing (VGWL.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 | VGWL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.44 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | 3.99 | -0.69 |
| Martin ratioReturn relative to average drawdown | 13.32 | 16.38 | -3.06 |
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 | VGWL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.32 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.88 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.77 | +0.05 |
Drawdowns
V3AA.DE vs. VGWL.DE - Drawdown Comparison
The maximum V3AA.DE drawdown since its inception was -22.30%, smaller than the maximum VGWL.DE drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for V3AA.DE and VGWL.DE.
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Drawdown Indicators
| V3AA.DE | VGWL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.30% | -33.40% | +11.10% |
Max Drawdown (1Y)Largest decline over 1 year | -8.16% | -6.57% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -22.30% | -21.04% | -1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -22.30% | -21.04% | -1.26% |
Current DrawdownCurrent decline from peak | -0.75% | -0.64% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -5.91% | -4.34% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.61% | +0.42% |
Volatility
V3AA.DE vs. VGWL.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 UCITS ETF Distributing (VGWL.DE) at 3.02%. This indicates that V3AA.DE's price experiences larger fluctuations and is considered to be riskier than VGWL.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 | VGWL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 3.02% | +0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 9.13% | 8.13% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.42% | 11.29% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.42% | 13.76% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 15.51% | -1.18% |
V3AA.DE vs. VGWL.DE - Expense Ratio Comparison
V3AA.DE has a 0.24% expense ratio, which is higher than VGWL.DE's 0.22% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
V3AA.DE vs. VGWL.DE - Dividend Comparison
V3AA.DE has not paid dividends to shareholders, while VGWL.DE's dividend yield for the trailing twelve months is around 1.24%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
V3AA.DE Vanguard ESG Global All Cap UCITS ETF (USD) Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing | 1.24% | 1.42% | 1.48% | 1.73% | 2.09% | 1.43% | 1.56% | 1.87% | 2.26% | 0.37% |
Frequently Asked Questions
With a correlation of 0.97, V3AA.DE and VGWL.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VGWL.DE is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGWL.DE is cheaper with a 0.22% expense ratio, compared with 0.24% for V3AA.DE.
V3AA.DE tracks FTSE Global All Cap Choice Index, while VGWL.DE tracks FTSE All-World. Their fees differ too: 0.24% for V3AA.DE and 0.22% for VGWL.DE.
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