VA.TO vs. VWCG.DE

Last updated Jun 14, 2026

VA.TO (Vanguard FTSE Developed Asia Pacific All Cap Index ETF) and VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) are both exchange-traded funds - VA.TO is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific All Cap Index, while VWCG.DE is a Europe Equities fund tracking the FTSE Developed Europe. Both are passively managed. Over the past 5 years, VA.TO returned 12.79%/yr vs 12.21%/yr for VWCG.DE. A 0.52 correlation means they provide meaningful diversification when combined. VA.TO charges 0.22%/yr vs 0.10%/yr for VWCG.DE.

Performance

VA.TO vs. VWCG.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Developed Asia Pacific All Cap Index ETF (VA.TO) and Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VA.TO is traded in CAD, while VWCG.DE is traded in EUR. To make them comparable, the VWCG.DE values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VA.TO achieves a 29.12% return, which is significantly higher than VWCG.DE's 9.51% return.

VA.TO

• 1D: 0.34%
• 1M: 2.30%
• YTD: 29.12%
• 6M: 29.94%
• 1Y: 52.99%
• 3Y*: 22.49%
• 5Y*: 12.79%
• 10Y*: 11.51%

VWCG.DE

• 1D: 1.97%
• 1M: 6.39%
• YTD: 9.51%
• 6M: 11.68%
• 1Y: 22.88%
• 3Y*: 18.75%
• 5Y*: 12.21%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VA.TO vs. VWCG.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VA.TO Vanguard FTSE Developed Asia Pacific All Cap Index ETF	29.12%	26.08%	10.31%	12.16%	-9.26%	0.89%	13.72%	5.85%
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating	9.51%	29.21%	11.84%	16.89%	-9.67%	14.71%	4.89%	7.55%

Correlation

The correlation between VA.TO and VWCG.DE is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019	0.52

The correlation between VA.TO and VWCG.DE has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.

Return for Risk

VA.TO vs. VWCG.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VA.TO

VA.TO Risk / Return Rank: 86
VA.TO Sharpe Ratio Rank: 87
VA.TO Sortino Ratio Rank: 82
VA.TO Omega Ratio Rank: 87
VA.TO Calmar Ratio Rank: 86
VA.TO Martin Ratio Rank: 87

VWCG.DE

VWCG.DE Risk / Return Rank: 46
VWCG.DE Sharpe Ratio Rank: 45
VWCG.DE Sortino Ratio Rank: 47
VWCG.DE Omega Ratio Rank: 46
VWCG.DE Calmar Ratio Rank: 43
VWCG.DE Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VA.TO vs. VWCG.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Asia Pacific All Cap Index ETF (VA.TO) and Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.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.

	VA.TO	VWCG.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.48	1.36	+1.12
Sortino ratio: Return per unit of downside risk	3.18	1.95	+1.23
Omega ratio: Gain probability vs. loss probability	1.46	1.24	+0.23
Calmar ratio: Return relative to maximum drawdown	4.26	1.86	+2.40
Martin ratio: Return relative to average drawdown	16.07	6.65	+9.43

VA.TO vs. VWCG.DE - Sharpe Ratio Comparison

The current VA.TO Sharpe Ratio is 2.48, which is higher than the VWCG.DE Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of VA.TO and VWCG.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VA.TO vs. VWCG.DE - Drawdown Comparison

The maximum VA.TO drawdown since its inception was -25.81%, smaller than the maximum VWCG.DE drawdown of -30.50%. Use the drawdown chart below to compare losses from any high point for VA.TO and VWCG.DE.

Drawdown Indicators

	VA.TO	VWCG.DE	Difference
Max Drawdown Largest peak-to-trough decline	-25.81%	-30.50%	+4.69%
Max Drawdown (1Y) Largest decline over 1 year	-12.09%	-11.18%	-0.91%
Max Drawdown (3Y) Largest decline over 3 years	-13.99%	-15.19%	+1.20%
Max Drawdown (5Y) Largest decline over 5 years	-24.73%	-26.43%	+1.70%
Max Drawdown (10Y) Largest decline over 10 years	-25.81%	—	—
Current Drawdown Current decline from peak	-2.21%	0.00%	-2.21%
Average Drawdown Average peak-to-trough decline	-5.53%	-4.98%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	3.14%	+0.06%

Volatility

VA.TO vs. VWCG.DE - Volatility Comparison

Vanguard FTSE Developed Asia Pacific All Cap Index ETF (VA.TO) has a higher volatility of 9.68% compared to Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) at 5.20%. This indicates that VA.TO's price experiences larger fluctuations and is considered to be riskier than VWCG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VA.TO	VWCG.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.68%	5.20%	+4.48%
Volatility (6M) Calculated over the trailing 6-month period	18.49%	12.82%	+5.67%
Volatility (1Y) Calculated over the trailing 1-year period	20.76%	15.34%	+5.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.24%	18.01%	-2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.36%	19.58%	-4.22%

VA.TO vs. VWCG.DE - Expense Ratio Comparison

VA.TO has a 0.22% expense ratio, which is higher than VWCG.DE's 0.10% 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

VA.TO vs. VWCG.DE - Dividend Comparison

VA.TO's dividend yield for the trailing twelve months is around 1.68%, while VWCG.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VA.TO Vanguard FTSE Developed Asia Pacific All Cap Index ETF	1.68%	2.17%	2.31%	2.57%	3.10%	2.35%	2.14%	2.55%	2.89%	1.71%	1.63%	1.93%
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VA.TO and VWCG.DE in my portfolio?

VA.TO and VWCG.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VA.TO or VWCG.DE?

On fees, VWCG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VA.TO or VWCG.DE?

VWCG.DE is cheaper with a 0.10% expense ratio, compared with 0.22% for VA.TO.

What is the main difference between VA.TO and VWCG.DE?

VA.TO is categorized as Asia Pacific Equities, while VWCG.DE is Europe Equities. VA.TO tracks FTSE Developed Asia Pacific All Cap Index, while VWCG.DE tracks FTSE Developed Europe. Their fees differ too: 0.22% for VA.TO and 0.10% for VWCG.DE.