VAGF.DE vs. EURUSD=X
VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) is Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while EURUSD=X (Euro / U.S. Dollar) is a currency. Over the past 5 years, VAGF.DE returned -1.75%/yr vs 0.01%/yr for EURUSD=X. At a 0.01 correlation, their price movements are largely independent.
Performance
VAGF.DE vs. EURUSD=X - Performance Comparison
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Different Trading Currencies
VAGF.DE is traded in EUR, while EURUSD=X is traded in USD. To make them comparable, the EURUSD=X values have been converted to EUR using the latest available exchange rates.
Returns By Period
VAGF.DE
- 1D
- 0.47%
- 1M
- 0.64%
- YTD
- -0.46%
- 6M
- -0.42%
- 1Y
- 1.28%
- 3Y*
- 2.14%
- 5Y*
- -1.75%
- 10Y*
- —
EURUSD=X
- 1D
- 0.01%
- 1M
- 0.02%
- YTD
- 0.00%
- 6M
- -0.01%
- 1Y
- -0.00%
- 3Y*
- -0.01%
- 5Y*
- 0.01%
- 10Y*
- 0.01%
VAGF.DE vs. EURUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 3.03% | 0.83% | 4.52% | -14.84% | -2.98% | 5.07% | 1.00% |
EURUSD=X Euro / U.S. Dollar | 0.00% | -0.03% | 0.01% | 0.07% | -0.18% | 0.16% | -0.12% | 0.12% |
Correlation
The correlation between VAGF.DE and EURUSD=X is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019 | 0.01 |
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Return for Risk
VAGF.DE vs. EURUSD=X — Risk / Return Rank
VAGF.DE
EURUSD=X
VAGF.DE vs. EURUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) and Euro / U.S. Dollar (EURUSD=X). 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.
| VAGF.DE | EURUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.00 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | -0.01 | +0.35 |
| Martin ratioReturn relative to average drawdown | 0.86 | -0.04 | +0.89 |
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Drawdowns
VAGF.DE vs. EURUSD=X - Drawdown Comparison
The maximum VAGF.DE drawdown since its inception was -19.56%, which is greater than EURUSD=X's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for VAGF.DE and EURUSD=X.
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Drawdown Indicators
| VAGF.DE | EURUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.56% | -1.76% | -17.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -0.43% | -2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | -0.81% | -3.62% |
Max Drawdown (5Y)Largest decline over 5 years | -18.80% | -0.81% | -17.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -1.22% | — |
Current DrawdownCurrent decline from peak | -10.70% | -0.74% | -9.96% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -0.72% | -8.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.10% | +1.04% |
Volatility
VAGF.DE vs. EURUSD=X - Volatility Comparison
Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) has a higher volatility of 1.56% compared to Euro / U.S. Dollar (EURUSD=X) at 0.21%. This indicates that VAGF.DE's price experiences larger fluctuations and is considered to be riskier than EURUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGF.DE | EURUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 0.21% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 3.87% | 0.57% | +3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.21% | 0.75% | +4.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.18% | 0.74% | +4.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 1.15% | +3.77% |
Frequently Asked Questions
VAGF.DE and EURUSD=X have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for VAGF.DE and EURUSD=X
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