VAGF.DE vs. VGWL.DE
VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) and VGWL.DE (Vanguard FTSE All-World UCITS ETF Distributing) are both exchange-traded funds - VAGF.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while VGWL.DE is a Global Equities fund tracking the FTSE All-World. Both are passively managed. Over the past 5 years, VAGF.DE returned -1.66%/yr vs 12.28%/yr for VGWL.DE. At a 0.03 correlation, their price movements are largely independent. VAGF.DE charges 0.10%/yr vs 0.22%/yr for VGWL.DE.
Performance
VAGF.DE vs. VGWL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VAGF.DE achieves a -0.68% return, which is significantly lower than VGWL.DE's 12.63% return.
VAGF.DE
- 1D
- 0.09%
- 1M
- -0.28%
- YTD
- -0.68%
- 6M
- -0.37%
- 1Y
- 1.16%
- 3Y*
- 2.04%
- 5Y*
- -1.66%
- 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*
- —
VAGF.DE vs. VGWL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.68% | 3.23% | 0.82% | 4.53% | -14.84% | -2.97% | 5.07% | 0.73% |
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing | 12.63% | 9.18% | 24.40% | 18.17% | -13.48% | 28.60% | 5.38% | 10.31% |
Correlation
The correlation between VAGF.DE and VGWL.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2019 | 0.03 |
Over the past year, VAGF.DE and VGWL.DE have become more correlated (0.24) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
VAGF.DE vs. VGWL.DE — Risk / Return Rank
VAGF.DE
VGWL.DE
VAGF.DE vs. VGWL.DE - 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 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.
| VAGF.DE | VGWL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.44 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 3.99 | -3.61 |
| Martin ratioReturn relative to average drawdown | 1.06 | 16.38 | -15.32 |
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
| VAGF.DE | VGWL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 2.32 | -1.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.88 | -1.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | 0.77 | -0.94 |
Drawdowns
VAGF.DE vs. VGWL.DE - Drawdown Comparison
The maximum VAGF.DE drawdown since its inception was -19.57%, smaller than the maximum VGWL.DE drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for VAGF.DE and VGWL.DE.
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Drawdown Indicators
| VAGF.DE | VGWL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.57% | -33.40% | +13.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -6.57% | +3.46% |
Max Drawdown (3Y)Largest decline over 3 years | -4.45% | -21.04% | +16.59% |
Max Drawdown (5Y)Largest decline over 5 years | -18.79% | -21.04% | +2.25% |
Current DrawdownCurrent decline from peak | -10.73% | -0.64% | -10.09% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -4.34% | -4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 1.61% | -0.48% |
Volatility
VAGF.DE vs. VGWL.DE - Volatility Comparison
The current volatility for Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) is 1.55%, while Vanguard FTSE All-World UCITS ETF Distributing (VGWL.DE) has a volatility of 3.02%. This indicates that VAGF.DE experiences smaller price fluctuations and is considered to be less risky 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
| VAGF.DE | VGWL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 3.02% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 8.13% | -5.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.63% | 11.29% | -7.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 13.76% | -8.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 15.51% | -10.80% |
VAGF.DE vs. VGWL.DE - Expense Ratio Comparison
VAGF.DE has a 0.10% expense ratio, which is lower than VGWL.DE's 0.22% 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
VAGF.DE vs. VGWL.DE - Dividend Comparison
VAGF.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 |
|---|---|---|---|---|---|---|---|---|---|---|
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) 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
VAGF.DE and VGWL.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGF.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGF.DE is cheaper with a 0.10% expense ratio, compared with 0.22% for VGWL.DE.
VAGF.DE is categorized as Global Bonds, while VGWL.DE is Global Equities. VAGF.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while VGWL.DE tracks FTSE All-World. Their fees differ too: 0.10% for VAGF.DE and 0.22% for VGWL.DE.
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