VAGF.DE vs. VOO

Last updated Jun 16, 2026

VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - VAGF.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, VAGF.DE returned -1.76%/yr vs 14.36%/yr for VOO. At a 0.02 correlation, their price movements are largely independent. VAGF.DE charges 0.10%/yr vs 0.03%/yr for VOO.

Performance

VAGF.DE vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VAGF.DE is traded in EUR, while VOO is traded in USD. To make them comparable, the VOO values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, VAGF.DE achieves a -0.63% return, which is significantly lower than VOO's 10.76% return.

VAGF.DE

• 1D: -0.17%
• 1M: 0.47%
• YTD: -0.63%
• 6M: -0.59%
• 1Y: 1.11%
• 3Y*: 2.12%
• 5Y*: -1.76%
• 10Y*: —

VOO

• 1D: 0.00%
• 1M: 0.88%
• YTD: 10.76%
• 6M: 11.35%
• 1Y: 25.57%
• 3Y*: 18.32%
• 5Y*: 14.36%
• 10Y*: 15.23%

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

VAGF.DE vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc	-0.63%	3.03%	0.83%	4.52%	-14.84%	-2.98%	5.07%	1.00%
VOO Vanguard S&P 500 ETF	12.45%	3.84%	33.23%	22.54%	-13.10%	38.43%	8.57%	13.01%

Correlation

The correlation between VAGF.DE and VOO is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019	0.02

Return for Risk

VAGF.DE vs. VOO — Risk / Return Rank

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

VAGF.DE

VAGF.DE Risk / Return Rank: 12
VAGF.DE Sharpe Ratio Rank: 12
VAGF.DE Sortino Ratio Rank: 11
VAGF.DE Omega Ratio Rank: 11
VAGF.DE Calmar Ratio Rank: 14
VAGF.DE Martin Ratio Rank: 14

VOO

VOO Risk / Return Rank: 78
VOO Sharpe Ratio Rank: 80
VOO Sortino Ratio Rank: 78
VOO Omega Ratio Rank: 79
VOO Calmar Ratio Rank: 69
VOO Martin Ratio Rank: 81

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.

VAGF.DE vs. VOO - 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 S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	0.21	2.08	-1.87
Sortino ratio: Return per unit of downside risk	0.34	2.67	-2.33
Omega ratio: Gain probability vs. loss probability	1.04	1.39	-0.35
Calmar ratio: Return relative to maximum drawdown	0.39	3.48	-3.09
Martin ratio: Return relative to average drawdown	0.97	13.07	-12.11

VAGF.DE vs. VOO - Sharpe Ratio Comparison

The current VAGF.DE Sharpe Ratio is 0.21, which is lower than the VOO Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of VAGF.DE and VOO, 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

VAGF.DE vs. VOO - Drawdown Comparison

The maximum VAGF.DE drawdown since its inception was -19.56%, smaller than the maximum VOO drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for VAGF.DE and VOO.

Drawdown Indicators

	VAGF.DE	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-19.56%	-33.49%	+13.93%
Max Drawdown (1Y) Largest decline over 1 year	-2.82%	-7.37%	+4.55%
Max Drawdown (3Y) Largest decline over 3 years	-4.43%	-23.87%	+19.44%
Max Drawdown (5Y) Largest decline over 5 years	-18.80%	-23.87%	+5.07%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.49%	—
Current Drawdown Current decline from peak	-10.86%	-1.81%	-9.05%
Average Drawdown Average peak-to-trough decline	-8.98%	-4.03%	-4.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.15%	1.96%	-0.81%

Volatility

VAGF.DE vs. VOO - Volatility Comparison

The current volatility for Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) is 1.51%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.36%. This indicates that VAGF.DE experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VAGF.DE	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.51%	3.36%	-1.85%
Volatility (6M) Calculated over the trailing 6-month period	3.87%	9.01%	-5.14%
Volatility (1Y) Calculated over the trailing 1-year period	5.21%	12.37%	-7.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.18%	16.74%	-11.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.92%	18.55%	-13.63%

VAGF.DE vs. VOO - Expense Ratio Comparison

VAGF.DE has a 0.10% expense ratio, which is higher than VOO's 0.03% 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

VAGF.DE vs. VOO - Dividend Comparison

VAGF.DE has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.03%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both VAGF.DE and VOO in my portfolio?

VAGF.DE and VOO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VAGF.DE or VOO?

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VAGF.DE or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.10% for VAGF.DE.

What is the main difference between VAGF.DE and VOO?

VAGF.DE is categorized as Global Bonds, while VOO is S&P 500. VAGF.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while VOO tracks S&P 500 Index. Their fees differ too: 0.10% for VAGF.DE and 0.03% for VOO.