VAGF.DE vs. VWCG.DE
VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) and VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) are both exchange-traded funds - VAGF.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while VWCG.DE is a Europe Equities fund tracking the FTSE Developed Europe. Both are passively managed. Over the past 5 years, VAGF.DE returned -1.66%/yr vs 9.96%/yr for VWCG.DE. At a 0.09 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
VAGF.DE vs. VWCG.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 VWCG.DE's 7.34% 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*
- —
VWCG.DE
- 1D
- 0.57%
- 1M
- 1.01%
- YTD
- 7.34%
- 6M
- 9.93%
- 1Y
- 16.18%
- 3Y*
- 14.09%
- 5Y*
- 9.96%
- 10Y*
- —
VAGF.DE vs. VWCG.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% | -0.47% |
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 7.34% | 20.45% | 8.94% | 16.07% | -9.71% | 24.74% | -2.59% | 11.39% |
Correlation
The correlation between VAGF.DE and VWCG.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2019 | 0.09 |
Over the past year, VAGF.DE and VWCG.DE have become more correlated (0.38) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
VAGF.DE vs. VWCG.DE — Risk / Return Rank
VAGF.DE
VWCG.DE
VAGF.DE vs. VWCG.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 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.
| VAGF.DE | VWCG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.24 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 1.70 | -1.32 |
| Martin ratioReturn relative to average drawdown | 1.06 | 6.40 | -5.34 |
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 | VWCG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.26 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | 0.69 | -1.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.17 | 0.64 | -0.81 |
Drawdowns
VAGF.DE vs. VWCG.DE - Drawdown Comparison
The maximum VAGF.DE drawdown since its inception was -19.57%, smaller than the maximum VWCG.DE drawdown of -35.68%. Use the drawdown chart below to compare losses from any high point for VAGF.DE and VWCG.DE.
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Drawdown Indicators
| VAGF.DE | VWCG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.57% | -35.68% | +16.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -9.58% | +6.47% |
Max Drawdown (3Y)Largest decline over 3 years | -4.45% | -16.07% | +11.62% |
Max Drawdown (5Y)Largest decline over 5 years | -18.79% | -20.10% | +1.31% |
Current DrawdownCurrent decline from peak | -10.73% | -1.51% | -9.22% |
Average DrawdownAverage peak-to-trough decline | -8.99% | -5.10% | -3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.13% | 2.55% | -1.42% |
Volatility
VAGF.DE vs. VWCG.DE - Volatility Comparison
The current volatility for Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) is 1.55%, while Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) has a volatility of 4.33%. This indicates that VAGF.DE experiences smaller price fluctuations and is considered to be less risky than VWCG.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 | VWCG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 4.33% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 10.64% | -7.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.63% | 12.91% | -9.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 14.29% | -9.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 17.09% | -12.38% |
VAGF.DE vs. VWCG.DE - Expense Ratio Comparison
Both VAGF.DE and VWCG.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VAGF.DE vs. VWCG.DE - Dividend Comparison
Neither VAGF.DE nor VWCG.DE has paid dividends to shareholders.
Frequently Asked Questions
VAGF.DE and VWCG.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VAGF.DE and VWCG.DE have the same expense ratio: 0.10% per year.
VAGF.DE is categorized as Global Bonds, while VWCG.DE is Europe Equities. VAGF.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while VWCG.DE tracks FTSE Developed Europe.
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