VAGU.L vs. MWOE.DE

Last updated Jun 13, 2026

VAGU.L (Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating) and MWOE.DE (Amundi MSCI World UCITS ETF - USD Dist) are both exchange-traded funds - VAGU.L is a Global Bonds fund tracking the Bloomberg Global Aggregate TR Hdg USD, while MWOE.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 3 years, VAGU.L returned 4.18%/yr vs 20.63%/yr for MWOE.DE. At a 0.21 correlation, their price movements are largely independent. VAGU.L charges 0.10%/yr vs 0.12%/yr for MWOE.DE.

Performance

VAGU.L vs. MWOE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L) and Amundi MSCI World UCITS ETF - USD Dist (MWOE.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, VAGU.L achieves a 0.48% return, which is significantly lower than MWOE.DE's 9.35% return.

VAGU.L

• 1D: 0.26%
• 1M: 0.74%
• YTD: 0.48%
• 6M: 1.16%
• 1Y: 3.09%
• 3Y*: 4.18%
• 5Y*: 0.20%
• 10Y*: —

MWOE.DE

• 1D: 0.09%
• 1M: 1.99%
• YTD: 9.35%
• 6M: 10.97%
• 1Y: 24.50%
• 3Y*: 20.63%
• 5Y*: —
• 10Y*: —

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

VAGU.L vs. MWOE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VAGU.L Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating	0.48%	4.95%	2.72%	6.90%	-2.72%
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist	9.35%	21.78%	18.53%	23.65%	3.81%

Correlation

The correlation between VAGU.L and MWOE.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (All Time) Calculated using the full available price history since Jul 5, 2022	0.21

The correlation between VAGU.L and MWOE.DE shifts across timeframes, from 0.20 (3 years) to 0.32 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VAGU.L vs. MWOE.DE — Risk / Return Rank

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

VAGU.L

VAGU.L Risk / Return Rank: 26
VAGU.L Sharpe Ratio Rank: 27
VAGU.L Sortino Ratio Rank: 26
VAGU.L Omega Ratio Rank: 26
VAGU.L Calmar Ratio Rank: 27
VAGU.L Martin Ratio Rank: 26

MWOE.DE

MWOE.DE Risk / Return Rank: 69
MWOE.DE Sharpe Ratio Rank: 65
MWOE.DE Sortino Ratio Rank: 65
MWOE.DE Omega Ratio Rank: 67
MWOE.DE Calmar Ratio Rank: 71
MWOE.DE Martin Ratio Rank: 74

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.

VAGU.L vs. MWOE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L) and Amundi MSCI World UCITS ETF - USD Dist (MWOE.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.

	VAGU.L	MWOE.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.87	2.19	-1.32
Sortino ratio: Return per unit of downside risk	1.33	3.20	-1.87
Omega ratio: Gain probability vs. loss probability	1.15	1.39	-0.23
Calmar ratio: Return relative to maximum drawdown	1.14	2.98	-1.85
Martin ratio: Return relative to average drawdown	3.07	12.79	-9.72

VAGU.L vs. MWOE.DE - Sharpe Ratio Comparison

The current VAGU.L Sharpe Ratio is 0.87, which is lower than the MWOE.DE Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of VAGU.L and MWOE.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

VAGU.L vs. MWOE.DE - Drawdown Comparison

The maximum VAGU.L drawdown since its inception was -17.42%, smaller than the maximum MWOE.DE drawdown of -18.39%. Use the drawdown chart below to compare losses from any high point for VAGU.L and MWOE.DE.

Drawdown Indicators

	VAGU.L	MWOE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-17.42%	-18.39%	+0.97%
Max Drawdown (1Y) Largest decline over 1 year	-2.70%	-8.59%	+5.89%
Max Drawdown (3Y) Largest decline over 3 years	-3.82%	-18.39%	+14.57%
Max Drawdown (5Y) Largest decline over 5 years	-17.10%	—	—
Current Drawdown Current decline from peak	-1.28%	-0.50%	-0.78%
Average Drawdown Average peak-to-trough decline	-5.50%	-2.58%	-2.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.00%	2.01%	-1.01%

Volatility

VAGU.L vs. MWOE.DE - Volatility Comparison

The current volatility for Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating (VAGU.L) is 1.30%, while Amundi MSCI World UCITS ETF - USD Dist (MWOE.DE) has a volatility of 2.94%. This indicates that VAGU.L experiences smaller price fluctuations and is considered to be less risky than MWOE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VAGU.L	MWOE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.30%	2.94%	-1.64%
Volatility (6M) Calculated over the trailing 6-month period	2.81%	8.68%	-5.87%
Volatility (1Y) Calculated over the trailing 1-year period	3.56%	11.73%	-8.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.17%	14.65%	-9.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.78%	14.65%	-9.87%

VAGU.L vs. MWOE.DE - Expense Ratio Comparison

VAGU.L has a 0.10% expense ratio, which is lower than MWOE.DE's 0.12% 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

VAGU.L vs. MWOE.DE - Dividend Comparison

VAGU.L has not paid dividends to shareholders, while MWOE.DE's dividend yield for the trailing twelve months is around 0.95%.

Position	TTM	2025	2024	2023
MWOE.DE Amundi MSCI World UCITS ETF - USD Dist	0.95%	1.33%	1.20%	0.58%
VAGU.L Vanguard Global Aggregate Bond UCITS ETF USD Hedged Accumulating	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VAGU.L and MWOE.DE in my portfolio?

VAGU.L and MWOE.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VAGU.L or MWOE.DE?

On fees, VAGU.L 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, VAGU.L or MWOE.DE?

VAGU.L is cheaper with a 0.10% expense ratio, compared with 0.12% for MWOE.DE.

What is the main difference between VAGU.L and MWOE.DE?

VAGU.L is categorized as Global Bonds, while MWOE.DE is Global Equities. VAGU.L tracks Bloomberg Global Aggregate TR Hdg USD, while MWOE.DE tracks MSCI World. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.10% for VAGU.L and 0.12% for MWOE.DE.