VECA.DE vs. VGWE.DE

Last updated Jun 5, 2026

VECA.DE (Vanguard EUR Corporate Bond UCITS ETF Accumulating) and VGWE.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc) are both exchange-traded funds - VECA.DE is a European Corporate Bonds fund tracking the Bloomberg Euro Corp TR EUR, while VGWE.DE is a Dividend fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, VECA.DE returned 0.09%/yr vs 11.47%/yr for VGWE.DE. At a 0.25 correlation, their price movements are largely independent. VECA.DE charges 0.09%/yr vs 0.29%/yr for VGWE.DE.

Performance

VECA.DE vs. VGWE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.DE) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc (VGWE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VECA.DE achieves a 0.53% return, which is significantly lower than VGWE.DE's 12.43% return.

VECA.DE

• 1D: 0.10%
• 1M: 0.30%
• YTD: 0.53%
• 6M: 0.60%
• 1Y: 2.10%
• 3Y*: 4.55%
• 5Y*: 0.09%
• 10Y*: —

VGWE.DE

• 1D: 0.23%
• 1M: 2.28%
• YTD: 12.43%
• 6M: 13.64%
• 1Y: 24.97%
• 3Y*: 15.83%
• 5Y*: 11.47%
• 10Y*: —

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

VECA.DE vs. VGWE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VECA.DE Vanguard EUR Corporate Bond UCITS ETF Accumulating	0.53%	2.98%	4.38%	7.53%	-13.48%	-1.05%	4.46%
VGWE.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc	12.43%	12.81%	15.59%	7.89%	0.02%	27.83%	6.23%

Correlation

The correlation between VECA.DE and VGWE.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.25

Over the past year, VECA.DE and VGWE.DE have become more correlated (0.48) than their long-term average of 0.25, meaning their price movements have been converging.

Return for Risk

VECA.DE vs. VGWE.DE — Risk / Return Rank

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

VECA.DE

VECA.DE Risk / Return Rank: 18
VECA.DE Sharpe Ratio Rank: 19
VECA.DE Sortino Ratio Rank: 18
VECA.DE Omega Ratio Rank: 18
VECA.DE Calmar Ratio Rank: 18
VECA.DE Martin Ratio Rank: 20

VGWE.DE

VGWE.DE Risk / Return Rank: 81
VGWE.DE Sharpe Ratio Rank: 81
VGWE.DE Sortino Ratio Rank: 83
VGWE.DE Omega Ratio Rank: 79
VGWE.DE Calmar Ratio Rank: 80
VGWE.DE 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.

VECA.DE vs. VGWE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.DE) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc (VGWE.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.

	VECA.DE	VGWE.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.56	2.60	-2.04
Sortino ratio: Return per unit of downside risk	0.85	3.65	-2.80
Omega ratio: Gain probability vs. loss probability	1.11	1.47	-0.36
Calmar ratio: Return relative to maximum drawdown	0.69	4.11	-3.42
Martin ratio: Return relative to average drawdown	2.35	15.82	-13.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VECA.DE vs. VGWE.DE - Sharpe Ratio Comparison

The current VECA.DE Sharpe Ratio is 0.56, which is lower than the VGWE.DE Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of VECA.DE and VGWE.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.

Sharpe Ratios by Period

	VECA.DE	VGWE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	2.60	-2.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	0.99	-0.97
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	1.10	-0.90

Drawdowns

VECA.DE vs. VGWE.DE - Drawdown Comparison

The maximum VECA.DE drawdown since its inception was -17.21%, roughly equal to the maximum VGWE.DE drawdown of -16.43%. Use the drawdown chart below to compare losses from any high point for VECA.DE and VGWE.DE.

Drawdown Indicators

	VECA.DE	VGWE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-17.21%	-16.43%	-0.78%
Max Drawdown (1Y) Largest decline over 1 year	-2.63%	-6.00%	+3.37%
Max Drawdown (3Y) Largest decline over 3 years	-2.63%	-16.43%	+13.80%
Max Drawdown (5Y) Largest decline over 5 years	-17.21%	-16.43%	-0.78%
Current Drawdown Current decline from peak	-0.99%	-0.37%	-0.62%
Average Drawdown Average peak-to-trough decline	-5.14%	-2.37%	-2.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.77%	1.56%	-0.79%

Volatility

VECA.DE vs. VGWE.DE - Volatility Comparison

The current volatility for Vanguard EUR Corporate Bond UCITS ETF Accumulating (VECA.DE) is 1.20%, while Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc (VGWE.DE) has a volatility of 2.38%. This indicates that VECA.DE experiences smaller price fluctuations and is considered to be less risky than VGWE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VECA.DE	VGWE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.20%	2.38%	-1.18%
Volatility (6M) Calculated over the trailing 6-month period	2.78%	7.18%	-4.40%
Volatility (1Y) Calculated over the trailing 1-year period	3.22%	9.47%	-6.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.48%	11.51%	-7.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.72%	12.23%	-7.51%

VECA.DE vs. VGWE.DE - Expense Ratio Comparison

VECA.DE has a 0.09% expense ratio, which is lower than VGWE.DE's 0.29% expense ratio.

Dividends

VECA.DE vs. VGWE.DE - Dividend Comparison

Neither VECA.DE nor VGWE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VECA.DE and VGWE.DE in my portfolio?

VECA.DE and VGWE.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VECA.DE or VGWE.DE?

On fees, VECA.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VECA.DE or VGWE.DE?

VECA.DE is cheaper with a 0.09% expense ratio, compared with 0.29% for VGWE.DE.

What is the main difference between VECA.DE and VGWE.DE?

VECA.DE is categorized as European Corporate Bonds, while VGWE.DE is Dividend. VECA.DE tracks Bloomberg Euro Corp TR EUR, while VGWE.DE tracks FTSE All-World High Dividend Yield Index. Their fees differ too: 0.09% for VECA.DE and 0.29% for VGWE.DE.