VFEA.DE vs. IWDA.AS
VFEA.DE (Vanguard FTSE Emerging Markets UCITS ETF Acc) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - VFEA.DE is a Emerging Markets Equities fund tracking the FTSE Emerging, while IWDA.AS is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 5 years, VFEA.DE returned 5.81%/yr vs 12.46%/yr for IWDA.AS. A 0.64 correlation means they provide meaningful diversification when combined. VFEA.DE charges 0.22%/yr vs 0.20%/yr for IWDA.AS.
Performance
VFEA.DE vs. IWDA.AS - Performance Comparison
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Returns By Period
In the year-to-date period, VFEA.DE achieves a 11.91% return, which is significantly higher than IWDA.AS's 10.11% return.
VFEA.DE
- 1D
- 2.32%
- 1M
- 0.05%
- YTD
- 11.91%
- 6M
- 13.75%
- 1Y
- 25.97%
- 3Y*
- 13.89%
- 5Y*
- 5.81%
- 10Y*
- —
IWDA.AS
- 1D
- 1.59%
- 1M
- 0.67%
- YTD
- 10.11%
- 6M
- 11.35%
- 1Y
- 23.74%
- 3Y*
- 16.75%
- 5Y*
- 12.46%
- 10Y*
- 12.98%
VFEA.DE vs. IWDA.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VFEA.DE Vanguard FTSE Emerging Markets UCITS ETF Acc | 11.91% | 11.25% | 19.29% | 3.32% | -10.71% | 6.34% | 3.46% | 0.02% |
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 10.11% | 7.08% | 27.23% | 19.89% | -13.54% | 32.54% | 6.20% | 5.40% |
Correlation
The correlation between VFEA.DE and IWDA.AS is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.64 |
The correlation between VFEA.DE and IWDA.AS shifts across timeframes, from 0.60 (5 years) to 0.71 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VFEA.DE vs. IWDA.AS — Risk / Return Rank
VFEA.DE
IWDA.AS
VFEA.DE vs. IWDA.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEA.DE) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). 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.
| VFEA.DE | IWDA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.39 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.93 | 3.57 | -0.64 |
| Martin ratioReturn relative to average drawdown | 9.75 | 14.14 | -4.40 |
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Drawdowns
VFEA.DE vs. IWDA.AS - Drawdown Comparison
The maximum VFEA.DE drawdown since its inception was -30.51%, smaller than the maximum IWDA.AS drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for VFEA.DE and IWDA.AS.
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Drawdown Indicators
| VFEA.DE | IWDA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.51% | -33.63% | +3.12% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -6.45% | -1.99% |
Max Drawdown (3Y)Largest decline over 3 years | -18.97% | -21.59% | +2.62% |
Max Drawdown (5Y)Largest decline over 5 years | -19.98% | -21.59% | +1.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.63% | — |
Current DrawdownCurrent decline from peak | -2.45% | -1.19% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -4.24% | -4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 1.64% | +0.90% |
Volatility
VFEA.DE vs. IWDA.AS - Volatility Comparison
Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEA.DE) has a higher volatility of 5.46% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) at 3.07%. This indicates that VFEA.DE's price experiences larger fluctuations and is considered to be riskier than IWDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFEA.DE | IWDA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.46% | 3.07% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 12.32% | 7.94% | +4.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.12% | 11.14% | +3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.77% | 14.12% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.51% | 15.00% | +3.51% |
VFEA.DE vs. IWDA.AS - Expense Ratio Comparison
VFEA.DE has a 0.22% expense ratio, which is higher than IWDA.AS's 0.20% 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
VFEA.DE vs. IWDA.AS - Dividend Comparison
Neither VFEA.DE nor IWDA.AS has paid dividends to shareholders.
Frequently Asked Questions
VFEA.DE and IWDA.AS have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.AS is cheaper with a 0.20% expense ratio, compared with 0.22% for VFEA.DE.
VFEA.DE is categorized as Emerging Markets Equities, while IWDA.AS is Global Equities. VFEA.DE tracks FTSE Emerging, while IWDA.AS tracks MSCI World Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VFEA.DE and 0.20% for IWDA.AS.
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