VGEA.DE vs. V3AA.DE
VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) and V3AA.DE (Vanguard ESG Global All Cap UCITS ETF (USD) Acc) are both exchange-traded funds - VGEA.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury, while V3AA.DE is a Global Equities fund tracking the FTSE Global All Cap Choice Index. Both are passively managed. Over the past 5 years, VGEA.DE returned -2.24%/yr vs 11.33%/yr for V3AA.DE. At a 0.10 correlation, their price movements are largely independent. VGEA.DE charges 0.07%/yr vs 0.24%/yr for V3AA.DE.
Performance
VGEA.DE vs. V3AA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGEA.DE achieves a 0.11% return, which is significantly lower than V3AA.DE's 12.77% return.
VGEA.DE
- 1D
- 0.06%
- 1M
- -0.02%
- YTD
- 0.11%
- 6M
- 0.18%
- 1Y
- 0.33%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
V3AA.DE
- 1D
- -0.11%
- 1M
- 4.35%
- YTD
- 12.77%
- 6M
- 13.07%
- 1Y
- 26.49%
- 3Y*
- 17.62%
- 5Y*
- 11.33%
- 10Y*
- —
VGEA.DE vs. V3AA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -1.66% |
V3AA.DE Vanguard ESG Global All Cap UCITS ETF (USD) Acc | 12.77% | 7.60% | 24.41% | 20.63% | -18.04% | 20.19% |
Correlation
The correlation between VGEA.DE and V3AA.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 | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021 | 0.10 |
Over the past year, VGEA.DE and V3AA.DE have become more correlated (0.32) than their long-term average of 0.10, meaning their price movements have been converging.
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Return for Risk
VGEA.DE vs. V3AA.DE — Risk / Return Rank
VGEA.DE
V3AA.DE
VGEA.DE vs. V3AA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) and Vanguard ESG Global All Cap UCITS ETF (USD) Acc (V3AA.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.
| VGEA.DE | V3AA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -3.02 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.40 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 3.30 | -3.31 |
| Martin ratioReturn relative to average drawdown | -0.04 | 13.32 | -13.36 |
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
| VGEA.DE | V3AA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 2.17 | -2.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.78 | -1.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.82 | -0.92 |
Drawdowns
VGEA.DE vs. V3AA.DE - Drawdown Comparison
The maximum VGEA.DE drawdown since its inception was -22.34%, roughly equal to the maximum V3AA.DE drawdown of -22.30%. Use the drawdown chart below to compare losses from any high point for VGEA.DE and V3AA.DE.
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Drawdown Indicators
| VGEA.DE | V3AA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -22.30% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -8.16% | +4.72% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -22.30% | +18.30% |
Max Drawdown (5Y)Largest decline over 5 years | -21.47% | -22.30% | +0.83% |
Current DrawdownCurrent decline from peak | -13.91% | -0.75% | -13.16% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -5.91% | -4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 2.03% | -0.70% |
Volatility
VGEA.DE vs. V3AA.DE - Volatility Comparison
The current volatility for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) is 1.67%, while Vanguard ESG Global All Cap UCITS ETF (USD) Acc (V3AA.DE) has a volatility of 3.38%. This indicates that VGEA.DE experiences smaller price fluctuations and is considered to be less risky than V3AA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGEA.DE | V3AA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 3.38% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 9.13% | -5.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 12.42% | -8.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 14.42% | -8.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 14.33% | -8.47% |
VGEA.DE vs. V3AA.DE - Expense Ratio Comparison
VGEA.DE has a 0.07% expense ratio, which is lower than V3AA.DE's 0.24% 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
VGEA.DE vs. V3AA.DE - Dividend Comparison
Neither VGEA.DE nor V3AA.DE has paid dividends to shareholders.
Frequently Asked Questions
VGEA.DE and V3AA.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.
On fees, VGEA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEA.DE is cheaper with a 0.07% expense ratio, compared with 0.24% for V3AA.DE.
VGEA.DE is categorized as European Government Bonds, while V3AA.DE is Global Equities. VGEA.DE tracks Bloomberg Euro Aggregate Treasury, while V3AA.DE tracks FTSE Global All Cap Choice Index. Their fees differ too: 0.07% for VGEA.DE and 0.24% for V3AA.DE.
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