VGEA.DE vs. VGWD.DE
VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) and VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - VGEA.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury, while VGWD.DE is a Global Equities fund tracking the FTSE All-World High Dividend Yield index. Both are passively managed. Over the past 5 years, VGEA.DE returned -2.24%/yr vs 11.49%/yr for VGWD.DE. At a 0.03 correlation, their price movements are largely independent. VGEA.DE charges 0.07%/yr vs 0.29%/yr for VGWD.DE.
Performance
VGEA.DE vs. VGWD.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 VGWD.DE's 12.49% 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*
- —
VGWD.DE
- 1D
- 0.19%
- 1M
- 2.31%
- YTD
- 12.49%
- 6M
- 13.87%
- 1Y
- 25.22%
- 3Y*
- 15.87%
- 5Y*
- 11.49%
- 10Y*
- —
VGEA.DE vs. VGWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -3.32% | 4.81% | 5.94% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 12.49% | 13.16% | 15.75% | 7.29% | 0.08% | 27.90% | -9.60% | 13.83% |
Correlation
The correlation between VGEA.DE and VGWD.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 | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.03 |
Over the past year, VGEA.DE and VGWD.DE have become more correlated (0.38) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
VGEA.DE vs. VGWD.DE — Risk / Return Rank
VGEA.DE
VGWD.DE
VGEA.DE vs. VGWD.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 FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.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 | VGWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.71 | ||
| Sortino ratioReturn per unit of downside risk | -3.77 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.50 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 4.28 | -4.29 |
| Martin ratioReturn relative to average drawdown | -0.04 | 16.37 | -16.40 |
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 | VGWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 2.70 | -2.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.99 | -1.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.64 | -0.74 |
Drawdowns
VGEA.DE vs. VGWD.DE - Drawdown Comparison
The maximum VGEA.DE drawdown since its inception was -22.34%, smaller than the maximum VGWD.DE drawdown of -34.57%. Use the drawdown chart below to compare losses from any high point for VGEA.DE and VGWD.DE.
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Drawdown Indicators
| VGEA.DE | VGWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -34.57% | +12.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -5.82% | +2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -16.86% | +12.86% |
Max Drawdown (5Y)Largest decline over 5 years | -21.47% | -16.86% | -4.61% |
Current DrawdownCurrent decline from peak | -13.91% | -0.32% | -13.59% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -4.05% | -6.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.52% | -0.19% |
Volatility
VGEA.DE vs. VGWD.DE - Volatility Comparison
The current volatility for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) is 1.67%, while Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) has a volatility of 2.33%. This indicates that VGEA.DE experiences smaller price fluctuations and is considered to be less risky than VGWD.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 | VGWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 2.33% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 6.95% | -3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 9.21% | -4.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 11.52% | -5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 14.23% | -8.37% |
VGEA.DE vs. VGWD.DE - Expense Ratio Comparison
VGEA.DE has a 0.07% expense ratio, which is lower than VGWD.DE's 0.29% expense ratio.
Dividends
VGEA.DE vs. VGWD.DE - Dividend Comparison
VGEA.DE has not paid dividends to shareholders, while VGWD.DE's dividend yield for the trailing twelve months is around 2.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.49% | 2.84% | 3.05% | 3.39% | 3.78% | 3.03% | 3.08% | 3.21% | 3.70% | 0.58% |
Frequently Asked Questions
VGEA.DE and VGWD.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.
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 0.29% for VGWD.DE.
VGEA.DE is categorized as European Government Bonds, while VGWD.DE is Global Equities. VGEA.DE tracks Bloomberg Euro Aggregate Treasury, while VGWD.DE tracks FTSE All-World High Dividend Yield index. Their fees differ too: 0.07% for VGEA.DE and 0.29% for VGWD.DE.
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