VGEA.DE vs. VWCG.DE
VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) and VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) are both exchange-traded funds - VGEA.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury, while VWCG.DE is a Europe Equities fund tracking the FTSE Developed Europe. Both are passively managed. Over the past 5 years, VGEA.DE returned -2.24%/yr vs 9.96%/yr for VWCG.DE. At a 0.09 correlation, their price movements are largely independent. VGEA.DE charges 0.07%/yr vs 0.10%/yr for VWCG.DE.
Performance
VGEA.DE vs. VWCG.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 VWCG.DE's 7.34% 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*
- —
VWCG.DE
- 1D
- 0.57%
- 1M
- 1.01%
- YTD
- 7.34%
- 6M
- 9.93%
- 1Y
- 16.18%
- 3Y*
- 14.09%
- 5Y*
- 9.96%
- 10Y*
- —
VGEA.DE vs. VWCG.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% | -0.93% |
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 7.34% | 20.45% | 8.94% | 16.07% | -9.71% | 24.74% | -2.59% | 11.39% |
Correlation
The correlation between VGEA.DE and VWCG.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2019 | 0.09 |
Over the past year, VGEA.DE and VWCG.DE have become more correlated (0.43) than their long-term average of 0.09, meaning their price movements have been converging.
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Return for Risk
VGEA.DE vs. VWCG.DE — Risk / Return Rank
VGEA.DE
VWCG.DE
VGEA.DE vs. VWCG.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 Developed Europe UCITS ETF (EUR) Accumulating (VWCG.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 | VWCG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.24 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 1.70 | -1.72 |
| Martin ratioReturn relative to average drawdown | -0.04 | 6.40 | -6.44 |
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 | VWCG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 1.26 | -1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.69 | -1.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.64 | -0.74 |
Drawdowns
VGEA.DE vs. VWCG.DE - Drawdown Comparison
The maximum VGEA.DE drawdown since its inception was -22.34%, smaller than the maximum VWCG.DE drawdown of -35.68%. Use the drawdown chart below to compare losses from any high point for VGEA.DE and VWCG.DE.
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Drawdown Indicators
| VGEA.DE | VWCG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -35.68% | +13.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -9.58% | +6.14% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -16.07% | +12.07% |
Max Drawdown (5Y)Largest decline over 5 years | -21.47% | -20.10% | -1.37% |
Current DrawdownCurrent decline from peak | -13.91% | -1.51% | -12.40% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -5.10% | -5.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 2.55% | -1.22% |
Volatility
VGEA.DE vs. VWCG.DE - Volatility Comparison
The current volatility for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) is 1.67%, while Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) has a volatility of 4.33%. This indicates that VGEA.DE experiences smaller price fluctuations and is considered to be less risky than VWCG.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 | VWCG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 4.33% | -2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 10.64% | -7.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 12.91% | -8.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 14.29% | -7.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 17.09% | -11.23% |
VGEA.DE vs. VWCG.DE - Expense Ratio Comparison
VGEA.DE has a 0.07% expense ratio, which is lower than VWCG.DE's 0.10% 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. VWCG.DE - Dividend Comparison
Neither VGEA.DE nor VWCG.DE has paid dividends to shareholders.
Frequently Asked Questions
VGEA.DE and VWCG.DE have a correlation of 0.43, 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 0.10% for VWCG.DE.
VGEA.DE is categorized as European Government Bonds, while VWCG.DE is Europe Equities. VGEA.DE tracks Bloomberg Euro Aggregate Treasury, while VWCG.DE tracks FTSE Developed Europe. Their fees differ too: 0.07% for VGEA.DE and 0.10% for VWCG.DE.
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