VGEB.DE vs. VGWD.DE
VGEB.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) and VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - VGEB.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, VGEB.DE returned -2.17%/yr vs 11.49%/yr for VGWD.DE. At a 0.03 correlation, their price movements are largely independent. VGEB.DE charges 0.07%/yr vs 0.29%/yr for VGWD.DE.
Performance
VGEB.DE vs. VGWD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGEB.DE achieves a 0.13% return, which is significantly lower than VGWD.DE's 12.49% return.
VGEB.DE
- 1D
- 0.03%
- 1M
- 0.00%
- YTD
- 0.13%
- 6M
- 0.18%
- 1Y
- 0.31%
- 3Y*
- 2.38%
- 5Y*
- -2.17%
- 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*
- —
VGEB.DE vs. VGWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 0.13% | 0.69% | 1.55% | 6.99% | -18.10% | -3.26% | 4.75% | 7.05% | 1.21% | -0.03% |
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% | 25.03% | -8.03% | 1.24% |
Correlation
The correlation between VGEB.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 | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.03 |
Over the past year, VGEB.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
VGEB.DE vs. VGWD.DE — Risk / Return Rank
VGEB.DE
VGWD.DE
VGEB.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 Distributing (VGEB.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.
| VGEB.DE | VGWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.78 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.50 | -0.50 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 4.28 | -4.30 |
| Martin ratioReturn relative to average drawdown | -0.06 | 16.37 | -16.43 |
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
| VGEB.DE | VGWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 2.70 | -2.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.34 | 0.99 | -1.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.64 | -0.67 |
Drawdowns
VGEB.DE vs. VGWD.DE - Drawdown Comparison
The maximum VGEB.DE drawdown since its inception was -22.15%, smaller than the maximum VGWD.DE drawdown of -34.57%. Use the drawdown chart below to compare losses from any high point for VGEB.DE and VGWD.DE.
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Drawdown Indicators
| VGEB.DE | VGWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.15% | -34.57% | +12.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -5.82% | +2.39% |
Max Drawdown (3Y)Largest decline over 3 years | -4.05% | -16.86% | +12.81% |
Max Drawdown (5Y)Largest decline over 5 years | -21.25% | -16.86% | -4.39% |
Current DrawdownCurrent decline from peak | -13.65% | -0.32% | -13.33% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -4.05% | -4.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.52% | -0.17% |
Volatility
VGEB.DE vs. VGWD.DE - Volatility Comparison
The current volatility for Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VGEB.DE) is 1.63%, while Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) has a volatility of 2.33%. This indicates that VGEB.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
| VGEB.DE | VGWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.63% | 2.33% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 3.47% | 6.95% | -3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.16% | 9.21% | -5.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.32% | 11.52% | -5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.52% | 14.23% | -8.71% |
VGEB.DE vs. VGWD.DE - Expense Ratio Comparison
VGEB.DE has a 0.07% expense ratio, which is lower than VGWD.DE's 0.29% expense ratio.
Dividends
VGEB.DE vs. VGWD.DE - Dividend Comparison
VGEB.DE's dividend yield for the trailing twelve months is around 2.89%, more than VGWD.DE's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VGEB.DE Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 2.89% | 2.88% | 2.56% | 1.96% | 0.66% | 0.08% | 0.19% | 0.74% | 0.80% | 0.09% |
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
VGEB.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, VGEB.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEB.DE is cheaper with a 0.07% expense ratio, compared with 0.29% for VGWD.DE.
VGEB.DE is categorized as European Government Bonds, while VGWD.DE is Global Equities. VGEB.DE tracks Bloomberg Euro Aggregate Treasury, while VGWD.DE tracks FTSE All-World High Dividend Yield index. Their fees differ too: 0.07% for VGEB.DE and 0.29% for VGWD.DE.
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