VGEJ.DE vs. VGWL.DE
VGEJ.DE (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing) and VGWL.DE (Vanguard FTSE All-World UCITS ETF Distributing) are both exchange-traded funds - VGEJ.DE is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific ex Japan, while VGWL.DE is a Global Equities fund tracking the FTSE All-World. Both are passively managed. Over the past 5 years, VGEJ.DE returned 15.69%/yr vs 12.28%/yr for VGWL.DE. A 0.77 correlation means they provide meaningful diversification when combined. VGEJ.DE charges 0.15%/yr vs 0.22%/yr for VGWL.DE.
Performance
VGEJ.DE vs. VGWL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGEJ.DE achieves a 50.18% return, which is significantly higher than VGWL.DE's 12.63% return.
VGEJ.DE
- 1D
- -3.08%
- 1M
- 7.14%
- YTD
- 50.18%
- 6M
- 54.46%
- 1Y
- 78.68%
- 3Y*
- 26.79%
- 5Y*
- 15.69%
- 10Y*
- 15.36%
VGWL.DE
- 1D
- -0.24%
- 1M
- 3.64%
- YTD
- 12.63%
- 6M
- 12.78%
- 1Y
- 26.26%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
VGEJ.DE vs. VGWL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGEJ.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing | 50.18% | 24.74% | 3.34% | 10.27% | -4.11% | 14.06% | 11.18% | 25.07% | -6.90% | 6.33% |
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing | 12.63% | 9.18% | 24.40% | 18.17% | -13.48% | 28.60% | 5.38% | 30.12% | -6.03% | 2.20% |
Correlation
The correlation between VGEJ.DE and VGWL.DE 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 | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.77 |
The correlation between VGEJ.DE and VGWL.DE has been stable across timeframes, ranging from 0.71 to 0.77 - a consistent structural relationship.
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Return for Risk
VGEJ.DE vs. VGWL.DE — Risk / Return Rank
VGEJ.DE
VGWL.DE
VGEJ.DE vs. VGWL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VGEJ.DE) and Vanguard FTSE All-World UCITS ETF Distributing (VGWL.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.
| VGEJ.DE | VGWL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.44 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 6.17 | 3.99 | +2.17 |
| Martin ratioReturn relative to average drawdown | 24.13 | 16.38 | +7.75 |
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
| VGEJ.DE | VGWL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.80 | 2.32 | +1.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.88 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.93 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.77 | +0.02 |
Drawdowns
VGEJ.DE vs. VGWL.DE - Drawdown Comparison
The maximum VGEJ.DE drawdown since its inception was -36.78%, which is greater than VGWL.DE's maximum drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for VGEJ.DE and VGWL.DE.
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Drawdown Indicators
| VGEJ.DE | VGWL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.78% | -33.40% | -3.38% |
Max Drawdown (1Y)Largest decline over 1 year | -12.94% | -6.57% | -6.37% |
Max Drawdown (3Y)Largest decline over 3 years | -19.66% | -21.04% | +1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -19.66% | -21.04% | +1.38% |
Max Drawdown (10Y)Largest decline over 10 years | -36.78% | — | — |
Current DrawdownCurrent decline from peak | -3.88% | -0.64% | -3.24% |
Average DrawdownAverage peak-to-trough decline | -4.86% | -4.34% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 1.61% | +1.70% |
Volatility
VGEJ.DE vs. VGWL.DE - Volatility Comparison
Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing (VGEJ.DE) has a higher volatility of 10.63% compared to Vanguard FTSE All-World UCITS ETF Distributing (VGWL.DE) at 3.02%. This indicates that VGEJ.DE's price experiences larger fluctuations and is considered to be riskier than VGWL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGEJ.DE | VGWL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.63% | 3.02% | +7.61% |
Volatility (6M)Calculated over the trailing 6-month period | 18.75% | 8.13% | +10.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.99% | 11.29% | +9.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 13.76% | +2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 15.51% | +3.78% |
VGEJ.DE vs. VGWL.DE - Expense Ratio Comparison
VGEJ.DE has a 0.15% expense ratio, which is lower than VGWL.DE's 0.22% 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
VGEJ.DE vs. VGWL.DE - Dividend Comparison
VGEJ.DE's dividend yield for the trailing twelve months is around 1.80%, more than VGWL.DE's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGEJ.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing | 1.80% | 2.75% | 5.36% | 7.33% | 7.98% | 7.49% | 4.34% | 6.92% | 7.83% | 4.28% | 3.08% | 2.78% |
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing | 1.24% | 1.42% | 1.48% | 1.73% | 2.09% | 1.43% | 1.56% | 1.87% | 2.26% | 0.37% | 0.00% | 0.00% |
Frequently Asked Questions
VGEJ.DE and VGWL.DE 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, VGEJ.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEJ.DE is cheaper with a 0.15% expense ratio, compared with 0.22% for VGWL.DE.
VGEJ.DE is categorized as Asia Pacific Equities, while VGWL.DE is Global Equities. VGEJ.DE tracks FTSE Developed Asia Pacific ex Japan, while VGWL.DE tracks FTSE All-World. Their fees differ too: 0.15% for VGEJ.DE and 0.22% for VGWL.DE.
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