VGER.DE vs. ROX.DE

Last updated Jul 18, 2026

VGER.DE (Vanguard Germany All Cap UCITS ETF Dist) and ROX.DE (Expat Romania BET UCITS ETF) are both Europe Equities funds - VGER.DE tracks the FTSE Germany All Cap while ROX.DE tracks the BET Index. Both are passively managed. Over the past 5 years, VGER.DE returned 7.09%/yr vs 23.40%/yr for ROX.DE. At a 0.19 correlation, their price movements are largely independent. VGER.DE charges 0.10%/yr vs 1.38%/yr for ROX.DE.

Performance

VGER.DE vs. ROX.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard Germany All Cap UCITS ETF Dist (VGER.DE) and Expat Romania BET UCITS ETF (ROX.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGER.DE achieves a 1.62% return, which is significantly lower than ROX.DE's 39.19% return.

VGER.DE

• 1D: 0.46%
• 1M: -0.72%
• 6M: -1.36%
• YTD: 1.62%
• 1Y: 1.14%
• 3Y*: 13.87%
• 5Y*: 7.09%
• 10Y*: —

ROX.DE

• 1D: 0.49%
• 1M: 15.08%
• 6M: 23.72%
• YTD: 39.19%
• 1Y: 72.38%
• 3Y*: 35.94%
• 5Y*: 23.40%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VGER.DE vs. ROX.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VGER.DE Vanguard Germany All Cap UCITS ETF Dist	1.62%	21.03%	16.15%	19.29%	-17.72%	13.10%	3.47%	24.75%	-16.56%
ROX.DE Expat Romania BET UCITS ETF	39.19%	43.69%	13.19%	22.15%	-3.87%	34.78%	-1.71%	34.41%	-7.79%

Correlation

The correlation between VGER.DE and ROX.DE is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Jul 17, 2018	0.19

The correlation between VGER.DE and ROX.DE shifts across timeframes, from 0.08 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VGER.DE vs. ROX.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VGER.DE

VGER.DE Risk / Return Rank: 11
VGER.DE Sharpe Ratio Rank: 11
VGER.DE Sortino Ratio Rank: 10
VGER.DE Omega Ratio Rank: 10
VGER.DE Calmar Ratio Rank: 11
VGER.DE Martin Ratio Rank: 12

ROX.DE

ROX.DE Risk / Return Rank: 97
ROX.DE Sharpe Ratio Rank: 98
ROX.DE Sortino Ratio Rank: 96
ROX.DE Omega Ratio Rank: 95
ROX.DE Calmar Ratio Rank: 98
ROX.DE Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VGER.DE vs. ROX.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Germany All Cap UCITS ETF Dist (VGER.DE) and Expat Romania BET UCITS ETF (ROX.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VGER.DE	ROX.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.07	3.74	-3.67
Sortino ratio: Return per unit of downside risk	0.21	4.79	-4.58
Omega ratio: Gain probability vs. loss probability	1.03	1.62	-0.59
Calmar ratio: Return relative to maximum drawdown	0.09	9.10	-9.01
Martin ratio: Return relative to average drawdown	0.30	28.32	-28.02

VGER.DE vs. ROX.DE - Sharpe Ratio Comparison

The current VGER.DE Sharpe Ratio is 0.07, which is lower than the ROX.DE Sharpe Ratio of 3.74. The chart below compares the historical Sharpe Ratios of VGER.DE and ROX.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VGER.DE vs. ROX.DE - Drawdown Comparison

The maximum VGER.DE drawdown since its inception was -38.66%, which is greater than ROX.DE's maximum drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for VGER.DE and ROX.DE.

Drawdown Indicators

	VGER.DE	ROX.DE	Difference
Max Drawdown Largest peak-to-trough decline	-38.66%	-29.00%	-9.66%
Max Drawdown (1Y) Largest decline over 1 year	-12.61%	-7.91%	-4.70%
Max Drawdown (3Y) Largest decline over 3 years	-15.65%	-17.52%	+1.87%
Max Drawdown (5Y) Largest decline over 5 years	-31.17%	-19.51%	-11.66%
Current Drawdown Current decline from peak	-3.46%	0.00%	-3.46%
Average Drawdown Average peak-to-trough decline	-7.26%	-5.26%	-2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.77%	2.55%	+1.22%

Volatility

VGER.DE vs. ROX.DE - Volatility Comparison

The current volatility for Vanguard Germany All Cap UCITS ETF Dist (VGER.DE) is 4.38%, while Expat Romania BET UCITS ETF (ROX.DE) has a volatility of 5.07%. This indicates that VGER.DE experiences smaller price fluctuations and is considered to be less risky than ROX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGER.DE	ROX.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	5.07%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	13.52%	13.79%	-0.27%
Volatility (1Y) Calculated over the trailing 1-year period	16.00%	19.33%	-3.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.07%	19.80%	-2.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.00%	21.02%	-2.02%

VGER.DE vs. ROX.DE - Expense Ratio Comparison

VGER.DE has a 0.10% expense ratio, which is lower than ROX.DE's 1.38% expense ratio.

Dividends

VGER.DE vs. ROX.DE - Dividend Comparison

VGER.DE's dividend yield for the trailing twelve months is around 2.27%, while ROX.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ROX.DE Expat Romania BET UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VGER.DE Vanguard Germany All Cap UCITS ETF Dist	2.27%	2.12%	2.40%	2.96%	4.07%	1.86%	2.62%	2.55%

Frequently Asked Questions

Can I hold both VGER.DE and ROX.DE in my portfolio?

VGER.DE and ROX.DE have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VGER.DE or ROX.DE?

On fees, VGER.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VGER.DE or ROX.DE?

VGER.DE is cheaper with a 0.10% expense ratio, compared with 1.38% for ROX.DE.

What is the main difference between VGER.DE and ROX.DE?

VGER.DE tracks FTSE Germany All Cap, while ROX.DE tracks BET Index. They also come from different issuers: Vanguard and Expat. Their fees differ too: 0.10% for VGER.DE and 1.38% for ROX.DE.