VGER.DE vs. VGWL.DE
VGER.DE (Vanguard Germany All Cap UCITS ETF Dist) and VGWL.DE (Vanguard FTSE All-World UCITS ETF Distributing) are both exchange-traded funds - VGER.DE is a Europe Equities fund tracking the FTSE Germany All Cap, while VGWL.DE is a Global Equities fund tracking the FTSE All-World. Both are passively managed. Over the past 5 years, VGER.DE returned 7.30%/yr vs 12.28%/yr for VGWL.DE. A 0.74 correlation means they provide meaningful diversification when combined. VGER.DE charges 0.10%/yr vs 0.22%/yr for VGWL.DE.
Performance
VGER.DE vs. VGWL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGER.DE achieves a 2.83% return, which is significantly lower than VGWL.DE's 12.63% return.
VGER.DE
- 1D
- 0.30%
- 1M
- 2.57%
- YTD
- 2.83%
- 6M
- 5.80%
- 1Y
- 2.42%
- 3Y*
- 14.77%
- 5Y*
- 7.30%
- 10Y*
- —
VGWL.DE
- 1D
- -0.24%
- 1M
- 3.64%
- YTD
- 12.63%
- 6M
- 12.78%
- 1Y
- 26.26%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
VGER.DE vs. VGWL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VGER.DE Vanguard Germany All Cap UCITS ETF Dist | 2.83% | 21.13% | 16.18% | 19.26% | -17.51% | 12.84% | 3.89% | 23.04% | -15.57% |
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% | -9.72% |
Correlation
The correlation between VGER.DE and VGWL.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2018 | 0.74 |
The correlation between VGER.DE and VGWL.DE has been stable across timeframes, ranging from 0.69 to 0.75 - a consistent structural relationship.
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Return for Risk
VGER.DE vs. VGWL.DE — Risk / Return Rank
VGER.DE
VGWL.DE
VGER.DE vs. VGWL.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 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.
| VGER.DE | VGWL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.92 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.44 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 3.99 | -3.79 |
| Martin ratioReturn relative to average drawdown | 0.59 | 16.38 | -15.79 |
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
| VGER.DE | VGWL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 2.32 | -2.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.88 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.77 | -0.38 |
Drawdowns
VGER.DE vs. VGWL.DE - Drawdown Comparison
The maximum VGER.DE drawdown since its inception was -38.64%, 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 VGER.DE and VGWL.DE.
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Drawdown Indicators
| VGER.DE | VGWL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.64% | -33.40% | -5.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -6.57% | -5.17% |
Max Drawdown (3Y)Largest decline over 3 years | -15.63% | -21.04% | +5.41% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -21.04% | -10.13% |
Current DrawdownCurrent decline from peak | -1.75% | -0.64% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -4.34% | -2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 1.61% | +2.47% |
Volatility
VGER.DE vs. VGWL.DE - Volatility Comparison
Vanguard Germany All Cap UCITS ETF Dist (VGER.DE) has a higher volatility of 4.79% compared to Vanguard FTSE All-World UCITS ETF Distributing (VGWL.DE) at 3.02%. This indicates that VGER.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
| VGER.DE | VGWL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 3.02% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 12.70% | 8.13% | +4.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.77% | 11.29% | +4.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.01% | 13.76% | +3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 15.51% | +4.06% |
VGER.DE vs. VGWL.DE - Expense Ratio Comparison
VGER.DE has a 0.10% 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
VGER.DE vs. VGWL.DE - Dividend Comparison
VGER.DE's dividend yield for the trailing twelve months is around 2.13%, more than VGWL.DE's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VGER.DE Vanguard Germany All Cap UCITS ETF Dist | 2.13% | 2.12% | 2.40% | 2.96% | 4.07% | 1.86% | 2.93% | 2.55% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
VGER.DE and VGWL.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
VGER.DE is cheaper with a 0.10% expense ratio, compared with 0.22% for VGWL.DE.
VGER.DE is categorized as Europe Equities, while VGWL.DE is Global Equities. VGER.DE tracks FTSE Germany All Cap, while VGWL.DE tracks FTSE All-World. Their fees differ too: 0.10% for VGER.DE and 0.22% for VGWL.DE.
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