VGER.DE vs. VUSA.DE

Last updated Jun 5, 2026

VGER.DE (Vanguard Germany All Cap UCITS ETF Dist) and VUSA.DE (Vanguard S&P 500 UCITS ETF) are both exchange-traded funds - VGER.DE is a Europe Equities fund tracking the FTSE Germany All Cap, while VUSA.DE is a S&P 500 fund tracking the S&P 500 Net Total Return. Both are passively managed. Over the past 5 years, VGER.DE returned 7.30%/yr vs 14.76%/yr for VUSA.DE. A 0.64 correlation means they provide meaningful diversification when combined. VGER.DE charges 0.10%/yr vs 0.07%/yr for VUSA.DE.

Performance

VGER.DE vs. VUSA.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 Vanguard S&P 500 UCITS ETF (VUSA.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 2.83% return, which is significantly lower than VUSA.DE's 11.38% return.

VGER.DE

• 1D: 0.30%
• 1M: 0.79%
• YTD: 2.83%
• 6M: 5.10%
• 1Y: 2.05%
• 3Y*: 14.77%
• 5Y*: 7.30%
• 10Y*: —

VUSA.DE

• 1D: -0.12%
• 1M: 4.37%
• YTD: 11.38%
• 6M: 10.86%
• 1Y: 25.53%
• 3Y*: 18.87%
• 5Y*: 14.76%
• 10Y*: —

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

VGER.DE vs. VUSA.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%
VUSA.DE Vanguard S&P 500 UCITS ETF	11.38%	4.74%	32.32%	22.44%	-14.26%	40.76%	6.77%	34.46%	-8.94%

Correlation

The correlation between VGER.DE and VUSA.DE is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jul 20, 2018	0.64

The correlation between VGER.DE and VUSA.DE has been stable across timeframes, ranging from 0.55 to 0.64 - a consistent structural relationship.

Return for Risk

VGER.DE vs. VUSA.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: 11
VGER.DE Omega Ratio Rank: 11
VGER.DE Calmar Ratio Rank: 12
VGER.DE Martin Ratio Rank: 12

VUSA.DE

VUSA.DE Risk / Return Rank: 69
VUSA.DE Sharpe Ratio Rank: 68
VUSA.DE Sortino Ratio Rank: 65
VUSA.DE Omega Ratio Rank: 70
VUSA.DE Calmar Ratio Rank: 72
VUSA.DE Martin Ratio Rank: 70

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. VUSA.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 S&P 500 UCITS ETF (VUSA.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	VUSA.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.15	2.20	-2.05
Sortino ratio: Return per unit of downside risk	0.33	2.99	-2.66
Omega ratio: Gain probability vs. loss probability	1.04	1.41	-0.37
Calmar ratio: Return relative to maximum drawdown	0.21	3.57	-3.37
Martin ratio: Return relative to average drawdown	0.59	12.71	-12.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current VGER.DE Sharpe Ratio is 0.15, which is lower than the VUSA.DE Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of VGER.DE and VUSA.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.

Sharpe Ratios by Period

	VGER.DE	VUSA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.15	2.20	-2.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.96	-0.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.89	-0.50

Drawdowns

VGER.DE vs. VUSA.DE - Drawdown Comparison

The maximum VGER.DE drawdown since its inception was -38.64%, which is greater than VUSA.DE's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for VGER.DE and VUSA.DE.

Drawdown Indicators

	VGER.DE	VUSA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-38.64%	-33.63%	-5.01%
Max Drawdown (1Y) Largest decline over 1 year	-11.74%	-7.13%	-4.61%
Max Drawdown (3Y) Largest decline over 3 years	-15.63%	-23.24%	+7.61%
Max Drawdown (5Y) Largest decline over 5 years	-31.17%	-23.24%	-7.93%
Current Drawdown Current decline from peak	-1.75%	-0.44%	-1.31%
Average Drawdown Average peak-to-trough decline	-7.16%	-4.40%	-2.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	2.01%	+2.07%

Volatility

VGER.DE vs. VUSA.DE - Volatility Comparison

Vanguard Germany All Cap UCITS ETF Dist (VGER.DE) has a higher volatility of 4.79% compared to Vanguard S&P 500 UCITS ETF (VUSA.DE) at 2.68%. This indicates that VGER.DE's price experiences larger fluctuations and is considered to be riskier than VUSA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGER.DE	VUSA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	2.68%	+2.11%
Volatility (6M) Calculated over the trailing 6-month period	12.70%	7.59%	+5.11%
Volatility (1Y) Calculated over the trailing 1-year period	15.77%	11.58%	+4.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.01%	15.17%	+1.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.57%	16.77%	+2.80%

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

VGER.DE has a 0.10% expense ratio, which is higher than VUSA.DE's 0.07% expense ratio. However, 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. VUSA.DE - Dividend Comparison

VGER.DE's dividend yield for the trailing twelve months is around 2.13%, more than VUSA.DE's 0.87% 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%
VUSA.DE Vanguard S&P 500 UCITS ETF	0.87%	0.97%	1.00%	1.25%	1.45%	1.02%	1.43%	1.45%	1.74%	0.41%

Frequently Asked Questions

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

VGER.DE and VUSA.DE have a correlation of 0.63, 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 VUSA.DE?

On fees, VUSA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

VUSA.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for VGER.DE.

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

VGER.DE is categorized as Europe Equities, while VUSA.DE is S&P 500. VGER.DE tracks FTSE Germany All Cap, while VUSA.DE tracks S&P 500 Net Total Return. Their fees differ too: 0.10% for VGER.DE and 0.07% for VUSA.DE.