VGER.DE vs. VWCG.DE
VGER.DE (Vanguard Germany All Cap UCITS ETF Dist) and VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) are both Europe Equities funds from Vanguard - VGER.DE tracks the FTSE Germany All Cap while VWCG.DE tracks the FTSE Developed Europe. Both are passively managed. Over the past 5 years, VGER.DE returned 7.30%/yr vs 9.96%/yr for VWCG.DE. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
VGER.DE vs. VWCG.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 VWCG.DE's 7.34% 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*
- —
VWCG.DE
- 1D
- 0.57%
- 1M
- 3.14%
- YTD
- 7.34%
- 6M
- 9.89%
- 1Y
- 16.38%
- 3Y*
- 14.09%
- 5Y*
- 9.96%
- 10Y*
- —
VGER.DE vs. VWCG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGER.DE Vanguard Germany All Cap UCITS ETF Dist | 2.83% | 21.13% | 16.18% | 19.26% | -17.51% | 12.84% | 3.89% | 11.49% |
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 7.34% | 20.45% | 8.94% | 16.07% | -9.71% | 24.74% | -2.59% | 11.39% |
Correlation
The correlation between VGER.DE and VWCG.DE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2019 | 0.89 |
The correlation between VGER.DE and VWCG.DE has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
VGER.DE vs. VWCG.DE — Risk / Return Rank
VGER.DE
VWCG.DE
VGER.DE vs. VWCG.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 Developed Europe UCITS ETF (EUR) Accumulating (VWCG.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 | VWCG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.24 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.21 | 1.70 | -1.50 |
| Martin ratioReturn relative to average drawdown | 0.59 | 6.40 | -5.81 |
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 | VWCG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 1.26 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.69 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.64 | -0.25 |
Drawdowns
VGER.DE vs. VWCG.DE - Drawdown Comparison
The maximum VGER.DE drawdown since its inception was -38.64%, which is greater than VWCG.DE's maximum drawdown of -35.68%. Use the drawdown chart below to compare losses from any high point for VGER.DE and VWCG.DE.
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Drawdown Indicators
| VGER.DE | VWCG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.64% | -35.68% | -2.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -9.58% | -2.16% |
Max Drawdown (3Y)Largest decline over 3 years | -15.63% | -16.07% | +0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -31.17% | -20.10% | -11.07% |
Current DrawdownCurrent decline from peak | -1.75% | -1.51% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -7.16% | -5.10% | -2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 2.55% | +1.53% |
Volatility
VGER.DE vs. VWCG.DE - Volatility Comparison
Vanguard Germany All Cap UCITS ETF Dist (VGER.DE) has a higher volatility of 4.79% compared to Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) at 4.33%. This indicates that VGER.DE's price experiences larger fluctuations and is considered to be riskier than VWCG.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 | VWCG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.79% | 4.33% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 12.70% | 10.64% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.77% | 12.91% | +2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.01% | 14.29% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.57% | 17.09% | +2.48% |
VGER.DE vs. VWCG.DE - Expense Ratio Comparison
Both VGER.DE and VWCG.DE have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VGER.DE vs. VWCG.DE - Dividend Comparison
VGER.DE's dividend yield for the trailing twelve months is around 2.13%, while VWCG.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VGER.DE and VWCG.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VGER.DE and VWCG.DE have the same expense ratio: 0.10% per year.
VGER.DE tracks FTSE Germany All Cap, while VWCG.DE tracks FTSE Developed Europe.
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