VGEU.DE vs. VGWE.DE
VGEU.DE (Vanguard FTSE Developed Europe UCITS ETF Distributing) and VGWE.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc) are both exchange-traded funds - VGEU.DE is a Europe Equities fund tracking the FTSE Developed Europe, while VGWE.DE is a Dividend fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, VGEU.DE returned 9.90%/yr vs 11.47%/yr for VGWE.DE. Their correlation of 0.80 suggests significant overlap in exposure. VGEU.DE charges 0.10%/yr vs 0.29%/yr for VGWE.DE.
Performance
VGEU.DE vs. VGWE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGEU.DE achieves a 7.29% return, which is significantly lower than VGWE.DE's 12.43% return.
VGEU.DE
- 1D
- 0.50%
- 1M
- 0.90%
- YTD
- 7.29%
- 6M
- 9.88%
- 1Y
- 16.08%
- 3Y*
- 14.08%
- 5Y*
- 9.90%
- 10Y*
- 9.61%
VGWE.DE
- 1D
- 0.23%
- 1M
- 2.28%
- YTD
- 12.43%
- 6M
- 13.64%
- 1Y
- 24.97%
- 3Y*
- 15.83%
- 5Y*
- 11.47%
- 10Y*
- —
VGEU.DE vs. VGWE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VGEU.DE Vanguard FTSE Developed Europe UCITS ETF Distributing | 7.29% | 20.52% | 8.94% | 16.01% | -9.86% | 24.89% | 9.41% |
VGWE.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc | 12.43% | 12.81% | 15.59% | 7.89% | 0.02% | 27.83% | 6.23% |
Correlation
The correlation between VGEU.DE and VGWE.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.80 |
The correlation between VGEU.DE and VGWE.DE has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
VGEU.DE vs. VGWE.DE — Risk / Return Rank
VGEU.DE
VGWE.DE
VGEU.DE vs. VGWE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.DE) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc (VGWE.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.
| VGEU.DE | VGWE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.47 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 4.11 | -2.42 |
| Martin ratioReturn relative to average drawdown | 6.33 | 15.82 | -9.50 |
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
| VGEU.DE | VGWE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.60 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.99 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 1.10 | -0.54 |
Drawdowns
VGEU.DE vs. VGWE.DE - Drawdown Comparison
The maximum VGEU.DE drawdown since its inception was -35.59%, which is greater than VGWE.DE's maximum drawdown of -16.43%. Use the drawdown chart below to compare losses from any high point for VGEU.DE and VGWE.DE.
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Drawdown Indicators
| VGEU.DE | VGWE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.59% | -16.43% | -19.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -6.00% | -3.59% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -16.43% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -16.43% | -3.68% |
Max Drawdown (10Y)Largest decline over 10 years | -35.59% | — | — |
Current DrawdownCurrent decline from peak | -1.53% | -0.37% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -2.37% | -2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 1.56% | +1.00% |
Volatility
VGEU.DE vs. VGWE.DE - Volatility Comparison
Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.DE) has a higher volatility of 4.29% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc (VGWE.DE) at 2.38%. This indicates that VGEU.DE's price experiences larger fluctuations and is considered to be riskier than VGWE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGEU.DE | VGWE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 2.38% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 7.18% | +3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.81% | 9.47% | +3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.35% | 11.51% | +2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 12.23% | +4.11% |
VGEU.DE vs. VGWE.DE - Expense Ratio Comparison
VGEU.DE has a 0.10% expense ratio, which is lower than VGWE.DE's 0.29% expense ratio.
Dividends
VGEU.DE vs. VGWE.DE - Dividend Comparison
VGEU.DE's dividend yield for the trailing twelve months is around 2.60%, while VGWE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGEU.DE Vanguard FTSE Developed Europe UCITS ETF Distributing | 2.60% | 2.79% | 3.07% | 2.99% | 3.31% | 2.65% | 2.23% | 3.22% | 3.65% | 3.04% | 3.20% | 3.11% |
VGWE.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VGEU.DE and VGWE.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEU.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEU.DE is cheaper with a 0.10% expense ratio, compared with 0.29% for VGWE.DE.
VGEU.DE is categorized as Europe Equities, while VGWE.DE is Dividend. VGEU.DE tracks FTSE Developed Europe, while VGWE.DE tracks FTSE All-World High Dividend Yield Index. Their fees differ too: 0.10% for VGEU.DE and 0.29% for VGWE.DE.
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