VGEU.DE vs. VWCG.DE

Last updated Jun 5, 2026

VGEU.DE (Vanguard FTSE Developed Europe UCITS ETF Distributing) and VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) are both Europe Equities funds from Vanguard tracking the FTSE Developed Europe. Both are passively managed. Over the past 5 years, VGEU.DE returned 9.90%/yr vs 9.96%/yr for VWCG.DE. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.10% expense ratio.

Performance

VGEU.DE vs. VWCG.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.DE) and Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with VGEU.DE having a 7.29% return and VWCG.DE slightly higher at 7.34%.

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%

VWCG.DE

• 1D: 0.57%
• 1M: 1.01%
• YTD: 7.34%
• 6M: 9.93%
• 1Y: 16.18%
• 3Y*: 14.09%
• 5Y*: 9.96%
• 10Y*: —

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

VGEU.DE vs. VWCG.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VGEU.DE Vanguard FTSE Developed Europe UCITS ETF Distributing	7.29%	20.52%	8.94%	16.01%	-9.86%	24.89%	-2.75%	11.24%
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 VGEU.DE and VWCG.DE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Aug 5, 2019	0.97

The correlation between VGEU.DE and VWCG.DE has been stable across timeframes, ranging from 0.97 to 1.00 - a consistent structural relationship.

Return for Risk

VGEU.DE vs. VWCG.DE — Risk / Return Rank

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

VGEU.DE

VGEU.DE Risk / Return Rank: 37
VGEU.DE Sharpe Ratio Rank: 36
VGEU.DE Sortino Ratio Rank: 36
VGEU.DE Omega Ratio Rank: 38
VGEU.DE Calmar Ratio Rank: 35
VGEU.DE Martin Ratio Rank: 40

VWCG.DE

VWCG.DE Risk / Return Rank: 37
VWCG.DE Sharpe Ratio Rank: 36
VWCG.DE Sortino Ratio Rank: 36
VWCG.DE Omega Ratio Rank: 36
VWCG.DE Calmar Ratio Rank: 34
VWCG.DE Martin Ratio Rank: 41

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.

VGEU.DE vs. VWCG.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 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.

	VGEU.DE	VWCG.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.26	0.00
Sortino ratio: Return per unit of downside risk	1.86	1.86	0.00
Omega ratio: Gain probability vs. loss probability	1.24	1.24	0.00
Calmar ratio: Return relative to maximum drawdown	1.69	1.70	-0.01
Martin ratio: Return relative to average drawdown	6.33	6.40	-0.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGEU.DE vs. VWCG.DE - Sharpe Ratio Comparison

The current VGEU.DE Sharpe Ratio is 1.26, which is comparable to the VWCG.DE Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of VGEU.DE and VWCG.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

	VGEU.DE	VWCG.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	1.26	0.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	0.69	-0.01
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	0.64	-0.08

Drawdowns

VGEU.DE vs. VWCG.DE - Drawdown Comparison

The maximum VGEU.DE drawdown since its inception was -35.59%, roughly equal to the maximum VWCG.DE drawdown of -35.68%. Use the drawdown chart below to compare losses from any high point for VGEU.DE and VWCG.DE.

Drawdown Indicators

	VGEU.DE	VWCG.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.59%	-35.68%	+0.09%
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	-9.58%	-0.01%
Max Drawdown (3Y) Largest decline over 3 years	-16.46%	-16.07%	-0.39%
Max Drawdown (5Y) Largest decline over 5 years	-20.11%	-20.10%	-0.01%
Max Drawdown (10Y) Largest decline over 10 years	-35.59%	—	—
Current Drawdown Current decline from peak	-1.53%	-1.51%	-0.02%
Average Drawdown Average peak-to-trough decline	-5.03%	-5.10%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.56%	2.55%	+0.01%

Volatility

VGEU.DE vs. VWCG.DE - Volatility Comparison

Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.DE) and Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) have volatilities of 4.29% and 4.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGEU.DE	VWCG.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	4.33%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	10.60%	10.64%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	12.81%	12.91%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.35%	14.29%	+0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.34%	17.09%	-0.75%

VGEU.DE vs. VWCG.DE - Expense Ratio Comparison

Both VGEU.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

VGEU.DE vs. VWCG.DE - Dividend Comparison

VGEU.DE's dividend yield for the trailing twelve months is around 2.60%, while VWCG.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%
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%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VGEU.DE and VWCG.DE in my portfolio?

With a correlation of 1.00, VGEU.DE and VWCG.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, VGEU.DE or VWCG.DE?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VGEU.DE or VWCG.DE?

VGEU.DE and VWCG.DE have the same expense ratio: 0.10% per year.

What is the main difference between VGEU.DE and VWCG.DE?

Both ETFs track FTSE Developed Europe.