VGVE.DE vs. VGEU.DE
VGVE.DE (Vanguard FTSE Developed World UCITS ETF Distributing) and VGEU.DE (Vanguard FTSE Developed Europe UCITS ETF Distributing) are both exchange-traded funds - VGVE.DE is a Global Equities fund tracking the FTSE Developed, while VGEU.DE is a Europe Equities fund tracking the FTSE Developed Europe. Both are passively managed. Over the past 5 years, VGVE.DE returned 12.95%/yr vs 9.90%/yr for VGEU.DE. Their correlation of 0.82 suggests significant overlap in exposure. VGVE.DE charges 0.12%/yr vs 0.10%/yr for VGEU.DE.
Performance
VGVE.DE vs. VGEU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGVE.DE achieves a 12.54% return, which is significantly higher than VGEU.DE's 7.29% return.
VGVE.DE
- 1D
- -0.18%
- 1M
- 5.25%
- YTD
- 12.54%
- 6M
- 13.19%
- 1Y
- 26.14%
- 3Y*
- 18.04%
- 5Y*
- 12.95%
- 10Y*
- —
VGEU.DE
- 1D
- 0.50%
- 1M
- 3.12%
- YTD
- 7.29%
- 6M
- 9.88%
- 1Y
- 16.25%
- 3Y*
- 14.08%
- 5Y*
- 9.90%
- 10Y*
- 9.61%
VGVE.DE vs. VGEU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGVE.DE Vanguard FTSE Developed World UCITS ETF Distributing | 12.54% | 8.78% | 24.92% | 19.91% | -13.71% | 31.39% | 5.44% | 30.68% | -5.85% | 2.00% |
VGEU.DE Vanguard FTSE Developed Europe UCITS ETF Distributing | 7.29% | 20.52% | 8.94% | 16.01% | -9.86% | 24.89% | -2.75% | 27.89% | -11.15% | 0.54% |
Correlation
The correlation between VGVE.DE and VGEU.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 | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.82 |
The correlation between VGVE.DE and VGEU.DE has been stable across timeframes, ranging from 0.72 to 0.82 - a consistent structural relationship.
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Return for Risk
VGVE.DE vs. VGEU.DE — Risk / Return Rank
VGVE.DE
VGEU.DE
VGVE.DE vs. VGEU.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.DE) and Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.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.
| VGVE.DE | VGEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.24 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 1.69 | +2.46 |
| Martin ratioReturn relative to average drawdown | 17.12 | 6.33 | +10.79 |
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
| VGVE.DE | VGEU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 1.26 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.68 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.56 | +0.24 |
Drawdowns
VGVE.DE vs. VGEU.DE - Drawdown Comparison
The maximum VGVE.DE drawdown since its inception was -33.63%, smaller than the maximum VGEU.DE drawdown of -35.59%. Use the drawdown chart below to compare losses from any high point for VGVE.DE and VGEU.DE.
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Drawdown Indicators
| VGVE.DE | VGEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -35.59% | +1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.27% | -9.59% | +3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -21.26% | -16.46% | -4.80% |
Max Drawdown (5Y)Largest decline over 5 years | -21.26% | -20.11% | -1.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.59% | — |
Current DrawdownCurrent decline from peak | -0.58% | -1.53% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -5.03% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 2.56% | -1.04% |
Volatility
VGVE.DE vs. VGEU.DE - Volatility Comparison
The current volatility for Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.DE) is 2.88%, while Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.DE) has a volatility of 4.29%. This indicates that VGVE.DE experiences smaller price fluctuations and is considered to be less risky than VGEU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGVE.DE | VGEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 4.29% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.93% | 10.60% | -2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.23% | 12.81% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 14.35% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.63% | 16.34% | -0.71% |
VGVE.DE vs. VGEU.DE - Expense Ratio Comparison
VGVE.DE has a 0.12% expense ratio, which is higher than VGEU.DE's 0.10% 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
VGVE.DE vs. VGEU.DE - Dividend Comparison
VGVE.DE's dividend yield for the trailing twelve months is around 1.06%, less than VGEU.DE's 2.60% yield.
| 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% |
VGVE.DE Vanguard FTSE Developed World UCITS ETF Distributing | 1.06% | 1.22% | 1.36% | 1.59% | 1.93% | 1.22% | 1.40% | 1.67% | 1.95% | 0.34% | 0.00% | 0.00% |
Frequently Asked Questions
VGVE.DE and VGEU.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, 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 0.12% for VGVE.DE.
VGVE.DE is categorized as Global Equities, while VGEU.DE is Europe Equities. VGVE.DE tracks FTSE Developed, while VGEU.DE tracks FTSE Developed Europe. Their fees differ too: 0.12% for VGVE.DE and 0.10% for VGEU.DE.
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