VGVF.DE vs. MVEW.DE
VGVF.DE (Vanguard FTSE Developed World UCITS ETF Acc) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds - VGVF.DE tracks the FTSE Developed while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, VGVF.DE returned 13.14%/yr vs 6.47%/yr for MVEW.DE. A 0.75 correlation means they provide meaningful diversification when combined. VGVF.DE charges 0.12%/yr vs 0.30%/yr for MVEW.DE.
Performance
VGVF.DE vs. MVEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGVF.DE achieves a 12.58% return, which is significantly higher than MVEW.DE's 1.17% return.
VGVF.DE
- 1D
- -0.15%
- 1M
- 5.21%
- YTD
- 12.58%
- 6M
- 13.33%
- 1Y
- 26.41%
- 3Y*
- 18.25%
- 5Y*
- 13.14%
- 10Y*
- —
MVEW.DE
- 1D
- 0.07%
- 1M
- 1.79%
- YTD
- 1.17%
- 6M
- 1.16%
- 1Y
- 0.46%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
VGVF.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VGVF.DE Vanguard FTSE Developed World UCITS ETF Acc | 12.58% | 8.99% | 24.73% | 20.35% | -13.58% | 31.62% | 20.80% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 6.27% | -5.98% | 26.26% | 1.55% |
Correlation
The correlation between VGVF.DE and MVEW.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.75 |
Over the past year, the correlation between VGVF.DE and MVEW.DE has dropped to 0.42 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
VGVF.DE vs. MVEW.DE — Risk / Return Rank
VGVF.DE
MVEW.DE
VGVF.DE vs. MVEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed World UCITS ETF Acc (VGVF.DE) and iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.
| VGVF.DE | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.29 | ||
| Sortino ratioReturn per unit of downside risk | +3.12 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.02 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 4.19 | 0.10 | +4.09 |
| Martin ratioReturn relative to average drawdown | 17.27 | 0.20 | +17.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VGVF.DE | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 0.06 | +2.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.62 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.63 | +0.16 |
Drawdowns
VGVF.DE vs. MVEW.DE - Drawdown Comparison
The maximum VGVF.DE drawdown since its inception was -33.54%, which is greater than MVEW.DE's maximum drawdown of -13.19%. Use the drawdown chart below to compare losses from any high point for VGVF.DE and MVEW.DE.
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Drawdown Indicators
| VGVF.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.54% | -13.19% | -20.35% |
Max Drawdown (1Y)Largest decline over 1 year | -6.28% | -4.68% | -1.60% |
Max Drawdown (3Y)Largest decline over 3 years | -21.17% | -13.19% | -7.98% |
Max Drawdown (5Y)Largest decline over 5 years | -21.17% | -13.19% | -7.98% |
Current DrawdownCurrent decline from peak | -0.55% | -5.75% | +5.20% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -3.83% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 2.27% | -0.74% |
Volatility
VGVF.DE vs. MVEW.DE - Volatility Comparison
Vanguard FTSE Developed World UCITS ETF Acc (VGVF.DE) has a higher volatility of 2.86% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) at 2.58%. This indicates that VGVF.DE's price experiences larger fluctuations and is considered to be riskier than MVEW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGVF.DE | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 2.58% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.02% | 5.42% | +2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.22% | 7.97% | +3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.96% | 10.25% | +3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 10.82% | +5.41% |
VGVF.DE vs. MVEW.DE - Expense Ratio Comparison
VGVF.DE has a 0.12% expense ratio, which is lower than MVEW.DE's 0.30% expense ratio.
Dividends
VGVF.DE vs. MVEW.DE - Dividend Comparison
Neither VGVF.DE nor MVEW.DE has paid dividends to shareholders.
Frequently Asked Questions
VGVF.DE and MVEW.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGVF.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGVF.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for MVEW.DE.
VGVF.DE tracks FTSE Developed, while MVEW.DE tracks MSCI ACWI NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.12% for VGVF.DE and 0.30% for MVEW.DE.
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