VGVF.DE vs. VGWL.DE
VGVF.DE (Vanguard FTSE Developed World UCITS ETF Acc) and VGWL.DE (Vanguard FTSE All-World UCITS ETF Distributing) are both Global Equities funds from Vanguard - VGVF.DE tracks the FTSE Developed while VGWL.DE tracks the FTSE All-World. Both are passively managed. Over the past 5 years, VGVF.DE returned 13.14%/yr vs 12.28%/yr for VGWL.DE. With a 0.97 correlation, they move nearly in lockstep. VGVF.DE charges 0.12%/yr vs 0.22%/yr for VGWL.DE.
Performance
VGVF.DE vs. VGWL.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VGVF.DE having a 12.58% return and VGWL.DE slightly higher at 12.63%.
VGVF.DE
- 1D
- -0.15%
- 1M
- 5.21%
- YTD
- 12.58%
- 6M
- 13.33%
- 1Y
- 26.41%
- 3Y*
- 18.25%
- 5Y*
- 13.14%
- 10Y*
- —
VGWL.DE
- 1D
- -0.24%
- 1M
- 5.01%
- YTD
- 12.63%
- 6M
- 13.34%
- 1Y
- 26.36%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
VGVF.DE vs. VGWL.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% | 3.27% |
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing | 12.63% | 9.18% | 24.40% | 18.17% | -13.48% | 28.60% | 3.22% |
Correlation
The correlation between VGVF.DE and VGWL.DE is 0.99 - 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 | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2020 | 0.97 |
The correlation between VGVF.DE and VGWL.DE has been stable across timeframes, ranging from 0.95 to 0.99 - a consistent structural relationship.
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Return for Risk
VGVF.DE vs. VGWL.DE — Risk / Return Rank
VGVF.DE
VGWL.DE
VGVF.DE vs. VGWL.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 Vanguard FTSE All-World UCITS ETF Distributing (VGWL.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 | VGWL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.44 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.19 | 3.99 | +0.19 |
| Martin ratioReturn relative to average drawdown | 17.27 | 16.38 | +0.89 |
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 | VGWL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 2.32 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.88 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.77 | +0.02 |
Drawdowns
VGVF.DE vs. VGWL.DE - Drawdown Comparison
The maximum VGVF.DE drawdown since its inception was -33.54%, roughly equal to the maximum VGWL.DE drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for VGVF.DE and VGWL.DE.
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Drawdown Indicators
| VGVF.DE | VGWL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.54% | -33.40% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -6.28% | -6.57% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -21.17% | -21.04% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -21.17% | -21.04% | -0.13% |
Current DrawdownCurrent decline from peak | -0.55% | -0.64% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -4.34% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.61% | -0.08% |
Volatility
VGVF.DE vs. VGWL.DE - Volatility Comparison
The current volatility for Vanguard FTSE Developed World UCITS ETF Acc (VGVF.DE) is 2.86%, while Vanguard FTSE All-World UCITS ETF Distributing (VGWL.DE) has a volatility of 3.02%. This indicates that VGVF.DE experiences smaller price fluctuations and is considered to be less risky than VGWL.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 | VGWL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 3.02% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.02% | 8.13% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.22% | 11.29% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.96% | 13.76% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.23% | 15.51% | +0.72% |
VGVF.DE vs. VGWL.DE - Expense Ratio Comparison
VGVF.DE has a 0.12% expense ratio, which is lower than VGWL.DE's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VGVF.DE vs. VGWL.DE - Dividend Comparison
VGVF.DE has not paid dividends to shareholders, while VGWL.DE's dividend yield for the trailing twelve months is around 1.24%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VGVF.DE Vanguard FTSE Developed World UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing | 1.24% | 1.42% | 1.48% | 1.73% | 2.09% | 1.43% | 1.56% | 1.87% | 2.26% | 0.37% |
Frequently Asked Questions
With a correlation of 0.99, VGVF.DE and VGWL.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.
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 0.22% for VGWL.DE.
VGVF.DE tracks FTSE Developed, while VGWL.DE tracks FTSE All-World. Their fees differ too: 0.12% for VGVF.DE and 0.22% for VGWL.DE.
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