VGWD.DE vs. GLDV.MI
VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and GLDV.MI (SPDR S&P Global Dividend Aristocrats UCITS) are both exchange-traded funds - VGWD.DE is a Global Equities fund tracking the FTSE All-World High Dividend Yield index, while GLDV.MI is a Global Equity Income fund tracking the S&P Global BMI Index. Both are passively managed. Over the past 5 years, VGWD.DE returned 11.49%/yr vs 6.54%/yr for GLDV.MI. Their correlation of 0.85 suggests significant overlap in exposure. VGWD.DE charges 0.29%/yr vs 0.45%/yr for GLDV.MI.
Performance
VGWD.DE vs. GLDV.MI - Performance Comparison
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Returns By Period
In the year-to-date period, VGWD.DE achieves a 12.49% return, which is significantly higher than GLDV.MI's 7.40% return.
VGWD.DE
- 1D
- 0.19%
- 1M
- 3.35%
- YTD
- 12.49%
- 6M
- 14.15%
- 1Y
- 25.00%
- 3Y*
- 15.87%
- 5Y*
- 11.49%
- 10Y*
- —
GLDV.MI
- 1D
- 0.51%
- 1M
- 0.26%
- YTD
- 7.40%
- 6M
- 8.14%
- 1Y
- 15.47%
- 3Y*
- 11.60%
- 5Y*
- 6.54%
- 10Y*
- 6.23%
VGWD.DE vs. GLDV.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 12.49% | 13.16% | 15.75% | 7.29% | 0.08% | 27.90% | -9.60% | 25.03% | -8.03% | 1.24% |
GLDV.MI SPDR S&P Global Dividend Aristocrats UCITS | 7.40% | 4.55% | 14.31% | 3.25% | -1.62% | 25.05% | -16.89% | 22.98% | -4.10% | 3.05% |
Correlation
The correlation between VGWD.DE and GLDV.MI is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.85 |
The correlation between VGWD.DE and GLDV.MI has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.
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Return for Risk
VGWD.DE vs. GLDV.MI — Risk / Return Rank
VGWD.DE
GLDV.MI
VGWD.DE vs. GLDV.MI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) and SPDR S&P Global Dividend Aristocrats UCITS (GLDV.MI). 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.
| VGWD.DE | GLDV.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.30 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.29 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 2.81 | +1.47 |
| Martin ratioReturn relative to average drawdown | 16.37 | 9.02 | +7.35 |
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
| VGWD.DE | GLDV.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.70 | 1.71 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.53 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.48 | +0.16 |
Drawdowns
VGWD.DE vs. GLDV.MI - Drawdown Comparison
The maximum VGWD.DE drawdown since its inception was -34.57%, smaller than the maximum GLDV.MI drawdown of -41.02%. Use the drawdown chart below to compare losses from any high point for VGWD.DE and GLDV.MI.
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Drawdown Indicators
| VGWD.DE | GLDV.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.57% | -41.02% | +6.45% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | -5.51% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -16.86% | -16.81% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -16.86% | -18.38% | +1.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.02% | — |
Current DrawdownCurrent decline from peak | -0.32% | -1.29% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -6.84% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.72% | -0.20% |
Volatility
VGWD.DE vs. GLDV.MI - Volatility Comparison
Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) and SPDR S&P Global Dividend Aristocrats UCITS (GLDV.MI) have volatilities of 2.33% and 2.37%, 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.
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Volatility by Period
| VGWD.DE | GLDV.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 2.37% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 6.50% | +0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.21% | 9.03% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.52% | 12.35% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.23% | 14.78% | -0.55% |
VGWD.DE vs. GLDV.MI - Expense Ratio Comparison
VGWD.DE has a 0.29% expense ratio, which is lower than GLDV.MI's 0.45% expense ratio.
Dividends
VGWD.DE vs. GLDV.MI - Dividend Comparison
VGWD.DE's dividend yield for the trailing twelve months is around 2.49%, less than GLDV.MI's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDV.MI SPDR S&P Global Dividend Aristocrats UCITS | 3.89% | 4.25% | 3.73% | 4.25% | 4.51% | 3.57% | 3.97% | 3.46% | 5.10% | 3.36% | 3.62% | 3.80% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.49% | 2.84% | 3.05% | 3.39% | 3.78% | 3.03% | 3.08% | 3.21% | 3.70% | 0.58% | 0.00% | 0.00% |
Frequently Asked Questions
VGWD.DE and GLDV.MI have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGWD.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGWD.DE is cheaper with a 0.29% expense ratio, compared with 0.45% for GLDV.MI.
VGWD.DE is categorized as Global Equities, while GLDV.MI is Global Equity Income. VGWD.DE tracks FTSE All-World High Dividend Yield index, while GLDV.MI tracks S&P Global BMI Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.29% for VGWD.DE and 0.45% for GLDV.MI.
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