VGWD.DE vs. IS3M.DE
VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and IS3M.DE (iShares € Ultrashort Bond UCITS ETF) are both exchange-traded funds - VGWD.DE is a Global Equities fund tracking the FTSE All-World High Dividend Yield index, while IS3M.DE is a Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). Both are passively managed. Over the past 5 years, VGWD.DE returned 11.49%/yr vs 2.10%/yr for IS3M.DE. At a 0.04 correlation, their price movements are largely independent. VGWD.DE charges 0.29%/yr vs 0.09%/yr for IS3M.DE.
Performance
VGWD.DE vs. IS3M.DE - 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 IS3M.DE's 0.92% 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*
- —
IS3M.DE
- 1D
- 0.04%
- 1M
- 0.34%
- YTD
- 0.92%
- 6M
- 1.01%
- 1Y
- 2.26%
- 3Y*
- 3.34%
- 5Y*
- 2.10%
- 10Y*
- 1.01%
VGWD.DE vs. IS3M.DE - 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% |
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 0.92% | 2.61% | 4.12% | 3.42% | -0.29% | -0.36% | 0.09% | 0.34% | -0.62% | -0.08% |
Correlation
The correlation between VGWD.DE and IS3M.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.04 |
The correlation between VGWD.DE and IS3M.DE shifts across timeframes, from 0.04 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VGWD.DE vs. IS3M.DE — Risk / Return Rank
VGWD.DE
IS3M.DE
VGWD.DE vs. IS3M.DE - 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 iShares € Ultrashort Bond UCITS ETF (IS3M.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.
| VGWD.DE | IS3M.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.64 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 7.59 | -3.31 |
| Martin ratioReturn relative to average drawdown | 16.37 | 49.96 | -33.60 |
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 | IS3M.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.70 | 2.95 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 2.74 | -1.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.86 | -0.22 |
Drawdowns
VGWD.DE vs. IS3M.DE - Drawdown Comparison
The maximum VGWD.DE drawdown since its inception was -34.57%, which is greater than IS3M.DE's maximum drawdown of -3.80%. Use the drawdown chart below to compare losses from any high point for VGWD.DE and IS3M.DE.
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Drawdown Indicators
| VGWD.DE | IS3M.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.57% | -3.80% | -30.77% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | -0.30% | -5.52% |
Max Drawdown (3Y)Largest decline over 3 years | -16.86% | -0.47% | -16.39% |
Max Drawdown (5Y)Largest decline over 5 years | -16.86% | -1.21% | -15.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.80% | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.01% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -0.29% | -3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 0.05% | +1.47% |
Volatility
VGWD.DE vs. IS3M.DE - Volatility Comparison
Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) has a higher volatility of 2.33% compared to iShares € Ultrashort Bond UCITS ETF (IS3M.DE) at 0.29%. This indicates that VGWD.DE's price experiences larger fluctuations and is considered to be riskier than IS3M.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGWD.DE | IS3M.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 0.29% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 0.59% | +6.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.21% | 0.76% | +8.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.52% | 0.76% | +10.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.23% | 1.11% | +13.12% |
VGWD.DE vs. IS3M.DE - Expense Ratio Comparison
VGWD.DE has a 0.29% expense ratio, which is higher than IS3M.DE's 0.09% expense ratio.
Dividends
VGWD.DE vs. IS3M.DE - Dividend Comparison
VGWD.DE's dividend yield for the trailing twelve months is around 2.49%, less than IS3M.DE's 3.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 3.29% | 2.74% | 3.80% | 2.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.13% |
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 IS3M.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3M.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3M.DE is cheaper with a 0.09% expense ratio, compared with 0.29% for VGWD.DE.
VGWD.DE is categorized as Global Equities, while IS3M.DE is Ultrashort Bond. VGWD.DE tracks FTSE All-World High Dividend Yield index, while IS3M.DE tracks Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR). They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.29% for VGWD.DE and 0.09% for IS3M.DE.
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