VGWD.DE vs. MVEW.DE
VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds - VGWD.DE tracks the FTSE All-World High Dividend Yield index while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, VGWD.DE returned 11.49%/yr vs 6.47%/yr for MVEW.DE. A 0.76 correlation means they provide meaningful diversification when combined. VGWD.DE charges 0.29%/yr vs 0.30%/yr for MVEW.DE.
Performance
VGWD.DE vs. MVEW.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 MVEW.DE's 1.17% 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*
- —
MVEW.DE
- 1D
- 0.07%
- 1M
- 1.79%
- YTD
- 1.17%
- 6M
- 1.16%
- 1Y
- 0.46%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
VGWD.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
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% | 13.81% |
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 VGWD.DE and MVEW.DE is 0.60, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.76 |
The correlation between VGWD.DE and MVEW.DE shifts across timeframes, from 0.60 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VGWD.DE vs. MVEW.DE — Risk / Return Rank
VGWD.DE
MVEW.DE
VGWD.DE vs. MVEW.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 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.
| VGWD.DE | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.64 | ||
| Sortino ratioReturn per unit of downside risk | +3.65 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.02 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 0.10 | +4.18 |
| Martin ratioReturn relative to average drawdown | 16.37 | 0.20 | +16.16 |
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 | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.70 | 0.06 | +2.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | 0.62 | +0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.63 | +0.01 |
Drawdowns
VGWD.DE vs. MVEW.DE - Drawdown Comparison
The maximum VGWD.DE drawdown since its inception was -34.57%, 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 VGWD.DE and MVEW.DE.
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Drawdown Indicators
| VGWD.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.57% | -13.19% | -21.38% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | -4.68% | -1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -16.86% | -13.19% | -3.67% |
Max Drawdown (5Y)Largest decline over 5 years | -16.86% | -13.19% | -3.67% |
Current DrawdownCurrent decline from peak | -0.32% | -5.75% | +5.43% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -3.83% | -0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 2.27% | -0.75% |
Volatility
VGWD.DE vs. MVEW.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) is 2.33%, while iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) has a volatility of 2.58%. This indicates that VGWD.DE experiences smaller price fluctuations and is considered to be less risky 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
| VGWD.DE | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.33% | 2.58% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 6.95% | 5.42% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.21% | 7.97% | +1.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.52% | 10.25% | +1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.23% | 10.82% | +3.41% |
VGWD.DE vs. MVEW.DE - Expense Ratio Comparison
VGWD.DE has a 0.29% expense ratio, which is lower than MVEW.DE's 0.30% expense ratio.
Dividends
VGWD.DE vs. MVEW.DE - Dividend Comparison
VGWD.DE's dividend yield for the trailing twelve months is around 2.49%, while MVEW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
VGWD.DE and MVEW.DE have a correlation of 0.60, 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 0.30% for MVEW.DE.
VGWD.DE tracks FTSE All-World High Dividend Yield index, while MVEW.DE tracks MSCI ACWI NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.29% for VGWD.DE and 0.30% for MVEW.DE.
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