VGWD.DE vs. VFEM.DE
VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and VFEM.DE (Vanguard FTSE Emerging Markets UCITS ETF Distributing) are both exchange-traded funds - VGWD.DE is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while VFEM.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, VGWD.DE returned 12.04%/yr vs 5.70%/yr for VFEM.DE. A 0.67 correlation means they provide meaningful diversification when combined. VGWD.DE charges 0.29%/yr vs 0.22%/yr for VFEM.DE.
Performance
VGWD.DE vs. VFEM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGWD.DE achieves a 15.12% return, which is significantly higher than VFEM.DE's 12.64% return.
VGWD.DE
- 1D
- 0.36%
- 1M
- 2.54%
- YTD
- 15.12%
- 6M
- 15.77%
- 1Y
- 29.59%
- 3Y*
- 17.21%
- 5Y*
- 12.04%
- 10Y*
- —
VFEM.DE
- 1D
- -0.64%
- 1M
- 0.80%
- YTD
- 12.64%
- 6M
- 12.86%
- 1Y
- 25.79%
- 3Y*
- 15.51%
- 5Y*
- 5.70%
- 10Y*
- —
VGWD.DE vs. VFEM.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 | 15.12% | 13.16% | 15.75% | 7.29% | 0.08% | 27.89% | -9.60% | 25.03% | -8.03% | 1.24% |
VFEM.DE Vanguard FTSE Emerging Markets UCITS ETF Distributing | 12.64% | 11.40% | 19.82% | 3.28% | -11.01% | 6.34% | 3.56% | 23.55% | -9.31% | 3.05% |
Correlation
The correlation between VGWD.DE and VFEM.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.67 |
The correlation between VGWD.DE and VFEM.DE has been stable across timeframes, ranging from 0.58 to 0.67 - a consistent structural relationship.
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Return for Risk
VGWD.DE vs. VFEM.DE — Risk / Return Rank
VGWD.DE
VFEM.DE
VGWD.DE vs. VFEM.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 Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VGWD.DE | VFEM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.30 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 5.06 | 3.03 | +2.04 |
| Martin ratioReturn relative to average drawdown | 19.89 | 9.99 | +9.90 |
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Drawdowns
VGWD.DE vs. VFEM.DE - Drawdown Comparison
The maximum VGWD.DE drawdown since its inception was -34.57%, which is greater than VFEM.DE's maximum drawdown of -31.59%. Use the drawdown chart below to compare losses from any high point for VGWD.DE and VFEM.DE.
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Drawdown Indicators
| VGWD.DE | VFEM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.57% | -31.59% | -2.98% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | -8.49% | +2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -16.86% | -18.56% | +1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -16.86% | -20.11% | +3.25% |
Current DrawdownCurrent decline from peak | 0.00% | -3.54% | +3.54% |
Average DrawdownAverage peak-to-trough decline | -4.02% | -8.19% | +4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 2.58% | -1.10% |
Volatility
VGWD.DE vs. VFEM.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) is 2.22%, while Vanguard FTSE Emerging Markets UCITS ETF Distributing (VFEM.DE) has a volatility of 6.00%. This indicates that VGWD.DE experiences smaller price fluctuations and is considered to be less risky than VFEM.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 | VFEM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.22% | 6.00% | -3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 7.18% | 12.72% | -5.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.37% | 15.34% | -5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.54% | 16.10% | -4.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.20% | 18.23% | -4.03% |
VGWD.DE vs. VFEM.DE - Expense Ratio Comparison
VGWD.DE has a 0.29% expense ratio, which is higher than VFEM.DE's 0.22% expense ratio.
Dividends
VGWD.DE vs. VFEM.DE - Dividend Comparison
VGWD.DE's dividend yield for the trailing twelve months is around 2.50%, more than VFEM.DE's 2.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VFEM.DE Vanguard FTSE Emerging Markets UCITS ETF Distributing | 2.04% | 2.39% | 2.28% | 2.66% | 3.38% | 2.26% | 1.93% | 2.32% | 2.79% | 0.20% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.50% | 2.84% | 3.05% | 3.40% | 3.78% | 3.02% | 3.08% | 3.21% | 3.70% | 0.58% |
Frequently Asked Questions
VGWD.DE and VFEM.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VFEM.DE is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VFEM.DE is cheaper with a 0.22% expense ratio, compared with 0.29% for VGWD.DE.
VGWD.DE is categorized as Dividend, while VFEM.DE is Emerging Markets Equities. VGWD.DE tracks FTSE All-World High Dividend Yield Index, while VFEM.DE tracks MSCI EM NR USD. Their fees differ too: 0.29% for VGWD.DE and 0.22% for VFEM.DE.
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