VGWD.DE vs. VOO

Last updated Jun 16, 2026

VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - VGWD.DE is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, VGWD.DE returned 11.77%/yr vs 14.36%/yr for VOO. A 0.50 correlation means they provide meaningful diversification when combined. VGWD.DE charges 0.29%/yr vs 0.03%/yr for VOO.

Performance

VGWD.DE vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VGWD.DE is traded in EUR, while VOO is traded in USD. To make them comparable, the VOO values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, VGWD.DE achieves a 14.09% return, which is significantly higher than VOO's 10.76% return.

VGWD.DE

• 1D: 0.09%
• 1M: 3.91%
• YTD: 14.09%
• 6M: 15.22%
• 1Y: 27.30%
• 3Y*: 15.91%
• 5Y*: 11.77%
• 10Y*: —

VOO

• 1D: 0.00%
• 1M: 0.88%
• YTD: 10.76%
• 6M: 11.35%
• 1Y: 25.57%
• 3Y*: 18.32%
• 5Y*: 14.36%
• 10Y*: 15.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VGWD.DE vs. VOO - 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	14.09%	13.16%	15.75%	7.29%	0.08%	27.89%	-9.60%	25.03%	-8.03%	1.24%
VOO Vanguard S&P 500 ETF	12.45%	3.84%	33.23%	22.54%	-13.10%	38.43%	8.57%	34.33%	-0.02%	3.48%

Correlation

The correlation between VGWD.DE and VOO is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017	0.50

The correlation between VGWD.DE and VOO has been stable across timeframes, ranging from 0.43 to 0.51 - a consistent structural relationship.

Return for Risk

VGWD.DE vs. VOO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VGWD.DE

VGWD.DE Risk / Return Rank: 91
VGWD.DE Sharpe Ratio Rank: 92
VGWD.DE Sortino Ratio Rank: 92
VGWD.DE Omega Ratio Rank: 91
VGWD.DE Calmar Ratio Rank: 88
VGWD.DE Martin Ratio Rank: 89

VOO

VOO Risk / Return Rank: 78
VOO Sharpe Ratio Rank: 80
VOO Sortino Ratio Rank: 78
VOO Omega Ratio Rank: 79
VOO Calmar Ratio Rank: 69
VOO Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VGWD.DE vs. VOO - 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 S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.90	2.08	+0.82
Sortino ratio: Return per unit of downside risk	4.05	2.67	+1.38
Omega ratio: Gain probability vs. loss probability	1.54	1.39	+0.15
Calmar ratio: Return relative to maximum drawdown	4.67	3.48	+1.19
Martin ratio: Return relative to average drawdown	18.26	13.07	+5.19

VGWD.DE vs. VOO - Sharpe Ratio Comparison

The current VGWD.DE Sharpe Ratio is 2.90, which is higher than the VOO Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of VGWD.DE and VOO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VGWD.DE vs. VOO - Drawdown Comparison

The maximum VGWD.DE drawdown since its inception was -34.57%, roughly equal to the maximum VOO drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for VGWD.DE and VOO.

Drawdown Indicators

	VGWD.DE	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-34.57%	-33.49%	-1.08%
Max Drawdown (1Y) Largest decline over 1 year	-5.82%	-7.37%	+1.55%
Max Drawdown (3Y) Largest decline over 3 years	-16.86%	-23.87%	+7.01%
Max Drawdown (5Y) Largest decline over 5 years	-16.86%	-23.87%	+7.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.49%	—
Current Drawdown Current decline from peak	0.00%	-1.81%	+1.81%
Average Drawdown Average peak-to-trough decline	-4.04%	-4.03%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	1.96%	-0.47%

Volatility

VGWD.DE vs. VOO - Volatility Comparison

The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) is 2.35%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.36%. This indicates that VGWD.DE experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGWD.DE	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	3.36%	-1.01%
Volatility (6M) Calculated over the trailing 6-month period	7.20%	9.01%	-1.81%
Volatility (1Y) Calculated over the trailing 1-year period	9.39%	12.37%	-2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.55%	16.74%	-5.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.22%	18.55%	-4.33%

VGWD.DE vs. VOO - Expense Ratio Comparison

VGWD.DE has a 0.29% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

VGWD.DE vs. VOO - Dividend Comparison

VGWD.DE's dividend yield for the trailing twelve months is around 2.45%, more than VOO's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	2.45%	2.84%	3.05%	3.40%	3.78%	3.02%	3.08%	3.21%	3.70%	0.58%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.03%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both VGWD.DE and VOO in my portfolio?

VGWD.DE and VOO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VGWD.DE or VOO?

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VGWD.DE or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.29% for VGWD.DE.

What is the main difference between VGWD.DE and VOO?

VGWD.DE is categorized as Dividend, while VOO is S&P 500. VGWD.DE tracks FTSE All-World High Dividend Yield Index, while VOO tracks S&P 500 Index. Their fees differ too: 0.29% for VGWD.DE and 0.03% for VOO.