VGWE.DE vs. 5MVL.DE
VGWE.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc) and 5MVL.DE (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) are both exchange-traded funds - VGWE.DE is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while 5MVL.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Select Value Factor Focus. Both are passively managed. Over the past 5 years, VGWE.DE returned 12.01%/yr vs 17.14%/yr for 5MVL.DE. A 0.60 correlation means they provide meaningful diversification when combined. VGWE.DE charges 0.29%/yr vs 0.40%/yr for 5MVL.DE.
Performance
VGWE.DE vs. 5MVL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGWE.DE achieves a 15.22% return, which is significantly lower than 5MVL.DE's 45.16% return.
VGWE.DE
- 1D
- 0.49%
- 1M
- 2.61%
- YTD
- 15.22%
- 6M
- 15.84%
- 1Y
- 29.15%
- 3Y*
- 17.31%
- 5Y*
- 12.01%
- 10Y*
- —
5MVL.DE
- 1D
- 0.92%
- 1M
- 1.98%
- YTD
- 45.16%
- 6M
- 47.98%
- 1Y
- 73.89%
- 3Y*
- 34.16%
- 5Y*
- 17.14%
- 10Y*
- —
VGWE.DE vs. 5MVL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VGWE.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc | 15.22% | 12.81% | 15.59% | 7.89% | 0.02% | 27.81% | 7.83% |
5MVL.DE iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 45.16% | 27.25% | 21.00% | 14.59% | -10.56% | 13.09% | 15.92% |
Correlation
The correlation between VGWE.DE and 5MVL.DE is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.60 |
The correlation between VGWE.DE and 5MVL.DE has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
VGWE.DE vs. 5MVL.DE — Risk / Return Rank
VGWE.DE
5MVL.DE
VGWE.DE vs. 5MVL.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 Acc (VGWE.DE) and iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.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.
| VGWE.DE | 5MVL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.60 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.84 | 7.55 | -2.71 |
| Martin ratioReturn relative to average drawdown | 19.06 | 23.11 | -4.05 |
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Drawdowns
VGWE.DE vs. 5MVL.DE - Drawdown Comparison
The maximum VGWE.DE drawdown since its inception was -16.43%, smaller than the maximum 5MVL.DE drawdown of -32.22%. Use the drawdown chart below to compare losses from any high point for VGWE.DE and 5MVL.DE.
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Drawdown Indicators
| VGWE.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.43% | -32.22% | +15.79% |
Max Drawdown (1Y)Largest decline over 1 year | -6.00% | -9.73% | +3.73% |
Max Drawdown (3Y)Largest decline over 3 years | -16.43% | -19.14% | +2.71% |
Max Drawdown (5Y)Largest decline over 5 years | -16.43% | -20.60% | +4.17% |
Current DrawdownCurrent decline from peak | 0.00% | -4.63% | +4.63% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -6.62% | +4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 3.19% | -1.66% |
Volatility
VGWE.DE vs. 5MVL.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc (VGWE.DE) is 2.12%, while iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.DE) has a volatility of 10.52%. This indicates that VGWE.DE experiences smaller price fluctuations and is considered to be less risky than 5MVL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGWE.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.12% | 10.52% | -8.40% |
Volatility (6M)Calculated over the trailing 6-month period | 7.23% | 18.15% | -10.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.50% | 20.93% | -11.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.52% | 17.27% | -5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.22% | 19.46% | -7.24% |
VGWE.DE vs. 5MVL.DE - Expense Ratio Comparison
VGWE.DE has a 0.29% expense ratio, which is lower than 5MVL.DE's 0.40% expense ratio.
Dividends
VGWE.DE vs. 5MVL.DE - Dividend Comparison
Neither VGWE.DE nor 5MVL.DE has paid dividends to shareholders.
Frequently Asked Questions
VGWE.DE and 5MVL.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGWE.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGWE.DE is cheaper with a 0.29% expense ratio, compared with 0.40% for 5MVL.DE.
VGWE.DE is categorized as Dividend, while 5MVL.DE is Emerging Markets Equities. VGWE.DE tracks FTSE All-World High Dividend Yield Index, while 5MVL.DE tracks MSCI Emerging Markets Select Value Factor Focus. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.29% for VGWE.DE and 0.40% for 5MVL.DE.
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