VGWE.DE vs. VWCG.DE

Last updated Jun 5, 2026

VGWE.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc) and VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) are both exchange-traded funds - VGWE.DE is a Dividend fund tracking the FTSE All-World High Dividend Yield Index, while VWCG.DE is a Europe Equities fund tracking the FTSE Developed Europe. Both are passively managed. Over the past 5 years, VGWE.DE returned 11.47%/yr vs 9.96%/yr for VWCG.DE. Their correlation of 0.80 suggests significant overlap in exposure. VGWE.DE charges 0.29%/yr vs 0.10%/yr for VWCG.DE.

Performance

VGWE.DE vs. VWCG.DE - 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 Acc (VGWE.DE) and Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGWE.DE achieves a 12.43% return, which is significantly higher than VWCG.DE's 7.34% return.

VGWE.DE

• 1D: 0.23%
• 1M: 2.28%
• YTD: 12.43%
• 6M: 13.64%
• 1Y: 24.97%
• 3Y*: 15.83%
• 5Y*: 11.47%
• 10Y*: —

VWCG.DE

• 1D: 0.57%
• 1M: 1.01%
• YTD: 7.34%
• 6M: 9.93%
• 1Y: 16.18%
• 3Y*: 14.09%
• 5Y*: 9.96%
• 10Y*: —

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

VGWE.DE vs. VWCG.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	12.43%	12.81%	15.59%	7.89%	0.02%	27.83%	6.23%
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating	7.34%	20.45%	8.94%	16.07%	-9.71%	24.74%	9.67%

Correlation

The correlation between VGWE.DE and VWCG.DE is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020	0.80

The correlation between VGWE.DE and VWCG.DE has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.

Return for Risk

VGWE.DE vs. VWCG.DE — Risk / Return Rank

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

VGWE.DE

VGWE.DE Risk / Return Rank: 81
VGWE.DE Sharpe Ratio Rank: 81
VGWE.DE Sortino Ratio Rank: 83
VGWE.DE Omega Ratio Rank: 79
VGWE.DE Calmar Ratio Rank: 80
VGWE.DE Martin Ratio Rank: 81

VWCG.DE

VWCG.DE Risk / Return Rank: 37
VWCG.DE Sharpe Ratio Rank: 36
VWCG.DE Sortino Ratio Rank: 36
VWCG.DE Omega Ratio Rank: 36
VWCG.DE Calmar Ratio Rank: 34
VWCG.DE Martin Ratio Rank: 41

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.

VGWE.DE vs. VWCG.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 Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.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.

	VGWE.DE	VWCG.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.60	1.26	+1.34
Sortino ratio: Return per unit of downside risk	3.65	1.86	+1.79
Omega ratio: Gain probability vs. loss probability	1.47	1.24	+0.23
Calmar ratio: Return relative to maximum drawdown	4.11	1.70	+2.41
Martin ratio: Return relative to average drawdown	15.82	6.40	+9.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGWE.DE vs. VWCG.DE - Sharpe Ratio Comparison

The current VGWE.DE Sharpe Ratio is 2.60, which is higher than the VWCG.DE Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of VGWE.DE and VWCG.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VGWE.DE	VWCG.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	1.26	+1.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	0.69	+0.30
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.64	+0.46

Drawdowns

VGWE.DE vs. VWCG.DE - Drawdown Comparison

The maximum VGWE.DE drawdown since its inception was -16.43%, smaller than the maximum VWCG.DE drawdown of -35.68%. Use the drawdown chart below to compare losses from any high point for VGWE.DE and VWCG.DE.

Drawdown Indicators

	VGWE.DE	VWCG.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.43%	-35.68%	+19.25%
Max Drawdown (1Y) Largest decline over 1 year	-6.00%	-9.58%	+3.58%
Max Drawdown (3Y) Largest decline over 3 years	-16.43%	-16.07%	-0.36%
Max Drawdown (5Y) Largest decline over 5 years	-16.43%	-20.10%	+3.67%
Current Drawdown Current decline from peak	-0.37%	-1.51%	+1.14%
Average Drawdown Average peak-to-trough decline	-2.37%	-5.10%	+2.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.56%	2.55%	-0.99%

Volatility

VGWE.DE vs. VWCG.DE - Volatility Comparison

The current volatility for Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc (VGWE.DE) is 2.38%, while Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) has a volatility of 4.33%. This indicates that VGWE.DE experiences smaller price fluctuations and is considered to be less risky than VWCG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGWE.DE	VWCG.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.38%	4.33%	-1.95%
Volatility (6M) Calculated over the trailing 6-month period	7.18%	10.64%	-3.46%
Volatility (1Y) Calculated over the trailing 1-year period	9.47%	12.91%	-3.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.51%	14.29%	-2.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.23%	17.09%	-4.86%

VGWE.DE vs. VWCG.DE - Expense Ratio Comparison

VGWE.DE has a 0.29% expense ratio, which is higher than VWCG.DE's 0.10% expense ratio.

Dividends

VGWE.DE vs. VWCG.DE - Dividend Comparison

Neither VGWE.DE nor VWCG.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VGWE.DE and VWCG.DE in my portfolio?

VGWE.DE and VWCG.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VGWE.DE or VWCG.DE?

On fees, VWCG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VGWE.DE or VWCG.DE?

VWCG.DE is cheaper with a 0.10% expense ratio, compared with 0.29% for VGWE.DE.

What is the main difference between VGWE.DE and VWCG.DE?

VGWE.DE is categorized as Dividend, while VWCG.DE is Europe Equities. VGWE.DE tracks FTSE All-World High Dividend Yield Index, while VWCG.DE tracks FTSE Developed Europe. Their fees differ too: 0.29% for VGWE.DE and 0.10% for VWCG.DE.