VGWL.DE vs. MVEW.DE
VGWL.DE (Vanguard FTSE All-World UCITS ETF Distributing) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds - VGWL.DE tracks the FTSE All-World while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, VGWL.DE returned 12.28%/yr vs 6.47%/yr for MVEW.DE. A 0.73 correlation means they provide meaningful diversification when combined. VGWL.DE charges 0.22%/yr vs 0.30%/yr for MVEW.DE.
Performance
VGWL.DE vs. MVEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGWL.DE achieves a 12.63% return, which is significantly higher than MVEW.DE's 1.17% return.
VGWL.DE
- 1D
- -0.24%
- 1M
- 3.64%
- YTD
- 12.63%
- 6M
- 12.78%
- 1Y
- 26.26%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
MVEW.DE
- 1D
- 0.07%
- 1M
- 2.04%
- YTD
- 1.17%
- 6M
- 1.03%
- 1Y
- 0.94%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
VGWL.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing | 12.63% | 9.18% | 24.40% | 18.17% | -13.48% | 28.60% | 21.28% |
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 VGWL.DE and MVEW.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.73 |
Over the past year, the correlation between VGWL.DE and MVEW.DE has dropped to 0.39 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
VGWL.DE vs. MVEW.DE — Risk / Return Rank
VGWL.DE
MVEW.DE
VGWL.DE vs. MVEW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF Distributing (VGWL.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.
| VGWL.DE | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +3.12 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.02 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 0.10 | +3.90 |
| Martin ratioReturn relative to average drawdown | 16.38 | 0.20 | +16.18 |
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
| VGWL.DE | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 0.06 | +2.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.62 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.63 | +0.14 |
Drawdowns
VGWL.DE vs. MVEW.DE - Drawdown Comparison
The maximum VGWL.DE drawdown since its inception was -33.40%, 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 VGWL.DE and MVEW.DE.
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Drawdown Indicators
| VGWL.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.40% | -13.19% | -20.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -4.68% | -1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -21.04% | -13.19% | -7.85% |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | -13.19% | -7.85% |
Current DrawdownCurrent decline from peak | -0.64% | -5.75% | +5.11% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -3.83% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.27% | -0.66% |
Volatility
VGWL.DE vs. MVEW.DE - Volatility Comparison
Vanguard FTSE All-World UCITS ETF Distributing (VGWL.DE) has a higher volatility of 3.02% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) at 2.58%. This indicates that VGWL.DE's price experiences larger fluctuations and is considered to be riskier 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
| VGWL.DE | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | 2.58% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 8.13% | 5.42% | +2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 7.97% | +3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.76% | 10.25% | +3.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 10.82% | +4.69% |
VGWL.DE vs. MVEW.DE - Expense Ratio Comparison
VGWL.DE has a 0.22% expense ratio, which is lower than MVEW.DE's 0.30% expense ratio.
Dividends
VGWL.DE vs. MVEW.DE - Dividend Comparison
VGWL.DE's dividend yield for the trailing twelve months is around 1.24%, 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% |
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing | 1.24% | 1.42% | 1.48% | 1.73% | 2.09% | 1.43% | 1.56% | 1.87% | 2.26% | 0.37% |
Frequently Asked Questions
VGWL.DE and MVEW.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGWL.DE is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGWL.DE is cheaper with a 0.22% expense ratio, compared with 0.30% for MVEW.DE.
VGWL.DE tracks FTSE All-World, while MVEW.DE tracks MSCI ACWI NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.22% for VGWL.DE and 0.30% for MVEW.DE.
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