VGWL.DE vs. UETW.DE
VGWL.DE (Vanguard FTSE All-World UCITS ETF Distributing) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - VGWL.DE tracks the FTSE All-World while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, VGWL.DE returned 11.41%/yr vs 12.06%/yr for UETW.DE. With a 0.98 correlation, they move nearly in lockstep. VGWL.DE charges 0.22%/yr vs 0.10%/yr for UETW.DE.
Performance
VGWL.DE vs. UETW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGWL.DE achieves a 12.46% return, which is significantly higher than UETW.DE's 11.82% return.
VGWL.DE
- 1D
- -1.19%
- 1M
- -0.67%
- 6M
- 8.99%
- YTD
- 12.46%
- 1Y
- 22.90%
- 3Y*
- 17.59%
- 5Y*
- 11.41%
- 10Y*
- —
UETW.DE
- 1D
- -1.09%
- 1M
- 0.52%
- 6M
- 8.75%
- YTD
- 11.82%
- 1Y
- 21.95%
- 3Y*
- 17.67%
- 5Y*
- 12.06%
- 10Y*
- —
VGWL.DE vs. UETW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing | 12.46% | 9.18% | 24.40% | 18.17% | -13.48% | 28.60% | 5.38% | 14.60% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 11.82% | 8.05% | 26.48% | 19.71% | -13.72% | 32.19% | 5.49% | 0.11% |
Correlation
The correlation between VGWL.DE and UETW.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2019 | 0.98 |
The correlation between VGWL.DE and UETW.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
VGWL.DE vs. UETW.DE — Risk / Return Rank
VGWL.DE
UETW.DE
VGWL.DE vs. UETW.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 UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.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.
| VGWL.DE | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 3.28 | +0.19 |
| Martin ratioReturn relative to average drawdown | 14.01 | 12.82 | +1.19 |
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Drawdowns
VGWL.DE vs. UETW.DE - Drawdown Comparison
The maximum VGWL.DE drawdown since its inception was -33.40%, roughly equal to the maximum UETW.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for VGWL.DE and UETW.DE.
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Drawdown Indicators
| VGWL.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.40% | -33.74% | +0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -6.67% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -21.04% | -21.32% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | -21.32% | +0.28% |
Current DrawdownCurrent decline from peak | -1.87% | -1.17% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -4.97% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.71% | -0.08% |
Volatility
VGWL.DE vs. UETW.DE - Volatility Comparison
Vanguard FTSE All-World UCITS ETF Distributing (VGWL.DE) has a higher volatility of 3.16% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.64%. This indicates that VGWL.DE's price experiences larger fluctuations and is considered to be riskier than UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 2.64% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 8.65% | 7.83% | +0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 11.17% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.81% | 14.06% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.46% | 16.55% | -1.09% |
VGWL.DE vs. UETW.DE - Expense Ratio Comparison
VGWL.DE has a 0.22% expense ratio, which is higher than UETW.DE's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VGWL.DE vs. UETW.DE - Dividend Comparison
VGWL.DE's dividend yield for the trailing twelve months is around 1.27%, while UETW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) 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 | 1.27% | 1.42% | 1.48% | 1.73% | 2.09% | 1.43% | 1.56% | 1.87% | 2.26% | 0.37% |
Frequently Asked Questions
With a correlation of 0.96, VGWL.DE and UETW.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, UETW.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.22% for VGWL.DE.
VGWL.DE tracks FTSE All-World, while UETW.DE tracks MSCI World. They also come from different issuers: Vanguard and UBS. Their fees differ too: 0.22% for VGWL.DE and 0.10% for UETW.DE.
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