VGWL.DE vs. USDV.L

Last updated Apr 10, 2026

VGWL.DE (Vanguard FTSE All-World UCITS ETF Distributing) and USDV.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both exchange-traded funds — VGWL.DE is a Global Equities fund tracking the FTSE All-World, while USDV.L is a Large Cap Blend Equities fund tracking the S&P High Yield Dividend Aristocrats Index. Both are passively managed. Over the past 5 years, VGWL.DE returned 10.34%/yr vs 7.19%/yr for USDV.L. A 0.63 correlation means they provide meaningful diversification when combined. VGWL.DE charges 0.22%/yr vs 0.35%/yr for USDV.L.

Performance

VGWL.DE vs. USDV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE All-World UCITS ETF Distributing (VGWL.DE) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VGWL.DE is traded in EUR, while USDV.L is traded in GBP. To make them comparable, the USDV.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, VGWL.DE achieves a 1.87% return, which is significantly lower than USDV.L's 6.92% return.

VGWL.DE

• 1D: 0.07%
• 1M: -0.26%
• YTD: 1.87%
• 6M: 3.49%
• 1Y: 34.03%
• 3Y*: 16.02%
• 5Y*: 10.34%
• 10Y*: —

USDV.L

• 1D: 0.88%
• 1M: -1.56%
• YTD: 6.92%
• 6M: 6.30%
• 1Y: 17.43%
• 3Y*: 6.50%
• 5Y*: 7.19%
• 10Y*: 9.10%

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

VGWL.DE vs. USDV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing	1.87%	9.18%	24.40%	18.17%	-13.48%	28.60%	5.38%	30.12%	-6.03%	2.20%
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis	6.92%	-4.13%	14.62%	-1.47%	5.82%	34.99%	-8.00%	27.30%	0.24%	2.35%

Correlation

The correlation between VGWL.DE and USDV.L is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017	0.63

The correlation between VGWL.DE and USDV.L shifts across timeframes, from 0.44 (1 year) to 0.63 (all time), reflecting how their relationship changes across market environments.

VGWL.DE vs. USDV.L - Expense Ratio Comparison

VGWL.DE has a 0.22% expense ratio, which is lower than USDV.L's 0.35% expense ratio.

Return for Risk

VGWL.DE vs. USDV.L — Risk / Return Rank

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

VGWL.DE

VGWL.DE Risk / Return Rank: 75
VGWL.DE Sharpe Ratio Rank: 76
VGWL.DE Sortino Ratio Rank: 80
VGWL.DE Omega Ratio Rank: 76
VGWL.DE Calmar Ratio Rank: 68
VGWL.DE Martin Ratio Rank: 73

USDV.L

USDV.L Risk / Return Rank: 39
USDV.L Sharpe Ratio Rank: 43
USDV.L Sortino Ratio Rank: 47
USDV.L Omega Ratio Rank: 39
USDV.L Calmar Ratio Rank: 35
USDV.L Martin Ratio Rank: 34

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.

VGWL.DE vs. USDV.L - 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 SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L). 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	USDV.L	Difference
Sharpe ratio Return per unit of total volatility	2.60	1.49	+1.10
Sortino ratio Return per unit of downside risk	3.98	2.26	+1.72
Omega ratio Gain probability vs. loss probability	1.51	1.27	+0.24
Calmar ratio Return relative to maximum drawdown	4.21	2.32	+1.89
Martin ratio Return relative to average drawdown	16.72	6.13	+10.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGWL.DE vs. USDV.L - Sharpe Ratio Comparison

The current VGWL.DE Sharpe Ratio is 2.60, which is higher than the USDV.L Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of VGWL.DE and USDV.L, 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

	VGWL.DE	USDV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	1.49	+1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.53	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.80	-0.11

Drawdowns

VGWL.DE vs. USDV.L - Drawdown Comparison

The maximum VGWL.DE drawdown since its inception was -33.40%, roughly equal to the maximum USDV.L drawdown of -35.08%. Use the drawdown chart below to compare losses from any high point for VGWL.DE and USDV.L.

Drawdown Indicators

	VGWL.DE	USDV.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.40%	-27.80%	-5.60%
Max Drawdown (1Y) Largest decline over 1 year	-6.57%	-6.60%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	-21.04%	-16.30%	-4.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.80%	—
Current Drawdown Current decline from peak	-1.82%	-4.20%	+2.38%
Average Drawdown Average peak-to-trough decline	-4.42%	-4.13%	-0.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	2.00%	-0.35%

Volatility

VGWL.DE vs. USDV.L - Volatility Comparison

Vanguard FTSE All-World UCITS ETF Distributing (VGWL.DE) has a higher volatility of 5.17% compared to SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) at 3.07%. This indicates that VGWL.DE's price experiences larger fluctuations and is considered to be riskier than USDV.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGWL.DE	USDV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.17%	3.07%	+2.10%
Volatility (6M) Calculated over the trailing 6-month period	8.89%	6.93%	+1.96%
Volatility (1Y) Calculated over the trailing 1-year period	14.04%	12.18%	+1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.78%	13.48%	+0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.59%	15.84%	-0.25%

Dividends

VGWL.DE vs. USDV.L - Dividend Comparison

VGWL.DE's dividend yield for the trailing twelve months is around 1.37%, less than USDV.L's 2.06% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing	1.37%	1.42%	1.48%	1.73%	2.09%	1.43%	1.56%	1.87%	2.26%	0.37%	0.00%	0.00%
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis	2.06%	2.20%	1.99%	2.29%	2.11%	2.12%	2.57%	2.65%	2.19%	3.07%	1.65%	2.00%