VGWL.DE vs. V3AA.DE
VGWL.DE (Vanguard FTSE All-World UCITS ETF Distributing) and V3AA.DE (Vanguard ESG Global All Cap UCITS ETF (USD) Acc) are both Global Equities funds from Vanguard - VGWL.DE tracks the FTSE All-World while V3AA.DE tracks the FTSE Global All Cap Choice Index. Both are passively managed. Over the past 5 years, VGWL.DE returned 12.28%/yr vs 11.33%/yr for V3AA.DE. With a 0.98 correlation, they move nearly in lockstep. VGWL.DE charges 0.22%/yr vs 0.24%/yr for V3AA.DE.
Performance
VGWL.DE vs. V3AA.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VGWL.DE having a 12.63% return and V3AA.DE slightly higher at 12.77%.
VGWL.DE
- 1D
- -0.24%
- 1M
- 3.64%
- YTD
- 12.63%
- 6M
- 12.78%
- 1Y
- 26.26%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
V3AA.DE
- 1D
- -0.11%
- 1M
- 4.35%
- YTD
- 12.77%
- 6M
- 13.07%
- 1Y
- 26.49%
- 3Y*
- 17.62%
- 5Y*
- 11.33%
- 10Y*
- —
VGWL.DE vs. V3AA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing | 12.63% | 9.18% | 24.40% | 18.17% | -13.48% | 19.63% |
V3AA.DE Vanguard ESG Global All Cap UCITS ETF (USD) Acc | 12.77% | 7.60% | 24.41% | 20.63% | -18.04% | 20.19% |
Correlation
The correlation between VGWL.DE and V3AA.DE is 0.97 - 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 | 0.97 |
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 Mar 26, 2021 | 0.98 |
The correlation between VGWL.DE and V3AA.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
VGWL.DE vs. V3AA.DE — Risk / Return Rank
VGWL.DE
V3AA.DE
VGWL.DE vs. V3AA.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 Vanguard ESG Global All Cap UCITS ETF (USD) Acc (V3AA.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 | V3AA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.40 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 3.30 | +0.69 |
| Martin ratioReturn relative to average drawdown | 16.38 | 13.32 | +3.06 |
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 | V3AA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 2.17 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.78 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.82 | -0.05 |
Drawdowns
VGWL.DE vs. V3AA.DE - Drawdown Comparison
The maximum VGWL.DE drawdown since its inception was -33.40%, which is greater than V3AA.DE's maximum drawdown of -22.30%. Use the drawdown chart below to compare losses from any high point for VGWL.DE and V3AA.DE.
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Drawdown Indicators
| VGWL.DE | V3AA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.40% | -22.30% | -11.10% |
Max Drawdown (1Y)Largest decline over 1 year | -6.57% | -8.16% | +1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -21.04% | -22.30% | +1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -21.04% | -22.30% | +1.26% |
Current DrawdownCurrent decline from peak | -0.64% | -0.75% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -5.91% | +1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.03% | -0.42% |
Volatility
VGWL.DE vs. V3AA.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF Distributing (VGWL.DE) is 3.02%, while Vanguard ESG Global All Cap UCITS ETF (USD) Acc (V3AA.DE) has a volatility of 3.38%. This indicates that VGWL.DE experiences smaller price fluctuations and is considered to be less risky than V3AA.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 | V3AA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.02% | 3.38% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.13% | 9.13% | -1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 12.42% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.76% | 14.42% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 14.33% | +1.18% |
VGWL.DE vs. V3AA.DE - Expense Ratio Comparison
VGWL.DE has a 0.22% expense ratio, which is lower than V3AA.DE's 0.24% expense ratio. Despite the difference, 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. V3AA.DE - Dividend Comparison
VGWL.DE's dividend yield for the trailing twelve months is around 1.24%, while V3AA.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
V3AA.DE Vanguard ESG Global All Cap 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 | 1.24% | 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 0.97, VGWL.DE and V3AA.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, 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 0.24% for V3AA.DE.
VGWL.DE tracks FTSE All-World, while V3AA.DE tracks FTSE Global All Cap Choice Index. Their fees differ too: 0.22% for VGWL.DE and 0.24% for V3AA.DE.
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