VGWL.DE vs. XG12.DE

Last updated Jun 5, 2026

VGWL.DE (Vanguard FTSE All-World UCITS ETF Distributing) and XG12.DE (Xtrackers MSCI Global SDG 12 Circular Economy UCITS ETF 1C) are both Global Equities funds - VGWL.DE tracks the FTSE All-World while XG12.DE tracks the MSCI ACWI IMI SDG 12 Responsible Consumption and Production Select. Both are passively managed. Over the past 3 years, VGWL.DE returned 17.85%/yr vs 12.73%/yr for XG12.DE. A 0.77 correlation means they provide meaningful diversification when combined. VGWL.DE charges 0.22%/yr vs 0.35%/yr for XG12.DE.

Performance

VGWL.DE vs. XG12.DE - 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 Xtrackers MSCI Global SDG 12 Circular Economy UCITS ETF 1C (XG12.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VGWL.DE achieves a 12.63% return, which is significantly lower than XG12.DE's 39.92% 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*: —

XG12.DE

• 1D: -0.39%
• 1M: 8.41%
• YTD: 39.92%
• 6M: 37.25%
• 1Y: 53.56%
• 3Y*: 12.73%
• 5Y*: —
• 10Y*: —

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

VGWL.DE vs. XG12.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing	12.63%	9.18%	24.40%	18.17%	-4.78%
XG12.DE Xtrackers MSCI Global SDG 12 Circular Economy UCITS ETF 1C	39.92%	8.69%	-4.44%	-8.34%	-5.33%

Correlation

The correlation between VGWL.DE and XG12.DE is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (All Time) Calculated using the full available price history since Dec 14, 2022	0.77

The correlation between VGWL.DE and XG12.DE has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.

Return for Risk

VGWL.DE vs. XG12.DE — 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: 76
VGWL.DE Sharpe Ratio Rank: 72
VGWL.DE Sortino Ratio Rank: 73
VGWL.DE Omega Ratio Rank: 75
VGWL.DE Calmar Ratio Rank: 79
VGWL.DE Martin Ratio Rank: 82

XG12.DE

XG12.DE Risk / Return Rank: 93
XG12.DE Sharpe Ratio Rank: 93
XG12.DE Sortino Ratio Rank: 93
XG12.DE Omega Ratio Rank: 91
XG12.DE Calmar Ratio Rank: 95
XG12.DE Martin Ratio Rank: 93

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. XG12.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 Xtrackers MSCI Global SDG 12 Circular Economy UCITS ETF 1C (XG12.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	XG12.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.32	3.33	-1.01
Sortino ratio: Return per unit of downside risk	3.25	4.57	-1.32
Omega ratio: Gain probability vs. loss probability	1.44	1.59	-0.15
Calmar ratio: Return relative to maximum drawdown	3.99	7.95	-3.96
Martin ratio: Return relative to average drawdown	16.38	25.46	-9.08
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. XG12.DE - Sharpe Ratio Comparison

The current VGWL.DE Sharpe Ratio is 2.32, which is lower than the XG12.DE Sharpe Ratio of 3.33. The chart below compares the historical Sharpe Ratios of VGWL.DE and XG12.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

	VGWL.DE	XG12.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	3.33	-1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.39	+0.37

Drawdowns

VGWL.DE vs. XG12.DE - Drawdown Comparison

The maximum VGWL.DE drawdown since its inception was -33.40%, roughly equal to the maximum XG12.DE drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for VGWL.DE and XG12.DE.

Drawdown Indicators

	VGWL.DE	XG12.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.40%	-32.01%	-1.39%
Max Drawdown (1Y) Largest decline over 1 year	-6.57%	-6.77%	+0.20%
Max Drawdown (3Y) Largest decline over 3 years	-21.04%	-24.98%	+3.94%
Max Drawdown (5Y) Largest decline over 5 years	-21.04%	—	—
Current Drawdown Current decline from peak	-0.64%	-1.67%	+1.03%
Average Drawdown Average peak-to-trough decline	-4.34%	-14.28%	+9.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.61%	2.12%	-0.51%

Volatility

VGWL.DE vs. XG12.DE - Volatility Comparison

The current volatility for Vanguard FTSE All-World UCITS ETF Distributing (VGWL.DE) is 3.02%, while Xtrackers MSCI Global SDG 12 Circular Economy UCITS ETF 1C (XG12.DE) has a volatility of 6.86%. This indicates that VGWL.DE experiences smaller price fluctuations and is considered to be less risky than XG12.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGWL.DE	XG12.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	6.86%	-3.84%
Volatility (6M) Calculated over the trailing 6-month period	8.13%	12.62%	-4.49%
Volatility (1Y) Calculated over the trailing 1-year period	11.29%	16.18%	-4.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.76%	17.44%	-3.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.51%	17.44%	-1.93%

VGWL.DE vs. XG12.DE - Expense Ratio Comparison

VGWL.DE has a 0.22% expense ratio, which is lower than XG12.DE's 0.35% expense ratio.

Dividends

VGWL.DE vs. XG12.DE - Dividend Comparison

VGWL.DE's dividend yield for the trailing twelve months is around 1.24%, while XG12.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
XG12.DE Xtrackers MSCI Global SDG 12 Circular Economy UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VGWL.DE and XG12.DE in my portfolio?

VGWL.DE and XG12.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VGWL.DE or XG12.DE?

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.

Which ETF is cheaper, VGWL.DE or XG12.DE?

VGWL.DE is cheaper with a 0.22% expense ratio, compared with 0.35% for XG12.DE.

What is the main difference between VGWL.DE and XG12.DE?

VGWL.DE tracks FTSE All-World, while XG12.DE tracks MSCI ACWI IMI SDG 12 Responsible Consumption and Production Select. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.22% for VGWL.DE and 0.35% for XG12.DE.