VHGEX vs. PSWD.DE
Compare and contrast key facts about Vanguard Global Equity Fund (VHGEX) and Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE).
VHGEX is managed by Vanguard. It was launched on Aug 14, 1995. PSWD.DE is a passively managed fund by Invesco that tracks the performance of the FTSE RAFI All-World 3000. It was launched on Dec 3, 2007.
Performance
VHGEX vs. PSWD.DE - Performance Comparison
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VHGEX vs. PSWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VHGEX Vanguard Global Equity Fund | -5.64% | 21.22% | 13.41% | 23.52% | -22.72% | 13.06% | 22.38% | 28.73% | -9.15% | 27.80% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 3.21% | 29.42% | 10.95% | 16.29% | -8.94% | 21.49% | 5.49% | 23.65% | -13.85% | 20.54% |
Different Trading Currencies
VHGEX is traded in USD, while PSWD.DE is traded in EUR. To make them comparable, the PSWD.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VHGEX achieves a -5.64% return, which is significantly lower than PSWD.DE's 3.21% return. Over the past 10 years, VHGEX has underperformed PSWD.DE with an annualized return of 10.60%, while PSWD.DE has yielded a comparatively higher 11.35% annualized return.
VHGEX
- 1D
- 3.46%
- 1M
- -5.88%
- YTD
- -5.64%
- 6M
- -4.28%
- 1Y
- 17.22%
- 3Y*
- 13.60%
- 5Y*
- 5.58%
- 10Y*
- 10.60%
PSWD.DE
- 1D
- 2.11%
- 1M
- -4.00%
- YTD
- 3.21%
- 6M
- 9.10%
- 1Y
- 26.21%
- 3Y*
- 18.51%
- 5Y*
- 11.39%
- 10Y*
- 11.35%
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VHGEX vs. PSWD.DE - Expense Ratio Comparison
VHGEX has a 0.45% expense ratio, which is higher than PSWD.DE's 0.39% expense ratio.
Return for Risk
VHGEX vs. PSWD.DE — Risk / Return Rank
VHGEX
PSWD.DE
VHGEX vs. PSWD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Equity Fund (VHGEX) and Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.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.
| VHGEX | PSWD.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 1.66 | -0.75 |
Sortino ratioReturn per unit of downside risk | 1.40 | 2.17 | -0.77 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.35 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 2.43 | -1.02 |
Martin ratioReturn relative to average drawdown | 5.12 | 11.42 | -6.30 |
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
| VHGEX | PSWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.66 | -0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.75 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.70 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.54 | -0.03 |
Correlation
The correlation between VHGEX and PSWD.DE is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VHGEX vs. PSWD.DE - Dividend Comparison
VHGEX's dividend yield for the trailing twelve months is around 13.12%, more than PSWD.DE's 1.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHGEX Vanguard Global Equity Fund | 13.12% | 12.38% | 4.24% | 1.15% | 11.32% | 10.90% | 2.88% | 6.20% | 8.45% | 1.29% | 1.51% | 1.71% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 1.95% | 2.03% | 2.27% | 2.48% | 2.66% | 1.92% | 1.98% | 2.37% | 2.56% | 2.06% | 1.97% | 2.02% |
Drawdowns
VHGEX vs. PSWD.DE - Drawdown Comparison
The maximum VHGEX drawdown since its inception was -64.81%, which is greater than PSWD.DE's maximum drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for VHGEX and PSWD.DE.
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Drawdown Indicators
| VHGEX | PSWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.81% | -36.39% | -28.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.10% | -13.81% | +1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -33.02% | -18.19% | -14.83% |
Max Drawdown (10Y)Largest decline over 10 years | -33.23% | -36.39% | +3.16% |
Current DrawdownCurrent decline from peak | -8.87% | -3.51% | -5.36% |
Average DrawdownAverage peak-to-trough decline | -10.00% | -4.71% | -5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 1.97% | +1.36% |
Volatility
VHGEX vs. PSWD.DE - Volatility Comparison
Vanguard Global Equity Fund (VHGEX) has a higher volatility of 6.96% compared to Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) at 4.98%. This indicates that VHGEX's price experiences larger fluctuations and is considered to be riskier than PSWD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VHGEX | PSWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 4.98% | +1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | 8.87% | +2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.45% | 15.74% | +3.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.25% | 14.97% | +3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 16.40% | +1.60% |