VNRA.DE vs. VGWL.DE
VNRA.DE (Vanguard FTSE North America UCITS ETF (USD) Accumulating) and VGWL.DE (Vanguard FTSE All-World UCITS ETF Distributing) are both exchange-traded funds - VNRA.DE is a Large Cap Blend Equities fund tracking the FTSE North America, while VGWL.DE is a Global Equities fund tracking the FTSE All-World. Both are passively managed. Over the past 5 years, VNRA.DE returned 14.38%/yr vs 12.28%/yr for VGWL.DE. With a 0.96 correlation, they move nearly in lockstep. VNRA.DE charges 0.10%/yr vs 0.22%/yr for VGWL.DE.
Performance
VNRA.DE vs. VGWL.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VNRA.DE achieves a 11.15% return, which is significantly lower than VGWL.DE's 12.63% return.
VNRA.DE
- 1D
- -0.02%
- 1M
- 4.57%
- YTD
- 11.15%
- 6M
- 10.70%
- 1Y
- 25.18%
- 3Y*
- 19.14%
- 5Y*
- 14.38%
- 10Y*
- —
VGWL.DE
- 1D
- -0.24%
- 1M
- 3.64%
- YTD
- 12.63%
- 6M
- 12.78%
- 1Y
- 26.26%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
VNRA.DE vs. VGWL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VNRA.DE Vanguard FTSE North America UCITS ETF (USD) Accumulating | 11.15% | 5.41% | 32.23% | 22.65% | -15.14% | 38.59% | 9.69% | 8.03% |
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing | 12.63% | 9.18% | 24.40% | 18.17% | -13.48% | 28.60% | 5.38% | 7.78% |
Correlation
The correlation between VNRA.DE and VGWL.DE is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.96 |
The correlation between VNRA.DE and VGWL.DE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VNRA.DE vs. VGWL.DE — Risk / Return Rank
VNRA.DE
VGWL.DE
VNRA.DE vs. VGWL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRA.DE) and Vanguard FTSE All-World UCITS ETF Distributing (VGWL.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.
| VNRA.DE | VGWL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.44 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 3.99 | -0.47 |
| Martin ratioReturn relative to average drawdown | 12.55 | 16.38 | -3.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VNRA.DE | VGWL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.32 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.88 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.77 | +0.10 |
Drawdowns
VNRA.DE vs. VGWL.DE - Drawdown Comparison
The maximum VNRA.DE drawdown since its inception was -34.48%, roughly equal to the maximum VGWL.DE drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for VNRA.DE and VGWL.DE.
Loading charts...
Drawdown Indicators
| VNRA.DE | VGWL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.48% | -33.40% | -1.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.14% | -6.57% | -0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -23.30% | -21.04% | -2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -23.30% | -21.04% | -2.26% |
Current DrawdownCurrent decline from peak | -0.35% | -0.64% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -4.34% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.61% | +0.40% |
Volatility
VNRA.DE vs. VGWL.DE - Volatility Comparison
The current volatility for Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRA.DE) is 2.61%, while Vanguard FTSE All-World UCITS ETF Distributing (VGWL.DE) has a volatility of 3.02%. This indicates that VNRA.DE experiences smaller price fluctuations and is considered to be less risky than VGWL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VNRA.DE | VGWL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 3.02% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.47% | 8.13% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.49% | 11.29% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 13.76% | +1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 15.51% | +1.89% |
VNRA.DE vs. VGWL.DE - Expense Ratio Comparison
VNRA.DE has a 0.10% expense ratio, which is lower than VGWL.DE's 0.22% 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
VNRA.DE vs. VGWL.DE - Dividend Comparison
VNRA.DE has not paid dividends to shareholders, while VGWL.DE's dividend yield for the trailing twelve months is around 1.24%.
| 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% |
VNRA.DE Vanguard FTSE North America UCITS ETF (USD) Accumulating | 0.00% | 0.00% | 0.26% | 0.00% | 0.00% | 0.00% | 0.89% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, VNRA.DE and VGWL.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, VNRA.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VNRA.DE is cheaper with a 0.10% expense ratio, compared with 0.22% for VGWL.DE.
VNRA.DE is categorized as Large Cap Blend Equities, while VGWL.DE is Global Equities. VNRA.DE tracks FTSE North America, while VGWL.DE tracks FTSE All-World. Their fees differ too: 0.10% for VNRA.DE and 0.22% for VGWL.DE.
Find the right allocation for VNRA.DE and VGWL.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer