VOO vs. VGWD.DE

Last updated Jun 16, 2026

VOO (Vanguard S&P 500 ETF) and VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - VOO is a S&P 500 fund tracking the S&P 500 Index, while VGWD.DE is a Dividend fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, VOO returned 13.93%/yr vs 11.01%/yr for VGWD.DE. A 0.55 correlation means they provide meaningful diversification when combined. VOO charges 0.03%/yr vs 0.29%/yr for VGWD.DE.

Performance

VOO vs. VGWD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 ETF (VOO) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VOO is traded in USD, while VGWD.DE is traded in EUR. To make them comparable, the VGWD.DE values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VOO achieves a 10.99% return, which is significantly lower than VGWD.DE's 12.58% return.

VOO

• 1D: 1.74%
• 1M: 2.12%
• YTD: 10.99%
• 6M: 11.51%
• 1Y: 27.95%
• 3Y*: 21.25%
• 5Y*: 13.93%
• 10Y*: 15.72%

VGWD.DE

• 1D: 0.31%
• 1M: 3.62%
• YTD: 12.58%
• 6M: 13.64%
• 1Y: 27.75%
• 3Y*: 18.17%
• 5Y*: 11.01%
• 10Y*: —

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

VOO vs. VGWD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOO Vanguard S&P 500 ETF	10.99%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	5.11%
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	12.58%	27.76%	9.13%	10.68%	-5.43%	17.81%	-0.77%	22.39%	-12.36%	4.33%

Correlation

The correlation between VOO and VGWD.DE is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017	0.55

The correlation between VOO and VGWD.DE shifts across timeframes, from 0.48 (3 years) to 0.59 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VOO vs. VGWD.DE — Risk / Return Rank

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

VOO

VOO Risk / Return Rank: 78
VOO Sharpe Ratio Rank: 80
VOO Sortino Ratio Rank: 78
VOO Omega Ratio Rank: 79
VOO Calmar Ratio Rank: 69
VOO Martin Ratio Rank: 81

VGWD.DE

VGWD.DE Risk / Return Rank: 91
VGWD.DE Sharpe Ratio Rank: 92
VGWD.DE Sortino Ratio Rank: 92
VGWD.DE Omega Ratio Rank: 91
VGWD.DE Calmar Ratio Rank: 88
VGWD.DE Martin Ratio Rank: 89

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.

VOO vs. VGWD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VOO	VGWD.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.28	2.60	-0.32
Sortino ratio: Return per unit of downside risk	3.07	3.64	-0.57
Omega ratio: Gain probability vs. loss probability	1.42	1.47	-0.05
Calmar ratio: Return relative to maximum drawdown	3.15	3.58	-0.43
Martin ratio: Return relative to average drawdown	14.25	12.74	+1.51

VOO vs. VGWD.DE - Sharpe Ratio Comparison

The current VOO Sharpe Ratio is 2.28, which is comparable to the VGWD.DE Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of VOO and VGWD.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.

Drawdowns

VOO vs. VGWD.DE - Drawdown Comparison

The maximum VOO drawdown since its inception was -33.99%, smaller than the maximum VGWD.DE drawdown of -36.70%. Use the drawdown chart below to compare losses from any high point for VOO and VGWD.DE.

Drawdown Indicators

	VOO	VGWD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.99%	-36.70%	+2.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.90%	-7.72%	-1.18%
Max Drawdown (3Y) Largest decline over 3 years	-18.69%	-13.67%	-5.02%
Max Drawdown (5Y) Largest decline over 5 years	-24.52%	-20.94%	-3.58%
Max Drawdown (10Y) Largest decline over 10 years	-33.99%	—	—
Current Drawdown Current decline from peak	-0.63%	0.00%	-0.63%
Average Drawdown Average peak-to-trough decline	-3.68%	-5.83%	+2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	2.17%	-0.20%

Volatility

VOO vs. VGWD.DE - Volatility Comparison

Vanguard S&P 500 ETF (VOO) has a higher volatility of 4.61% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) at 2.72%. This indicates that VOO's price experiences larger fluctuations and is considered to be riskier than VGWD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOO	VGWD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.61%	2.72%	+1.89%
Volatility (6M) Calculated over the trailing 6-month period	9.72%	8.47%	+1.25%
Volatility (1Y) Calculated over the trailing 1-year period	12.34%	10.66%	+1.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.90%	13.36%	+3.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.05%	15.34%	+2.71%

VOO vs. VGWD.DE - Expense Ratio Comparison

VOO has a 0.03% expense ratio, which is lower than VGWD.DE's 0.29% expense ratio.

Dividends

VOO vs. VGWD.DE - Dividend Comparison

VOO's dividend yield for the trailing twelve months is around 1.03%, less than VGWD.DE's 2.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	2.45%	2.84%	3.05%	3.40%	3.78%	3.02%	3.08%	3.21%	3.70%	0.58%	0.00%	0.00%
VOO Vanguard S&P 500 ETF	1.03%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both VOO and VGWD.DE in my portfolio?

VOO and VGWD.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VOO or VGWD.DE?

On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VOO or VGWD.DE?

VOO is cheaper with a 0.03% expense ratio, compared with 0.29% for VGWD.DE.

What is the main difference between VOO and VGWD.DE?

VOO is categorized as S&P 500, while VGWD.DE is Dividend. VOO tracks S&P 500 Index, while VGWD.DE tracks FTSE All-World High Dividend Yield Index. Their fees differ too: 0.03% for VOO and 0.29% for VGWD.DE.