VOW3.DE vs. RACE

Last updated Jul 21, 2026

VOW3.DE (Volkswagen AG) and RACE (Ferrari N.V.) are both stocks. Both operate in the Auto Manufacturers industry within the Consumer Cyclical sector. Over the past 10 years, VOW3.DE returned 1.03%/yr vs 24.79%/yr for RACE. At a 0.31 correlation, their price movements are largely independent.

Performance

VOW3.DE vs. RACE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Volkswagen AG (VOW3.DE) and Ferrari N.V. (RACE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VOW3.DE is traded in EUR, while RACE is traded in USD. To make them comparable, the RACE values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, VOW3.DE achieves a -25.27% return, which is significantly lower than RACE's 5.85% return. Over the past 10 years, VOW3.DE has underperformed RACE with an annualized return of 1.03%, while RACE has yielded a comparatively higher 24.79% annualized return.

VOW3.DE

• 1D: -0.79%
• 1M: -9.82%
• 6M: -21.52%
• YTD: -25.27%
• 1Y: -14.33%
• 3Y*: -10.63%
• 5Y*: -10.57%
• 10Y*: 1.03%
• ALL TIME*: 6.00%

RACE

• 1D: -1.21%
• 1M: 3.02%
• 6M: 11.89%
• YTD: 5.85%
• 1Y: -23.42%
• 3Y*: 6.00%
• 5Y*: 14.64%
• 10Y*: 24.79%
• ALL TIME*: 19.60%

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

VOW3.DE vs. RACE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VOW3.DE Volkswagen AG	-25.27%	23.96%	-13.90%	3.17%	-19.61%	19.22%	-10.34%	31.14%	-14.62%	26.63%
RACE Ferrari N.V.	5.85%	-22.13%	34.68%	54.35%	-11.51%	21.80%	28.20%	71.66%	0.01%	59.59%

Correlation

The correlation between VOW3.DE and RACE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Oct 21, 2015	0.31

Return for Risk

VOW3.DE vs. RACE — Risk / Return Rank

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

VOW3.DE

VOW3.DE Risk / Return Rank: 24
VOW3.DE Sharpe Ratio Rank: 23
VOW3.DE Sortino Ratio Rank: 21
VOW3.DE Omega Ratio Rank: 22
VOW3.DE Calmar Ratio Rank: 29
VOW3.DE Martin Ratio Rank: 22

RACE

RACE Risk / Return Rank: 19
RACE Sharpe Ratio Rank: 15
RACE Sortino Ratio Rank: 17
RACE Omega Ratio Rank: 17
RACE Calmar Ratio Rank: 21
RACE Martin Ratio Rank: 26

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.

VOW3.DE vs. RACE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volkswagen AG (VOW3.DE) and Ferrari N.V. (RACE). 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.

	VOW3.DE	RACE	Difference
Sharpe ratio: Return per unit of total volatility	-0.50	-0.66	+0.17
Sortino ratio: Return per unit of downside risk	-0.56	-0.74	+0.18
Omega ratio: Gain probability vs. loss probability	0.94	0.90	+0.03
Calmar ratio: Return relative to maximum drawdown	-0.46	-0.61	+0.15
Martin ratio: Return relative to average drawdown	-1.03	-0.91	-0.12

VOW3.DE vs. RACE - Sharpe Ratio Comparison

The current VOW3.DE Sharpe Ratio is -0.50, which is comparable to the RACE Sharpe Ratio of -0.66. The chart below compares the historical Sharpe Ratios of VOW3.DE and RACE, 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

VOW3.DE vs. RACE - Drawdown Comparison

The maximum VOW3.DE drawdown since its inception was -77.22%, which is greater than RACE's maximum drawdown of -46.58%. Use the drawdown chart below to compare losses from any high point for VOW3.DE and RACE.

Drawdown Indicators

	VOW3.DE	RACE	Difference
Max Drawdown Largest peak-to-trough decline	-77.22%	-46.58%	-30.64%
Max Drawdown (1Y) Largest decline over 1 year	-31.02%	-38.33%	+7.31%
Max Drawdown (3Y) Largest decline over 3 years	-33.10%	-42.92%	+9.82%
Max Drawdown (5Y) Largest decline over 5 years	-45.74%	-42.92%	-2.82%
Max Drawdown (10Y) Largest decline over 10 years	-53.00%	-42.92%	-10.08%
Current Drawdown Current decline from peak	-51.25%	-30.11%	-21.14%
Average Drawdown Average peak-to-trough decline	-30.20%	-11.35%	-18.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.86%	25.85%	-11.99%

Volatility

VOW3.DE vs. RACE - Volatility Comparison

Volkswagen AG (VOW3.DE) has a higher volatility of 10.92% compared to Ferrari N.V. (RACE) at 8.78%. This indicates that VOW3.DE's price experiences larger fluctuations and is considered to be riskier than RACE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VOW3.DE	RACE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.92%	8.78%	+2.14%
Volatility (6M) Calculated over the trailing 6-month period	22.50%	24.97%	-2.47%
Volatility (1Y) Calculated over the trailing 1-year period	28.89%	35.66%	-6.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.16%	28.51%	+0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.52%	28.90%	+2.62%

Dividends

VOW3.DE vs. RACE - Dividend Comparison

VOW3.DE's dividend yield for the trailing twelve months is around 7.25%, more than RACE's 2.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RACE Ferrari N.V.	2.29%	1.85%	0.61%	0.59%	0.69%	0.40%	0.54%	0.70%	0.88%	0.61%	0.79%	0.00%
VOW3.DE Volkswagen AG	7.25%	6.14%	10.18%	7.84%	22.87%	2.74%	3.19%	2.76%	2.85%	1.24%	0.13%	3.63%

Financials

Frequently Asked Questions

Can I hold both VOW3.DE and RACE in my portfolio?

VOW3.DE and RACE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.