VUAA.DE vs. VAGF.DE
VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) and VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - VUAA.DE is a S&P 500 fund tracking the S&P 500 Index, while VAGF.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). Both are passively managed. Over the past 5 years, VUAA.DE returned 14.77%/yr vs -1.66%/yr for VAGF.DE. At a 0.03 correlation, their price movements are largely independent. VUAA.DE charges 0.07%/yr vs 0.10%/yr for VAGF.DE.
Performance
VUAA.DE vs. VAGF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VUAA.DE achieves a 11.41% return, which is significantly higher than VAGF.DE's -0.68% return.
VUAA.DE
- 1D
- -0.12%
- 1M
- 5.23%
- YTD
- 11.41%
- 6M
- 11.44%
- 1Y
- 25.64%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- —
VAGF.DE
- 1D
- 0.09%
- 1M
- -0.28%
- YTD
- -0.68%
- 6M
- -0.37%
- 1Y
- 1.16%
- 3Y*
- 2.04%
- 5Y*
- -1.66%
- 10Y*
- —
VUAA.DE vs. VAGF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 11.41% | 4.68% | 32.33% | 22.52% | -14.29% | 40.76% | 3.17% |
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.68% | 3.23% | 0.82% | 4.53% | -14.84% | -2.97% | 3.18% |
Correlation
The correlation between VUAA.DE and VAGF.DE is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2020 | 0.03 |
The correlation between VUAA.DE and VAGF.DE shifts across timeframes, from 0.03 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VUAA.DE vs. VAGF.DE — Risk / Return Rank
VUAA.DE
VAGF.DE
VUAA.DE vs. VAGF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) and Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.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.
| VUAA.DE | VAGF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.06 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 0.38 | +3.18 |
| Martin ratioReturn relative to average drawdown | 12.74 | 1.06 | +11.68 |
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
| VUAA.DE | VAGF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 0.33 | +1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | -0.33 | +1.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | -0.17 | +0.99 |
Drawdowns
VUAA.DE vs. VAGF.DE - Drawdown Comparison
The maximum VUAA.DE drawdown since its inception was -33.67%, which is greater than VAGF.DE's maximum drawdown of -19.57%. Use the drawdown chart below to compare losses from any high point for VUAA.DE and VAGF.DE.
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Drawdown Indicators
| VUAA.DE | VAGF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -19.57% | -14.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -3.11% | -4.05% |
Max Drawdown (3Y)Largest decline over 3 years | -23.33% | -4.45% | -18.88% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | -18.79% | -4.54% |
Current DrawdownCurrent decline from peak | -0.45% | -10.73% | +10.28% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -8.99% | +3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.13% | +0.88% |
Volatility
VUAA.DE vs. VAGF.DE - Volatility Comparison
Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) has a higher volatility of 2.65% compared to Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) at 1.55%. This indicates that VUAA.DE's price experiences larger fluctuations and is considered to be riskier than VAGF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUAA.DE | VAGF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 1.55% | +1.10% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 2.98% | +4.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 3.63% | +7.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 4.90% | +10.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 4.71% | +12.88% |
VUAA.DE vs. VAGF.DE - Expense Ratio Comparison
VUAA.DE has a 0.07% expense ratio, which is lower than VAGF.DE's 0.10% 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
VUAA.DE vs. VAGF.DE - Dividend Comparison
Neither VUAA.DE nor VAGF.DE has paid dividends to shareholders.
Frequently Asked Questions
VUAA.DE and VAGF.DE have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUAA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUAA.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for VAGF.DE.
VUAA.DE is categorized as S&P 500, while VAGF.DE is Global Bonds. VUAA.DE tracks S&P 500 Index, while VAGF.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). Their fees differ too: 0.07% for VUAA.DE and 0.10% for VAGF.DE.
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