VUAA.DE vs. VWCE.DE
VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - VUAA.DE is a S&P 500 fund tracking the S&P 500 Index, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, VUAA.DE returned 14.77%/yr vs 12.28%/yr for VWCE.DE. With a 0.95 correlation, they move nearly in lockstep. VUAA.DE charges 0.07%/yr vs 0.19%/yr for VWCE.DE.
Performance
VUAA.DE vs. VWCE.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 lower than VWCE.DE's 12.64% 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*
- —
VWCE.DE
- 1D
- -0.21%
- 1M
- 3.63%
- YTD
- 12.64%
- 6M
- 12.84%
- 1Y
- 26.31%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
VUAA.DE vs. VWCE.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% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.64% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 3.25% |
Correlation
The correlation between VUAA.DE and VWCE.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 | 0.95 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2020 | 0.95 |
The correlation between VUAA.DE and VWCE.DE has been stable across timeframes, ranging from 0.95 to 0.95 - a consistent structural relationship.
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Return for Risk
VUAA.DE vs. VWCE.DE — Risk / Return Rank
VUAA.DE
VWCE.DE
VUAA.DE vs. VWCE.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 FTSE All-World UCITS ETF (VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.43 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 4.01 | -0.45 |
| Martin ratioReturn relative to average drawdown | 12.74 | 16.55 | -3.81 |
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 | VWCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.20 | 2.31 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | 0.88 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 0.79 | +0.03 |
Drawdowns
VUAA.DE vs. VWCE.DE - Drawdown Comparison
The maximum VUAA.DE drawdown since its inception was -33.67%, roughly equal to the maximum VWCE.DE drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for VUAA.DE and VWCE.DE.
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Drawdown Indicators
| VUAA.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -33.43% | -0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -7.16% | -6.55% | -0.61% |
Max Drawdown (3Y)Largest decline over 3 years | -23.33% | -21.07% | -2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | -21.07% | -2.26% |
Current DrawdownCurrent decline from peak | -0.45% | -0.66% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -4.69% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.59% | +0.42% |
Volatility
VUAA.DE vs. VWCE.DE - Volatility Comparison
The current volatility for Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) is 2.65%, while Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a volatility of 3.06%. This indicates that VUAA.DE experiences smaller price fluctuations and is considered to be less risky than VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 3.06% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 8.18% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 11.37% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 13.75% | +1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 16.16% | +1.43% |
VUAA.DE vs. VWCE.DE - Expense Ratio Comparison
VUAA.DE has a 0.07% expense ratio, which is lower than VWCE.DE's 0.19% 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. VWCE.DE - Dividend Comparison
Neither VUAA.DE nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, VUAA.DE and VWCE.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, 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 0.19% for VWCE.DE.
VUAA.DE is categorized as S&P 500, while VWCE.DE is Global Equities. VUAA.DE tracks S&P 500 Index, while VWCE.DE tracks FTSE All-World Index. Their fees differ too: 0.07% for VUAA.DE and 0.19% for VWCE.DE.
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