VUDP.F vs. VGWD.DE

Last updated Jun 5, 2026

VUDP.F (Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF EUR Hedged Distributing) and VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - VUDP.F is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index Hedged in EUR, while VGWD.DE is a Global Equities fund tracking the FTSE All-World High Dividend Yield index. Both are passively managed. At a 0.21 correlation, their price movements are largely independent. VUDP.F charges 0.10%/yr vs 0.29%/yr for VGWD.DE.

Performance

VUDP.F vs. VGWD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF EUR Hedged Distributing (VUDP.F) 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.

Returns By Period

In the year-to-date period, VUDP.F achieves a -1.75% return, which is significantly lower than VGWD.DE's 12.49% return.

VUDP.F

• 1D: 0.10%
• 1M: -0.50%
• YTD: -1.75%
• 6M: -1.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VGWD.DE

• 1D: 0.19%
• 1M: 2.31%
• YTD: 12.49%
• 6M: 13.87%
• 1Y: 25.22%
• 3Y*: 15.87%
• 5Y*: 11.49%
• 10Y*: —

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

VUDP.F vs. VGWD.DE - Yearly Performance Comparison

	2026 (YTD)	2025
VUDP.F Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF EUR Hedged Distributing	-1.75%	1.21%
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	12.49%	3.71%

Correlation

The correlation between VUDP.F and VGWD.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 7, 2025	0.21

Return for Risk

VUDP.F vs. VGWD.DE — Risk / Return Rank

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

VGWD.DE

VGWD.DE Risk / Return Rank: 83
VGWD.DE Sharpe Ratio Rank: 84
VGWD.DE Sortino Ratio Rank: 85
VGWD.DE Omega Ratio Rank: 84
VGWD.DE Calmar Ratio Rank: 82
VGWD.DE Martin Ratio Rank: 82

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.

VUDP.F vs. VGWD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF EUR Hedged Distributing (VUDP.F) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	VUDP.F	VGWD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.70	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.99	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.43	0.64	-1.07

Drawdowns

VUDP.F vs. VGWD.DE - Drawdown Comparison

The maximum VUDP.F drawdown since its inception was -2.16%, smaller than the maximum VGWD.DE drawdown of -34.57%. Use the drawdown chart below to compare losses from any high point for VUDP.F and VGWD.DE.

Drawdown Indicators

	VUDP.F	VGWD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-2.16%	-34.57%	+32.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.82%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.86%	—
Current Drawdown Current decline from peak	-1.97%	-0.32%	-1.65%
Average Drawdown Average peak-to-trough decline	-0.82%	-4.05%	+3.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.52%	—

Volatility

Volatility by Period

	VUDP.F	VGWD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.34%	9.21%	-6.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.34%	11.52%	-9.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.34%	14.23%	-11.89%

VUDP.F vs. VGWD.DE - Expense Ratio Comparison

VUDP.F has a 0.10% expense ratio, which is lower than VGWD.DE's 0.29% expense ratio.

Dividends

VUDP.F vs. VGWD.DE - Dividend Comparison

VUDP.F has not paid dividends to shareholders, while VGWD.DE's dividend yield for the trailing twelve months is around 2.49%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	2.49%	2.84%	3.05%	3.39%	3.78%	3.03%	3.08%	3.21%	3.70%	0.58%
VUDP.F Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF EUR Hedged Distributing	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

VUDP.F and VGWD.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VUDP.F or VGWD.DE?

On fees, VUDP.F is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VUDP.F or VGWD.DE?

VUDP.F is cheaper with a 0.10% expense ratio, compared with 0.29% for VGWD.DE.

What is the main difference between VUDP.F and VGWD.DE?

VUDP.F is categorized as Government Bonds, while VGWD.DE is Global Equities. VUDP.F tracks Bloomberg U.S. Treasury 1-3 Year Index Hedged in EUR, while VGWD.DE tracks FTSE All-World High Dividend Yield index. Their fees differ too: 0.10% for VUDP.F and 0.29% for VGWD.DE.