VUDP.F vs. VGWL.DE

Last updated Jun 5, 2026

VUDP.F (Vanguard U.S. Treasury 1-3 Year Bond UCITS ETF EUR Hedged Distributing) and VGWL.DE (Vanguard FTSE All-World UCITS ETF 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 VGWL.DE is a Global Equities fund tracking the FTSE All-World. Both are passively managed. At a 0.08 correlation, their price movements are largely independent. VUDP.F charges 0.10%/yr vs 0.22%/yr for VGWL.DE.

Performance

VUDP.F vs. VGWL.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 UCITS ETF Distributing (VGWL.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 VGWL.DE's 12.63% return.

VUDP.F

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

VGWL.DE

• 1D: -0.24%
• 1M: 3.64%
• YTD: 12.63%
• 6M: 12.78%
• 1Y: 26.26%
• 3Y*: 17.85%
• 5Y*: 12.28%
• 10Y*: —

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

VUDP.F vs. VGWL.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%
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing	12.63%	1.44%

Correlation

The correlation between VUDP.F and VGWL.DE is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 7, 2025	0.08

Return for Risk

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

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

VGWL.DE

VGWL.DE Risk / Return Rank: 76
VGWL.DE Sharpe Ratio Rank: 72
VGWL.DE Sortino Ratio Rank: 73
VGWL.DE Omega Ratio Rank: 75
VGWL.DE Calmar Ratio Rank: 79
VGWL.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. VGWL.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 UCITS ETF Distributing (VGWL.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	VGWL.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.32	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.43	0.77	-1.20

Drawdowns

VUDP.F vs. VGWL.DE - Drawdown Comparison

The maximum VUDP.F drawdown since its inception was -2.16%, smaller than the maximum VGWL.DE drawdown of -33.40%. Use the drawdown chart below to compare losses from any high point for VUDP.F and VGWL.DE.

Drawdown Indicators

	VUDP.F	VGWL.DE	Difference
Max Drawdown Largest peak-to-trough decline	-2.16%	-33.40%	+31.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.57%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.04%	—
Current Drawdown Current decline from peak	-1.97%	-0.64%	-1.33%
Average Drawdown Average peak-to-trough decline	-0.82%	-4.34%	+3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.61%	—

Volatility

Volatility by Period

	VUDP.F	VGWL.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.34%	11.29%	-8.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.34%	13.76%	-11.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.34%	15.51%	-13.17%

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

VUDP.F has a 0.10% expense ratio, which is lower than VGWL.DE's 0.22% 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

VUDP.F vs. VGWL.DE - Dividend Comparison

VUDP.F has not paid dividends to shareholders, while VGWL.DE's dividend yield for the trailing twelve months is around 1.24%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGWL.DE Vanguard FTSE All-World UCITS ETF Distributing	1.24%	1.42%	1.48%	1.73%	2.09%	1.43%	1.56%	1.87%	2.26%	0.37%
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 VGWL.DE in my portfolio?

VUDP.F and VGWL.DE have a correlation of 0.08, 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 VGWL.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 VGWL.DE?

VUDP.F is cheaper with a 0.10% expense ratio, compared with 0.22% for VGWL.DE.

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

VUDP.F is categorized as Government Bonds, while VGWL.DE is Global Equities. VUDP.F tracks Bloomberg U.S. Treasury 1-3 Year Index Hedged in EUR, while VGWL.DE tracks FTSE All-World. Their fees differ too: 0.10% for VUDP.F and 0.22% for VGWL.DE.