VUKE.DE vs. VGWD.DE

Last updated Jun 5, 2026

VUKE.DE (Vanguard FTSE 100 UCITS ETF Distributing) and VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both exchange-traded funds - VUKE.DE is a Europe Equities fund tracking the FTSE AllSh TR GBP, while VGWD.DE is a Global Equities fund tracking the FTSE All-World High Dividend Yield index. Both are passively managed. Over the past 5 years, VUKE.DE returned 11.56%/yr vs 11.49%/yr for VGWD.DE. Their correlation of 0.83 suggests significant overlap in exposure. VUKE.DE charges 0.09%/yr vs 0.29%/yr for VGWD.DE.

Performance

VUKE.DE vs. VGWD.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE 100 UCITS ETF Distributing (VUKE.DE) 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, VUKE.DE achieves a 6.44% return, which is significantly lower than VGWD.DE's 12.49% return.

VUKE.DE

• 1D: 0.15%
• 1M: -0.44%
• YTD: 6.44%
• 6M: 9.43%
• 1Y: 17.71%
• 3Y*: 14.60%
• 5Y*: 11.56%
• 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)

VUKE.DE vs. VGWD.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VUKE.DE Vanguard FTSE 100 UCITS ETF Distributing	6.44%	20.50%	14.00%	9.66%	-1.10%	24.91%	-15.71%	25.58%	-10.37%	3.27%
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing	12.49%	13.16%	15.75%	7.29%	0.08%	27.90%	-9.60%	25.03%	-8.03%	1.24%

Correlation

The correlation between VUKE.DE and VGWD.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017	0.83

The correlation between VUKE.DE and VGWD.DE has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.

Return for Risk

VUKE.DE vs. VGWD.DE — Risk / Return Rank

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

VUKE.DE

VUKE.DE Risk / Return Rank: 45
VUKE.DE Sharpe Ratio Rank: 43
VUKE.DE Sortino Ratio Rank: 42
VUKE.DE Omega Ratio Rank: 43
VUKE.DE Calmar Ratio Rank: 47
VUKE.DE Martin Ratio Rank: 49

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.

VUKE.DE vs. VGWD.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE 100 UCITS ETF Distributing (VUKE.DE) 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.

	VUKE.DE	VGWD.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.47	2.70	-1.23
Sortino ratio: Return per unit of downside risk	2.09	3.78	-1.69
Omega ratio: Gain probability vs. loss probability	1.27	1.50	-0.23
Calmar ratio: Return relative to maximum drawdown	2.28	4.28	-2.00
Martin ratio: Return relative to average drawdown	8.03	16.37	-8.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VUKE.DE vs. VGWD.DE - Sharpe Ratio Comparison

The current VUKE.DE Sharpe Ratio is 1.47, which is lower than the VGWD.DE Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of VUKE.DE and VGWD.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VUKE.DE	VGWD.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	2.70	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.99	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.64	-0.17

Drawdowns

VUKE.DE vs. VGWD.DE - Drawdown Comparison

The maximum VUKE.DE drawdown since its inception was -40.16%, which is greater than VGWD.DE's maximum drawdown of -34.57%. Use the drawdown chart below to compare losses from any high point for VUKE.DE and VGWD.DE.

Drawdown Indicators

	VUKE.DE	VGWD.DE	Difference
Max Drawdown Largest peak-to-trough decline	-40.16%	-34.57%	-5.59%
Max Drawdown (1Y) Largest decline over 1 year	-7.78%	-5.82%	-1.96%
Max Drawdown (3Y) Largest decline over 3 years	-16.78%	-16.86%	+0.08%
Max Drawdown (5Y) Largest decline over 5 years	-16.78%	-16.86%	+0.08%
Current Drawdown Current decline from peak	-2.81%	-0.32%	-2.49%
Average Drawdown Average peak-to-trough decline	-5.47%	-4.05%	-1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	1.52%	+0.69%

Volatility

VUKE.DE vs. VGWD.DE - Volatility Comparison

Vanguard FTSE 100 UCITS ETF Distributing (VUKE.DE) has a higher volatility of 4.43% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) at 2.33%. This indicates that VUKE.DE's price experiences larger fluctuations and is considered to be riskier than VGWD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VUKE.DE	VGWD.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.43%	2.33%	+2.10%
Volatility (6M) Calculated over the trailing 6-month period	10.08%	6.95%	+3.13%
Volatility (1Y) Calculated over the trailing 1-year period	12.03%	9.21%	+2.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.06%	11.52%	+2.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.90%	14.23%	+2.67%

VUKE.DE vs. VGWD.DE - Expense Ratio Comparison

VUKE.DE has a 0.09% expense ratio, which is lower than VGWD.DE's 0.29% expense ratio.

Dividends

VUKE.DE vs. VGWD.DE - Dividend Comparison

VUKE.DE's dividend yield for the trailing twelve months is around 3.01%, more than VGWD.DE's 2.49% yield.

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%
VUKE.DE Vanguard FTSE 100 UCITS ETF Distributing	3.01%	3.18%	3.70%	3.84%	4.08%	3.81%	2.95%	4.49%	4.74%	0.65%

Frequently Asked Questions

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

VUKE.DE and VGWD.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VUKE.DE or VGWD.DE?

On fees, VUKE.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VUKE.DE or VGWD.DE?

VUKE.DE is cheaper with a 0.09% expense ratio, compared with 0.29% for VGWD.DE.

What is the main difference between VUKE.DE and VGWD.DE?

VUKE.DE is categorized as Europe Equities, while VGWD.DE is Global Equities. VUKE.DE tracks FTSE AllSh TR GBP, while VGWD.DE tracks FTSE All-World High Dividend Yield index. Their fees differ too: 0.09% for VUKE.DE and 0.29% for VGWD.DE.