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VVGM.DE vs. MWMIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VVGM.DE vs. MWMIX

Last updated Jun 5, 2026

VVGM.DE (VanEck Morningstar Global Wide Moat UCITS ETF) and MWMIX (VanEck Morningstar Wide Moat Fund) are both funds - VVGM.DE is a Global Equities fund tracking the Morningstar Global Wide Moat Focus, while MWMIX is a Large Cap Blend Equities fund managed by VanEck. Over the past 5 years, VVGM.DE returned 7.42%/yr vs 7.32%/yr for MWMIX. A 0.51 correlation means they provide meaningful diversification when combined. VVGM.DE charges 0.52%/yr vs 0.59%/yr for MWMIX.

Performance

VVGM.DE vs. MWMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in VanEck Morningstar Global Wide Moat UCITS ETF (VVGM.DE) and VanEck Morningstar Wide Moat Fund (MWMIX). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VVGM.DE is traded in EUR, while MWMIX is traded in USD. To make them comparable, the MWMIX values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, VVGM.DE achieves a 0.57% return, which is significantly higher than MWMIX's -0.48% return.

VVGM.DE

1D
0.63%
1M
1.39%
YTD
0.57%
6M
1.07%
1Y
6.85%
3Y*
10.24%
5Y*
7.42%
10Y*
—

MWMIX

1D
-1.24%
1M
3.14%
YTD
-0.48%
6M
-1.81%
1Y
10.38%
3Y*
6.15%
5Y*
7.32%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VVGM.DE vs. MWMIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
VVGM.DE
VanEck Morningstar Global Wide Moat UCITS ETF		0.57%11.67%16.13%7.09%-6.16%24.82%7.73%
MWMIX
VanEck Morningstar Wide Moat Fund		-0.48%-0.26%17.59%21.44%-8.09%33.40%11.30%

Correlation

The correlation between VVGM.DE and MWMIX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.54

Correlation (3Y)
Calculated over the trailing 3-year period

0.50

Correlation (5Y)
Calculated over the trailing 5-year period

0.51

Correlation (All Time)
Calculated using the full available price history since Jul 10, 2020

0.51

The correlation between VVGM.DE and MWMIX has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Morningstar Global Wide Moat UCITS ETF

VanEck Morningstar Wide Moat Fund

Often compared with VVGM.DE:
VVGM.DE vs. TSWE.ASVVGM.DE vs. IVVVVGM.DE vs. AVUVVVGM.DE vs. ETLQ.DEVVGM.DE vs. MOATVVGM.DE vs. VDIV.DEVVGM.DE vs. VE.TO
Often compared with MWMIX:
MWMIX vs. SXR7.DEMWMIX vs. IWFQ.LMWMIX vs. SMHMWMIX vs. IWYMWMIX vs. CALFMWMIX vs. ^GSPCMWMIX vs. MOAT

Return for Risk

VVGM.DE vs. MWMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VVGM.DE
VVGM.DE Risk / Return Rank: 1919
Overall Rank
VVGM.DE Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
VVGM.DE Sortino Ratio Rank: 1919
Sortino Ratio Rank
VVGM.DE Omega Ratio Rank: 1818
Omega Ratio Rank
VVGM.DE Calmar Ratio Rank: 1818
Calmar Ratio Rank
VVGM.DE Martin Ratio Rank: 2020
Martin Ratio Rank
MWMIX
MWMIX Risk / Return Rank: 1212
Overall Rank
MWMIX Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
MWMIX Sortino Ratio Rank: 1313
Sortino Ratio Rank
MWMIX Omega Ratio Rank: 1111
Omega Ratio Rank
MWMIX Calmar Ratio Rank: 1212
Calmar Ratio Rank
MWMIX Martin Ratio Rank: 1212
Martin Ratio Rank
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.

VVGM.DE vs. MWMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Global Wide Moat UCITS ETF (VVGM.DE) and VanEck Morningstar Wide Moat Fund (MWMIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

VVGM.DEMWMIXDifference
Sharpe ratioReturn per unit of total volatility
0.59
0.68

-0.09

Sortino ratioReturn per unit of downside risk
0.92
1.02

-0.10

Omega ratioGain probability vs. loss probability

1.11

1.12

-0.01

Calmar ratioReturn relative to maximum drawdown

0.68

0.80

-0.11

Martin ratioReturn relative to average drawdown

2.16

2.13

+0.03

VVGM.DE vs. MWMIX - Sharpe Ratio Comparison

The current VVGM.DE Sharpe Ratio is 0.59, which is comparable to the MWMIX Sharpe Ratio of 0.68. The chart below compares the historical Sharpe Ratios of VVGM.DE and MWMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VVGM.DE vs. MWMIX - Drawdown Comparison

The maximum VVGM.DE drawdown since its inception was -17.74%, smaller than the maximum MWMIX drawdown of -32.56%. Use the drawdown chart below to compare losses from any high point for VVGM.DE and MWMIX.

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Drawdown Indicators

VVGM.DEMWMIXDifference

Max Drawdown

Largest peak-to-trough decline

-17.74%

-32.56%

+14.82%

Max Drawdown (1Y)

Largest decline over 1 year

-10.92%

-11.65%

+0.73%

Max Drawdown (3Y)

Largest decline over 3 years

-17.74%

-25.25%

+7.51%

Max Drawdown (5Y)

Largest decline over 5 years

-17.74%

-25.25%

+7.51%

Current Drawdown

Current decline from peak

-4.90%

-5.35%

+0.45%

Average Drawdown

Average peak-to-trough decline

-3.80%

-5.12%

+1.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.46%

4.36%

-0.90%

Volatility

VVGM.DE vs. MWMIX - Volatility Comparison

VanEck Morningstar Global Wide Moat UCITS ETF (VVGM.DE) has a higher volatility of 4.13% compared to VanEck Morningstar Wide Moat Fund (MWMIX) at 3.54%. This indicates that VVGM.DE's price experiences larger fluctuations and is considered to be riskier than MWMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VVGM.DEMWMIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.13%

3.54%

+0.59%

Volatility (6M)

Calculated over the trailing 6-month period

10.21%

9.77%

+0.44%

Volatility (1Y)

Calculated over the trailing 1-year period

12.66%

13.77%

-1.11%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.62%

18.15%

-4.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.72%

20.54%

-6.82%

VVGM.DE vs. MWMIX - Expense Ratio Comparison

VVGM.DE has a 0.52% expense ratio, which is lower than MWMIX's 0.59% expense ratio.

Dividends

VVGM.DE vs. MWMIX - Dividend Comparison

VVGM.DE has not paid dividends to shareholders, while MWMIX's dividend yield for the trailing twelve months is around 12.76%.

PositionTTM202520242023202220212020201920182017
MWMIX
VanEck Morningstar Wide Moat Fund		12.76%12.47%10.34%0.77%11.44%13.44%8.22%10.84%9.48%0.26%
VVGM.DE
VanEck Morningstar Global Wide Moat UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

VVGM.DE and MWMIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Portfolio Optimizer

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