VVGM.DE vs. RACE
VVGM.DE (VanEck Morningstar Global Wide Moat UCITS ETF) is Global Equities fund tracking the Morningstar Global Wide Moat Focus, while RACE (Ferrari N.V.) is a stock. Over the past 5 years, VVGM.DE returned 7.42%/yr vs 13.95%/yr for RACE. At a 0.32 correlation, their price movements are largely independent.
Performance
VVGM.DE vs. RACE - Performance Comparison
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Different Trading Currencies
VVGM.DE is traded in EUR, while RACE is traded in USD. To make them comparable, the RACE 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 lower than RACE's 2.81% 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*
- —
RACE
- 1D
- 5.22%
- 1M
- 12.69%
- YTD
- 2.81%
- 6M
- 3.19%
- 1Y
- -22.97%
- 3Y*
- 5.77%
- 5Y*
- 13.95%
- 10Y*
- 25.24%
VVGM.DE vs. RACE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VVGM.DE VanEck Morningstar Global Wide Moat UCITS ETF | 0.57% | 11.67% | 16.13% | 7.09% | -6.16% | 24.82% | 7.73% |
RACE Ferrari N.V. | 2.81% | -22.13% | 34.68% | 54.35% | -11.51% | 21.80% | 19.37% |
Correlation
The correlation between VVGM.DE and RACE is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2020 | 0.32 |
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Return for Risk
VVGM.DE vs. RACE — Risk / Return Rank
VVGM.DE
RACE
VVGM.DE vs. RACE - 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 Ferrari N.V. (RACE). 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.DE | RACE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 0.90 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | -0.60 | +1.28 |
| Martin ratioReturn relative to average drawdown | 2.16 | -0.94 | +3.10 |
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Drawdowns
VVGM.DE vs. RACE - Drawdown Comparison
The maximum VVGM.DE drawdown since its inception was -17.74%, smaller than the maximum RACE drawdown of -46.58%. Use the drawdown chart below to compare losses from any high point for VVGM.DE and RACE.
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Drawdown Indicators
| VVGM.DE | RACE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -46.58% | +28.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -38.33% | +27.41% |
Max Drawdown (3Y)Largest decline over 3 years | -17.74% | -42.92% | +25.18% |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | -42.92% | +25.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.92% | — |
Current DrawdownCurrent decline from peak | -4.90% | -32.11% | +27.21% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -11.17% | +7.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 24.61% | -21.15% |
Volatility
VVGM.DE vs. RACE - Volatility Comparison
The current volatility for VanEck Morningstar Global Wide Moat UCITS ETF (VVGM.DE) is 4.13%, while Ferrari N.V. (RACE) has a volatility of 11.79%. This indicates that VVGM.DE experiences smaller price fluctuations and is considered to be less risky than RACE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VVGM.DE | RACE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 11.79% | -7.66% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 24.18% | -13.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 34.73% | -22.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 28.22% | -14.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.72% | 28.90% | -15.18% |
Dividends
VVGM.DE vs. RACE - Dividend Comparison
VVGM.DE has not paid dividends to shareholders, while RACE's dividend yield for the trailing twelve months is around 2.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
RACE Ferrari N.V. | 2.33% | 1.85% | 0.61% | 0.59% | 0.69% | 0.40% | 0.54% | 0.70% | 0.88% | 0.61% | 0.79% |
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% | 0.00% |
Frequently Asked Questions
VVGM.DE and RACE have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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