VVGM.DE vs. TSWE.DE

Last updated Jun 5, 2026

VVGM.DE (VanEck Morningstar Global Wide Moat UCITS ETF) and TSWE.DE (VanEck Sustainable World Equal Weight UCITS ETF A) are both Global Equities funds from VanEck - VVGM.DE tracks the Morningstar Global Wide Moat Focus while TSWE.DE tracks the Solactive Sustainable World Equity. Both are passively managed. Over the past 5 years, VVGM.DE returned 7.42%/yr vs 11.66%/yr for TSWE.DE. Their correlation of 0.87 suggests significant overlap in exposure. VVGM.DE charges 0.52%/yr vs 0.20%/yr for TSWE.DE.

Performance

VVGM.DE vs. TSWE.DE - 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 Sustainable World Equal Weight UCITS ETF A (TSWE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VVGM.DE achieves a 0.57% return, which is significantly lower than TSWE.DE's 13.30% return.

VVGM.DE

• 1D: 0.63%
• 1M: -0.91%
• YTD: 0.57%
• 6M: 0.63%
• 1Y: 6.67%
• 3Y*: 10.24%
• 5Y*: 7.42%
• 10Y*: —

TSWE.DE

• 1D: -0.01%
• 1M: 4.64%
• YTD: 13.30%
• 6M: 14.99%
• 1Y: 25.60%
• 3Y*: 17.12%
• 5Y*: 11.66%
• 10Y*: —

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

VVGM.DE vs. TSWE.DE - 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%	6.99%
TSWE.DE VanEck Sustainable World Equal Weight UCITS ETF A	13.30%	13.87%	16.42%	16.27%	-13.06%	29.28%	12.90%

Correlation

The correlation between VVGM.DE and TSWE.DE is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020	0.87

The correlation between VVGM.DE and TSWE.DE has been stable across timeframes, ranging from 0.77 to 0.87 - a consistent structural relationship.

Return for Risk

VVGM.DE vs. TSWE.DE — 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: 19
VVGM.DE Sharpe Ratio Rank: 19
VVGM.DE Sortino Ratio Rank: 19
VVGM.DE Omega Ratio Rank: 18
VVGM.DE Calmar Ratio Rank: 18
VVGM.DE Martin Ratio Rank: 20

TSWE.DE

TSWE.DE Risk / Return Rank: 63
TSWE.DE Sharpe Ratio Rank: 60
TSWE.DE Sortino Ratio Rank: 61
TSWE.DE Omega Ratio Rank: 62
TSWE.DE Calmar Ratio Rank: 65
TSWE.DE Martin Ratio Rank: 69

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. TSWE.DE - 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 Sustainable World Equal Weight UCITS ETF A (TSWE.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.

	VVGM.DE	TSWE.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.59	1.98	-1.39
Sortino ratio: Return per unit of downside risk	0.92	2.84	-1.92
Omega ratio: Gain probability vs. loss probability	1.11	1.37	-0.26
Calmar ratio: Return relative to maximum drawdown	0.68	3.20	-2.52
Martin ratio: Return relative to average drawdown	2.16	12.60	-10.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VVGM.DE vs. TSWE.DE - Sharpe Ratio Comparison

The current VVGM.DE Sharpe Ratio is 0.59, which is lower than the TSWE.DE Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of VVGM.DE and TSWE.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

	VVGM.DE	TSWE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.59	1.98	-1.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.84	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.82	-0.10

Drawdowns

VVGM.DE vs. TSWE.DE - Drawdown Comparison

The maximum VVGM.DE drawdown since its inception was -17.74%, smaller than the maximum TSWE.DE drawdown of -33.61%. Use the drawdown chart below to compare losses from any high point for VVGM.DE and TSWE.DE.

Drawdown Indicators

	VVGM.DE	TSWE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-17.74%	-33.61%	+15.87%
Max Drawdown (1Y) Largest decline over 1 year	-10.92%	-8.03%	-2.89%
Max Drawdown (3Y) Largest decline over 3 years	-17.74%	-19.69%	+1.95%
Max Drawdown (5Y) Largest decline over 5 years	-17.74%	-19.69%	+1.95%
Current Drawdown Current decline from peak	-4.90%	-0.11%	-4.79%
Average Drawdown Average peak-to-trough decline	-3.80%	-4.69%	+0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	2.04%	+1.42%

Volatility

VVGM.DE vs. TSWE.DE - Volatility Comparison

VanEck Morningstar Global Wide Moat UCITS ETF (VVGM.DE) has a higher volatility of 4.13% compared to VanEck Sustainable World Equal Weight UCITS ETF A (TSWE.DE) at 3.04%. This indicates that VVGM.DE's price experiences larger fluctuations and is considered to be riskier than TSWE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VVGM.DE	TSWE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.13%	3.04%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	10.21%	9.89%	+0.32%
Volatility (1Y) Calculated over the trailing 1-year period	12.66%	12.95%	-0.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.62%	13.69%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.72%	15.89%	-2.17%

VVGM.DE vs. TSWE.DE - Expense Ratio Comparison

VVGM.DE has a 0.52% expense ratio, which is higher than TSWE.DE's 0.20% expense ratio.

Dividends

VVGM.DE vs. TSWE.DE - Dividend Comparison

VVGM.DE has not paid dividends to shareholders, while TSWE.DE's dividend yield for the trailing twelve months is around 1.83%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
TSWE.DE VanEck Sustainable World Equal Weight UCITS ETF A	1.83%	1.94%	2.19%	2.22%	2.37%	1.63%	1.87%	2.32%
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%

Frequently Asked Questions

Can I hold both VVGM.DE and TSWE.DE in my portfolio?

VVGM.DE and TSWE.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VVGM.DE or TSWE.DE?

On fees, TSWE.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VVGM.DE or TSWE.DE?

TSWE.DE is cheaper with a 0.20% expense ratio, compared with 0.52% for VVGM.DE.

What is the main difference between VVGM.DE and TSWE.DE?

VVGM.DE tracks Morningstar Global Wide Moat Focus, while TSWE.DE tracks Solactive Sustainable World Equity. Their fees differ too: 0.52% for VVGM.DE and 0.20% for TSWE.DE.