VVGM.DE vs. UETW.DE
VVGM.DE (VanEck Morningstar Global Wide Moat UCITS ETF) and UETW.DE (UBS ETF (IE) MSCI World UCITS ETF (USD) Acc) are both Global Equities funds - VVGM.DE tracks the Morningstar Global Wide Moat Focus while UETW.DE tracks the MSCI World. Both are passively managed. Over the past 5 years, VVGM.DE returned 7.42%/yr vs 12.87%/yr for UETW.DE. Their correlation of 0.87 suggests significant overlap in exposure. VVGM.DE charges 0.52%/yr vs 0.10%/yr for UETW.DE.
Performance
VVGM.DE vs. UETW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VVGM.DE achieves a 0.57% return, which is significantly lower than UETW.DE's 10.95% 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*
- —
UETW.DE
- 1D
- -0.01%
- 1M
- 3.72%
- YTD
- 10.95%
- 6M
- 10.99%
- 1Y
- 23.94%
- 3Y*
- 17.68%
- 5Y*
- 12.87%
- 10Y*
- —
VVGM.DE vs. UETW.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% |
UETW.DE UBS ETF (IE) MSCI World UCITS ETF (USD) Acc | 10.95% | 8.06% | 26.50% | 19.68% | -13.72% | 32.17% | 10.89% |
Correlation
The correlation between VVGM.DE and UETW.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2020 | 0.87 |
The correlation between VVGM.DE and UETW.DE shifts across timeframes, from 0.74 (1 year) to 0.87 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VVGM.DE vs. UETW.DE — Risk / Return Rank
VVGM.DE
UETW.DE
VVGM.DE vs. UETW.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 UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.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 | UETW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.40 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 3.67 | -2.99 |
| Martin ratioReturn relative to average drawdown | 2.16 | 14.61 | -12.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VVGM.DE | UETW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.59 | 2.17 | -1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.91 | -0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.85 | -0.13 |
Drawdowns
VVGM.DE vs. UETW.DE - Drawdown Comparison
The maximum VVGM.DE drawdown since its inception was -17.74%, smaller than the maximum UETW.DE drawdown of -33.72%. Use the drawdown chart below to compare losses from any high point for VVGM.DE and UETW.DE.
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Drawdown Indicators
| VVGM.DE | UETW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -33.72% | +15.98% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -6.47% | -4.45% |
Max Drawdown (3Y)Largest decline over 3 years | -17.74% | -21.30% | +3.56% |
Max Drawdown (5Y)Largest decline over 5 years | -17.74% | -21.30% | +3.56% |
Current DrawdownCurrent decline from peak | -4.90% | -0.30% | -4.60% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -4.63% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 1.63% | +1.83% |
Volatility
VVGM.DE vs. UETW.DE - Volatility Comparison
VanEck Morningstar Global Wide Moat UCITS ETF (VVGM.DE) has a higher volatility of 4.13% compared to UBS ETF (IE) MSCI World UCITS ETF (USD) Acc (UETW.DE) at 2.60%. This indicates that VVGM.DE's price experiences larger fluctuations and is considered to be riskier than UETW.DE 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 | UETW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 2.60% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 10.21% | 7.63% | +2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.66% | 10.97% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 14.03% | -0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.72% | 16.11% | -2.39% |
VVGM.DE vs. UETW.DE - Expense Ratio Comparison
VVGM.DE has a 0.52% expense ratio, which is higher than UETW.DE's 0.10% expense ratio.
Dividends
VVGM.DE vs. UETW.DE - Dividend Comparison
Neither VVGM.DE nor UETW.DE has paid dividends to shareholders.
Frequently Asked Questions
VVGM.DE and UETW.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UETW.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETW.DE is cheaper with a 0.10% expense ratio, compared with 0.52% for VVGM.DE.
VVGM.DE tracks Morningstar Global Wide Moat Focus, while UETW.DE tracks MSCI World. They also come from different issuers: VanEck and UBS. Their fees differ too: 0.52% for VVGM.DE and 0.10% for UETW.DE.
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