VVLU.AX vs. ESTX.AX
VVLU.AX (Vanguard Global Value Equity Active ETF) and ESTX.AX (Global X EURO STOXX 50 ETF) are both Global Equities funds. VVLU.AX is actively managed, while ESTX.AX is passively managed. Over the past 5 years, VVLU.AX returned 13.88%/yr vs 12.14%/yr for ESTX.AX. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
VVLU.AX vs. ESTX.AX - Performance Comparison
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Returns By Period
In the year-to-date period, VVLU.AX achieves a 8.83% return, which is significantly higher than ESTX.AX's 3.22% return.
VVLU.AX
- 1D
- 1.02%
- 1M
- 2.82%
- 6M
- 7.37%
- YTD
- 8.83%
- 1Y
- 20.98%
- 3Y*
- 17.99%
- 5Y*
- 13.88%
- 10Y*
- —
ESTX.AX
- 1D
- 0.34%
- 1M
- 0.52%
- 6M
- -0.32%
- YTD
- 3.22%
- 1Y
- 8.95%
- 3Y*
- 14.83%
- 5Y*
- 12.14%
- 10Y*
- —
VVLU.AX vs. ESTX.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VVLU.AX Vanguard Global Value Equity Active ETF | 8.83% | 18.04% | 15.87% | 18.15% | 0.35% | 37.99% | -11.29% | 22.31% | -14.12% |
ESTX.AX Global X EURO STOXX 50 ETF | 3.22% | 27.21% | 13.48% | 23.32% | -7.46% | 18.99% | -2.51% | 27.06% | -9.78% |
Correlation
The correlation between VVLU.AX and ESTX.AX 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 | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2018 | 0.57 |
The correlation between VVLU.AX and ESTX.AX has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.
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Return for Risk
VVLU.AX vs. ESTX.AX — Risk / Return Rank
VVLU.AX
ESTX.AX
VVLU.AX vs. ESTX.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Value Equity Active ETF (VVLU.AX) and Global X EURO STOXX 50 ETF (ESTX.AX). 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.
| VVLU.AX | ESTX.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.13 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 0.71 | +1.68 |
| Martin ratioReturn relative to average drawdown | 8.04 | 2.05 | +5.99 |
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Drawdowns
VVLU.AX vs. ESTX.AX - Drawdown Comparison
The maximum VVLU.AX drawdown since its inception was -36.95%, which is greater than ESTX.AX's maximum drawdown of -29.33%. Use the drawdown chart below to compare losses from any high point for VVLU.AX and ESTX.AX.
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Drawdown Indicators
| VVLU.AX | ESTX.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.95% | -29.33% | -7.62% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -14.48% | +5.18% |
Max Drawdown (3Y)Largest decline over 3 years | -14.80% | -14.48% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -14.80% | -26.60% | +11.80% |
Current DrawdownCurrent decline from peak | -0.24% | -2.65% | +2.41% |
Average DrawdownAverage peak-to-trough decline | -6.22% | -5.29% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 5.06% | -2.27% |
Volatility
VVLU.AX vs. ESTX.AX - Volatility Comparison
Vanguard Global Value Equity Active ETF (VVLU.AX) has a higher volatility of 3.57% compared to Global X EURO STOXX 50 ETF (ESTX.AX) at 3.11%. This indicates that VVLU.AX's price experiences larger fluctuations and is considered to be riskier than ESTX.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VVLU.AX | ESTX.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 3.11% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 11.00% | 13.59% | -2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.69% | 15.76% | -2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.95% | 16.35% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.96% | 16.23% | +1.73% |
Dividends
VVLU.AX vs. ESTX.AX - Dividend Comparison
VVLU.AX's dividend yield for the trailing twelve months is around 10.99%, more than ESTX.AX's 7.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ESTX.AX Global X EURO STOXX 50 ETF | 7.25% | 1.79% | 4.19% | 3.67% | 3.90% | 1.60% | 2.15% | 2.79% | 4.16% | 1.15% | 0.15% |
VVLU.AX Vanguard Global Value Equity Active ETF | 10.99% | 7.07% | 3.21% | 5.22% | 2.63% | 1.36% | 2.21% | 2.31% | 0.46% | 0.00% | 0.00% |
Frequently Asked Questions
VVLU.AX and ESTX.AX 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.
They also come from different issuers: Vanguard and Global X.
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