VWCE.DE vs. ^GSPC
VWCE.DE (Vanguard FTSE All-World UCITS ETF) is Global Equities fund tracking the FTSE All-World Index, while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, VWCE.DE returned 11.89%/yr vs 12.86%/yr for ^GSPC. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
VWCE.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
VWCE.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VWCE.DE achieves a 11.72% return, which is significantly higher than ^GSPC's 10.23% return.
VWCE.DE
- 1D
- 1.82%
- 1M
- 2.09%
- YTD
- 11.72%
- 6M
- 13.39%
- 1Y
- 25.76%
- 3Y*
- 17.02%
- 5Y*
- 11.89%
- 10Y*
- —
^GSPC
- 1D
- 0.58%
- 1M
- 1.09%
- YTD
- 10.23%
- 6M
- 10.46%
- 1Y
- 23.14%
- 3Y*
- 16.63%
- 5Y*
- 12.86%
- 10Y*
- 13.24%
VWCE.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.72% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 7.08% |
^GSPC S&P 500 Index | 10.23% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 6.34% |
Correlation
The correlation between VWCE.DE and ^GSPC is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.59 |
The correlation between VWCE.DE and ^GSPC shifts across timeframes, from 0.58 (5 years) to 0.68 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VWCE.DE vs. ^GSPC — Risk / Return Rank
VWCE.DE
^GSPC
VWCE.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWCE.DE) and S&P 500 Index (^GSPC). 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.
| VWCE.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.34 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 3.07 | +0.84 |
| Martin ratioReturn relative to average drawdown | 16.07 | 11.40 | +4.68 |
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Drawdowns
VWCE.DE vs. ^GSPC - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and ^GSPC.
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Drawdown Indicators
| VWCE.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -51.62% | +18.19% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -7.57% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -23.99% | +2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -23.99% | +2.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -1.47% | -1.82% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -9.08% | +4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 2.04% | -0.44% |
Volatility
VWCE.DE vs. ^GSPC - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.40%, while S&P 500 Index (^GSPC) has a volatility of 3.63%. This indicates that VWCE.DE experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWCE.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 3.63% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 9.09% | -0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 12.48% | -0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 16.83% | -3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 18.61% | -2.45% |
Frequently Asked Questions
VWCE.DE and ^GSPC have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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