VWCE.DE vs. ^STOXX

Last updated Jun 13, 2026

VWCE.DE (Vanguard FTSE All-World UCITS ETF) is Global Equities fund tracking the FTSE All-World Index, while ^STOXX (STOXX Europe 600 Index) is an index. Over the past 5 years, VWCE.DE returned 11.89%/yr vs 6.72%/yr for ^STOXX. Their correlation of 0.81 suggests significant overlap in exposure.

Performance

VWCE.DE vs. ^STOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE All-World UCITS ETF (VWCE.DE) and STOXX Europe 600 Index (^STOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VWCE.DE achieves a 11.72% return, which is significantly higher than ^STOXX's 6.82% return.

VWCE.DE

• 1D: 1.82%
• 1M: 0.89%
• YTD: 11.72%
• 6M: 13.39%
• 1Y: 26.35%
• 3Y*: 17.02%
• 5Y*: 11.89%
• 10Y*: —

^STOXX

• 1D: 1.88%
• 1M: 3.56%
• YTD: 6.82%
• 6M: 9.51%
• 1Y: 16.20%
• 3Y*: 10.98%
• 5Y*: 6.72%
• 10Y*: 7.05%

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

VWCE.DE vs. ^STOXX - 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%
^STOXX STOXX Europe 600 Index	6.82%	17.42%	5.39%	12.74%	-13.06%	22.10%	-3.83%	6.24%

Correlation

The correlation between VWCE.DE and ^STOXX is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019	0.81

The correlation between VWCE.DE and ^STOXX has been stable across timeframes, ranging from 0.71 to 0.81 - a consistent structural relationship.

Return for Risk

VWCE.DE vs. ^STOXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VWCE.DE

VWCE.DE Risk / Return Rank: 82
VWCE.DE Sharpe Ratio Rank: 80
VWCE.DE Sortino Ratio Rank: 81
VWCE.DE Omega Ratio Rank: 80
VWCE.DE Calmar Ratio Rank: 83
VWCE.DE Martin Ratio Rank: 87

^STOXX

^STOXX Risk / Return Rank: 44
^STOXX Sharpe Ratio Rank: 43
^STOXX Sortino Ratio Rank: 45
^STOXX Omega Ratio Rank: 45
^STOXX Calmar Ratio Rank: 40
^STOXX Martin Ratio Rank: 47

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.

VWCE.DE vs. ^STOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWCE.DE) and STOXX Europe 600 Index (^STOXX). 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	^STOXX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	1.25	+0.96
Sortino ratio: Return per unit of downside risk	3.10	1.88	+1.21
Omega ratio: Gain probability vs. loss probability	1.41	1.23	+0.18
Calmar ratio: Return relative to maximum drawdown	3.92	1.61	+2.31
Martin ratio: Return relative to average drawdown	16.07	5.82	+10.26

VWCE.DE vs. ^STOXX - Sharpe Ratio Comparison

The current VWCE.DE Sharpe Ratio is 2.21, which is higher than the ^STOXX Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of VWCE.DE and ^STOXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VWCE.DE vs. ^STOXX - Drawdown Comparison

The maximum VWCE.DE drawdown since its inception was -33.43%, smaller than the maximum ^STOXX drawdown of -60.54%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and ^STOXX.

Drawdown Indicators

	VWCE.DE	^STOXX	Difference
Max Drawdown Largest peak-to-trough decline	-33.43%	-60.54%	+27.11%
Max Drawdown (1Y) Largest decline over 1 year	-6.55%	-9.56%	+3.01%
Max Drawdown (3Y) Largest decline over 3 years	-21.07%	-16.56%	-4.51%
Max Drawdown (5Y) Largest decline over 5 years	-21.07%	-22.55%	+1.48%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.55%	—
Current Drawdown Current decline from peak	-1.47%	-0.10%	-1.37%
Average Drawdown Average peak-to-trough decline	-4.68%	-14.61%	+9.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	2.68%	-1.08%

Volatility

VWCE.DE vs. ^STOXX - Volatility Comparison

Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a higher volatility of 3.40% compared to STOXX Europe 600 Index (^STOXX) at 3.17%. This indicates that VWCE.DE's price experiences larger fluctuations and is considered to be riskier than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWCE.DE	^STOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	3.17%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	8.51%	10.28%	-1.77%
Volatility (1Y) Calculated over the trailing 1-year period	11.63%	12.30%	-0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.79%	14.22%	-0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.16%	15.50%	+0.66%

Frequently Asked Questions

Can I hold both VWCE.DE and ^STOXX in my portfolio?

VWCE.DE and ^STOXX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.