VWCE.DE vs. ASWC.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and ASWC.DE (HANetf Future of Defence UCITS ETF Acc EUR) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while ASWC.DE is a Aerospace & Defense fund tracking the EQM Future of Defence Index. Both are passively managed. Over the past year, VWCE.DE returned 26.35% vs 16.90% for ASWC.DE. A 0.62 correlation means they provide meaningful diversification when combined. VWCE.DE charges 0.19%/yr vs 0.49%/yr for ASWC.DE.
Performance
VWCE.DE vs. ASWC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VWCE.DE achieves a 11.72% return, which is significantly lower than ASWC.DE's 13.04% return.
VWCE.DE
- 1D
- 1.82%
- 1M
- 1.89%
- YTD
- 11.72%
- 6M
- 13.39%
- 1Y
- 26.35%
- 3Y*
- 17.02%
- 5Y*
- 11.89%
- 10Y*
- —
ASWC.DE
- 1D
- -0.80%
- 1M
- 6.25%
- YTD
- 13.04%
- 6M
- 13.89%
- 1Y
- 16.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VWCE.DE vs. ASWC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.72% | 9.16% | 24.41% | 5.71% |
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 13.04% | 38.30% | 39.36% | 14.37% |
Correlation
The correlation between VWCE.DE and ASWC.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2023 | 0.62 |
The correlation between VWCE.DE and ASWC.DE shifts across timeframes, from 0.45 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VWCE.DE vs. ASWC.DE — Risk / Return Rank
VWCE.DE
ASWC.DE
VWCE.DE vs. ASWC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWCE.DE) and HANetf Future of Defence UCITS ETF Acc EUR (ASWC.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.
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 | ASWC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.16 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 1.36 | +2.56 |
| Martin ratioReturn relative to average drawdown | 16.07 | 3.10 | +12.97 |
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Drawdowns
VWCE.DE vs. ASWC.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, which is greater than ASWC.DE's maximum drawdown of -12.58%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and ASWC.DE.
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Drawdown Indicators
| VWCE.DE | ASWC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -12.58% | -20.85% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -12.58% | +6.03% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | — | — |
Current DrawdownCurrent decline from peak | -1.47% | -2.83% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -2.47% | -2.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 5.51% | -3.91% |
Volatility
VWCE.DE vs. ASWC.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.40%, while HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) has a volatility of 5.89%. This indicates that VWCE.DE experiences smaller price fluctuations and is considered to be less risky than ASWC.DE 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 | ASWC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 5.89% | -2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 15.89% | -7.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 20.35% | -8.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 19.11% | -5.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 19.11% | -2.95% |
VWCE.DE vs. ASWC.DE - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is lower than ASWC.DE's 0.49% expense ratio.
Dividends
VWCE.DE vs. ASWC.DE - Dividend Comparison
Neither VWCE.DE nor ASWC.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and ASWC.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.49% for ASWC.DE.
VWCE.DE is categorized as Global Equities, while ASWC.DE is Aerospace & Defense. VWCE.DE tracks FTSE All-World Index, while ASWC.DE tracks EQM Future of Defence Index. They also come from different issuers: Vanguard and HANetf. Their fees differ too: 0.19% for VWCE.DE and 0.49% for ASWC.DE.
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