VWCE.DE vs. AVDS
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and AVDS (Avantis International Small Cap Equity ETF) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while AVDS is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. VWCE.DE is passively managed, while AVDS is actively managed. Over the past year, VWCE.DE returned 24.29% vs 27.79% for AVDS. A 0.54 correlation means they provide meaningful diversification when combined. VWCE.DE charges 0.19%/yr vs 0.30%/yr for AVDS.
Performance
VWCE.DE vs. AVDS - Performance Comparison
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Different Trading Currencies
VWCE.DE is traded in EUR, while AVDS is traded in USD. To make them comparable, the AVDS 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 11.26% return, which is significantly lower than AVDS's 12.00% return.
VWCE.DE
- 1D
- 0.15%
- 1M
- 2.31%
- YTD
- 11.26%
- 6M
- 11.96%
- 1Y
- 24.29%
- 3Y*
- 17.30%
- 5Y*
- 11.93%
- 10Y*
- —
AVDS
- 1D
- 0.46%
- 1M
- -0.89%
- YTD
- 12.00%
- 6M
- 14.09%
- 1Y
- 27.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VWCE.DE vs. AVDS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.26% | 9.16% | 24.41% | 5.68% |
AVDS Avantis International Small Cap Equity ETF | 12.00% | 21.79% | 10.02% | 4.49% |
Correlation
The correlation between VWCE.DE and AVDS is 0.61, 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 | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2023 | 0.54 |
The correlation between VWCE.DE and AVDS has been stable across timeframes, ranging from 0.54 to 0.61 - a consistent structural relationship.
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Return for Risk
VWCE.DE vs. AVDS — Risk / Return Rank
VWCE.DE
AVDS
VWCE.DE vs. AVDS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWCE.DE) and Avantis International Small Cap Equity ETF (AVDS). 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.
| VWCE.DE | AVDS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.40 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.68 | 2.65 | +1.03 |
| Martin ratioReturn relative to average drawdown | 15.26 | 11.43 | +3.84 |
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
| VWCE.DE | AVDS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 2.17 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 1.24 | -0.48 |
Drawdowns
VWCE.DE vs. AVDS - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, which is greater than AVDS's maximum drawdown of -15.03%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and AVDS.
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Drawdown Indicators
| VWCE.DE | AVDS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -15.03% | -18.40% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -10.52% | +3.97% |
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 | -1.87% | -2.63% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -1.90% | -2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 2.44% | -0.86% |
Volatility
VWCE.DE vs. AVDS - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.29%, while Avantis International Small Cap Equity ETF (AVDS) has a volatility of 3.87%. This indicates that VWCE.DE experiences smaller price fluctuations and is considered to be less risky than AVDS 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 | AVDS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 3.87% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 8.24% | 10.79% | -2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 12.91% | -1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.76% | 13.67% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.15% | 13.67% | +2.48% |
VWCE.DE vs. AVDS - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is lower than AVDS's 0.30% expense ratio.
Dividends
VWCE.DE vs. AVDS - Dividend Comparison
VWCE.DE has not paid dividends to shareholders, while AVDS's dividend yield for the trailing twelve months is around 2.20%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AVDS Avantis International Small Cap Equity ETF | 2.20% | 2.37% | 3.07% | 0.72% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VWCE.DE and AVDS have a correlation of 0.61, 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 0.30% for AVDS.
VWCE.DE is categorized as Global Equities, while AVDS is Foreign Small & Mid Cap Equities. They also come from different issuers: Vanguard and Avantis. Their fees differ too: 0.19% for VWCE.DE and 0.30% for AVDS.
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