VWCE.DE vs. AVUVX

Last updated Jun 13, 2026

VWCE.DE (Vanguard FTSE All-World UCITS ETF) and AVUVX (Avantis U.S. Small Cap Value Fund) are both funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while AVUVX is a Small Cap Value Equities fund managed by Avantis Investors. Over the past 5 years, VWCE.DE returned 11.89%/yr vs 12.56%/yr for AVUVX. At a 0.46 correlation, their price movements are largely independent. VWCE.DE charges 0.19%/yr vs 0.25%/yr for AVUVX.

Performance

VWCE.DE vs. AVUVX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE All-World UCITS ETF (VWCE.DE) and Avantis U.S. Small Cap Value Fund (AVUVX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VWCE.DE is traded in EUR, while AVUVX is traded in USD. To make them comparable, the AVUVX 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 lower than AVUVX's 23.39% 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*: —

AVUVX

• 1D: 1.61%
• 1M: 6.54%
• YTD: 23.39%
• 6M: 20.06%
• 1Y: 39.91%
• 3Y*: 16.82%
• 5Y*: 12.56%
• 10Y*: —

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

VWCE.DE vs. AVUVX - 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%	4.62%
AVUVX Avantis U.S. Small Cap Value Fund	23.39%	-4.04%	16.02%	19.27%	1.17%	50.81%	1.52%	3.70%

Correlation

The correlation between VWCE.DE and AVUVX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019	0.46

Return for Risk

VWCE.DE vs. AVUVX — 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

AVUVX

AVUVX Risk / Return Rank: 84
AVUVX Sharpe Ratio Rank: 82
AVUVX Sortino Ratio Rank: 81
AVUVX Omega Ratio Rank: 74
AVUVX Calmar Ratio Rank: 95
AVUVX Martin Ratio Rank: 90

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. AVUVX - 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 U.S. Small Cap Value Fund (AVUVX). 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	AVUVX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.22	0.00
Sortino ratio: Return per unit of downside risk	3.10	3.05	+0.05
Omega ratio: Gain probability vs. loss probability	1.41	1.38	+0.03
Calmar ratio: Return relative to maximum drawdown	3.92	5.87	-1.95
Martin ratio: Return relative to average drawdown	16.07	18.97	-2.90

VWCE.DE vs. AVUVX - Sharpe Ratio Comparison

The current VWCE.DE Sharpe Ratio is 2.21, which is comparable to the AVUVX Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of VWCE.DE and AVUVX, 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. AVUVX - Drawdown Comparison

The maximum VWCE.DE drawdown since its inception was -33.43%, smaller than the maximum AVUVX drawdown of -49.44%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and AVUVX.

Drawdown Indicators

	VWCE.DE	AVUVX	Difference
Max Drawdown Largest peak-to-trough decline	-33.43%	-49.44%	+16.01%
Max Drawdown (1Y) Largest decline over 1 year	-6.55%	-6.58%	+0.03%
Max Drawdown (3Y) Largest decline over 3 years	-21.07%	-32.04%	+10.97%
Max Drawdown (5Y) Largest decline over 5 years	-21.07%	-32.04%	+10.97%
Current Drawdown Current decline from peak	-1.47%	0.00%	-1.47%
Average Drawdown Average peak-to-trough decline	-4.68%	-8.55%	+3.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.60%	2.05%	-0.45%

Volatility

VWCE.DE vs. AVUVX - Volatility Comparison

The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.40%, while Avantis U.S. Small Cap Value Fund (AVUVX) has a volatility of 3.72%. This indicates that VWCE.DE experiences smaller price fluctuations and is considered to be less risky than AVUVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWCE.DE	AVUVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.40%	3.72%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	8.51%	11.42%	-2.91%
Volatility (1Y) Calculated over the trailing 1-year period	11.63%	17.46%	-5.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.79%	22.33%	-8.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.16%	28.60%	-12.44%

VWCE.DE vs. AVUVX - Expense Ratio Comparison

VWCE.DE has a 0.19% expense ratio, which is lower than AVUVX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VWCE.DE vs. AVUVX - Dividend Comparison

VWCE.DE has not paid dividends to shareholders, while AVUVX's dividend yield for the trailing twelve months is around 5.83%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVUVX Avantis U.S. Small Cap Value Fund	5.83%	7.09%	4.11%	1.57%	8.07%	5.83%	0.73%	0.14%
VWCE.DE Vanguard FTSE All-World UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

VWCE.DE and AVUVX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.