VWCE.DE vs. AVWS.DE

Last updated Jun 9, 2026

VWCE.DE (Vanguard FTSE All-World UCITS ETF) and AVWS.DE (Avantis Global Small Cap Value UCITS ETF USD Acc EUR) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while AVWS.DE is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. VWCE.DE is passively managed, while AVWS.DE is actively managed. Over the past year, VWCE.DE returned 24.29% vs 34.17% for AVWS.DE. A 0.68 correlation means they provide meaningful diversification when combined. VWCE.DE charges 0.19%/yr vs 0.39%/yr for AVWS.DE.

Performance

VWCE.DE vs. AVWS.DE - 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 Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VWCE.DE achieves a 11.26% return, which is significantly lower than AVWS.DE's 18.42% 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*: —

AVWS.DE

• 1D: 0.10%
• 1M: 2.09%
• YTD: 18.42%
• 6M: 17.61%
• 1Y: 34.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VWCE.DE vs. AVWS.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VWCE.DE Vanguard FTSE All-World UCITS ETF	11.26%	9.16%	5.56%
AVWS.DE Avantis Global Small Cap Value UCITS ETF USD Acc EUR	18.42%	7.86%	5.81%

Correlation

The correlation between VWCE.DE and AVWS.DE is 0.60, 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	0.60
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024	0.68

The correlation between VWCE.DE and AVWS.DE has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.

Return for Risk

VWCE.DE vs. AVWS.DE — 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: 77
VWCE.DE Sharpe Ratio Rank: 73
VWCE.DE Sortino Ratio Rank: 74
VWCE.DE Omega Ratio Rank: 74
VWCE.DE Calmar Ratio Rank: 79
VWCE.DE Martin Ratio Rank: 84

AVWS.DE

AVWS.DE Risk / Return Rank: 85
AVWS.DE Sharpe Ratio Rank: 82
AVWS.DE Sortino Ratio Rank: 82
AVWS.DE Omega Ratio Rank: 78
AVWS.DE Calmar Ratio Rank: 91
AVWS.DE Martin Ratio Rank: 91

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. AVWS.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 Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.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.

	VWCE.DE	AVWS.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.11	2.36	-0.25
Sortino ratio: Return per unit of downside risk	2.95	3.28	-0.33
Omega ratio: Gain probability vs. loss probability	1.39	1.41	-0.02
Calmar ratio: Return relative to maximum drawdown	3.68	5.38	-1.70
Martin ratio: Return relative to average drawdown	15.26	19.94	-4.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VWCE.DE vs. AVWS.DE - Sharpe Ratio Comparison

The current VWCE.DE Sharpe Ratio is 2.11, which is comparable to the AVWS.DE Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of VWCE.DE and AVWS.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VWCE.DE	AVWS.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	2.36	-0.25
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	1.10	-0.34

Drawdowns

VWCE.DE vs. AVWS.DE - Drawdown Comparison

The maximum VWCE.DE drawdown since its inception was -33.43%, which is greater than AVWS.DE's maximum drawdown of -25.20%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and AVWS.DE.

Drawdown Indicators

	VWCE.DE	AVWS.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.43%	-25.20%	-8.23%
Max Drawdown (1Y) Largest decline over 1 year	-6.55%	-6.37%	-0.18%
Max Drawdown (3Y) Largest decline over 3 years	-21.07%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.07%	—	—
Current Drawdown Current decline from peak	-1.87%	-0.31%	-1.56%
Average Drawdown Average peak-to-trough decline	-4.69%	-5.10%	+0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.58%	1.71%	-0.13%

Volatility

VWCE.DE vs. AVWS.DE - Volatility Comparison

Vanguard FTSE All-World UCITS ETF (VWCE.DE) and Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE) have volatilities of 3.29% and 3.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VWCE.DE	AVWS.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	3.26%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	8.24%	9.60%	-1.36%
Volatility (1Y) Calculated over the trailing 1-year period	11.42%	14.50%	-3.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.76%	18.25%	-4.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.15%	18.25%	-2.10%

VWCE.DE vs. AVWS.DE - Expense Ratio Comparison

VWCE.DE has a 0.19% expense ratio, which is lower than AVWS.DE's 0.39% expense ratio.

Dividends

VWCE.DE vs. AVWS.DE - Dividend Comparison

Neither VWCE.DE nor AVWS.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

VWCE.DE and AVWS.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VWCE.DE or AVWS.DE?

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.

Which ETF is cheaper, VWCE.DE or AVWS.DE?

VWCE.DE is cheaper with a 0.19% expense ratio, compared with 0.39% for AVWS.DE.

What is the main difference between VWCE.DE and AVWS.DE?

VWCE.DE is categorized as Global Equities, while AVWS.DE 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 0.39% for AVWS.DE.