VWCE.DE vs. EDM2.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and EDM2.DE (iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc)) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while EDM2.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ESG Enhanced Focus. Both are passively managed. Over the past 5 years, VWCE.DE returned 11.93%/yr vs 7.29%/yr for EDM2.DE. A 0.72 correlation means they provide meaningful diversification when combined. VWCE.DE charges 0.19%/yr vs 0.18%/yr for EDM2.DE.
Performance
VWCE.DE vs. EDM2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VWCE.DE achieves a 11.26% return, which is significantly lower than EDM2.DE's 24.09% 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*
- —
EDM2.DE
- 1D
- 1.87%
- 1M
- 1.49%
- YTD
- 24.09%
- 6M
- 25.04%
- 1Y
- 43.68%
- 3Y*
- 18.92%
- 5Y*
- 7.29%
- 10Y*
- —
VWCE.DE vs. EDM2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.26% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 6.93% |
EDM2.DE iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) | 24.09% | 19.78% | 13.37% | 4.74% | -16.09% | 4.73% | 7.76% | 7.69% |
Correlation
The correlation between VWCE.DE and EDM2.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2019 | 0.72 |
The correlation between VWCE.DE and EDM2.DE has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
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Return for Risk
VWCE.DE vs. EDM2.DE — Risk / Return Rank
VWCE.DE
EDM2.DE
VWCE.DE vs. EDM2.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 iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.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 | EDM2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.42 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.68 | 3.89 | -0.21 |
| Martin ratioReturn relative to average drawdown | 15.26 | 13.83 | +1.43 |
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 | EDM2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 2.31 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.43 | +0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.48 | +0.29 |
Drawdowns
VWCE.DE vs. EDM2.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, roughly equal to the maximum EDM2.DE drawdown of -32.34%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and EDM2.DE.
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Drawdown Indicators
| VWCE.DE | EDM2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -32.34% | -1.09% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -10.86% | +4.31% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -19.46% | -1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -25.47% | +4.40% |
Current DrawdownCurrent decline from peak | -1.87% | -4.32% | +2.45% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -11.09% | +6.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.58% | 3.06% | -1.48% |
Volatility
VWCE.DE vs. EDM2.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.29%, while iShares MSCI EM ESG Enhanced UCITS ETF USD (Acc) (EDM2.DE) has a volatility of 8.50%. This indicates that VWCE.DE experiences smaller price fluctuations and is considered to be less risky than EDM2.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 | EDM2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 8.50% | -5.21% |
Volatility (6M)Calculated over the trailing 6-month period | 8.24% | 15.59% | -7.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 18.27% | -6.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.76% | 16.94% | -3.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.15% | 19.20% | -3.05% |
VWCE.DE vs. EDM2.DE - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is higher than EDM2.DE's 0.18% expense ratio. However, 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. EDM2.DE - Dividend Comparison
Neither VWCE.DE nor EDM2.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and EDM2.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EDM2.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EDM2.DE is cheaper with a 0.18% expense ratio, compared with 0.19% for VWCE.DE.
VWCE.DE is categorized as Global Equities, while EDM2.DE is Emerging Markets Equities. VWCE.DE tracks FTSE All-World Index, while EDM2.DE tracks MSCI Emerging Markets ESG Enhanced Focus. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.19% for VWCE.DE and 0.18% for EDM2.DE.
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