VWCE.DE vs. EGLN.L
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and EGLN.L (iShares Physical Gold ETC) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while EGLN.L is a Gold fund tracking the LBMA Gold Price. Both are passively managed. Over the past 5 years, VWCE.DE returned 11.89%/yr vs 18.47%/yr for EGLN.L. At a 0.04 correlation, their price movements are largely independent. VWCE.DE charges 0.19%/yr vs 0.25%/yr for EGLN.L.
Performance
VWCE.DE vs. EGLN.L - 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 higher than EGLN.L's -0.76% return.
VWCE.DE
- 1D
- 1.82%
- 1M
- 0.89%
- YTD
- 11.72%
- 6M
- 13.39%
- 1Y
- 26.35%
- 3Y*
- 17.02%
- 5Y*
- 11.89%
- 10Y*
- —
EGLN.L
- 1D
- 2.84%
- 1M
- -9.29%
- YTD
- -0.76%
- 6M
- -0.18%
- 1Y
- 22.86%
- 3Y*
- 26.28%
- 5Y*
- 18.47%
- 10Y*
- 10.77%
VWCE.DE vs. EGLN.L - 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% | 7.08% |
EGLN.L iShares Physical Gold ETC | -0.76% | 46.01% | 34.32% | 9.37% | 6.00% | 3.85% | 13.68% | 5.99% |
Correlation
The correlation between VWCE.DE and EGLN.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.04 |
Over the past year, VWCE.DE and EGLN.L have become more correlated (0.24) than their long-term average of 0.04, meaning their price movements have been converging.
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Return for Risk
VWCE.DE vs. EGLN.L — Risk / Return Rank
VWCE.DE
EGLN.L
VWCE.DE vs. EGLN.L - 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 Physical Gold ETC (EGLN.L). 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 | EGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.21 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 1.10 | +2.81 |
| Martin ratioReturn relative to average drawdown | 16.07 | 3.36 | +12.71 |
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Drawdowns
VWCE.DE vs. EGLN.L - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, smaller than the maximum EGLN.L drawdown of -47.44%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and EGLN.L.
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Drawdown Indicators
| VWCE.DE | EGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -47.44% | +14.01% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -21.94% | +15.39% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -21.94% | +0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -21.94% | +0.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.21% | — |
Current DrawdownCurrent decline from peak | -1.47% | -19.73% | +18.26% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -22.54% | +17.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 7.17% | -5.57% |
Volatility
VWCE.DE vs. EGLN.L - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.40%, while iShares Physical Gold ETC (EGLN.L) has a volatility of 6.72%. This indicates that VWCE.DE experiences smaller price fluctuations and is considered to be less risky than EGLN.L 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 | EGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 6.72% | -3.32% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 20.79% | -12.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 23.72% | -12.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 17.26% | -3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 16.00% | +0.16% |
VWCE.DE vs. EGLN.L - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is lower than EGLN.L'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. EGLN.L - Dividend Comparison
Neither VWCE.DE nor EGLN.L has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and EGLN.L have a correlation of 0.24, 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 0.25% for EGLN.L.
VWCE.DE is categorized as Global Equities, while EGLN.L is Gold. VWCE.DE tracks FTSE All-World Index, while EGLN.L tracks LBMA Gold Price. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.19% for VWCE.DE and 0.25% for EGLN.L.
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