VWCE.DE vs. ESIF.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and ESIF.DE (iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc)) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while ESIF.DE is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 5 years, VWCE.DE returned 12.15%/yr vs 20.35%/yr for ESIF.DE. A 0.62 correlation means they provide meaningful diversification when combined. VWCE.DE charges 0.19%/yr vs 0.18%/yr for ESIF.DE.
Performance
VWCE.DE vs. ESIF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VWCE.DE achieves a 13.19% return, which is significantly higher than ESIF.DE's 7.54% return.
VWCE.DE
- 1D
- 1.32%
- 1M
- 3.24%
- YTD
- 13.19%
- 6M
- 14.70%
- 1Y
- 28.01%
- 3Y*
- 17.53%
- 5Y*
- 12.15%
- 10Y*
- —
ESIF.DE
- 1D
- 1.42%
- 1M
- 6.38%
- YTD
- 7.54%
- 6M
- 11.44%
- 1Y
- 29.59%
- 3Y*
- 29.86%
- 5Y*
- 20.35%
- 10Y*
- —
VWCE.DE vs. ESIF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 13.19% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 1.97% |
ESIF.DE iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) | 7.54% | 47.72% | 25.25% | 21.60% | -2.85% | 29.01% | 2.38% |
Correlation
The correlation between VWCE.DE and ESIF.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020 | 0.62 |
The correlation between VWCE.DE and ESIF.DE has been stable across timeframes, ranging from 0.59 to 0.67 - a consistent structural relationship.
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Return for Risk
VWCE.DE vs. ESIF.DE — Risk / Return Rank
VWCE.DE
ESIF.DE
VWCE.DE vs. ESIF.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 Europe Financials Sector UCITS ETF EUR (Acc) (ESIF.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.
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 | ESIF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.28 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.26 | 2.38 | +1.87 |
| Martin ratioReturn relative to average drawdown | 17.48 | 8.11 | +9.36 |
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Drawdowns
VWCE.DE vs. ESIF.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, which is greater than ESIF.DE's maximum drawdown of -22.87%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and ESIF.DE.
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Drawdown Indicators
| VWCE.DE | ESIF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -22.87% | -10.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -12.35% | +5.80% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -17.08% | -3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -22.87% | +1.80% |
Current DrawdownCurrent decline from peak | -0.17% | 0.00% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -4.12% | -0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 3.62% | -2.02% |
Volatility
VWCE.DE vs. ESIF.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.44%, while iShares MSCI Europe Financials Sector UCITS ETF EUR (Acc) (ESIF.DE) has a volatility of 5.58%. This indicates that VWCE.DE experiences smaller price fluctuations and is considered to be less risky than ESIF.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 | ESIF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 5.58% | -2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 8.60% | 14.93% | -6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.66% | 18.27% | -6.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 19.05% | -5.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 18.88% | -2.72% |
VWCE.DE vs. ESIF.DE - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is higher than ESIF.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. ESIF.DE - Dividend Comparison
Neither VWCE.DE nor ESIF.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and ESIF.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESIF.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESIF.DE is cheaper with a 0.18% expense ratio, compared with 0.19% for VWCE.DE.
VWCE.DE is categorized as Global Equities, while ESIF.DE is Financials Equities. VWCE.DE tracks FTSE All-World Index, while ESIF.DE tracks MSCI World/Financials NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.19% for VWCE.DE and 0.18% for ESIF.DE.
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