VWCE.DE vs. ESPO
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and ESPO (VanEck Vectors Video Gaming and eSports ETF) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while ESPO is a Large Cap Growth Equities fund tracking the MVIS Global Video Gaming and eSports Index. Both are passively managed. Over the past 5 years, VWCE.DE returned 11.89%/yr vs 6.45%/yr for ESPO. At a 0.48 correlation, their price movements are largely independent. VWCE.DE charges 0.19%/yr vs 0.55%/yr for ESPO.
Performance
VWCE.DE vs. ESPO - Performance Comparison
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Different Trading Currencies
VWCE.DE is traded in EUR, while ESPO is traded in USD. To make them comparable, the ESPO 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 higher than ESPO's -13.79% 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*
- —
ESPO
- 1D
- -0.21%
- 1M
- -1.88%
- YTD
- -13.79%
- 6M
- -14.93%
- 1Y
- -14.14%
- 3Y*
- 14.27%
- 5Y*
- 6.45%
- 10Y*
- —
VWCE.DE vs. ESPO - 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% |
ESPO VanEck Vectors Video Gaming and eSports ETF | -13.79% | 10.87% | 57.36% | 29.64% | -30.66% | 5.19% | 68.77% | 11.48% |
Correlation
The correlation between VWCE.DE and ESPO is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.48 |
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Return for Risk
VWCE.DE vs. ESPO — Risk / Return Rank
VWCE.DE
ESPO
VWCE.DE vs. ESPO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWCE.DE) and VanEck Vectors Video Gaming and eSports ETF (ESPO). 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 | ESPO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.04 | ||
| Sortino ratioReturn per unit of downside risk | +4.14 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.87 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | -0.56 | +4.48 |
| Martin ratioReturn relative to average drawdown | 16.07 | -0.95 | +17.02 |
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Drawdowns
VWCE.DE vs. ESPO - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, smaller than the maximum ESPO drawdown of -40.76%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and ESPO.
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Drawdown Indicators
| VWCE.DE | ESPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -40.76% | +7.33% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -26.46% | +19.91% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -26.46% | +5.39% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -40.76% | +19.69% |
Current DrawdownCurrent decline from peak | -1.47% | -26.04% | +24.57% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -12.07% | +7.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 15.55% | -13.95% |
Volatility
VWCE.DE vs. ESPO - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.40%, while VanEck Vectors Video Gaming and eSports ETF (ESPO) has a volatility of 4.01%. This indicates that VWCE.DE experiences smaller price fluctuations and is considered to be less risky than ESPO 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 | ESPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 4.01% | -0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 13.60% | -5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 18.00% | -6.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 23.75% | -9.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 24.98% | -8.82% |
VWCE.DE vs. ESPO - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is lower than ESPO's 0.55% expense ratio.
Dividends
VWCE.DE vs. ESPO - Dividend Comparison
VWCE.DE has not paid dividends to shareholders, while ESPO's dividend yield for the trailing twelve months is around 1.47%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESPO VanEck Vectors Video Gaming and eSports ETF | 1.47% | 1.24% | 0.44% | 0.96% | 0.91% | 3.36% | 0.12% | 0.22% | 0.04% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VWCE.DE and ESPO have a correlation of 0.46, 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 0.55% for ESPO.
VWCE.DE is categorized as Global Equities, while ESPO is Large Cap Growth Equities. VWCE.DE tracks FTSE All-World Index, while ESPO tracks MVIS Global Video Gaming and eSports Index. They also come from different issuers: Vanguard and VanEck. Their fees differ too: 0.19% for VWCE.DE and 0.55% for ESPO.
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