VWCE.DE vs. EXUS.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and EXUS.DE (Xtrackers MSCI World ex USA UCITS ETF 1C USD) are both Global Equities funds - VWCE.DE tracks the FTSE All-World Index while EXUS.DE tracks the MSCI World ex USA index. Both are passively managed. Over the past year, VWCE.DE returned 26.35% vs 22.41% for EXUS.DE. A 0.79 correlation means they provide meaningful diversification when combined. VWCE.DE charges 0.19%/yr vs 0.15%/yr for EXUS.DE.
Performance
VWCE.DE vs. EXUS.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VWCE.DE achieves a 11.72% return, which is significantly higher than EXUS.DE's 10.45% 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*
- —
EXUS.DE
- 1D
- 1.99%
- 1M
- 2.26%
- YTD
- 10.45%
- 6M
- 12.24%
- 1Y
- 22.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VWCE.DE vs. EXUS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.72% | 9.16% | 15.44% |
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD | 10.45% | 17.80% | 4.15% |
Correlation
The correlation between VWCE.DE and EXUS.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2024 | 0.79 |
The correlation between VWCE.DE and EXUS.DE has been stable across timeframes, ranging from 0.79 to 0.81 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VWCE.DE vs. EXUS.DE — Risk / Return Rank
VWCE.DE
EXUS.DE
VWCE.DE vs. EXUS.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 Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.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 | EXUS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.32 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 2.51 | +1.40 |
| Martin ratioReturn relative to average drawdown | 16.07 | 9.96 | +6.11 |
Loading charts...
Drawdowns
VWCE.DE vs. EXUS.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, which is greater than EXUS.DE's maximum drawdown of -16.21%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and EXUS.DE.
Loading charts...
Drawdown Indicators
| VWCE.DE | EXUS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -16.21% | -17.22% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -8.67% | +2.12% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | — | — |
Current DrawdownCurrent decline from peak | -1.47% | -0.03% | -1.44% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -1.78% | -2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 2.19% | -0.59% |
Volatility
VWCE.DE vs. EXUS.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.40%, while Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) has a volatility of 3.68%. This indicates that VWCE.DE experiences smaller price fluctuations and is considered to be less risky than EXUS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VWCE.DE | EXUS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 3.68% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 10.41% | -1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 12.66% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 13.46% | +0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 13.46% | +2.70% |
VWCE.DE vs. EXUS.DE - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is higher than EXUS.DE's 0.15% 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. EXUS.DE - Dividend Comparison
Neither VWCE.DE nor EXUS.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and EXUS.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXUS.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXUS.DE is cheaper with a 0.15% expense ratio, compared with 0.19% for VWCE.DE.
VWCE.DE tracks FTSE All-World Index, while EXUS.DE tracks MSCI World ex USA index. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.19% for VWCE.DE and 0.15% for EXUS.DE.
Find the right allocation for VWCE.DE and EXUS.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer