VWCE.DE vs. IUSG
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and IUSG (iShares Core S&P U.S. Growth ETF) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while IUSG is a Large Cap Growth Equities fund tracking the S&P 900 Growth Index. Both are passively managed. Over the past 5 years, VWCE.DE returned 11.89%/yr vs 15.60%/yr for IUSG. A 0.56 correlation means they provide meaningful diversification when combined. VWCE.DE charges 0.19%/yr vs 0.04%/yr for IUSG.
Performance
VWCE.DE vs. IUSG - Performance Comparison
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Different Trading Currencies
VWCE.DE is traded in EUR, while IUSG is traded in USD. To make them comparable, the IUSG values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with VWCE.DE having a 11.72% return and IUSG slightly higher at 11.88%.
VWCE.DE
- 1D
- 1.82%
- 1M
- 0.89%
- YTD
- 11.72%
- 6M
- 13.39%
- 1Y
- 26.35%
- 3Y*
- 17.02%
- 5Y*
- 11.89%
- 10Y*
- —
IUSG
- 1D
- 0.44%
- 1M
- -1.67%
- YTD
- 11.88%
- 6M
- 12.64%
- 1Y
- 29.09%
- 3Y*
- 22.44%
- 5Y*
- 15.60%
- 10Y*
- 17.25%
VWCE.DE vs. IUSG - 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% |
IUSG iShares Core S&P U.S. Growth ETF | 11.88% | 6.85% | 43.59% | 25.40% | -24.40% | 41.08% | 21.71% | 5.28% |
Correlation
The correlation between VWCE.DE and IUSG is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.56 |
The correlation between VWCE.DE and IUSG shifts across timeframes, from 0.56 (all time) to 0.66 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VWCE.DE vs. IUSG — Risk / Return Rank
VWCE.DE
IUSG
VWCE.DE vs. IUSG - 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 Core S&P U.S. Growth ETF (IUSG). 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 | IUSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.30 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 2.33 | +1.58 |
| Martin ratioReturn relative to average drawdown | 16.07 | 8.22 | +7.85 |
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Drawdowns
VWCE.DE vs. IUSG - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, smaller than the maximum IUSG drawdown of -45.82%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and IUSG.
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Drawdown Indicators
| VWCE.DE | IUSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -45.82% | +12.39% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -12.02% | +5.47% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -27.11% | +6.04% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -27.11% | +6.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.84% | — |
Current DrawdownCurrent decline from peak | -1.47% | -3.82% | +2.35% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -7.91% | +3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 3.41% | -1.81% |
Volatility
VWCE.DE vs. IUSG - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.40%, while iShares Core S&P U.S. Growth ETF (IUSG) has a volatility of 5.42%. This indicates that VWCE.DE experiences smaller price fluctuations and is considered to be less risky than IUSG 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 | IUSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 5.42% | -2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 12.29% | -3.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 16.31% | -4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 20.66% | -6.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 20.80% | -4.64% |
VWCE.DE vs. IUSG - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is higher than IUSG's 0.04% 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. IUSG - Dividend Comparison
VWCE.DE has not paid dividends to shareholders, while IUSG's dividend yield for the trailing twelve months is around 0.49%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUSG iShares Core S&P U.S. Growth ETF | 0.49% | 0.53% | 0.59% | 1.12% | 1.07% | 0.59% | 0.93% | 1.64% | 1.32% | 1.28% | 1.48% | 1.29% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VWCE.DE and IUSG have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUSG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUSG is cheaper with a 0.04% expense ratio, compared with 0.19% for VWCE.DE.
VWCE.DE is categorized as Global Equities, while IUSG is Large Cap Growth Equities. VWCE.DE tracks FTSE All-World Index, while IUSG tracks S&P 900 Growth Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.19% for VWCE.DE and 0.04% for IUSG.
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