VWCE.DE vs. LCUJ.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and LCUJ.DE (Amundi MSCI Japan UCITS ETF Acc) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while LCUJ.DE is a Japan Equities fund tracking the MSCI Japan. Both are passively managed. Over the past 5 years, VWCE.DE returned 11.89%/yr vs 9.91%/yr for LCUJ.DE. A 0.69 correlation means they provide meaningful diversification when combined. VWCE.DE charges 0.19%/yr vs 0.12%/yr for LCUJ.DE.
Performance
VWCE.DE vs. LCUJ.DE - 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 lower than LCUJ.DE's 16.17% return.
VWCE.DE
- 1D
- 1.82%
- 1M
- 1.89%
- YTD
- 11.72%
- 6M
- 13.39%
- 1Y
- 26.35%
- 3Y*
- 17.02%
- 5Y*
- 11.89%
- 10Y*
- —
LCUJ.DE
- 1D
- 2.45%
- 1M
- 2.12%
- YTD
- 16.17%
- 6M
- 16.60%
- 1Y
- 31.88%
- 3Y*
- 14.15%
- 5Y*
- 9.91%
- 10Y*
- —
VWCE.DE vs. LCUJ.DE - 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% |
LCUJ.DE Amundi MSCI Japan UCITS ETF Acc | 16.17% | 12.72% | 13.58% | 16.52% | -12.47% | 10.03% | 5.07% | 8.79% |
Correlation
The correlation between VWCE.DE and LCUJ.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.69 |
The correlation between VWCE.DE and LCUJ.DE has been stable across timeframes, ranging from 0.65 to 0.69 - a consistent structural relationship.
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Return for Risk
VWCE.DE vs. LCUJ.DE — Risk / Return Rank
VWCE.DE
LCUJ.DE
VWCE.DE vs. LCUJ.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 Amundi MSCI Japan UCITS ETF Acc (LCUJ.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 | LCUJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.31 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 3.11 | +0.81 |
| Martin ratioReturn relative to average drawdown | 16.07 | 9.95 | +6.12 |
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Drawdowns
VWCE.DE vs. LCUJ.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, smaller than the maximum LCUJ.DE drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and LCUJ.DE.
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Drawdown Indicators
| VWCE.DE | LCUJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -99.38% | +65.95% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -10.06% | +3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -16.93% | -4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -19.11% | -1.96% |
Current DrawdownCurrent decline from peak | -1.47% | -98.52% | +97.05% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -98.36% | +93.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 3.15% | -1.55% |
Volatility
VWCE.DE vs. LCUJ.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.40%, while Amundi MSCI Japan UCITS ETF Acc (LCUJ.DE) has a volatility of 4.47%. This indicates that VWCE.DE experiences smaller price fluctuations and is considered to be less risky than LCUJ.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 | LCUJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 4.47% | -1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 15.34% | -6.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 19.13% | -7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 16.70% | -2.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 38.41% | -22.25% |
VWCE.DE vs. LCUJ.DE - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is higher than LCUJ.DE's 0.12% 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. LCUJ.DE - Dividend Comparison
Neither VWCE.DE nor LCUJ.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and LCUJ.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LCUJ.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LCUJ.DE is cheaper with a 0.12% expense ratio, compared with 0.19% for VWCE.DE.
VWCE.DE is categorized as Global Equities, while LCUJ.DE is Japan Equities. VWCE.DE tracks FTSE All-World Index, while LCUJ.DE tracks MSCI Japan. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.19% for VWCE.DE and 0.12% for LCUJ.DE.
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