VWCE.DE vs. LYTR.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and LYTR.DE (Amundi Bloomberg Equal-Weight Commodity Ex-Agriculture UCITS ETF Acc) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while LYTR.DE is a Commodities fund tracking the Bloomberg Energy and Metals Equal-Weighted. Both are passively managed. Over the past 5 years, VWCE.DE returned 11.75%/yr vs 14.89%/yr for LYTR.DE. At a 0.27 correlation, their price movements are largely independent. VWCE.DE charges 0.19%/yr vs 0.30%/yr for LYTR.DE.
Performance
VWCE.DE vs. LYTR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VWCE.DE achieves a 12.91% return, which is significantly lower than LYTR.DE's 18.70% return.
VWCE.DE
- 1D
- -0.36%
- 1M
- 1.00%
- YTD
- 12.91%
- 6M
- 13.38%
- 1Y
- 27.21%
- 3Y*
- 18.35%
- 5Y*
- 11.75%
- 10Y*
- —
LYTR.DE
- 1D
- 0.85%
- 1M
- -9.80%
- YTD
- 18.70%
- 6M
- 21.20%
- 1Y
- 45.80%
- 3Y*
- 17.11%
- 5Y*
- 14.89%
- 10Y*
- 7.78%
VWCE.DE vs. LYTR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.91% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 7.08% |
LYTR.DE Amundi Bloomberg Equal-Weight Commodity Ex-Agriculture UCITS ETF Acc | 18.70% | 17.59% | 13.34% | -15.11% | 27.02% | 52.42% | -19.47% | 4.74% |
Correlation
The correlation between VWCE.DE and LYTR.DE is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.27 |
Over the past year, the correlation between VWCE.DE and LYTR.DE has dropped to 0.02 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
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Return for Risk
VWCE.DE vs. LYTR.DE — Risk / Return Rank
VWCE.DE
LYTR.DE
VWCE.DE vs. LYTR.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 Bloomberg Equal-Weight Commodity Ex-Agriculture UCITS ETF Acc (LYTR.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 | LYTR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.35 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 3.27 | +0.87 |
| Martin ratioReturn relative to average drawdown | 16.98 | 11.51 | +5.47 |
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Drawdowns
VWCE.DE vs. LYTR.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, smaller than the maximum LYTR.DE drawdown of -67.76%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and LYTR.DE.
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Drawdown Indicators
| VWCE.DE | LYTR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -67.76% | +34.33% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -13.95% | +7.40% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -17.04% | -4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -30.28% | +9.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.61% | — |
Current DrawdownCurrent decline from peak | -1.11% | -13.23% | +12.12% |
Average DrawdownAverage peak-to-trough decline | -4.66% | -32.82% | +28.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 3.97% | -2.37% |
Volatility
VWCE.DE vs. LYTR.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.43%, while Amundi Bloomberg Equal-Weight Commodity Ex-Agriculture UCITS ETF Acc (LYTR.DE) has a volatility of 4.59%. This indicates that VWCE.DE experiences smaller price fluctuations and is considered to be less risky than LYTR.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 | LYTR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 4.59% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.47% | 20.59% | -12.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.65% | 22.63% | -10.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.81% | 19.46% | -5.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 18.36% | -2.22% |
VWCE.DE vs. LYTR.DE - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is lower than LYTR.DE's 0.30% expense ratio.
Dividends
VWCE.DE vs. LYTR.DE - Dividend Comparison
Neither VWCE.DE nor LYTR.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and LYTR.DE have a correlation of 0.02, 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 0.30% for LYTR.DE.
VWCE.DE is categorized as Global Equities, while LYTR.DE is Commodities. VWCE.DE tracks FTSE All-World Index, while LYTR.DE tracks Bloomberg Energy and Metals Equal-Weighted. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.19% for VWCE.DE and 0.30% for LYTR.DE.
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