VWCE.DE vs. MVEW.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds - VWCE.DE tracks the FTSE All-World Index while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, VWCE.DE returned 12.28%/yr vs 6.47%/yr for MVEW.DE. A 0.73 correlation means they provide meaningful diversification when combined. VWCE.DE charges 0.19%/yr vs 0.30%/yr for MVEW.DE.
Performance
VWCE.DE vs. MVEW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VWCE.DE achieves a 12.64% return, which is significantly higher than MVEW.DE's 1.17% return.
VWCE.DE
- 1D
- -0.21%
- 1M
- 5.01%
- YTD
- 12.64%
- 6M
- 13.33%
- 1Y
- 26.41%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
MVEW.DE
- 1D
- 0.07%
- 1M
- 1.79%
- YTD
- 1.17%
- 6M
- 1.16%
- 1Y
- 0.46%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
VWCE.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.64% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 21.21% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 6.27% | -5.98% | 26.26% | 1.55% |
Correlation
The correlation between VWCE.DE and MVEW.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.73 |
Over the past year, the correlation between VWCE.DE and MVEW.DE has dropped to 0.39 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
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Return for Risk
VWCE.DE vs. MVEW.DE — Risk / Return Rank
VWCE.DE
MVEW.DE
VWCE.DE vs. MVEW.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 iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.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.
| VWCE.DE | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.25 | ||
| Sortino ratioReturn per unit of downside risk | +3.10 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.02 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 0.10 | +3.92 |
| Martin ratioReturn relative to average drawdown | 16.55 | 0.20 | +16.35 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VWCE.DE | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 0.06 | +2.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.62 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.63 | +0.16 |
Drawdowns
VWCE.DE vs. MVEW.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, which is greater than MVEW.DE's maximum drawdown of -13.19%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and MVEW.DE.
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Drawdown Indicators
| VWCE.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -13.19% | -20.24% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -4.68% | -1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -13.19% | -7.88% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -13.19% | -7.88% |
Current DrawdownCurrent decline from peak | -0.66% | -5.75% | +5.09% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -3.83% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 2.27% | -0.68% |
Volatility
VWCE.DE vs. MVEW.DE - Volatility Comparison
Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a higher volatility of 3.06% compared to iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) (MVEW.DE) at 2.58%. This indicates that VWCE.DE's price experiences larger fluctuations and is considered to be riskier than MVEW.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 | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 2.58% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 8.18% | 5.42% | +2.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 7.97% | +3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.75% | 10.25% | +3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 10.82% | +5.34% |
VWCE.DE vs. MVEW.DE - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is lower than MVEW.DE's 0.30% expense ratio.
Dividends
VWCE.DE vs. MVEW.DE - Dividend Comparison
Neither VWCE.DE nor MVEW.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and MVEW.DE have a correlation of 0.39, 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 MVEW.DE.
VWCE.DE tracks FTSE All-World Index, while MVEW.DE tracks MSCI ACWI NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.19% for VWCE.DE and 0.30% for MVEW.DE.
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