VWCE.DE vs. VAGF.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while VAGF.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). Both are passively managed. Over the past 5 years, VWCE.DE returned 12.28%/yr vs -1.66%/yr for VAGF.DE. At a 0.02 correlation, their price movements are largely independent. VWCE.DE charges 0.19%/yr vs 0.10%/yr for VAGF.DE.
Performance
VWCE.DE vs. VAGF.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 VAGF.DE's -0.68% return.
VWCE.DE
- 1D
- -0.21%
- 1M
- 3.63%
- YTD
- 12.64%
- 6M
- 12.84%
- 1Y
- 26.31%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
VAGF.DE
- 1D
- 0.09%
- 1M
- -0.28%
- YTD
- -0.68%
- 6M
- -0.37%
- 1Y
- 1.16%
- 3Y*
- 2.04%
- 5Y*
- -1.66%
- 10Y*
- —
VWCE.DE vs. VAGF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.64% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 8.01% |
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.68% | 3.23% | 0.82% | 4.53% | -14.84% | -2.97% | 5.07% | 0.27% |
Correlation
The correlation between VWCE.DE and VAGF.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.02 |
Over the past year, VWCE.DE and VAGF.DE have become more correlated (0.25) than their long-term average of 0.02, meaning their price movements have been converging.
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Return for Risk
VWCE.DE vs. VAGF.DE — Risk / Return Rank
VWCE.DE
VAGF.DE
VWCE.DE vs. VAGF.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 Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.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 | VAGF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.06 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 0.38 | +3.63 |
| Martin ratioReturn relative to average drawdown | 16.55 | 1.06 | +15.49 |
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 | VAGF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 0.33 | +1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | -0.33 | +1.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | -0.17 | +0.96 |
Drawdowns
VWCE.DE vs. VAGF.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, which is greater than VAGF.DE's maximum drawdown of -19.57%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and VAGF.DE.
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Drawdown Indicators
| VWCE.DE | VAGF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -19.57% | -13.86% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -3.11% | -3.44% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -4.45% | -16.62% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -18.79% | -2.28% |
Current DrawdownCurrent decline from peak | -0.66% | -10.73% | +10.07% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -8.99% | +4.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.13% | +0.46% |
Volatility
VWCE.DE vs. VAGF.DE - Volatility Comparison
Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a higher volatility of 3.06% compared to Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) at 1.55%. This indicates that VWCE.DE's price experiences larger fluctuations and is considered to be riskier than VAGF.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 | VAGF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 1.55% | +1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 8.18% | 2.98% | +5.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 3.63% | +7.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.75% | 4.90% | +8.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 4.71% | +11.45% |
VWCE.DE vs. VAGF.DE - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is higher than VAGF.DE's 0.10% 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. VAGF.DE - Dividend Comparison
Neither VWCE.DE nor VAGF.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and VAGF.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGF.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGF.DE is cheaper with a 0.10% expense ratio, compared with 0.19% for VWCE.DE.
VWCE.DE is categorized as Global Equities, while VAGF.DE is Global Bonds. VWCE.DE tracks FTSE All-World Index, while VAGF.DE tracks Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). Their fees differ too: 0.19% for VWCE.DE and 0.10% for VAGF.DE.
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