VWCE.DE vs. VGEK.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and VGEK.DE (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while VGEK.DE is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific ex Japan. Both are passively managed. Over the past 5 years, VWCE.DE returned 12.15%/yr vs 13.25%/yr for VGEK.DE. A 0.77 correlation means they provide meaningful diversification when combined. VWCE.DE charges 0.19%/yr vs 0.15%/yr for VGEK.DE.
Performance
VWCE.DE vs. VGEK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VWCE.DE achieves a 13.19% return, which is significantly lower than VGEK.DE's 52.92% return.
VWCE.DE
- 1D
- 1.32%
- 1M
- 3.24%
- YTD
- 13.19%
- 6M
- 14.70%
- 1Y
- 28.01%
- 3Y*
- 17.53%
- 5Y*
- 12.15%
- 10Y*
- —
VGEK.DE
- 1D
- 2.51%
- 1M
- 9.47%
- YTD
- 52.92%
- 6M
- 59.20%
- 1Y
- 82.62%
- 3Y*
- 25.05%
- 5Y*
- 13.25%
- 10Y*
- —
VWCE.DE vs. VGEK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 13.19% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 6.78% |
VGEK.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating | 52.92% | 25.01% | 1.00% | 6.45% | -7.38% | 9.39% | 8.24% | -4.36% |
Correlation
The correlation between VWCE.DE and VGEK.DE is 0.72, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.77 |
The correlation between VWCE.DE and VGEK.DE has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
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Return for Risk
VWCE.DE vs. VGEK.DE — Risk / Return Rank
VWCE.DE
VGEK.DE
VWCE.DE vs. VGEK.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 FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.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 | VGEK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.64 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.26 | 6.38 | -2.12 |
| Martin ratioReturn relative to average drawdown | 17.48 | 23.21 | -5.74 |
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Drawdowns
VWCE.DE vs. VGEK.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, smaller than the maximum VGEK.DE drawdown of -36.88%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and VGEK.DE.
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Drawdown Indicators
| VWCE.DE | VGEK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -36.88% | +3.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -12.88% | +6.33% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -19.67% | -1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -19.67% | -1.40% |
Current DrawdownCurrent decline from peak | -0.17% | -1.59% | +1.42% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -6.40% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 3.55% | -1.95% |
Volatility
VWCE.DE vs. VGEK.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.44%, while Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.DE) has a volatility of 10.22%. This indicates that VWCE.DE experiences smaller price fluctuations and is considered to be less risky than VGEK.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 | VGEK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.44% | 10.22% | -6.78% |
Volatility (6M)Calculated over the trailing 6-month period | 8.60% | 19.99% | -11.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.66% | 22.36% | -10.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.80% | 16.93% | -3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 20.06% | -3.90% |
VWCE.DE vs. VGEK.DE - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is higher than VGEK.DE's 0.15% 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. VGEK.DE - Dividend Comparison
Neither VWCE.DE nor VGEK.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and VGEK.DE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEK.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEK.DE is cheaper with a 0.15% expense ratio, compared with 0.19% for VWCE.DE.
VWCE.DE is categorized as Global Equities, while VGEK.DE is Asia Pacific Equities. VWCE.DE tracks FTSE All-World Index, while VGEK.DE tracks FTSE Developed Asia Pacific ex Japan. Their fees differ too: 0.19% for VWCE.DE and 0.15% for VGEK.DE.
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