VWCE.DE vs. VGVF.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and VGVF.DE (Vanguard FTSE Developed World UCITS ETF Acc) are both Global Equities funds from Vanguard - VWCE.DE tracks the FTSE All-World Index while VGVF.DE tracks the FTSE Developed. Both are passively managed. Over the past 5 years, VWCE.DE returned 12.28%/yr vs 13.14%/yr for VGVF.DE. With a 0.97 correlation, they move nearly in lockstep. VWCE.DE charges 0.19%/yr vs 0.12%/yr for VGVF.DE.
Performance
VWCE.DE vs. VGVF.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with VWCE.DE having a 12.64% return and VGVF.DE slightly lower at 12.58%.
VWCE.DE
- 1D
- -0.21%
- 1M
- 3.63%
- YTD
- 12.64%
- 6M
- 12.84%
- 1Y
- 26.31%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
VGVF.DE
- 1D
- -0.15%
- 1M
- 3.98%
- YTD
- 12.58%
- 6M
- 12.87%
- 1Y
- 26.34%
- 3Y*
- 18.25%
- 5Y*
- 13.14%
- 10Y*
- —
VWCE.DE vs. VGVF.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% | 3.25% |
VGVF.DE Vanguard FTSE Developed World UCITS ETF Acc | 12.58% | 8.99% | 24.73% | 20.35% | -13.58% | 31.62% | 3.27% |
Correlation
The correlation between VWCE.DE and VGVF.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2020 | 0.97 |
The correlation between VWCE.DE and VGVF.DE has been stable across timeframes, ranging from 0.95 to 0.99 - a consistent structural relationship.
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Return for Risk
VWCE.DE vs. VGVF.DE — Risk / Return Rank
VWCE.DE
VGVF.DE
VWCE.DE vs. VGVF.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 World UCITS ETF Acc (VGVF.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 | VGVF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.44 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 4.19 | -0.17 |
| Martin ratioReturn relative to average drawdown | 16.55 | 17.27 | -0.72 |
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 | VGVF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 2.34 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.93 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.79 | 0.00 |
Drawdowns
VWCE.DE vs. VGVF.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, roughly equal to the maximum VGVF.DE drawdown of -33.54%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and VGVF.DE.
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Drawdown Indicators
| VWCE.DE | VGVF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -33.54% | +0.11% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -6.28% | -0.27% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -21.17% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -21.17% | +0.10% |
Current DrawdownCurrent decline from peak | -0.66% | -0.55% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -4.91% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.53% | +0.06% |
Volatility
VWCE.DE vs. VGVF.DE - Volatility Comparison
Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a higher volatility of 3.06% compared to Vanguard FTSE Developed World UCITS ETF Acc (VGVF.DE) at 2.86%. This indicates that VWCE.DE's price experiences larger fluctuations and is considered to be riskier than VGVF.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 | VGVF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 2.86% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 8.18% | 8.02% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 11.22% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.75% | 13.96% | -0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 16.23% | -0.07% |
VWCE.DE vs. VGVF.DE - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is higher than VGVF.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. VGVF.DE - Dividend Comparison
Neither VWCE.DE nor VGVF.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, VWCE.DE and VGVF.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VGVF.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGVF.DE is cheaper with a 0.12% expense ratio, compared with 0.19% for VWCE.DE.
VWCE.DE tracks FTSE All-World Index, while VGVF.DE tracks FTSE Developed. Their fees differ too: 0.19% for VWCE.DE and 0.12% for VGVF.DE.
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