VWCE.DE vs. VGWE.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and VGWE.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while VGWE.DE is a Dividend fund tracking the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, VWCE.DE returned 12.28%/yr vs 11.47%/yr for VGWE.DE. Their correlation of 0.82 suggests significant overlap in exposure. VWCE.DE charges 0.19%/yr vs 0.29%/yr for VGWE.DE.
Performance
VWCE.DE vs. VGWE.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 VGWE.DE slightly lower at 12.43%.
VWCE.DE
- 1D
- -0.21%
- 1M
- 5.01%
- YTD
- 12.64%
- 6M
- 13.33%
- 1Y
- 26.41%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
VGWE.DE
- 1D
- 0.23%
- 1M
- 3.30%
- YTD
- 12.43%
- 6M
- 14.13%
- 1Y
- 24.76%
- 3Y*
- 15.83%
- 5Y*
- 11.47%
- 10Y*
- —
VWCE.DE vs. VGWE.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% | 12.26% |
VGWE.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc | 12.43% | 12.81% | 15.59% | 7.89% | 0.02% | 27.83% | 6.23% |
Correlation
The correlation between VWCE.DE and VGWE.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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2020 | 0.82 |
The correlation between VWCE.DE and VGWE.DE shifts across timeframes, from 0.72 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VWCE.DE vs. VGWE.DE — Risk / Return Rank
VWCE.DE
VGWE.DE
VWCE.DE vs. VGWE.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 All-World High Dividend Yield UCITS ETF USD Acc (VGWE.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 | VGWE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.47 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 4.11 | -0.09 |
| Martin ratioReturn relative to average drawdown | 16.55 | 15.82 | +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 | VGWE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 2.60 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.99 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 1.10 | -0.31 |
Drawdowns
VWCE.DE vs. VGWE.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, which is greater than VGWE.DE's maximum drawdown of -16.43%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and VGWE.DE.
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Drawdown Indicators
| VWCE.DE | VGWE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -16.43% | -17.00% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -6.00% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -16.43% | -4.64% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -16.43% | -4.64% |
Current DrawdownCurrent decline from peak | -0.66% | -0.37% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -2.37% | -2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.56% | +0.03% |
Volatility
VWCE.DE vs. VGWE.DE - Volatility Comparison
Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a higher volatility of 3.06% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Acc (VGWE.DE) at 2.38%. This indicates that VWCE.DE's price experiences larger fluctuations and is considered to be riskier than VGWE.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 | VGWE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 2.38% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 8.18% | 7.18% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 9.47% | +1.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.75% | 11.51% | +2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 12.23% | +3.93% |
VWCE.DE vs. VGWE.DE - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is lower than VGWE.DE's 0.29% expense ratio.
Dividends
VWCE.DE vs. VGWE.DE - Dividend Comparison
Neither VWCE.DE nor VGWE.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and VGWE.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, 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 0.29% for VGWE.DE.
VWCE.DE is categorized as Global Equities, while VGWE.DE is Dividend. VWCE.DE tracks FTSE All-World Index, while VGWE.DE tracks FTSE All-World High Dividend Yield Index. Their fees differ too: 0.19% for VWCE.DE and 0.29% for VGWE.DE.
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