VWCE.DE vs. VVSM.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and VVSM.DE (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index. Both are passively managed. Over the past 5 years, VWCE.DE returned 12.28%/yr vs 38.05%/yr for VVSM.DE. A 0.77 correlation means they provide meaningful diversification when combined. VWCE.DE charges 0.19%/yr vs 0.35%/yr for VVSM.DE.
Performance
VWCE.DE vs. VVSM.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 lower than VVSM.DE's 86.02% return.
VWCE.DE
- 1D
- -0.21%
- 1M
- 3.58%
- YTD
- 12.64%
- 6M
- 13.04%
- 1Y
- 25.83%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
VVSM.DE
- 1D
- -2.77%
- 1M
- 14.51%
- YTD
- 86.02%
- 6M
- 83.36%
- 1Y
- 162.30%
- 3Y*
- 56.95%
- 5Y*
- 38.05%
- 10Y*
- —
VWCE.DE vs. VVSM.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% | 1.67% |
VVSM.DE VanEck Semiconductor UCITS ETF | 86.02% | 33.22% | 31.47% | 70.16% | -32.77% | 58.37% | 1.38% |
Correlation
The correlation between VWCE.DE and VVSM.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2020 | 0.77 |
The correlation between VWCE.DE and VVSM.DE has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.
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Return for Risk
VWCE.DE vs. VVSM.DE — Risk / Return Rank
VWCE.DE
VVSM.DE
VWCE.DE vs. VVSM.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 VanEck Semiconductor UCITS ETF (VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.68 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 14.16 | -10.15 |
| Martin ratioReturn relative to average drawdown | 16.55 | 48.94 | -32.39 |
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 | VVSM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 5.17 | -2.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 1.21 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 1.24 | -0.45 |
Drawdowns
VWCE.DE vs. VVSM.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, smaller than the maximum VVSM.DE drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and VVSM.DE.
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Drawdown Indicators
| VWCE.DE | VVSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -37.64% | +4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -11.65% | +5.10% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -37.53% | +16.46% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -37.64% | +16.57% |
Current DrawdownCurrent decline from peak | -0.66% | -2.77% | +2.11% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -10.22% | +5.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 3.38% | -1.79% |
Volatility
VWCE.DE vs. VVSM.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.06%, while VanEck Semiconductor UCITS ETF (VVSM.DE) has a volatility of 12.04%. This indicates that VWCE.DE experiences smaller price fluctuations and is considered to be less risky than VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 12.04% | -8.98% |
Volatility (6M)Calculated over the trailing 6-month period | 8.18% | 24.35% | -16.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 31.92% | -20.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.75% | 31.15% | -17.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 30.81% | -14.65% |
VWCE.DE vs. VVSM.DE - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is lower than VVSM.DE's 0.35% expense ratio.
Dividends
VWCE.DE vs. VVSM.DE - Dividend Comparison
Neither VWCE.DE nor VVSM.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and VVSM.DE have a correlation of 0.76, 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 0.35% for VVSM.DE.
VWCE.DE is categorized as Global Equities, while VVSM.DE is Semiconductors. VWCE.DE tracks FTSE All-World Index, while VVSM.DE tracks MVIS US Listed Semiconductor 10% Capped ESG Index. They also come from different issuers: Vanguard and VanEck. Their fees differ too: 0.19% for VWCE.DE and 0.35% for VVSM.DE.
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