VWCE.DE vs. VWCG.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while VWCG.DE is a Europe Equities fund tracking the FTSE Developed Europe. Both are passively managed. Over the past 5 years, VWCE.DE returned 12.28%/yr vs 9.96%/yr for VWCG.DE. A 0.80 correlation means they provide meaningful diversification when combined. VWCE.DE charges 0.19%/yr vs 0.10%/yr for VWCG.DE.
Performance
VWCE.DE vs. VWCG.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 VWCG.DE's 7.34% 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*
- —
VWCG.DE
- 1D
- 0.57%
- 1M
- 1.01%
- YTD
- 7.34%
- 6M
- 9.93%
- 1Y
- 16.18%
- 3Y*
- 14.09%
- 5Y*
- 9.96%
- 10Y*
- —
VWCE.DE vs. VWCG.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% | 10.97% |
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 7.34% | 20.45% | 8.94% | 16.07% | -9.71% | 24.74% | -2.59% | 11.39% |
Correlation
The correlation between VWCE.DE and VWCG.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 | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2019 | 0.80 |
The correlation between VWCE.DE and VWCG.DE has been stable across timeframes, ranging from 0.73 to 0.80 - a consistent structural relationship.
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Return for Risk
VWCE.DE vs. VWCG.DE — Risk / Return Rank
VWCE.DE
VWCG.DE
VWCE.DE vs. VWCG.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 Europe UCITS ETF (EUR) Accumulating (VWCG.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 | VWCG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.24 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 1.70 | +2.31 |
| Martin ratioReturn relative to average drawdown | 16.55 | 6.40 | +10.15 |
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 | VWCG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 1.26 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.69 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.64 | +0.15 |
Drawdowns
VWCE.DE vs. VWCG.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, smaller than the maximum VWCG.DE drawdown of -35.68%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and VWCG.DE.
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Drawdown Indicators
| VWCE.DE | VWCG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -35.68% | +2.25% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -9.58% | +3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -16.07% | -5.00% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -20.10% | -0.97% |
Current DrawdownCurrent decline from peak | -0.66% | -1.51% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -5.10% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 2.55% | -0.96% |
Volatility
VWCE.DE vs. VWCG.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.06%, while Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) has a volatility of 4.33%. This indicates that VWCE.DE experiences smaller price fluctuations and is considered to be less risky than VWCG.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 | VWCG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 4.33% | -1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 8.18% | 10.64% | -2.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 12.91% | -1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.75% | 14.29% | -0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 17.09% | -0.93% |
VWCE.DE vs. VWCG.DE - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is higher than VWCG.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. VWCG.DE - Dividend Comparison
Neither VWCE.DE nor VWCG.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and VWCG.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, VWCG.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCG.DE is cheaper with a 0.10% expense ratio, compared with 0.19% for VWCE.DE.
VWCE.DE is categorized as Global Equities, while VWCG.DE is Europe Equities. VWCE.DE tracks FTSE All-World Index, while VWCG.DE tracks FTSE Developed Europe. Their fees differ too: 0.19% for VWCE.DE and 0.10% for VWCG.DE.
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