VWCE.DE vs. WTMF
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and WTMF (WisdomTree Managed Futures Strategy Fund) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while WTMF is a Hedge Fund fund tracking the WisdomTree Managed Futures Index. Both are passively managed. Over the past 5 years, VWCE.DE returned 11.89%/yr vs 7.03%/yr for WTMF. At a 0.21 correlation, their price movements are largely independent. VWCE.DE charges 0.19%/yr vs 0.65%/yr for WTMF.
Performance
VWCE.DE vs. WTMF - Performance Comparison
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Different Trading Currencies
VWCE.DE is traded in EUR, while WTMF is traded in USD. To make them comparable, the WTMF values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VWCE.DE achieves a 11.72% return, which is significantly higher than WTMF's 9.31% return.
VWCE.DE
- 1D
- 1.82%
- 1M
- 0.89%
- YTD
- 11.72%
- 6M
- 13.39%
- 1Y
- 26.35%
- 3Y*
- 17.02%
- 5Y*
- 11.89%
- 10Y*
- —
WTMF
- 1D
- 0.67%
- 1M
- -0.03%
- YTD
- 9.31%
- 6M
- 9.21%
- 1Y
- 20.37%
- 3Y*
- 6.93%
- 5Y*
- 7.03%
- 10Y*
- 2.82%
VWCE.DE vs. WTMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.72% | 9.16% | 24.41% | 18.18% | -13.47% | 28.62% | 5.36% | 7.08% |
WTMF WisdomTree Managed Futures Strategy Fund | 9.31% | -1.14% | 10.01% | 13.22% | -0.73% | 17.67% | -7.81% | -0.70% |
Correlation
The correlation between VWCE.DE and WTMF is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.21 |
Over the past year, VWCE.DE and WTMF have become more correlated (0.43) than their long-term average of 0.21, meaning their price movements have been converging.
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Return for Risk
VWCE.DE vs. WTMF — Risk / Return Rank
VWCE.DE
WTMF
VWCE.DE vs. WTMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWCE.DE) and WisdomTree Managed Futures Strategy Fund (WTMF). 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 | WTMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.38 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 3.44 | +0.47 |
| Martin ratioReturn relative to average drawdown | 16.07 | 13.64 | +2.43 |
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Drawdowns
VWCE.DE vs. WTMF - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, which is greater than WTMF's maximum drawdown of -27.33%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and WTMF.
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Drawdown Indicators
| VWCE.DE | WTMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -27.33% | -6.10% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -5.97% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -16.64% | -4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -16.64% | -4.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.62% | — |
Current DrawdownCurrent decline from peak | -1.47% | -0.52% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -12.60% | +7.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.51% | +0.09% |
Volatility
VWCE.DE vs. WTMF - Volatility Comparison
Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a higher volatility of 3.40% compared to WisdomTree Managed Futures Strategy Fund (WTMF) at 2.04%. This indicates that VWCE.DE's price experiences larger fluctuations and is considered to be riskier than WTMF 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 | WTMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 2.04% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 7.74% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 10.20% | +1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 12.20% | +1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 11.00% | +5.16% |
VWCE.DE vs. WTMF - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is lower than WTMF's 0.65% expense ratio.
Dividends
VWCE.DE vs. WTMF - Dividend Comparison
VWCE.DE has not paid dividends to shareholders, while WTMF's dividend yield for the trailing twelve months is around 2.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WTMF WisdomTree Managed Futures Strategy Fund | 2.83% | 3.04% | 3.57% | 4.74% | 5.29% | 14.71% | 0.47% | 1.63% | 3.59% |
Frequently Asked Questions
VWCE.DE and WTMF have a correlation of 0.43, 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 0.65% for WTMF.
VWCE.DE is categorized as Global Equities, while WTMF is Hedge Fund. VWCE.DE tracks FTSE All-World Index, while WTMF tracks WisdomTree Managed Futures Index. They also come from different issuers: Vanguard and WisdomTree. Their fees differ too: 0.19% for VWCE.DE and 0.65% for WTMF.
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