VWCE.DE vs. XCMC.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and XCMC.DE (Xtrackers Bloomberg Commodity Swap UCITS ETF 1C) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while XCMC.DE is a Commodities fund tracking the Bloomberg Commodity 3 Month Forward. Both are passively managed. Over the past 3 years, VWCE.DE returned 17.85%/yr vs 11.29%/yr for XCMC.DE. At a 0.18 correlation, their price movements are largely independent. Both charge a 0.19% expense ratio.
Performance
VWCE.DE vs. XCMC.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 XCMC.DE's 28.51% return.
VWCE.DE
- 1D
- -0.21%
- 1M
- 5.01%
- YTD
- 12.64%
- 6M
- 13.33%
- 1Y
- 26.41%
- 3Y*
- 17.85%
- 5Y*
- 12.28%
- 10Y*
- —
XCMC.DE
- 1D
- -1.20%
- 1M
- -1.31%
- YTD
- 28.51%
- 6M
- 19.96%
- 1Y
- 29.14%
- 3Y*
- 11.29%
- 5Y*
- —
- 10Y*
- —
VWCE.DE vs. XCMC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.64% | 9.16% | 24.41% | 18.18% | -13.47% | 2.59% |
XCMC.DE Xtrackers Bloomberg Commodity Swap UCITS ETF 1C | 28.51% | -2.66% | 11.92% | -9.34% | 24.84% | -11.32% |
Correlation
The correlation between VWCE.DE and XCMC.DE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2021 | 0.18 |
The correlation between VWCE.DE and XCMC.DE shifts across timeframes, from -0.03 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VWCE.DE vs. XCMC.DE — Risk / Return Rank
VWCE.DE
XCMC.DE
VWCE.DE vs. XCMC.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 Xtrackers Bloomberg Commodity Swap UCITS ETF 1C (XCMC.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 | XCMC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.32 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | 3.72 | +0.29 |
| Martin ratioReturn relative to average drawdown | 16.55 | 8.44 | +8.11 |
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 | XCMC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 1.66 | +0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.44 | +0.34 |
Drawdowns
VWCE.DE vs. XCMC.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, which is greater than XCMC.DE's maximum drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and XCMC.DE.
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Drawdown Indicators
| VWCE.DE | XCMC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -22.91% | -10.52% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -7.80% | +1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -14.82% | -6.25% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | — | — |
Current DrawdownCurrent decline from peak | -0.66% | -3.42% | +2.76% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -12.68% | +7.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 3.45% | -1.86% |
Volatility
VWCE.DE vs. XCMC.DE - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.06%, while Xtrackers Bloomberg Commodity Swap UCITS ETF 1C (XCMC.DE) has a volatility of 4.94%. This indicates that VWCE.DE experiences smaller price fluctuations and is considered to be less risky than XCMC.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 | XCMC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 4.94% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 8.18% | 15.31% | -7.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.37% | 17.48% | -6.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.75% | 17.33% | -3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 17.33% | -1.17% |
VWCE.DE vs. XCMC.DE - Expense Ratio Comparison
Both VWCE.DE and XCMC.DE have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VWCE.DE vs. XCMC.DE - Dividend Comparison
Neither VWCE.DE nor XCMC.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and XCMC.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.19% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE and XCMC.DE have the same expense ratio: 0.19% per year.
VWCE.DE is categorized as Global Equities, while XCMC.DE is Commodities. VWCE.DE tracks FTSE All-World Index, while XCMC.DE tracks Bloomberg Commodity 3 Month Forward. They also come from different issuers: Vanguard and Xtrackers.
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