VWCE.DE vs. XDEW.DE
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and XDEW.DE (Xtrackers S&P 500 Equal Weight UCITS ETF 1C) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while XDEW.DE is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 5 years, VWCE.DE returned 11.89%/yr vs 9.29%/yr for XDEW.DE. Their correlation of 0.86 suggests significant overlap in exposure. VWCE.DE charges 0.19%/yr vs 0.20%/yr for XDEW.DE.
Performance
VWCE.DE vs. XDEW.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 11.72% return and XDEW.DE slightly lower at 11.42%.
VWCE.DE
- 1D
- 1.82%
- 1M
- 1.89%
- YTD
- 11.72%
- 6M
- 13.39%
- 1Y
- 26.35%
- 3Y*
- 17.02%
- 5Y*
- 11.89%
- 10Y*
- —
XDEW.DE
- 1D
- 1.44%
- 1M
- 5.26%
- YTD
- 11.42%
- 6M
- 11.62%
- 1Y
- 20.08%
- 3Y*
- 11.73%
- 5Y*
- 9.29%
- 10Y*
- 11.46%
VWCE.DE vs. XDEW.DE - 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% |
XDEW.DE Xtrackers S&P 500 Equal Weight UCITS ETF 1C | 11.42% | -0.46% | 18.66% | 10.08% | -6.94% | 41.59% | 1.18% | 5.84% |
Correlation
The correlation between VWCE.DE and XDEW.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 | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019 | 0.86 |
The correlation between VWCE.DE and XDEW.DE shifts across timeframes, from 0.72 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VWCE.DE vs. XDEW.DE — Risk / Return Rank
VWCE.DE
XDEW.DE
VWCE.DE vs. XDEW.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 S&P 500 Equal Weight UCITS ETF 1C (XDEW.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.
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 | XDEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.33 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 3.92 | -0.01 |
| Martin ratioReturn relative to average drawdown | 16.07 | 11.96 | +4.11 |
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Drawdowns
VWCE.DE vs. XDEW.DE - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, smaller than the maximum XDEW.DE drawdown of -38.79%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and XDEW.DE.
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Drawdown Indicators
| VWCE.DE | XDEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -38.79% | +5.36% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -5.06% | -1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -22.70% | +1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -22.70% | +1.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.79% | — |
Current DrawdownCurrent decline from peak | -1.47% | 0.00% | -1.47% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -5.37% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 1.66% | -0.06% |
Volatility
VWCE.DE vs. XDEW.DE - Volatility Comparison
Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a higher volatility of 3.40% compared to Xtrackers S&P 500 Equal Weight UCITS ETF 1C (XDEW.DE) at 2.32%. This indicates that VWCE.DE's price experiences larger fluctuations and is considered to be riskier than XDEW.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 | XDEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 2.32% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 6.82% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 10.80% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 14.90% | -1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 16.84% | -0.68% |
VWCE.DE vs. XDEW.DE - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is lower than XDEW.DE's 0.20% expense ratio. Despite the difference, 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. XDEW.DE - Dividend Comparison
Neither VWCE.DE nor XDEW.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and XDEW.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 0.20% for XDEW.DE.
VWCE.DE is categorized as Global Equities, while XDEW.DE is S&P 500. VWCE.DE tracks FTSE All-World Index, while XDEW.DE tracks S&P 500 Equal Weight Index. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.19% for VWCE.DE and 0.20% for XDEW.DE.
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