VWCG.DE vs. DAXX.L
VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) and DAXX.L (Lyxor DAX (DR) UCITS ETF - Acc) are both Europe Equities funds - VWCG.DE tracks the FTSE Developed Europe while DAXX.L tracks the FSE DAX TR EUR. Both are passively managed. Over the past 5 years, VWCG.DE returned 9.96%/yr vs 9.12%/yr for DAXX.L. Their correlation of 0.82 suggests significant overlap in exposure. VWCG.DE charges 0.10%/yr vs 0.15%/yr for DAXX.L.
Performance
VWCG.DE vs. DAXX.L - Performance Comparison
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Different Trading Currencies
VWCG.DE is traded in EUR, while DAXX.L is traded in GBp. To make them comparable, the DAXX.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VWCG.DE achieves a 7.34% return, which is significantly higher than DAXX.L's 1.41% return.
VWCG.DE
- 1D
- 0.57%
- 1M
- 1.01%
- YTD
- 7.34%
- 6M
- 9.93%
- 1Y
- 16.18%
- 3Y*
- 14.09%
- 5Y*
- 9.96%
- 10Y*
- —
DAXX.L
- 1D
- 0.57%
- 1M
- -0.18%
- YTD
- 1.41%
- 6M
- 3.37%
- 1Y
- 2.13%
- 3Y*
- 15.43%
- 5Y*
- 9.12%
- 10Y*
- 8.87%
VWCG.DE vs. DAXX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% |
DAXX.L Lyxor DAX (DR) UCITS ETF - Acc | 1.41% | 21.78% | 18.64% | 19.60% | -12.45% | 14.55% | 3.71% | 10.71% |
Correlation
The correlation between VWCG.DE and DAXX.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2019 | 0.82 |
The correlation between VWCG.DE and DAXX.L has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.
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Return for Risk
VWCG.DE vs. DAXX.L — Risk / Return Rank
VWCG.DE
DAXX.L
VWCG.DE vs. DAXX.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) and Lyxor DAX (DR) UCITS ETF - Acc (DAXX.L). 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.
| VWCG.DE | DAXX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.04 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 0.19 | +1.51 |
| Martin ratioReturn relative to average drawdown | 6.40 | 0.60 | +5.80 |
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
| VWCG.DE | DAXX.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.15 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.53 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.41 | +0.23 |
Drawdowns
VWCG.DE vs. DAXX.L - Drawdown Comparison
The maximum VWCG.DE drawdown since its inception was -35.68%, smaller than the maximum DAXX.L drawdown of -39.44%. Use the drawdown chart below to compare losses from any high point for VWCG.DE and DAXX.L.
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Drawdown Indicators
| VWCG.DE | DAXX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.68% | -39.44% | +3.76% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -12.38% | +2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -16.07% | -15.94% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -20.10% | -26.76% | +6.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.44% | — |
Current DrawdownCurrent decline from peak | -1.51% | -2.24% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -5.10% | -7.80% | +2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 3.96% | -1.41% |
Volatility
VWCG.DE vs. DAXX.L - Volatility Comparison
The current volatility for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) is 4.33%, while Lyxor DAX (DR) UCITS ETF - Acc (DAXX.L) has a volatility of 4.87%. This indicates that VWCG.DE experiences smaller price fluctuations and is considered to be less risky than DAXX.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWCG.DE | DAXX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.87% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 10.64% | 12.43% | -1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.91% | 15.55% | -2.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.29% | 17.10% | -2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | 18.51% | -1.42% |
VWCG.DE vs. DAXX.L - Expense Ratio Comparison
VWCG.DE has a 0.10% expense ratio, which is lower than DAXX.L's 0.15% 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
VWCG.DE vs. DAXX.L - Dividend Comparison
Neither VWCG.DE nor DAXX.L has paid dividends to shareholders.
Frequently Asked Questions
VWCG.DE and DAXX.L have a correlation of 0.83, 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 0.15% for DAXX.L.
VWCG.DE tracks FTSE Developed Europe, while DAXX.L tracks FSE DAX TR EUR. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.10% for VWCG.DE and 0.15% for DAXX.L.
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