VWCG.DE vs. DFEU.L
VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) and DFEU.L (iShares Europe Defence UCITS ETF EUR Accumulating) are both exchange-traded funds - VWCG.DE is a Europe Equities fund tracking the FTSE Developed Europe, while DFEU.L is a Aerospace & Defense fund tracking the STOXX Europe Targeted Defence Index. Both are passively managed. At a 0.39 correlation, their price movements are largely independent. VWCG.DE charges 0.10%/yr vs 0.35%/yr for DFEU.L.
Performance
VWCG.DE vs. DFEU.L - Performance Comparison
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Different Trading Currencies
VWCG.DE is traded in EUR, while DFEU.L is traded in GBP. To make them comparable, the DFEU.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 8.96% return, which is significantly higher than DFEU.L's 4.78% return.
VWCG.DE
- 1D
- 1.89%
- 1M
- 3.14%
- YTD
- 8.96%
- 6M
- 11.76%
- 1Y
- 19.41%
- 3Y*
- 14.33%
- 5Y*
- 10.01%
- 10Y*
- —
DFEU.L
- 1D
- 0.00%
- 1M
- 5.69%
- YTD
- 4.78%
- 6M
- 6.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VWCG.DE vs. DFEU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 8.96% | 10.36% |
DFEU.L iShares Europe Defence UCITS ETF EUR Accumulating | 4.78% | -15.55% |
Correlation
The correlation between VWCG.DE and DFEU.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 7, 2025 | 0.39 |
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Return for Risk
VWCG.DE vs. DFEU.L — Risk / Return Rank
VWCG.DE
DFEU.L
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VWCG.DE vs. DFEU.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 iShares Europe Defence UCITS ETF EUR Accumulating (DFEU.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.
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.
| VWCG.DE | DFEU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | — | — |
| Martin ratioReturn relative to average drawdown | 7.33 | — | — |
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Drawdowns
VWCG.DE vs. DFEU.L - Drawdown Comparison
The maximum VWCG.DE drawdown since its inception was -35.70%, which is greater than DFEU.L's maximum drawdown of -24.20%. Use the drawdown chart below to compare losses from any high point for VWCG.DE and DFEU.L.
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Drawdown Indicators
| VWCG.DE | DFEU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.70% | -24.20% | -11.50% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -16.07% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.09% | — | — |
Current DrawdownCurrent decline from peak | -0.03% | -13.66% | +13.63% |
Average DrawdownAverage peak-to-trough decline | -4.98% | -11.43% | +6.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | — | — |
Volatility
VWCG.DE vs. DFEU.L - Volatility Comparison
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Volatility by Period
| VWCG.DE | DFEU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.24% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.80% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.05% | 38.88% | -25.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.31% | 38.88% | -24.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.85% | 38.88% | -22.03% |
VWCG.DE vs. DFEU.L - Expense Ratio Comparison
VWCG.DE has a 0.10% expense ratio, which is lower than DFEU.L's 0.35% expense ratio.
Dividends
VWCG.DE vs. DFEU.L - Dividend Comparison
Neither VWCG.DE nor DFEU.L has paid dividends to shareholders.
Frequently Asked Questions
VWCG.DE and DFEU.L have a correlation of 0.39, 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 0.35% for DFEU.L.
VWCG.DE is categorized as Europe Equities, while DFEU.L is Aerospace & Defense. VWCG.DE tracks FTSE Developed Europe, while DFEU.L tracks STOXX Europe Targeted Defence Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VWCG.DE and 0.35% for DFEU.L.
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