VWCG.DE vs. XESD.DE
VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) and XESD.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - VWCG.DE tracks the FTSE Developed Europe while XESD.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, VWCG.DE returned 10.23%/yr vs 20.35%/yr for XESD.DE. Their correlation of 0.80 suggests significant overlap in exposure. VWCG.DE charges 0.10%/yr vs 0.30%/yr for XESD.DE.
Performance
VWCG.DE vs. XESD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VWCG.DE achieves a 10.13% return, which is significantly lower than XESD.DE's 14.69% return.
VWCG.DE
- 1D
- 0.58%
- 1M
- 2.24%
- YTD
- 10.13%
- 6M
- 10.87%
- 1Y
- 22.51%
- 3Y*
- 15.60%
- 5Y*
- 10.23%
- 10Y*
- —
XESD.DE
- 1D
- 0.62%
- 1M
- 6.78%
- YTD
- 14.69%
- 6M
- 15.76%
- 1Y
- 47.75%
- 3Y*
- 32.29%
- 5Y*
- 20.35%
- 10Y*
- 14.01%
VWCG.DE vs. XESD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 10.13% | 20.44% | 8.96% | 16.07% | -9.83% | 24.91% | -2.57% | 7.53% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 14.69% | 58.72% | 14.57% | 26.76% | -1.63% | 10.91% | -10.10% | 6.12% |
Correlation
The correlation between VWCG.DE and XESD.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019 | 0.80 |
The correlation between VWCG.DE and XESD.DE has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
VWCG.DE vs. XESD.DE — Risk / Return Rank
VWCG.DE
XESD.DE
VWCG.DE vs. XESD.DE - 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 Xtrackers Spanish Equity UCITS ETF (XESD.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.
| VWCG.DE | XESD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.50 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 4.62 | -2.29 |
| Martin ratioReturn relative to average drawdown | 9.02 | 16.31 | -7.29 |
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Drawdowns
VWCG.DE vs. XESD.DE - Drawdown Comparison
The maximum VWCG.DE drawdown since its inception was -35.70%, smaller than the maximum XESD.DE drawdown of -38.76%. Use the drawdown chart below to compare losses from any high point for VWCG.DE and XESD.DE.
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Drawdown Indicators
| VWCG.DE | XESD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.70% | -38.76% | +3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -10.28% | +0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -16.07% | -12.49% | -3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -20.09% | -18.55% | -1.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.76% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.18% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -8.46% | +3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.92% | -0.43% |
Volatility
VWCG.DE vs. XESD.DE - Volatility Comparison
The current volatility for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VWCG.DE) is 2.82%, while Xtrackers Spanish Equity UCITS ETF (XESD.DE) has a volatility of 4.05%. This indicates that VWCG.DE experiences smaller price fluctuations and is considered to be less risky than XESD.DE 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 | XESD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 4.05% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 10.76% | 14.41% | -3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.95% | 17.06% | -4.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.29% | 16.77% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 18.49% | -1.68% |
VWCG.DE vs. XESD.DE - Expense Ratio Comparison
VWCG.DE has a 0.10% expense ratio, which is lower than XESD.DE's 0.30% expense ratio.
Dividends
VWCG.DE vs. XESD.DE - Dividend Comparison
VWCG.DE has not paid dividends to shareholders, while XESD.DE's dividend yield for the trailing twelve months is around 2.34%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWCG.DE Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XESD.DE Xtrackers Spanish Equity UCITS ETF | 2.34% | 2.43% | 3.14% | 2.56% | 3.98% | 1.51% | 4.30% | 3.35% | 4.48% | 2.51% | 1.14% | 0.42% |
Frequently Asked Questions
VWCG.DE and XESD.DE have a correlation of 0.80, 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 0.30% for XESD.DE.
VWCG.DE tracks FTSE Developed Europe, while XESD.DE tracks Solactive Spain 40. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.10% for VWCG.DE and 0.30% for XESD.DE.
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