VWCG.DE vs. XESP.DE
VWCG.DE (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) and XESP.DE (Xtrackers Spanish Equity UCITS ETF) are both Europe Equities funds - VWCG.DE tracks the FTSE Developed Europe while XESP.DE tracks the Solactive Spain 40. Both are passively managed. Over the past 5 years, VWCG.DE returned 10.23%/yr vs 20.37%/yr for XESP.DE. Their correlation of 0.80 suggests significant overlap in exposure. VWCG.DE charges 0.10%/yr vs 0.30%/yr for XESP.DE.
Performance
VWCG.DE vs. XESP.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 XESP.DE's 14.86% 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*
- —
XESP.DE
- 1D
- 0.87%
- 1M
- 6.89%
- YTD
- 14.86%
- 6M
- 15.90%
- 1Y
- 48.43%
- 3Y*
- 32.37%
- 5Y*
- 20.37%
- 10Y*
- 14.03%
VWCG.DE vs. XESP.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% |
XESP.DE Xtrackers Spanish Equity UCITS ETF | 14.86% | 58.64% | 14.63% | 26.81% | -1.62% | 10.85% | -10.20% | 6.18% |
Correlation
The correlation between VWCG.DE and XESP.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 | 0.77 |
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 XESP.DE has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.
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Return for Risk
VWCG.DE vs. XESP.DE — Risk / Return Rank
VWCG.DE
XESP.DE
VWCG.DE vs. XESP.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 (XESP.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 | XESP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.51 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 4.74 | -2.40 |
| Martin ratioReturn relative to average drawdown | 9.02 | 16.84 | -7.82 |
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Drawdowns
VWCG.DE vs. XESP.DE - Drawdown Comparison
The maximum VWCG.DE drawdown since its inception was -35.70%, smaller than the maximum XESP.DE drawdown of -40.70%. Use the drawdown chart below to compare losses from any high point for VWCG.DE and XESP.DE.
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Drawdown Indicators
| VWCG.DE | XESP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.70% | -40.70% | +5.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.58% | -10.17% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -16.07% | -12.92% | -3.15% |
Max Drawdown (5Y)Largest decline over 5 years | -20.09% | -18.56% | -1.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.03% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -4.96% | -10.06% | +5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.87% | -0.38% |
Volatility
VWCG.DE vs. XESP.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 (XESP.DE) has a volatility of 4.20%. This indicates that VWCG.DE experiences smaller price fluctuations and is considered to be less risky than XESP.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 | XESP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 4.20% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 10.76% | 14.44% | -3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.95% | 17.00% | -4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.29% | 16.73% | -2.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.81% | 18.44% | -1.63% |
VWCG.DE vs. XESP.DE - Expense Ratio Comparison
VWCG.DE has a 0.10% expense ratio, which is lower than XESP.DE's 0.30% expense ratio.
Dividends
VWCG.DE vs. XESP.DE - Dividend Comparison
Neither VWCG.DE nor XESP.DE has paid dividends to shareholders.
Frequently Asked Questions
VWCG.DE and XESP.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 XESP.DE.
VWCG.DE tracks FTSE Developed Europe, while XESP.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 XESP.DE.
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