VWRA.L vs. DBXP.DE
VWRA.L (Vanguard FTSE All-World UCITS ETF USD Accumulating) and DBXP.DE (Xtrackers Eurozone Government Bond 1-3 UCITS ETF) are both exchange-traded funds - VWRA.L is a Global Equities fund tracking the FTSE All-World Index, while DBXP.DE is a European Government Bonds fund tracking the iBoxx® EUR Eurozone 1-3. Both are passively managed. Over the past 5 years, VWRA.L returned 10.91%/yr vs -0.22%/yr for DBXP.DE. At a 0.29 correlation, their price movements are largely independent. VWRA.L charges 0.22%/yr vs 0.15%/yr for DBXP.DE.
Performance
VWRA.L vs. DBXP.DE - Performance Comparison
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Different Trading Currencies
VWRA.L is traded in USD, while DBXP.DE is traded in EUR. To make them comparable, the DBXP.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VWRA.L achieves a 10.21% return, which is significantly higher than DBXP.DE's -1.31% return.
VWRA.L
- 1D
- 2.32%
- 1M
- 0.88%
- YTD
- 10.21%
- 6M
- 11.90%
- 1Y
- 25.71%
- 3Y*
- 19.80%
- 5Y*
- 10.91%
- 10Y*
- —
DBXP.DE
- 1D
- 0.05%
- 1M
- -0.83%
- YTD
- -1.31%
- 6M
- -1.06%
- 1Y
- 0.86%
- 3Y*
- 5.09%
- 5Y*
- -0.22%
- 10Y*
- 0.57%
VWRA.L vs. DBXP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWRA.L Vanguard FTSE All-World UCITS ETF USD Accumulating | 10.21% | 22.45% | 17.65% | 22.28% | -18.11% | 18.46% | 16.19% | 7.42% |
DBXP.DE Xtrackers Eurozone Government Bond 1-3 UCITS ETF | -1.31% | 15.39% | -2.90% | 6.68% | -9.90% | -8.62% | 9.58% | -0.29% |
Correlation
The correlation between VWRA.L and DBXP.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019 | 0.29 |
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Return for Risk
VWRA.L vs. DBXP.DE — Risk / Return Rank
VWRA.L
DBXP.DE
VWRA.L vs. DBXP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) and Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.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.
| VWRA.L | DBXP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.77 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.03 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 0.15 | +2.76 |
| Martin ratioReturn relative to average drawdown | 11.88 | 0.37 | +11.51 |
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Drawdowns
VWRA.L vs. DBXP.DE - Drawdown Comparison
The maximum VWRA.L drawdown since its inception was -33.62%, roughly equal to the maximum DBXP.DE drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for VWRA.L and DBXP.DE.
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Drawdown Indicators
| VWRA.L | DBXP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.62% | -34.37% | +0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -5.61% | -3.17% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -8.04% | -8.22% |
Max Drawdown (5Y)Largest decline over 5 years | -26.06% | -24.81% | -1.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.54% | — |
Current DrawdownCurrent decline from peak | -1.98% | -13.75% | +11.77% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -14.40% | +9.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 2.35% | -0.19% |
Volatility
VWRA.L vs. DBXP.DE - Volatility Comparison
Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) has a higher volatility of 4.38% compared to Xtrackers Eurozone Government Bond 1-3 UCITS ETF (DBXP.DE) at 1.57%. This indicates that VWRA.L's price experiences larger fluctuations and is considered to be riskier than DBXP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWRA.L | DBXP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 1.57% | +2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 4.86% | +5.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.74% | 6.71% | +6.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.39% | 7.83% | +7.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.25% | 7.53% | +9.72% |
VWRA.L vs. DBXP.DE - Expense Ratio Comparison
VWRA.L has a 0.22% expense ratio, which is higher than DBXP.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VWRA.L vs. DBXP.DE - Dividend Comparison
Neither VWRA.L nor DBXP.DE has paid dividends to shareholders.
Frequently Asked Questions
VWRA.L and DBXP.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXP.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXP.DE is cheaper with a 0.15% expense ratio, compared with 0.22% for VWRA.L.
VWRA.L is categorized as Global Equities, while DBXP.DE is European Government Bonds. VWRA.L tracks FTSE All-World Index, while DBXP.DE tracks iBoxx® EUR Eurozone 1-3. They also come from different issuers: Vanguard and Xtrackers. Their fees differ too: 0.22% for VWRA.L and 0.15% for DBXP.DE.
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