WTES.DE vs. VGWD.DE
WTES.DE (WisdomTree Europe SmallCap Dividend UCITS ETF) and VGWD.DE (Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing) are both Dividend funds - WTES.DE tracks the WisdomTree Europe SmallCap Dividend UCITS Index Euro while VGWD.DE tracks the FTSE All-World High Dividend Yield Index. Both are passively managed. Over the past 5 years, WTES.DE returned 5.87%/yr vs 12.22%/yr for VGWD.DE. A 0.64 correlation means they provide meaningful diversification when combined. WTES.DE charges 0.38%/yr vs 0.29%/yr for VGWD.DE.
Performance
WTES.DE vs. VGWD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, WTES.DE achieves a 7.78% return, which is significantly lower than VGWD.DE's 16.14% return.
WTES.DE
- 1D
- -0.21%
- 1M
- 0.02%
- 6M
- 5.26%
- YTD
- 7.78%
- 1Y
- 11.03%
- 3Y*
- 12.58%
- 5Y*
- 5.87%
- 10Y*
- 7.78%
VGWD.DE
- 1D
- -0.16%
- 1M
- 1.80%
- 6M
- 12.06%
- YTD
- 16.14%
- 1Y
- 28.45%
- 3Y*
- 17.45%
- 5Y*
- 12.22%
- 10Y*
- —
WTES.DE vs. VGWD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTES.DE WisdomTree Europe SmallCap Dividend UCITS ETF | 7.78% | 17.37% | 5.33% | 10.89% | -15.66% | 27.92% | -4.86% | 31.22% | -18.52% | 1.55% |
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 16.14% | 13.16% | 15.75% | 7.29% | 0.08% | 27.89% | -9.60% | 25.03% | -8.03% | 1.24% |
Correlation
The correlation between WTES.DE and VGWD.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.64 |
The correlation between WTES.DE and VGWD.DE has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
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Return for Risk
WTES.DE vs. VGWD.DE — Risk / Return Rank
WTES.DE
VGWD.DE
WTES.DE vs. VGWD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe SmallCap Dividend UCITS ETF (WTES.DE) and Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.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.
| WTES.DE | VGWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.57 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 4.87 | -3.42 |
| Martin ratioReturn relative to average drawdown | 4.54 | 19.21 | -14.67 |
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Drawdowns
WTES.DE vs. VGWD.DE - Drawdown Comparison
The maximum WTES.DE drawdown since its inception was -44.21%, which is greater than VGWD.DE's maximum drawdown of -34.57%. Use the drawdown chart below to compare losses from any high point for WTES.DE and VGWD.DE.
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Drawdown Indicators
| WTES.DE | VGWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.21% | -34.57% | -9.64% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -5.82% | -2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -13.40% | -16.86% | +3.46% |
Max Drawdown (5Y)Largest decline over 5 years | -26.53% | -16.86% | -9.67% |
Max Drawdown (10Y)Largest decline over 10 years | -44.21% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -0.23% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -4.00% | -3.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 1.48% | +1.18% |
Volatility
WTES.DE vs. VGWD.DE - Volatility Comparison
WisdomTree Europe SmallCap Dividend UCITS ETF (WTES.DE) has a higher volatility of 2.81% compared to Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing (VGWD.DE) at 1.80%. This indicates that WTES.DE's price experiences larger fluctuations and is considered to be riskier than VGWD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WTES.DE | VGWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.81% | 1.80% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | 7.00% | +3.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.41% | 9.30% | +3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.70% | 11.51% | +4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 14.16% | +1.98% |
WTES.DE vs. VGWD.DE - Expense Ratio Comparison
WTES.DE has a 0.38% expense ratio, which is higher than VGWD.DE's 0.29% expense ratio.
Dividends
WTES.DE vs. VGWD.DE - Dividend Comparison
WTES.DE's dividend yield for the trailing twelve months is around 3.82%, more than VGWD.DE's 2.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGWD.DE Vanguard FTSE All-World High Dividend Yield UCITS ETF USD Distributing | 2.48% | 2.84% | 3.05% | 3.40% | 3.78% | 3.02% | 3.08% | 3.21% | 3.70% | 0.58% | 0.00% | 0.00% |
WTES.DE WisdomTree Europe SmallCap Dividend UCITS ETF | 3.82% | 4.67% | 4.81% | 4.47% | 4.24% | 2.04% | 1.78% | 3.33% | 3.67% | 2.58% | 0.40% | 2.47% |
Frequently Asked Questions
WTES.DE and VGWD.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGWD.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGWD.DE is cheaper with a 0.29% expense ratio, compared with 0.38% for WTES.DE.
WTES.DE tracks WisdomTree Europe SmallCap Dividend UCITS Index Euro, while VGWD.DE tracks FTSE All-World High Dividend Yield Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.38% for WTES.DE and 0.29% for VGWD.DE.
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