VWCE: Vanguard FTSE All-World UCITS ETF (Acc) returns, drawdowns and risk
Global equity funds: developed markets only (MSCI World) or developed plus emerging (FTSE All-World, MSCI ACWI). Accumulating share class; the distributing one is VWRL. Also listed in Milan.
Data updated October 2026
VWCE · Xetra · EURCategory: World and all-world ETFsData from July 2019
From July 2019 to October 2026 VWCE returned 12.7% a year on average with dividends reinvested, in euros: €10,000 invested at the start grew to €23,783.
Its deepest fall was 33.4%, from February 2020 to March 2020, and it took about 11 months to get back to the previous high. Annual volatility was 18.6%; at the last close it was 1.5% below its high.
Against SWDA (iShares Core MSCI World UCITS ETF (Acc)), over the 87 months both have data, the correlation of monthly returns was 0.98: they moved almost in lockstep. Beta was 0.92. In months when SWDA rose, VWCE moved 93% as much on average; in months when SWDA fell, 91% as much.
Key figures
- Annual return (CAGR)
- +12.7%
- 1-year return
- +22.0%
- 5 years, a year
- +11.5%
- 10 years, a year
- —
- Annual volatility
- 18.6%
- Maximum drawdown
- −33.4%
- Sharpe ratio
- 0.68
- Worst year
- 2022: −13.5%
Trailing returns
| Period | VWCE | SWDA |
|---|---|---|
| 1 year | +22.0% | +21.4% |
| 3 years, a year | +19.5% | +19.5% |
| 5 years, a year | +11.5% | +11.9% |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of €10,000: VWCE vs SWDA
Month-end values from August 2019, the first month both funds have data.
VWCE drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | VWCE | SWDA |
|---|---|---|
| 2026(partial) | +17.5% | +16.9% |
| 2025 | +9.2% | +7.6% |
| 2024 | +24.4% | +27.0% |
| 2023 | +18.2% | +19.8% |
| 2022 | −13.5% | −13.9% |
| 2021 | +28.6% | +32.9% |
| 2020 | +5.4% | +6.2% |
| 2019(partial) | +7.6% | — |
VWCE compared
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of VWCE?
From July 2019 to October 2026 VWCE returned 12.7% a year on average (CAGR) with dividends reinvested, in EUR. Over the last 5 years: +11.5% a year. Over the last 12 months: +22.0%.
What was the worst drawdown of VWCE?
33.4%, from February 2020 to March 2020; it took about 11 months from the previous high to get back to it.
How volatile is VWCE?
Annual volatility was 18.6% over the period. Its worst month was −11.3% and 63% of months were positive. Worst calendar year: 2022 (−13.5%).
How closely does VWCE follow SWDA?
Over 87 months the correlation of monthly returns was 0.98, so they moved almost in lockstep, with a beta of 0.92.
Use VWCE in a free tool
Other World and all-world ETFs
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.