OriginaveSXRV (CNDX) vs VGWD: which ETF won each year?
Yearly returns side by side, one winner per year — dividends included, priced as you'd actually buy them.
Every figure here is in euros — what you'd actually pocket buying on Xetra. Fund fact sheets usually headline returns in US dollars, which can look very different: in 2025 a world tracker rose about 23% in dollars but only about 9% in euros, because the euro gained roughly 13% against the dollar. Here's the full story, year by year.
SXRV
- SXR8iShares Core S&P 500 UCITS ETF USD (Acc)tracks the S&P 500 Index
VUAAVanguard S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
SPYLSPDR S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index- SPYYSPDR MSCI ACWI UCITS ETF (Acc)tracks the MSCI ACWI Index
- SPYISPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)tracks the MSCI ACWI IMI Index
- VWCEVanguard FTSE All-World UCITS ETF (Acc)tracks the FTSE All-World Index
WEBNAmundi Prime All Country World UCITS ETF (Acc)tracks the Solactive GBS Global Markets Large & Mid Cap Index- EUNLiShares Core MSCI World UCITS ETF (Acc)tracks the MSCI World Index
- IUSQiShares MSCI ACWI UCITS ETF USD (Acc)tracks the MSCI ACWI Index
- VGVFVanguard FTSE Developed World UCITS ETF (Acc)tracks the FTSE Developed World Index
- SXRViShares Nasdaq 100 UCITS ETF (Acc)tracks the Nasdaq-100 Index
- AvantisAVWCAvantis Global Equity UCITS ETF USD Acctracks the Avantis Global Equity strategy
- DimensionalDEGCDimensional Global Core Equity UCITS ETF USD (Acc)tracks the Dimensional Global Core Equity strategy
- VGWDVanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)tracks the FTSE All-World High Dividend Yield Index
- IS3SiShares Edge MSCI World Value Factor UCITS ETFtracks the MSCI World Enhanced Value Index
- IS3RiShares Edge MSCI World Momentum Factor UCITS ETFtracks the MSCI World Momentum Index
- IS3QiShares Edge MSCI World Quality Factor UCITS ETFtracks the MSCI World Sector Neutral Quality Index
VGWD
- SXR8iShares Core S&P 500 UCITS ETF USD (Acc)tracks the S&P 500 Index
- VUAAVanguard S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
- SPYLSPDR S&P 500 UCITS ETF (Acc)tracks the S&P 500 Index
- SPYYSPDR MSCI ACWI UCITS ETF (Acc)tracks the MSCI ACWI Index
- SPYISPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)tracks the MSCI ACWI IMI Index
- VWCEVanguard FTSE All-World UCITS ETF (Acc)tracks the FTSE All-World Index
- WEBNAmundi Prime All Country World UCITS ETF (Acc)tracks the Solactive GBS Global Markets Large & Mid Cap Index
- EUNLiShares Core MSCI World UCITS ETF (Acc)tracks the MSCI World Index
- IUSQiShares MSCI ACWI UCITS ETF USD (Acc)tracks the MSCI ACWI Index
- VGVFVanguard FTSE Developed World UCITS ETF (Acc)tracks the FTSE Developed World Index
- SXRViShares Nasdaq 100 UCITS ETF (Acc)tracks the Nasdaq-100 Index
- AvantisAVWCAvantis Global Equity UCITS ETF USD Acctracks the Avantis Global Equity strategy
- DimensionalDEGCDimensional Global Core Equity UCITS ETF USD (Acc)tracks the Dimensional Global Core Equity strategy
- VGWDVanguard FTSE All-World High Dividend Yield UCITS ETF (Dist)tracks the FTSE All-World High Dividend Yield Index
- IS3SiShares Edge MSCI World Value Factor UCITS ETFtracks the MSCI World Enhanced Value Index
- IS3RiShares Edge MSCI World Momentum Factor UCITS ETFtracks the MSCI World Momentum Index
- IS3QiShares Edge MSCI World Quality Factor UCITS ETFtracks the MSCI World Sector Neutral Quality Index
SXRV tracks the Nasdaq-100 IndexVGWD tracks the FTSE All-World High Dividend Yield Index
What did the last 8 years do to €10,000?
You invest €10,000 at the start of the window and touch nothing — dividends reinvested, the running year not counted. Both funds are measured over the same 8 full years (2018–2025) — the longest stretch both were trading.
SXRV vs VGWD, year by year
Calendar-year total returns (dividends included) side by side, and who took the crown each year. A dash means the fund did not exist yet.
| Year | SXRV | VGWD | Winner |
|---|---|---|---|
| 2026 (so far) | +24.31% | +17.20% | SXRV |
| 2025 | +6.98% | +13.16% | VGWD |
| 2024 | +33.55% | +15.75% | SXRV |
| 2023 | +51.19% | +7.29% | SXRV |
| 2022 | -30.05% | +0.08% | VGWD |
| 2021 | +39.34% | +27.90% | SXRV |
| 2020 | +34.48% | -9.60% | SXRV |
| 2019 | +42.90% | +25.03% | SXRV |
| 2018 | +3.03% | -8.03% | SXRV |
| 2017 | +15.81% | +0.41% | SXRV |
| 2016 | +9.96% | — | — |
| 2015 | +21.87% | — | — |
| 2014 | +37.26% | — | — |
| 2013 | +32.30% | — | — |
| 2012 | +13.01% | — | — |
| 2011 | +5.73% | — | — |
| 2010 | -9.35% | — | — |
SXRV vs VGWD in plain words
SXRV tracks the Nasdaq-100 Index while VGWD follows the FTSE All-World High Dividend Yield Index, so they own different slices of the market and their years can look very different. SXRV charges 0.30% a year in running costs and VGWD charges 0.29% — VGWD is the cheaper fund to hold.
SXRV reinvests its dividends automatically (accumulating), while VGWD pays them out as cash (distributing). Across the 10 calendar years both funds were trading, SXRV finished the year ahead 8 times and VGWD 2 times. €10,000 invested at the start of 2018 was worth €41,681 in SXRV versus €18,700 in VGWD by the end of 2025, dividends reinvested.
CNDX is the London/Amsterdam listing of the same fund, ISIN IE00B53SZB19 — SXRV is its EUR line on Xetra.
VHYL is the London (GBP) listing of the same fund, ISIN IE00B8GKDB10 — VGWD is its EUR line on Xetra.
Fund facts: SXRV vs VGWD
| Fact | SXRV | VGWD |
|---|---|---|
| Fund | iShares Nasdaq 100 UCITS ETF (Acc) | Vanguard FTSE All-World High Dividend Yield UCITS ETF (Dist) |
| Tracks | Nasdaq-100 Index | FTSE All-World High Dividend Yield Index |
| Yearly cost (TER) | 0.30% | 0.29% |
| Dividends | Accumulating — dividends reinvested | Distributing — dividends paid out |
| Launched | 26 Jan 2010 | 21 May 2013 |
| ISIN | IE00B53SZB19 | IE00B8GKDB10 |
| WKN | A0YEDL | A1T8FV |
| Also trades as | CNDX | — |
| €10,000 invested | What €10,000 in SXRV became | What €10,000 in VGWD became |
How bumpy the ride was: SXRV vs VGWD
These head-to-head figures use only the 2,269 trading days both funds were listed: 26 Oct 2017 to 7 Oct 2026, roughly 9.0 years.
SXRV swung more than VGWD: annualised volatility of 20.5% for SXRV against 14.0% for VGWD, with SXRV moving 1% or more on 34.5% of trading days and VGWD on 15.1%. Both had their worst day on 12 Mar 2020: SXRV closed -7.25% and VGWD -9.53%.
VGWD had the deeper drawdown: it fell -34.57% from its peak on 17 Feb 2020 to a low on 23 Mar 2020, then closed back above the old peak on 18 Mar 2021, 11 months after the low; SXRV fell -31.33% from its peak on 22 Nov 2021 to a low on 28 Dec 2022, then closed back above the old peak on 22 Nov 2023, 10 months after the low.
Day to day the two often go their own way: the correlation of their daily returns is 0.68, and they closed in opposite directions on 26.5% of the 2,268 days measured. The widest single-day gap came on 2 Feb 2023, when SXRV moved +5.84% and VGWD +0.55%.
| Measure | SXRV | VGWD |
|---|---|---|
| Annualised volatility | 20.5% | 14.0% |
| Worst day | -7.25% on 12 Mar 2020 | -9.53% on 12 Mar 2020 |
| Best day | +7.96% on 24 Mar 2020 | +8.04% on 24 Mar 2020 |
| Days moving 1% or more | 34.5% of days | 15.1% of days |
| Deepest drawdown | -31.33% | -34.57% |
| Peak to trough | 22 Nov 2021 → 28 Dec 2022 | 17 Feb 2020 → 23 Mar 2020 |
| Back above the old peak | 22 Nov 2023 · 10 months | 18 Mar 2021 · 11 months |
Years SXRV and VGWD parted ways
In every one of the 9 completed calendar years both funds were trading, the two returns ended more than 5 points apart. The widest split was 2020: SXRV returned +34.48% and VGWD -9.60%, a gap of 44.1 points. They rose together in 6 years and went opposite ways in 3 years.
| Year | SXRV | VGWD | Gap (SXRV − VGWD) |
|---|---|---|---|
| 2025 | +6.98% | +13.16% | -6.2 pts |
| 2024 | +33.55% | +15.75% | +17.8 pts |
| 2023 | +51.19% | +7.29% | +43.9 pts |
| 2022 | -30.05% | +0.08% | -30.1 pts |
| 2021 | +39.34% | +27.90% | +11.4 pts |
| 2020 | +34.48% | -9.60% | +44.1 pts |
| 2019 | +42.90% | +25.03% | +17.9 pts |
| 2018 | +3.03% | -8.03% | +11.1 pts |
| 2017 | +15.81% | +0.41% | +15.4 pts |
How often SXRV beat VGWD over any 12 months
Across the 96 rolling 12-month windows since October 2017, measured month-end to month-end, SXRV finished ahead in 74.0% of them (71) and VGWD in 26.0% (25).
€200 a month into each, 2018–2025
Putting €200 into each fund at the start of every month from January 2018 to December 2025 (96 payments, €19,200 in total) would have grown to €41,797 in SXRV and €29,445 in VGWD, leaving SXRV €12,352 ahead.
| Outcome | SXRV | VGWD |
|---|---|---|
| Paid in | €19,200 | €19,200 |
| Value at the end of 2025 | €41,797 | €29,445 |
| Gain on the money paid in | +€22,597 | +€10,245 |
| Gain in % | +117.69% | +53.36% |
Each payment rides the return of the month it lands in, dividends reinvested. Only calendar years with all twelve months of data for both funds count, so the plan may start later than the shared history.
Frequently asked
Is SXRV or VGWD better?
Across the 10 calendar years both funds were trading, SXRV finished the year ahead 8 times and VGWD 2 times. €10,000 invested at the start of 2018 was worth €41,681 in SXRV versus €18,700 in VGWD by the end of 2025, dividends reinvested. Past returns don't promise future ones — but this is what actually happened.
What is the difference between SXRV and VGWD?
SXRV tracks the Nasdaq-100 Index while VGWD follows the FTSE All-World High Dividend Yield Index, so they own different slices of the market and their years can look very different. SXRV charges 0.30% a year in running costs and VGWD charges 0.29% — VGWD is the cheaper fund to hold. SXRV reinvests its dividends automatically (accumulating), while VGWD pays them out as cash (distributing).
Which is more volatile, SXRV or VGWD?
SXRV swung more than VGWD: annualised volatility of 20.5% for SXRV against 14.0% for VGWD, with SXRV moving 1% or more on 34.5% of trading days and VGWD on 15.1%. Both had their worst day on 12 Mar 2020: SXRV closed -7.25% and VGWD -9.53%.
Which had the deeper drawdown, SXRV or VGWD?
VGWD had the deeper drawdown: it fell -34.57% from its peak on 17 Feb 2020 to a low on 23 Mar 2020, then closed back above the old peak on 18 Mar 2021, 11 months after the low; SXRV fell -31.33% from its peak on 22 Nov 2021 to a low on 28 Dec 2022, then closed back above the old peak on 22 Nov 2023, 10 months after the low.
How often did SXRV beat VGWD over a 12-month period?
Across the 96 rolling 12-month windows since October 2017, measured month-end to month-end, SXRV finished ahead in 74.0% of them (71) and VGWD in 26.0% (25).
What would €10,000 in SXRV have become?
€10,000 invested in SXRV at the start of 2018 grew to €41,681 by the end of 2025, with dividends reinvested — an average of 19.5% per year.
Is CNDX the same as SXRV?
CNDX is the London/Amsterdam listing of the same fund, ISIN IE00B53SZB19 — SXRV is its EUR line on Xetra.
Related comparisons
More head-to-heads featuring SXRV or VGWD.
Source: Yahoo Finance daily adjusted closes for the EUR trading lines on Xetra, dividends reinvested. Prices through · refreshed 7 Oct 2026, 08:49 UTC. How every number is calculated.