OriginaveVGVF (VHVE) vs DEGC: 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.
VGVF
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
DimensionalDEGC
- 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
VGVF tracks the FTSE Developed World Index
VGVF vs DEGC, 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 | VGVF | DEGC | Winner |
|---|---|---|---|
| 2026 (so far) | +17.03% | +15.71% | VGVF |
| 2025 | +8.99% | +1.95% | VGVF |
| 2024 | +24.73% | — | — |
| 2023 | +20.35% | — | — |
| 2022 | -13.58% | — | — |
| 2021 | +31.62% | — | — |
| 2020 | +2.32% | — | — |
VGVF vs DEGC in plain words
VGVF tracks the FTSE Developed World Index while DEGC follows the Dimensional Global Core Equity strategy, so they own different slices of the market and their years can look very different. VGVF charges 0.12% a year in running costs and DEGC charges 0.26% — VGVF is the cheaper fund to hold.
Both are accumulating funds: dividends are reinvested inside the fund and show up as a higher share price, never as a payout. Across the 2 calendar years both funds were trading, VGVF finished the year ahead 2 times and DEGC 0 times.
VHVE is the London (USD) listing of the same fund, ISIN IE00BK5BQV03 — VGVF is its EUR line on Xetra.
Actively managed: it weights developed-market companies towards low valuations, high profitability and smaller size rather than following an index, and measures itself against the MSCI World.
Fund facts: VGVF vs DEGC
| Fact | VGVF | DEGC |
|---|---|---|
| Fund | Vanguard FTSE Developed World UCITS ETF (Acc) | Dimensional Global Core Equity UCITS ETF USD (Acc) |
| Tracks | FTSE Developed World Index | Dimensional Global Core Equity strategy |
| Yearly cost (TER) | 0.12% | 0.26% |
| Dividends | Accumulating — dividends reinvested | Accumulating — dividends reinvested |
| Launched | 24 Sept 2019 | 12 Nov 2025 |
| ISIN | IE00BK5BQV03 | IE000EGGFVG6 |
| WKN | A2PLS9 | A41E9T |
| Also trades as | VHVE | — |
| €10,000 invested | What €10,000 in VGVF became | What €10,000 in DEGC became |
How bumpy the ride was: VGVF vs DEGC
These head-to-head figures use only the 218 trading days both funds were listed: 24 Nov 2025 to 7 Oct 2026, 10 months.
VGVF swung more than DEGC: annualised volatility of 11.0% for VGVF against 9.2% for DEGC, with VGVF moving 1% or more on 17.1% of trading days and DEGC on 8.8%. VGVF's worst day was -1.64% on 19 Mar 2026; DEGC's was -1.80% on 9 Mar 2026.
VGVF had the deeper drawdown: it fell -6.28% from its peak on 25 Feb 2026 to a low on 27 Mar 2026, then closed back above the old peak on 15 Apr 2026, under a month after the low; DEGC fell -5.49% from its peak on 2 Mar 2026 to a low on 27 Mar 2026, then closed back above the old peak on 16 Apr 2026, under a month after the low.
Day to day the two usually move together: the correlation of their daily returns is 0.92, and they closed in opposite directions on 11.1% of the 217 days measured. The widest single-day gap came on 8 Apr 2026, when VGVF moved +2.73% and DEGC +1.60%.
| Measure | VGVF | DEGC |
|---|---|---|
| Annualised volatility | 11.0% | 9.2% |
| Worst day | -1.64% on 19 Mar 2026 | -1.80% on 9 Mar 2026 |
| Best day | +2.73% on 8 Apr 2026 | +1.70% on 1 Apr 2026 |
| Days moving 1% or more | 17.1% of days | 8.8% of days |
| Deepest drawdown | -6.28% | -5.49% |
| Peak to trough | 25 Feb 2026 → 27 Mar 2026 | 2 Mar 2026 → 27 Mar 2026 |
| Back above the old peak | 15 Apr 2026 · under a month | 16 Apr 2026 · under a month |
Years VGVF and DEGC parted ways
In the one completed calendar year both funds were trading, the two returns ended more than 5 points apart. In 2025, VGVF returned +8.99% and DEGC +1.95%, a gap of 7.0 points. They rose together in 1 year.
| Year | VGVF | DEGC | Gap (VGVF − DEGC) |
|---|---|---|---|
| 2025 | +8.99% | +1.95% | +7.0 pts |
Frequently asked
Is VGVF or DEGC better?
Across the 2 calendar years both funds were trading, VGVF finished the year ahead 2 times and DEGC 0 times. Past returns don't promise future ones — but this is what actually happened.
What is the difference between VGVF and DEGC?
VGVF tracks the FTSE Developed World Index while DEGC follows the Dimensional Global Core Equity strategy, so they own different slices of the market and their years can look very different. VGVF charges 0.12% a year in running costs and DEGC charges 0.26% — VGVF is the cheaper fund to hold. Both are accumulating funds: dividends are reinvested inside the fund and show up as a higher share price, never as a payout.
Which is more volatile, VGVF or DEGC?
VGVF swung more than DEGC: annualised volatility of 11.0% for VGVF against 9.2% for DEGC, with VGVF moving 1% or more on 17.1% of trading days and DEGC on 8.8%. VGVF's worst day was -1.64% on 19 Mar 2026; DEGC's was -1.80% on 9 Mar 2026.
Which had the deeper drawdown, VGVF or DEGC?
VGVF had the deeper drawdown: it fell -6.28% from its peak on 25 Feb 2026 to a low on 27 Mar 2026, then closed back above the old peak on 15 Apr 2026, under a month after the low; DEGC fell -5.49% from its peak on 2 Mar 2026 to a low on 27 Mar 2026, then closed back above the old peak on 16 Apr 2026, under a month after the low.
Is VHVE the same as VGVF?
VHVE is the London (USD) listing of the same fund, ISIN IE00BK5BQV03 — VGVF is its EUR line on Xetra.
Related comparisons
More head-to-heads featuring VGVF or DEGC.
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.