OriginaveVGWD vs AVWC: 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.
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
AvantisAVWC
- 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 tracks the FTSE All-World High Dividend Yield Index
What did the last 1 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 1 full years (2025–2025) — the longest stretch both were trading.
VGWD vs AVWC, 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 | VGWD | AVWC | Winner |
|---|---|---|---|
| 2026 (so far) | +18.56% | +16.88% | VGWD |
| 2025 | +13.16% | +9.08% | VGWD |
| 2024 | +15.75% | +2.94% | VGWD |
| 2023 | +7.29% | — | — |
| 2022 | +0.08% | — | — |
| 2021 | +27.90% | — | — |
| 2020 | -9.60% | — | — |
| 2019 | +25.03% | — | — |
| 2018 | -8.03% | — | — |
| 2017 | +0.41% | — | — |
VGWD vs AVWC in plain words
VGWD tracks the FTSE All-World High Dividend Yield Index while AVWC follows the Avantis Global Equity strategy, so they own different slices of the market and their years can look very different. VGWD charges 0.29% a year in running costs and AVWC charges 0.22% — AVWC is the cheaper fund to hold.
AVWC reinvests its dividends automatically (accumulating), while VGWD pays them out as cash (distributing). Across the 3 calendar years both funds were trading, VGWD finished the year ahead 3 times and AVWC 0 times. €10,000 invested at the start of 2025 was worth €11,316 in VGWD versus €10,908 in AVWC by the end of 2025, dividends reinvested.
VHYL is the London (GBP) listing of the same fund, ISIN IE00B8GKDB10 — VGWD is its EUR line on Xetra.
Actively managed: it tilts a broad developed-market portfolio towards cheaper, more profitable and smaller companies rather than following an index, and measures itself against the MSCI World IMI.
Fund facts: VGWD vs AVWC
| Fact | VGWD | AVWC |
|---|---|---|
| Fund | Vanguard FTSE All-World High Dividend Yield UCITS ETF (Dist) | Avantis Global Equity UCITS ETF USD Acc |
| Tracks | FTSE All-World High Dividend Yield Index | Avantis Global Equity strategy |
| Yearly cost (TER) | 0.29% | 0.22% |
| Dividends | Distributing — dividends paid out | Accumulating — dividends reinvested |
| Launched | 21 May 2013 | 25 Sept 2024 |
| ISIN | IE00B8GKDB10 | IE000RJECXS5 |
| WKN | A1T8FV | A40GB8 |
| €10,000 invested | What €10,000 in VGWD became | What €10,000 in AVWC became |
How bumpy the ride was: VGWD vs AVWC
These head-to-head figures use only the 483 trading days both funds were listed: 14 Oct 2024 to 14 Sept 2026, roughly 1.9 years.
AVWC swung more than VGWD: annualised volatility of 11.6% for VGWD against 14.4% for AVWC, with VGWD moving 1% or more on 9.3% of trading days and AVWC on 16.6%. VGWD's worst day was -4.62% on 9 Apr 2025; AVWC's was -5.26% on 3 Apr 2025.
AVWC had the deeper drawdown: it fell -21.65% from its peak on 18 Feb 2025 to a low on 9 Apr 2025, then closed back above the old peak on 6 Oct 2025, 5 months after the low; VGWD fell -16.86% from its peak on 3 Mar 2025 to a low on 9 Apr 2025, then closed back above the old peak on 1 Oct 2025, 5 months after the low.
Day to day the two usually move together: the correlation of their daily returns is 0.89, and they closed in opposite directions on 18.0% of the 482 days measured. The widest single-day gap came on 6 Nov 2024, when VGWD moved +1.99% and AVWC +3.63%.
| Measure | VGWD | AVWC |
|---|---|---|
| Annualised volatility | 11.6% | 14.4% |
| Worst day | -4.62% on 9 Apr 2025 | -5.26% on 3 Apr 2025 |
| Best day | +2.95% on 10 Apr 2025 | +3.79% on 10 Apr 2025 |
| Days moving 1% or more | 9.3% of days | 16.6% of days |
| Deepest drawdown | -16.86% | -21.65% |
| Peak to trough | 3 Mar 2025 → 9 Apr 2025 | 18 Feb 2025 → 9 Apr 2025 |
| Back above the old peak | 1 Oct 2025 · 5 months | 6 Oct 2025 · 5 months |
Years VGWD and AVWC parted ways
In 1 of the 2 completed calendar years both funds were trading, the two returns ended more than 5 points apart. The widest split was 2024: VGWD returned +15.75% and AVWC +2.94%, a gap of 12.8 points. They rose together in 2 years.
| Year | VGWD | AVWC | Gap (VGWD − AVWC) |
|---|---|---|---|
| 2024 | +15.75% | +2.94% | +12.8 pts |
€200 a month into each, 2025–2025
Putting €200 into each fund at the start of every month from January 2025 to December 2025 (12 payments, €2,400 in total) would have grown to €2,605 in VGWD and €2,608 in AVWC, leaving AVWC €3 ahead.
| Outcome | VGWD | AVWC |
|---|---|---|
| Paid in | €2,400 | €2,400 |
| Value at the end of 2025 | €2,605 | €2,608 |
| Gain on the money paid in | +€205 | +€208 |
| Gain in % | +8.52% | +8.66% |
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 VGWD or AVWC better?
Across the 3 calendar years both funds were trading, VGWD finished the year ahead 3 times and AVWC 0 times. €10,000 invested at the start of 2025 was worth €11,316 in VGWD versus €10,908 in AVWC 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 VGWD and AVWC?
VGWD tracks the FTSE All-World High Dividend Yield Index while AVWC follows the Avantis Global Equity strategy, so they own different slices of the market and their years can look very different. VGWD charges 0.29% a year in running costs and AVWC charges 0.22% — AVWC is the cheaper fund to hold. AVWC reinvests its dividends automatically (accumulating), while VGWD pays them out as cash (distributing).
Which is more volatile, VGWD or AVWC?
AVWC swung more than VGWD: annualised volatility of 11.6% for VGWD against 14.4% for AVWC, with VGWD moving 1% or more on 9.3% of trading days and AVWC on 16.6%. VGWD's worst day was -4.62% on 9 Apr 2025; AVWC's was -5.26% on 3 Apr 2025.
Which had the deeper drawdown, VGWD or AVWC?
AVWC had the deeper drawdown: it fell -21.65% from its peak on 18 Feb 2025 to a low on 9 Apr 2025, then closed back above the old peak on 6 Oct 2025, 5 months after the low; VGWD fell -16.86% from its peak on 3 Mar 2025 to a low on 9 Apr 2025, then closed back above the old peak on 1 Oct 2025, 5 months after the low.
What would €10,000 in VGWD have become?
€10,000 invested in VGWD at the start of 2025 grew to €11,316 by the end of 2025, with dividends reinvested — an average of 13.2% per year.
Related comparisons
More head-to-heads featuring VGWD or AVWC.
Source: Yahoo Finance daily adjusted closes for the EUR trading lines on Xetra, dividends reinvested. Prices through · refreshed 14 Sept 2026, 12:02 UTC. How every number is calculated.