OriginaveVGVF (VHVE) 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.
VGVFtracks the FTSE Developed World Index
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
AvantisAVWCtracks the Avantis Global Equity strategy
- 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
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.
VGVF 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 | VGVF | AVWC | Winner |
|---|---|---|---|
| 2026 (so far) | +13.72% | +16.36% | AVWC |
| 2025 | +8.99% | +9.08% | AVWC |
| 2024 | +24.73% | +2.94% | VGVF |
| 2023 | +20.35% | — | — |
| 2022 | -13.58% | — | — |
| 2021 | +31.62% | — | — |
| 2020 | +2.32% | — | — |
VGVF vs AVWC in plain words
VGVF tracks the FTSE Developed World Index while AVWC follows the Avantis Global 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 AVWC charges 0.22% — 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 3 calendar years both funds were trading, VGVF finished the year ahead 1 times and AVWC 2 times. €10,000 invested at the start of 2025 was worth €10,899 in VGVF versus €10,908 in AVWC by the end of 2025, dividends reinvested.
VHVE is the London (USD) listing of the same fund, ISIN IE00BK5BQV03 — VGVF 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: VGVF vs AVWC
| Fact | VGVF | AVWC |
|---|---|---|
| Fund | Vanguard FTSE Developed World UCITS ETF (Acc) | Avantis Global Equity UCITS ETF USD Acc |
| Tracks | FTSE Developed World Index | Avantis Global Equity strategy |
| Yearly cost (TER) | 0.12% | 0.22% |
| Dividends | Accumulating — dividends reinvested | Accumulating — dividends reinvested |
| Launched | 24 Sept 2019 | 25 Sept 2024 |
| ISIN | IE00BK5BQV03 | IE000RJECXS5 |
| WKN | A2PLS9 | A40GB8 |
| Also trades as | VHVE | — |
Frequently asked
Is VGVF or AVWC better?
Across the 3 calendar years both funds were trading, VGVF finished the year ahead 1 times and AVWC 2 times. €10,000 invested at the start of 2025 was worth €10,899 in VGVF 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 VGVF and AVWC?
VGVF tracks the FTSE Developed World Index while AVWC follows the Avantis Global 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 AVWC charges 0.22% — 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.
What would €10,000 in VGVF have become?
€10,000 invested in VGVF at the start of 2025 grew to €10,899 by the end of 2025, with dividends reinvested — an average of 9.0% per year.
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.
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