Why Vanguard FTSE All-World UCITS ETF USD Accumulation moves
Vanguard FTSE All-World ETF fell without company news.
Written after the close on ·
Why today
15,876 news analyzed todayVanguard FTSE All-World ETF fell without company news.
The move was very big, about five times a normal day for the fund.
Trading was well above its usual level, about double a normal session.
Over the last five trading days the fund fell sharply, while the DAX rose slightly, so it moved against the market.
Its latest price is well above its lowest level of the past year, but still below its high from early October.
Today's move of −2.28% was 5.5 times a normal day's 0.4%. DAX moved −0.43% on the same day.
Vanguard FTSE All-World UCITS ETF USD Accumulation −2.28%DAX −0.43%Much weaker than the market
What followed similar falls?
Including reinvested dividends, Vanguard FTSE All-World UCITS ETF USD Accumulation fell 3.2% over the latest five trading days. Since July 29, 2019, falls at least this large were followed by a higher value 21 trading days later in 14 out of 20 non-overlapping periods. The median was +3.3%, against +1.7% for an ordinary 21-day period, which ended higher 70 times in 100.
Such a fall has not said much about the next month.
+3.3% · 14/20
10,000 EUR in Vanguard FTSE All-World UCITS ETF USD Accumulation bought on July 29, 2019 is worth 23,100 EUR today, with dividends reinvested.
The same amount in DAX with dividends would have become 21,200 EUR.
What would 10,000 EUR in Vanguard FTSE All-World UCITS ETF USD Accumulation be worth today? →
What would 10,000 EUR in Vanguard FTSE All-World UCITS ETF USD Accumulation be worth today?
23,100 EUR
with dividends reinvested, bought on July 29, 2019. The same amount in DAX with dividends would have become 21,200 EUR.
At worst it was worth 7,610 EUR (March 23, 2020).
The five biggest days of the journey
· −9.4% · the whole market fell 12.2% the same day
· +8.4% · the whole market rose 11.0% the same day
· −6.9% · the whole market fell 7.9% the same day
· −6.0% · the whole market fell 2.1% the same day
· −4.7% · the whole market fell 3.0% the same day
Earlier days
+1.07% market +2.22% Vanguard FTSE All-World ETF rose without a company-news explanation. Read →
Vanguard FTSE All-World ETF rose without a company-news explanation.
The DAX rose sharply too, so the fund moved slightly less than the market.
Trading volume was about twice its usual level, which points to heavier buying and selling than normal.
−1.48% market −0.78% Vanguard FTSE All-World ETF fell without company news. Read →
Vanguard FTSE All-World ETF fell without company news.
Vanguard FTSE All-World UCITS ETF USD Accumulation fell very sharply in the last session, far more than the DAX, which also fell clearly.
There was no news about this fund, so no specific event explains the drop.
The move was about four times a normal day for this fund, and moves that big happened only about six times in the past year.
+0.99% market +0.71% Vanguard FTSE All-World UCITS ETF USD Accumulation rose with the market. Read →
Vanguard FTSE All-World UCITS ETF USD Accumulation rose with the market.
Vanguard FTSE All-World UCITS ETF USD Accumulation rose sharply in the last session, while the DAX rose only slightly, so it moved in line with the market.
There was no news about Vanguard FTSE All-World UCITS ETF USD Accumulation in this period.
Over the last five trading days it rose slightly, in line with the DAX.
As a fund tracking shares worldwide, it mostly moves with global stock markets, interest rate expectations and the currency it is priced in.
−0.67% market −1.72% Vanguard FTSE All-World UCITS ETF USD Accumulation edged lower over the past five trading days. Read →
Vanguard FTSE All-World UCITS ETF USD Accumulation edged lower over the past five trading days.
The fund has had no company news in this period, so the move came from the market.
Over the same days the DAX fell clearly, and this fund moved less than the market.
Broad market weakness likely pulled the fund down slightly.
−1.19% market −1.07% Vanguard FTSE All-World ETF fell sharply; no company news explains it. Read →
Vanguard FTSE All-World ETF fell sharply; no company news explains it.
Vanguard FTSE All-World UCITS ETF USD Accumulation fell sharply in the last session, in line with the DAX, which also fell clearly.
Over the last five trading days it fell clearly, while the DAX was roughly unchanged.
There is no company news for this fund, since it holds shares of companies across many countries.
The most likely driver is broad market selling, which hits a global index fund like this one.