PACW.L vs. VEVE.L

Last updated Jul 18, 2026

PACW.L (Amundi Prime All Country World UCITS ETF Income) and VEVE.L (Vanguard FTSE Developed World UCITS ETF (USD) Distributing) are both Global Equities funds - PACW.L tracks the Solactive GBS Global Markets Large & Mid Cap Index while VEVE.L tracks the FTSE Developed Index. Both are passively managed. Over the past year, PACW.L returned 22.47% vs 21.38% for VEVE.L. With a 0.97 correlation, they move nearly in lockstep. PACW.L charges 0.07%/yr vs 0.12%/yr for VEVE.L.

Performance

PACW.L vs. VEVE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi Prime All Country World UCITS ETF Income (PACW.L) and Vanguard FTSE Developed World UCITS ETF (USD) Distributing (VEVE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PACW.L achieves a 10.95% return, which is significantly higher than VEVE.L's 10.05% return.

PACW.L

• 1D: 0.00%
• 1M: -1.26%
• 6M: 8.28%
• YTD: 10.95%
• 1Y: 22.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VEVE.L

• 1D: -0.98%
• 1M: -2.08%
• 6M: 7.61%
• YTD: 10.05%
• 1Y: 21.38%
• 3Y*: 17.63%
• 5Y*: 12.06%
• 10Y*: 12.69%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PACW.L vs. VEVE.L - Yearly Performance Comparison

	2026 (YTD)	2025
PACW.L Amundi Prime All Country World UCITS ETF Income	10.95%	9.40%
VEVE.L Vanguard FTSE Developed World UCITS ETF (USD) Distributing	10.05%	9.07%

Correlation

The correlation between PACW.L and VEVE.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (All Time) Calculated using the full available price history since Feb 18, 2025	0.97

The correlation between PACW.L and VEVE.L has been stable across timeframes, ranging from 0.97 to 0.97 - a consistent structural relationship.

Return for Risk

PACW.L vs. VEVE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PACW.L

PACW.L Risk / Return Rank: 80
PACW.L Sharpe Ratio Rank: 80
PACW.L Sortino Ratio Rank: 79
PACW.L Omega Ratio Rank: 81
PACW.L Calmar Ratio Rank: 78
PACW.L Martin Ratio Rank: 82

VEVE.L

VEVE.L Risk / Return Rank: 78
VEVE.L Sharpe Ratio Rank: 77
VEVE.L Sortino Ratio Rank: 77
VEVE.L Omega Ratio Rank: 79
VEVE.L Calmar Ratio Rank: 76
VEVE.L Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PACW.L vs. VEVE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi Prime All Country World UCITS ETF Income (PACW.L) and Vanguard FTSE Developed World UCITS ETF (USD) Distributing (VEVE.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PACW.L	VEVE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.02	1.97	+0.05
Sortino ratio: Return per unit of downside risk	2.81	2.75	+0.06
Omega ratio: Gain probability vs. loss probability	1.38	1.37	+0.01
Calmar ratio: Return relative to maximum drawdown	3.20	3.07	+0.13
Martin ratio: Return relative to average drawdown	12.37	12.01	+0.36

PACW.L vs. VEVE.L - Sharpe Ratio Comparison

The current PACW.L Sharpe Ratio is 2.02, which is comparable to the VEVE.L Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of PACW.L and VEVE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PACW.L vs. VEVE.L - Drawdown Comparison

The maximum PACW.L drawdown since its inception was -17.74%, smaller than the maximum VEVE.L drawdown of -25.53%. Use the drawdown chart below to compare losses from any high point for PACW.L and VEVE.L.

Drawdown Indicators

	PACW.L	VEVE.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.74%	-25.53%	+7.79%
Max Drawdown (1Y) Largest decline over 1 year	-7.06%	-6.94%	-0.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-18.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.53%	—
Current Drawdown Current decline from peak	-2.16%	-2.83%	+0.67%
Average Drawdown Average peak-to-trough decline	-2.91%	-3.39%	+0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	1.78%	+0.04%

Volatility

PACW.L vs. VEVE.L - Volatility Comparison

Amundi Prime All Country World UCITS ETF Income (PACW.L) and Vanguard FTSE Developed World UCITS ETF (USD) Distributing (VEVE.L) have volatilities of 3.15% and 3.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PACW.L	VEVE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.15%	3.11%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	8.64%	8.33%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	11.23%	10.90%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.89%	13.19%	+0.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.89%	14.29%	-0.40%

PACW.L vs. VEVE.L - Expense Ratio Comparison

PACW.L has a 0.07% expense ratio, which is lower than VEVE.L's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

PACW.L vs. VEVE.L - Dividend Comparison

PACW.L's dividend yield for the trailing twelve months is around 1.24%, less than VEVE.L's 1.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PACW.L Amundi Prime All Country World UCITS ETF Income	1.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEVE.L Vanguard FTSE Developed World UCITS ETF (USD) Distributing	1.29%	1.38%	1.48%	1.71%	1.98%	1.46%	1.62%	1.95%	2.24%	1.93%	1.88%	2.03%

Frequently Asked Questions

Can I hold both PACW.L and VEVE.L in my portfolio?

With a correlation of 0.97, PACW.L and VEVE.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, PACW.L or VEVE.L?

On fees, PACW.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PACW.L or VEVE.L?

PACW.L is cheaper with a 0.07% expense ratio, compared with 0.12% for VEVE.L.

What is the main difference between PACW.L and VEVE.L?

PACW.L tracks Solactive GBS Global Markets Large & Mid Cap Index, while VEVE.L tracks FTSE Developed Index. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.07% for PACW.L and 0.12% for VEVE.L.