SUWG.L vs. VEA

Last updated Jun 5, 2026

SUWG.L (iShares MSCI World SRI UCITS ETF USD (Dist)) and VEA (Vanguard FTSE Developed Markets ETF) are both exchange-traded funds - SUWG.L is a Global Equities fund tracking the MSCI ACWI NR USD, while VEA is a Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index. Both are passively managed. Over the past 5 years, SUWG.L returned 10.67%/yr vs 10.13%/yr for VEA. A 0.54 correlation means they provide meaningful diversification when combined. SUWG.L charges 0.20%/yr vs 0.03%/yr for VEA.

Performance

SUWG.L vs. VEA - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares MSCI World SRI UCITS ETF USD (Dist) (SUWG.L) and Vanguard FTSE Developed Markets ETF (VEA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SUWG.L is traded in GBP, while VEA is traded in USD. To make them comparable, the VEA values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, SUWG.L achieves a 10.28% return, which is significantly lower than VEA's 12.03% return.

SUWG.L

• 1D: 0.39%
• 1M: 4.00%
• YTD: 10.28%
• 6M: 10.19%
• 1Y: 21.97%
• 3Y*: 13.08%
• 5Y*: 10.67%
• 10Y*: —

VEA

• 1D: -3.11%
• 1M: -0.55%
• YTD: 12.03%
• 6M: 13.50%
• 1Y: 29.42%
• 3Y*: 15.48%
• 5Y*: 10.13%
• 10Y*: 10.58%

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

SUWG.L vs. VEA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SUWG.L iShares MSCI World SRI UCITS ETF USD (Dist)	10.28%	7.24%	12.94%	18.32%	-11.70%	27.80%
VEA Vanguard FTSE Developed Markets ETF	12.03%	25.53%	4.95%	12.04%	-5.28%	11.38%

Correlation

The correlation between SUWG.L and VEA is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021	0.54

The correlation between SUWG.L and VEA has been stable across timeframes, ranging from 0.52 to 0.54 - a consistent structural relationship.

SUWG.L vs. VEA - Sectors Allocation Comparison

Sectors	SUWG.L	VEA
Technology	32.7%	13.8%
Financial Services	16.6%	23.3%
Industrials	11.2%	19.2%
Consumer Cyclical	9.1%	7.5%
Healthcare	9.0%	8.2%
Communication Services	7.7%	3.4%
Consumer Defensive	6.0%	5.6%
Basic Materials	3.8%	7.5%
Real Estate	2.2%	2.7%
Utilities	1.7%	3.3%
Energy	-	5.4%

Return for Risk

SUWG.L vs. VEA — Risk / Return Rank

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

SUWG.L

SUWG.L Risk / Return Rank: 58
SUWG.L Sharpe Ratio Rank: 57
SUWG.L Sortino Ratio Rank: 59
SUWG.L Omega Ratio Rank: 59
SUWG.L Calmar Ratio Rank: 56
SUWG.L Martin Ratio Rank: 59

VEA

VEA Risk / Return Rank: 50
VEA Sharpe Ratio Rank: 50
VEA Sortino Ratio Rank: 48
VEA Omega Ratio Rank: 51
VEA Calmar Ratio Rank: 48
VEA Martin Ratio Rank: 54

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.

SUWG.L vs. VEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World SRI UCITS ETF USD (Dist) (SUWG.L) and Vanguard FTSE Developed Markets ETF (VEA). 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.

	SUWG.L	VEA	Difference
Sharpe ratio: Return per unit of total volatility	1.91	2.21	-0.29
Sortino ratio: Return per unit of downside risk	2.73	2.91	-0.18
Omega ratio: Gain probability vs. loss probability	1.35	1.42	-0.06
Calmar ratio: Return relative to maximum drawdown	2.75	2.77	-0.01
Martin ratio: Return relative to average drawdown	10.28	11.23	-0.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SUWG.L vs. VEA - Sharpe Ratio Comparison

The current SUWG.L Sharpe Ratio is 1.91, which is comparable to the VEA Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of SUWG.L and VEA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SUWG.L	VEA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	2.21	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.77	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.40	+0.46

Drawdowns

SUWG.L vs. VEA - Drawdown Comparison

The maximum SUWG.L drawdown since its inception was -18.97%, smaller than the maximum VEA drawdown of -40.90%. Use the drawdown chart below to compare losses from any high point for SUWG.L and VEA.

Drawdown Indicators

	SUWG.L	VEA	Difference
Max Drawdown Largest peak-to-trough decline	-18.97%	-40.90%	+21.93%
Max Drawdown (1Y) Largest decline over 1 year	-7.92%	-10.69%	+2.77%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	-12.66%	-6.31%
Max Drawdown (5Y) Largest decline over 5 years	-18.97%	-14.52%	-4.45%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.38%	—
Current Drawdown Current decline from peak	0.00%	-3.44%	+3.44%
Average Drawdown Average peak-to-trough decline	-4.31%	-6.17%	+1.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	2.63%	-0.51%

Volatility

SUWG.L vs. VEA - Volatility Comparison

The current volatility for iShares MSCI World SRI UCITS ETF USD (Dist) (SUWG.L) is 3.37%, while Vanguard FTSE Developed Markets ETF (VEA) has a volatility of 5.10%. This indicates that SUWG.L experiences smaller price fluctuations and is considered to be less risky than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SUWG.L	VEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	5.10%	-1.73%
Volatility (6M) Calculated over the trailing 6-month period	8.65%	11.57%	-2.92%
Volatility (1Y) Calculated over the trailing 1-year period	11.38%	13.41%	-2.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.65%	13.28%	+0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.63%	15.49%	-1.86%

SUWG.L vs. VEA - Expense Ratio Comparison

SUWG.L has a 0.20% expense ratio, which is higher than VEA's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SUWG.L vs. VEA - Dividend Comparison

SUWG.L's dividend yield for the trailing twelve months is around 1.12%, less than VEA's 2.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SUWG.L iShares MSCI World SRI UCITS ETF USD (Dist)	1.12%	1.21%	1.38%	1.54%	1.69%	1.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEA Vanguard FTSE Developed Markets ETF	2.71%	3.22%	3.35%	3.15%	2.91%	3.16%	2.04%	3.04%	3.35%	2.77%	3.05%	2.92%

Frequently Asked Questions

Can I hold both SUWG.L and VEA in my portfolio?

SUWG.L and VEA have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SUWG.L or VEA?

On fees, VEA is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SUWG.L or VEA?

VEA is cheaper with a 0.03% expense ratio, compared with 0.20% for SUWG.L.

What is the main difference between SUWG.L and VEA?

SUWG.L is categorized as Global Equities, while VEA is Foreign Large Cap Equities. SUWG.L tracks MSCI ACWI NR USD, while VEA tracks FTSE Developed All Cap ex US Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.20% for SUWG.L and 0.03% for VEA.