USFM.L vs. VNRG.L

Last updated Jun 25, 2026

USFM.L (UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis) and VNRG.L (Vanguard FTSE North America UCITS ETF (USD) Accumulating) are both Large Cap Blend Equities funds tracking the Russell 1000 TR USD, from UBS and Vanguard respectively. Both are passively managed. Over the past 5 years, USFM.L returned 11.88%/yr vs 13.72%/yr for VNRG.L. Their correlation of 0.92 suggests significant overlap in exposure. USFM.L charges 0.25%/yr vs 0.10%/yr for VNRG.L.

Performance

USFM.L vs. VNRG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis (USFM.L) and Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

USFM.L is traded in GBp, while VNRG.L is traded in GBP. To make them comparable, the VNRG.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, USFM.L achieves a 15.71% return, which is significantly higher than VNRG.L's 10.20% return.

USFM.L

• 1D: 1.01%
• 1M: 5.03%
• YTD: 15.71%
• 6M: 15.91%
• 1Y: 28.38%
• 3Y*: 17.62%
• 5Y*: 11.88%
• 10Y*: —

VNRG.L

• 1D: 0.71%
• 1M: 0.91%
• YTD: 10.20%
• 6M: 10.37%
• 1Y: 26.71%
• 3Y*: 19.68%
• 5Y*: 13.72%
• 10Y*: —

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

USFM.L vs. VNRG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
USFM.L UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis	15.71%	5.73%	20.11%	10.47%	-3.22%	26.12%	10.79%	1.33%
VNRG.L Vanguard FTSE North America UCITS ETF (USD) Accumulating	10.20%	10.01%	27.28%	19.88%	-9.85%	28.98%	16.98%	1.78%

Correlation

The correlation between USFM.L and VNRG.L is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019	0.92

The correlation between USFM.L and VNRG.L shifts across timeframes, from 0.77 (1 year) to 0.92 (all time), reflecting how their relationship changes across market environments.

USFM.L vs. VNRG.L - Sectors Allocation Comparison

Sectors	USFM.L	VNRG.L
Technology	21.7%	37.8%
Financial Services	16.9%	12.3%
Industrials	13.3%	7.8%
Healthcare	13.1%	8.0%
Consumer Defensive	7.9%	4.3%
Consumer Cyclical	6.2%	9.6%
Communication Services	5.8%	10.4%
Energy	5.5%	3.9%
Utilities	3.8%	2.1%
Real Estate	2.9%	1.6%
Basic Materials	2.9%	2.3%

Return for Risk

USFM.L vs. VNRG.L — Risk / Return Rank

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

USFM.L

USFM.L Risk / Return Rank: 92
USFM.L Sharpe Ratio Rank: 93
USFM.L Sortino Ratio Rank: 93
USFM.L Omega Ratio Rank: 92
USFM.L Calmar Ratio Rank: 91
USFM.L Martin Ratio Rank: 91

VNRG.L

VNRG.L Risk / Return Rank: 83
VNRG.L Sharpe Ratio Rank: 86
VNRG.L Sortino Ratio Rank: 85
VNRG.L Omega Ratio Rank: 86
VNRG.L Calmar Ratio Rank: 80
VNRG.L Martin Ratio Rank: 78

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.

USFM.L vs. VNRG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis (USFM.L) and Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRG.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.

	USFM.L	VNRG.L	Difference
Sharpe ratio: Return per unit of total volatility	2.95	2.49	+0.46
Sortino ratio: Return per unit of downside risk	4.01	3.37	+0.64
Omega ratio: Gain probability vs. loss probability	1.53	1.46	+0.07
Calmar ratio: Return relative to maximum drawdown	5.16	3.75	+1.41
Martin ratio: Return relative to average drawdown	18.50	13.51	+4.98

USFM.L vs. VNRG.L - Sharpe Ratio Comparison

The current USFM.L Sharpe Ratio is 2.95, which is comparable to the VNRG.L Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of USFM.L and VNRG.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

USFM.L vs. VNRG.L - Drawdown Comparison

The maximum USFM.L drawdown since its inception was -27.52%, which is greater than VNRG.L's maximum drawdown of -26.12%. Use the drawdown chart below to compare losses from any high point for USFM.L and VNRG.L.

Drawdown Indicators

	USFM.L	VNRG.L	Difference
Max Drawdown Largest peak-to-trough decline	-27.52%	-26.12%	-1.40%
Max Drawdown (1Y) Largest decline over 1 year	-5.47%	-7.15%	+1.68%
Max Drawdown (3Y) Largest decline over 3 years	-17.40%	-20.91%	+3.51%
Max Drawdown (5Y) Largest decline over 5 years	-17.40%	-20.91%	+3.51%
Current Drawdown Current decline from peak	0.00%	-0.62%	+0.62%
Average Drawdown Average peak-to-trough decline	-5.75%	-3.66%	-2.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	1.99%	-0.46%

Volatility

USFM.L vs. VNRG.L - Volatility Comparison

The current volatility for UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis (USFM.L) is 2.60%, while Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRG.L) has a volatility of 3.38%. This indicates that USFM.L experiences smaller price fluctuations and is considered to be less risky than VNRG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USFM.L	VNRG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.60%	3.38%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	6.95%	7.58%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	9.58%	10.78%	-1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.22%	14.36%	-1.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.12%	16.19%	+0.93%

USFM.L vs. VNRG.L - Expense Ratio Comparison

USFM.L has a 0.25% expense ratio, which is higher than VNRG.L's 0.10% 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

USFM.L vs. VNRG.L - Dividend Comparison

USFM.L's dividend yield for the trailing twelve months is around 1.03%, while VNRG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
USFM.L UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF (USD) A-dis	1.03%	1.20%	1.14%	1.37%	1.22%	1.01%	1.34%	1.30%	1.37%	0.30%
VNRG.L Vanguard FTSE North America UCITS ETF (USD) Accumulating	0.00%	0.00%	0.27%	0.00%	0.00%	0.00%	0.97%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USFM.L and VNRG.L in my portfolio?

USFM.L and VNRG.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USFM.L or VNRG.L?

On fees, VNRG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USFM.L or VNRG.L?

VNRG.L is cheaper with a 0.10% expense ratio, compared with 0.25% for USFM.L.

What is the main difference between USFM.L and VNRG.L?

Both ETFs track Russell 1000 TR USD. They also come from different issuers: UBS and Vanguard. Their fees differ too: 0.25% for USFM.L and 0.10% for VNRG.L.