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V3AM.L vs. VEVE.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

V3AM.L vs. VEVE.L

Last updated Jun 5, 2026

V3AM.L (Vanguard ESG Global All Cap UCITS ETF (USD) Distributing) and VEVE.L (Vanguard FTSE Developed World UCITS ETF Distributing) are both Global Equities funds from Vanguard tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, V3AM.L returned 11.49%/yr vs 13.29%/yr for VEVE.L. With a 0.97 correlation, they move nearly in lockstep. V3AM.L charges 0.24%/yr vs 0.12%/yr for VEVE.L.

Performance

V3AM.L vs. VEVE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard ESG Global All Cap UCITS ETF (USD) Distributing (V3AM.L) and Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with V3AM.L having a 12.15% return and VEVE.L slightly lower at 11.86%.

V3AM.L

1D
0.02%
1M
6.38%
YTD
12.15%
6M
12.78%
1Y
30.64%
3Y*
17.82%
5Y*
11.49%
10Y*
—

VEVE.L

1D
-0.07%
1M
5.51%
YTD
11.86%
6M
12.36%
1Y
29.91%
3Y*
18.36%
5Y*
13.29%
10Y*
14.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

V3AM.L vs. VEVE.L - Yearly Performance Comparison

2026 (YTD)20252024202320222021
V3AM.L
Vanguard ESG Global All Cap UCITS ETF (USD) Distributing		12.15%12.40%19.59%18.06%-13.39%17.05%
VEVE.L
Vanguard FTSE Developed World UCITS ETF Distributing		11.86%13.81%20.22%17.45%-8.34%19.14%

Correlation

The correlation between V3AM.L and VEVE.L is 0.96 - 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

0.96

Correlation (3Y)
Calculated over the trailing 3-year period

0.97

Correlation (5Y)
Calculated over the trailing 5-year period

0.98

Correlation (All Time)
Calculated using the full available price history since Mar 26, 2021

0.97

The correlation between V3AM.L and VEVE.L has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.

V3AM.L vs. VEVE.L - Sectors Allocation Comparison

Sectors
V3AM.L
VEVE.L

Technology

33.9%
29.0%

Financial Services

17.7%
15.6%

Consumer Cyclical

11.2%
9.3%

Communication Services

10.0%
9.0%

Healthcare

9.7%
8.5%

Industrials

6.4%
11.5%

Consumer Defensive

4.4%
5.1%

Basic Materials

3.4%
3.4%

Real Estate

3.0%
2.0%

Utilities

0.4%
2.6%

Energy

0.0%
4.1%

Technology

V3AM.L
33.9%
VEVE.L
29.0%

Financial Services

V3AM.L
17.7%
VEVE.L
15.6%

Consumer Cyclical

V3AM.L
11.2%
VEVE.L
9.3%

Communication Services

V3AM.L
10.0%
VEVE.L
9.0%

Healthcare

V3AM.L
9.7%
VEVE.L
8.5%

Industrials

V3AM.L
6.4%
VEVE.L
11.5%

Consumer Defensive

V3AM.L
4.4%
VEVE.L
5.1%

Basic Materials

V3AM.L
3.4%
VEVE.L
3.4%

Real Estate

V3AM.L
3.0%
VEVE.L
2.0%

Utilities

V3AM.L
0.4%
VEVE.L
2.6%

Energy

V3AM.L
0.0%
VEVE.L
4.1%

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Vanguard ESG Global All Cap UCITS ETF (USD) Distributing

Vanguard FTSE Developed World UCITS ETF Distributing

Often compared with V3AM.L:
V3AM.L vs. V3AB.LV3AM.L vs. VWRL.LV3AM.L vs. VWRA.LV3AM.L vs. VGWL.DEV3AM.L vs. XESW.LV3AM.L vs. XZSP.DEV3AM.L vs. SUUS.L
Often compared with VEVE.L:
VEVE.L vs. VWRL.LVEVE.L vs. VUSA.LVEVE.L vs. VFEM.DEVEVE.L vs. HMWO.LVEVE.L vs. FTWG.LVEVE.L vs. LGGG.LVEVE.L vs. VNRT.L

Return for Risk

V3AM.L vs. VEVE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
V3AM.L
V3AM.L Risk / Return Rank: 8181
Overall Rank
V3AM.L Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
V3AM.L Sortino Ratio Rank: 8484
Sortino Ratio Rank
V3AM.L Omega Ratio Rank: 8585
Omega Ratio Rank
V3AM.L Calmar Ratio Rank: 7575
Calmar Ratio Rank
V3AM.L Martin Ratio Rank: 7979
Martin Ratio Rank
VEVE.L
VEVE.L Risk / Return Rank: 8686
Overall Rank
VEVE.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
VEVE.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
VEVE.L Omega Ratio Rank: 8989
Omega Ratio Rank
VEVE.L Calmar Ratio Rank: 8282
Calmar Ratio Rank
VEVE.L Martin Ratio Rank: 8585
Martin Ratio Rank
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.

V3AM.L vs. VEVE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Global All Cap UCITS ETF (USD) Distributing (V3AM.L) and Vanguard FTSE Developed World UCITS ETF 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.

V3AM.LVEVE.LDifference
Sharpe ratioReturn per unit of total volatility
2.67
2.89

-0.21

Sortino ratioReturn per unit of downside risk
3.73
3.96

-0.22

Omega ratioGain probability vs. loss probability

1.50

1.55

-0.05

Calmar ratioReturn relative to maximum drawdown

3.73

4.29

-0.56

Martin ratioReturn relative to average drawdown

15.11

17.65

-2.54

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

V3AM.L vs. VEVE.L - Sharpe Ratio Comparison

The current V3AM.L Sharpe Ratio is 2.67, which is comparable to the VEVE.L Sharpe Ratio of 2.89. The chart below compares the historical Sharpe Ratios of V3AM.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.

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Sharpe Ratios by Period

V3AM.LVEVE.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.67

2.89

-0.21

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.84

1.01

-0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.98

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.89

0.91

-0.03

Drawdowns

V3AM.L vs. VEVE.L - Drawdown Comparison

The maximum V3AM.L drawdown since its inception was -19.25%, smaller than the maximum VEVE.L drawdown of -25.52%. Use the drawdown chart below to compare losses from any high point for V3AM.L and VEVE.L.

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Drawdown Indicators

V3AM.LVEVE.LDifference

Max Drawdown

Largest peak-to-trough decline

-19.25%

-25.52%

+6.27%

Max Drawdown (1Y)

Largest decline over 1 year

-8.18%

-6.94%

-1.24%

Max Drawdown (3Y)

Largest decline over 3 years

-19.25%

-18.34%

-0.91%

Max Drawdown (5Y)

Largest decline over 5 years

-19.25%

-18.34%

-0.91%

Max Drawdown (10Y)

Largest decline over 10 years

—

-25.52%

—

Current Drawdown

Current decline from peak

-0.57%

-0.35%

-0.22%

Average Drawdown

Average peak-to-trough decline

-4.85%

-3.41%

-1.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.02%

1.69%

+0.33%

Volatility

V3AM.L vs. VEVE.L - Volatility Comparison

Vanguard ESG Global All Cap UCITS ETF (USD) Distributing (V3AM.L) has a higher volatility of 3.51% compared to Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) at 2.72%. This indicates that V3AM.L's price experiences larger fluctuations and is considered to be riskier than VEVE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

V3AM.LVEVE.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.51%

2.72%

+0.79%

Volatility (6M)

Calculated over the trailing 6-month period

8.67%

7.55%

+1.12%

Volatility (1Y)

Calculated over the trailing 1-year period

11.41%

10.31%

+1.10%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.65%

13.09%

+0.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.59%

14.33%

-0.74%

V3AM.L vs. VEVE.L - Expense Ratio Comparison

V3AM.L has a 0.24% expense ratio, which is higher than VEVE.L's 0.12% 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

V3AM.L vs. VEVE.L - Dividend Comparison

V3AM.L's dividend yield for the trailing twelve months is around 1.09%, less than VEVE.L's 1.23% yield.

PositionTTM20252024202320222021202020192018201720162015
V3AM.L
Vanguard ESG Global All Cap UCITS ETF (USD) Distributing		1.09%1.23%1.28%1.45%1.70%0.92%0.00%0.00%0.00%0.00%0.00%0.00%
VEVE.L
Vanguard FTSE Developed World UCITS ETF Distributing		1.23%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

With a correlation of 0.96, V3AM.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.

On fees, VEVE.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VEVE.L is cheaper with a 0.12% expense ratio, compared with 0.24% for V3AM.L.

Both ETFs track MSCI ACWI NR USD. Their fees differ too: 0.24% for V3AM.L and 0.12% for VEVE.L.

Portfolio Optimizer

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