V3YL.DE vs. VUSA.DE

Last updated Jun 5, 2026

V3YL.DE (Vanguard ESG North America All Cap UCITS ETF (USD) Distributing) and VUSA.DE (Vanguard S&P 500 UCITS ETF) are both exchange-traded funds - V3YL.DE is a Large Cap Blend Equities fund tracking the FTSE North America All Cap Choice Index, while VUSA.DE is a S&P 500 fund tracking the S&P 500 Net Total Return. Both are passively managed. Over the past 3 years, V3YL.DE returned 18.67%/yr vs 18.87%/yr for VUSA.DE. With a 0.98 correlation, they move nearly in lockstep. V3YL.DE charges 0.12%/yr vs 0.07%/yr for VUSA.DE.

Performance

V3YL.DE vs. VUSA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard ESG North America All Cap UCITS ETF (USD) Distributing (V3YL.DE) and Vanguard S&P 500 UCITS ETF (VUSA.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with V3YL.DE having a 11.04% return and VUSA.DE slightly higher at 11.38%.

V3YL.DE

• 1D: 0.09%
• 1M: 5.09%
• YTD: 11.04%
• 6M: 10.64%
• 1Y: 25.18%
• 3Y*: 18.67%
• 5Y*: —
• 10Y*: —

VUSA.DE

• 1D: -0.12%
• 1M: 4.37%
• YTD: 11.38%
• 6M: 10.86%
• 1Y: 25.53%
• 3Y*: 18.87%
• 5Y*: 14.76%
• 10Y*: —

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

V3YL.DE vs. VUSA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
V3YL.DE Vanguard ESG North America All Cap UCITS ETF (USD) Distributing	11.04%	4.17%	31.45%	26.32%	-17.36%
VUSA.DE Vanguard S&P 500 UCITS ETF	11.38%	4.74%	32.32%	22.44%	-14.80%

Correlation

The correlation between V3YL.DE and VUSA.DE is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (All Time) Calculated using the full available price history since Aug 19, 2022	0.98

The correlation between V3YL.DE and VUSA.DE has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.

Return for Risk

V3YL.DE vs. VUSA.DE — Risk / Return Rank

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

V3YL.DE

V3YL.DE Risk / Return Rank: 57
V3YL.DE Sharpe Ratio Rank: 60
V3YL.DE Sortino Ratio Rank: 58
V3YL.DE Omega Ratio Rank: 59
V3YL.DE Calmar Ratio Rank: 54
V3YL.DE Martin Ratio Rank: 56

VUSA.DE

VUSA.DE Risk / Return Rank: 69
VUSA.DE Sharpe Ratio Rank: 68
VUSA.DE Sortino Ratio Rank: 65
VUSA.DE Omega Ratio Rank: 70
VUSA.DE Calmar Ratio Rank: 72
VUSA.DE Martin Ratio Rank: 70

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.

V3YL.DE vs. VUSA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG North America All Cap UCITS ETF (USD) Distributing (V3YL.DE) and Vanguard S&P 500 UCITS ETF (VUSA.DE). 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.

	V3YL.DE	VUSA.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.97	2.20	-0.23
Sortino ratio: Return per unit of downside risk	2.71	2.99	-0.28
Omega ratio: Gain probability vs. loss probability	1.36	1.41	-0.05
Calmar ratio: Return relative to maximum drawdown	2.64	3.57	-0.93
Martin ratio: Return relative to average drawdown	9.53	12.71	-3.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

V3YL.DE vs. VUSA.DE - Sharpe Ratio Comparison

The current V3YL.DE Sharpe Ratio is 1.97, which is comparable to the VUSA.DE Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of V3YL.DE and VUSA.DE, 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

	V3YL.DE	VUSA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	2.20	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.96	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.89	-0.06

Drawdowns

V3YL.DE vs. VUSA.DE - Drawdown Comparison

The maximum V3YL.DE drawdown since its inception was -24.77%, smaller than the maximum VUSA.DE drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for V3YL.DE and VUSA.DE.

Drawdown Indicators

	V3YL.DE	VUSA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-24.77%	-33.63%	+8.86%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-7.13%	-2.48%
Max Drawdown (3Y) Largest decline over 3 years	-24.77%	-23.24%	-1.53%
Max Drawdown (5Y) Largest decline over 5 years	—	-23.24%	—
Current Drawdown Current decline from peak	-0.50%	-0.44%	-0.06%
Average Drawdown Average peak-to-trough decline	-5.30%	-4.40%	-0.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	2.01%	+0.66%

Volatility

V3YL.DE vs. VUSA.DE - Volatility Comparison

Vanguard ESG North America All Cap UCITS ETF (USD) Distributing (V3YL.DE) has a higher volatility of 3.16% compared to Vanguard S&P 500 UCITS ETF (VUSA.DE) at 2.68%. This indicates that V3YL.DE's price experiences larger fluctuations and is considered to be riskier than VUSA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	V3YL.DE	VUSA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.16%	2.68%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	8.81%	7.59%	+1.22%
Volatility (1Y) Calculated over the trailing 1-year period	12.85%	11.58%	+1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	15.17%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.57%	16.77%	-1.20%

V3YL.DE vs. VUSA.DE - Expense Ratio Comparison

V3YL.DE has a 0.12% expense ratio, which is higher than VUSA.DE's 0.07% 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

V3YL.DE vs. VUSA.DE - Dividend Comparison

V3YL.DE's dividend yield for the trailing twelve months is around 0.63%, less than VUSA.DE's 0.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
V3YL.DE Vanguard ESG North America All Cap UCITS ETF (USD) Distributing	0.63%	0.71%	0.78%	0.99%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%
VUSA.DE Vanguard S&P 500 UCITS ETF	0.87%	0.97%	1.00%	1.25%	1.45%	1.02%	1.43%	1.45%	1.74%	0.41%

Frequently Asked Questions

Can I hold both V3YL.DE and VUSA.DE in my portfolio?

With a correlation of 0.98, V3YL.DE and VUSA.DE 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, V3YL.DE or VUSA.DE?

On fees, VUSA.DE 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, V3YL.DE or VUSA.DE?

VUSA.DE is cheaper with a 0.07% expense ratio, compared with 0.12% for V3YL.DE.

What is the main difference between V3YL.DE and VUSA.DE?

V3YL.DE is categorized as Large Cap Blend Equities, while VUSA.DE is S&P 500. V3YL.DE tracks FTSE North America All Cap Choice Index, while VUSA.DE tracks S&P 500 Net Total Return. Their fees differ too: 0.12% for V3YL.DE and 0.07% for VUSA.DE.