VERX.AS vs. VWRL.AS
VERX.AS (Vanguard FTSE Developed Europe ex-UK UCITS ETF) and VWRL.AS (Vanguard FTSE All-World UCITS ETF (USD) Distributing) are both exchange-traded funds - VERX.AS is a Europe Equities fund tracking the MSCI Europe Ex UK NR EUR, while VWRL.AS is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 10 years, VERX.AS returned 9.69%/yr vs 12.39%/yr for VWRL.AS. A 0.78 correlation means they provide meaningful diversification when combined. VERX.AS charges 0.10%/yr vs 0.19%/yr for VWRL.AS.
Performance
VERX.AS vs. VWRL.AS - Performance Comparison
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Returns By Period
In the year-to-date period, VERX.AS achieves a 7.73% return, which is significantly lower than VWRL.AS's 12.89% return. Over the past 10 years, VERX.AS has underperformed VWRL.AS with an annualized return of 9.69%, while VWRL.AS has yielded a comparatively higher 12.39% annualized return.
VERX.AS
- 1D
- 0.65%
- 1M
- 3.79%
- YTD
- 7.73%
- 6M
- 10.13%
- 1Y
- 15.93%
- 3Y*
- 13.68%
- 5Y*
- 9.30%
- 10Y*
- 9.69%
VWRL.AS
- 1D
- -0.19%
- 1M
- 5.02%
- YTD
- 12.89%
- 6M
- 13.40%
- 1Y
- 26.44%
- 3Y*
- 17.84%
- 5Y*
- 12.29%
- 10Y*
- 12.39%
VERX.AS vs. VWRL.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VERX.AS Vanguard FTSE Developed Europe ex-UK UCITS ETF | 7.73% | 20.65% | 7.05% | 18.49% | -12.99% | 24.93% | 2.62% | 26.48% | -10.05% | 12.01% |
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing | 12.89% | 8.40% | 25.57% | 18.07% | -13.65% | 28.52% | 6.31% | 27.76% | -4.68% | 8.95% |
Correlation
The correlation between VERX.AS and VWRL.AS is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2014 | 0.78 |
The correlation between VERX.AS and VWRL.AS has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.
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Return for Risk
VERX.AS vs. VWRL.AS — Risk / Return Rank
VERX.AS
VWRL.AS
VERX.AS vs. VWRL.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe ex-UK UCITS ETF (VERX.AS) and Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS). 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.
| VERX.AS | VWRL.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.44 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 4.00 | -2.46 |
| Martin ratioReturn relative to average drawdown | 5.65 | 16.48 | -10.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VERX.AS | VWRL.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 2.34 | -1.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.88 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.82 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.77 | -0.18 |
Drawdowns
VERX.AS vs. VWRL.AS - Drawdown Comparison
The maximum VERX.AS drawdown since its inception was -34.59%, roughly equal to the maximum VWRL.AS drawdown of -33.27%. Use the drawdown chart below to compare losses from any high point for VERX.AS and VWRL.AS.
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Drawdown Indicators
| VERX.AS | VWRL.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.59% | -33.27% | -1.32% |
Max Drawdown (1Y)Largest decline over 1 year | -10.21% | -6.53% | -3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -16.22% | -21.00% | +4.78% |
Max Drawdown (5Y)Largest decline over 5 years | -22.89% | -21.00% | -1.89% |
Max Drawdown (10Y)Largest decline over 10 years | -34.59% | -33.27% | -1.32% |
Current DrawdownCurrent decline from peak | -1.39% | -0.61% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -4.38% | -1.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 1.59% | +1.20% |
Volatility
VERX.AS vs. VWRL.AS - Volatility Comparison
Vanguard FTSE Developed Europe ex-UK UCITS ETF (VERX.AS) has a higher volatility of 4.34% compared to Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS) at 3.07%. This indicates that VERX.AS's price experiences larger fluctuations and is considered to be riskier than VWRL.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VERX.AS | VWRL.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 3.07% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 11.06% | 8.03% | +3.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.49% | 11.16% | +2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.86% | 13.70% | +1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.73% | 14.82% | +0.91% |
VERX.AS vs. VWRL.AS - Expense Ratio Comparison
VERX.AS has a 0.10% expense ratio, which is lower than VWRL.AS's 0.19% 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
VERX.AS vs. VWRL.AS - Dividend Comparison
VERX.AS's dividend yield for the trailing twelve months is around 2.48%, more than VWRL.AS's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VERX.AS Vanguard FTSE Developed Europe ex-UK UCITS ETF | 2.48% | 2.67% | 2.91% | 2.75% | 3.05% | 2.29% | 1.96% | 2.83% | 3.20% | 2.71% | 2.81% | 2.61% |
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing | 1.24% | 1.42% | 1.47% | 1.74% | 2.10% | 1.43% | 1.56% | 1.89% | 2.24% | 1.93% | 1.95% | 2.03% |
Frequently Asked Questions
VERX.AS and VWRL.AS have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VERX.AS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VERX.AS is cheaper with a 0.10% expense ratio, compared with 0.19% for VWRL.AS.
VERX.AS is categorized as Europe Equities, while VWRL.AS is Global Equities. VERX.AS tracks MSCI Europe Ex UK NR EUR, while VWRL.AS tracks FTSE All-World Index. Their fees differ too: 0.10% for VERX.AS and 0.19% for VWRL.AS.
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