VETA.L vs. VHVG.L
VETA.L (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) and VHVG.L (Vanguard FTSE Developed World UCITS ETF Acc) are both exchange-traded funds - VETA.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while VHVG.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, VETA.L returned -2.10%/yr vs 13.30%/yr for VHVG.L. At a 0.09 correlation, their price movements are largely independent. VETA.L charges 0.07%/yr vs 0.12%/yr for VHVG.L.
Performance
VETA.L vs. VHVG.L - Performance Comparison
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Returns By Period
In the year-to-date period, VETA.L achieves a -0.82% return, which is significantly lower than VHVG.L's 11.81% return.
VETA.L
- 1D
- 0.23%
- 1M
- 0.78%
- YTD
- -0.82%
- 6M
- -0.92%
- 1Y
- 2.67%
- 3Y*
- 2.47%
- 5Y*
- -2.10%
- 10Y*
- —
VHVG.L
- 1D
- -0.07%
- 1M
- 5.52%
- YTD
- 11.81%
- 6M
- 12.27%
- 1Y
- 29.87%
- 3Y*
- 18.37%
- 5Y*
- 13.30%
- 10Y*
- —
VETA.L vs. VHVG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VETA.L Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | -0.82% | 5.79% | -2.93% | 4.76% | -13.59% | -9.77% | 10.65% | -6.63% |
VHVG.L Vanguard FTSE Developed World UCITS ETF Acc | 11.81% | 13.85% | 19.99% | 17.54% | -8.66% | 23.31% | 12.56% | 1.61% |
Correlation
The correlation between VETA.L and VHVG.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.09 |
The correlation between VETA.L and VHVG.L shifts across timeframes, from 0.08 (5 years) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VETA.L vs. VHVG.L — Risk / Return Rank
VETA.L
VHVG.L
VETA.L vs. VHVG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VETA.L) and Vanguard FTSE Developed World UCITS ETF Acc (VHVG.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.
| VETA.L | VHVG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -3.25 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.55 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | 4.29 | -3.72 |
| Martin ratioReturn relative to average drawdown | 1.29 | 17.65 | -16.36 |
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
| VETA.L | VHVG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 2.90 | -2.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | 1.03 | -1.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | 0.89 | -0.97 |
Drawdowns
VETA.L vs. VHVG.L - Drawdown Comparison
The maximum VETA.L drawdown since its inception was -26.60%, roughly equal to the maximum VHVG.L drawdown of -25.41%. Use the drawdown chart below to compare losses from any high point for VETA.L and VHVG.L.
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Drawdown Indicators
| VETA.L | VHVG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.60% | -25.41% | -1.19% |
Max Drawdown (1Y)Largest decline over 1 year | -4.66% | -6.94% | +2.28% |
Max Drawdown (3Y)Largest decline over 3 years | -6.23% | -17.96% | +11.73% |
Max Drawdown (5Y)Largest decline over 5 years | -20.71% | -17.96% | -2.75% |
Current DrawdownCurrent decline from peak | -18.72% | -0.36% | -18.36% |
Average DrawdownAverage peak-to-trough decline | -15.05% | -3.28% | -11.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 1.69% | +0.38% |
Volatility
VETA.L vs. VHVG.L - Volatility Comparison
The current volatility for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VETA.L) is 1.85%, while Vanguard FTSE Developed World UCITS ETF Acc (VHVG.L) has a volatility of 2.72%. This indicates that VETA.L experiences smaller price fluctuations and is considered to be less risky than VHVG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VETA.L | VHVG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.85% | 2.72% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 7.53% | -3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 10.27% | -4.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.49% | 12.97% | -5.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.96% | 15.06% | -7.10% |
VETA.L vs. VHVG.L - Expense Ratio Comparison
VETA.L has a 0.07% expense ratio, which is lower than VHVG.L's 0.12% 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
VETA.L vs. VHVG.L - Dividend Comparison
Neither VETA.L nor VHVG.L has paid dividends to shareholders.
Frequently Asked Questions
VETA.L and VHVG.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VETA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VETA.L is cheaper with a 0.07% expense ratio, compared with 0.12% for VHVG.L.
VETA.L is categorized as European Government Bonds, while VHVG.L is Global Equities. VETA.L tracks Bloomberg Euro Agg Govt TR EUR, while VHVG.L tracks MSCI ACWI NR USD. Their fees differ too: 0.07% for VETA.L and 0.12% for VHVG.L.
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