VETY.L vs. VEVE.L
VETY.L (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) and VEVE.L (Vanguard FTSE Developed World UCITS ETF Distributing) are both exchange-traded funds - VETY.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while VEVE.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, VETY.L returned 0.12%/yr vs 14.04%/yr for VEVE.L. At a 0.17 correlation, their price movements are largely independent. VETY.L charges 0.07%/yr vs 0.12%/yr for VEVE.L.
Performance
VETY.L vs. VEVE.L - Performance Comparison
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Returns By Period
In the year-to-date period, VETY.L achieves a -2.03% return, which is significantly lower than VEVE.L's 11.86% return. Over the past 10 years, VETY.L has underperformed VEVE.L with an annualized return of 0.12%, while VEVE.L has yielded a comparatively higher 14.04% annualized return.
VETY.L
- 1D
- 0.19%
- 1M
- -0.19%
- YTD
- -2.03%
- 6M
- -2.18%
- 1Y
- 0.09%
- 3Y*
- 0.38%
- 5Y*
- -3.27%
- 10Y*
- 0.12%
VEVE.L
- 1D
- -0.07%
- 1M
- 4.06%
- YTD
- 11.86%
- 6M
- 11.81%
- 1Y
- 29.76%
- 3Y*
- 18.36%
- 5Y*
- 13.29%
- 10Y*
- 14.04%
VETY.L vs. VEVE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VETY.L Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | -2.03% | 2.82% | -5.14% | 5.08% | -13.54% | -9.76% | 10.66% | 1.61% | 1.86% | 3.57% |
VEVE.L Vanguard FTSE Developed World UCITS ETF Distributing | 11.86% | 13.81% | 20.22% | 17.45% | -8.34% | 22.68% | 12.44% | 22.90% | -4.39% | 12.62% |
Correlation
The correlation between VETY.L and VEVE.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2016 | 0.17 |
The correlation between VETY.L and VEVE.L shifts across timeframes, from 0.08 (5 years) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VETY.L vs. VEVE.L — Risk / Return Rank
VETY.L
VEVE.L
VETY.L vs. VEVE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VETY.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.
| VETY.L | VEVE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -3.98 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.55 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 4.29 | -4.34 |
| Martin ratioReturn relative to average drawdown | -0.10 | 17.65 | -17.75 |
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
| VETY.L | VEVE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 2.89 | -2.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.43 | 1.01 | -1.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 0.98 | -0.96 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.91 | -0.87 |
Drawdowns
VETY.L vs. VEVE.L - Drawdown Comparison
The maximum VETY.L drawdown since its inception was -26.39%, roughly equal to the maximum VEVE.L drawdown of -25.52%. Use the drawdown chart below to compare losses from any high point for VETY.L and VEVE.L.
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Drawdown Indicators
| VETY.L | VEVE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.39% | -25.52% | -0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -6.94% | +1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -7.67% | -18.34% | +10.67% |
Max Drawdown (5Y)Largest decline over 5 years | -20.49% | -18.34% | -2.15% |
Max Drawdown (10Y)Largest decline over 10 years | -26.39% | -25.52% | -0.87% |
Current DrawdownCurrent decline from peak | -23.46% | -0.35% | -23.11% |
Average DrawdownAverage peak-to-trough decline | -12.50% | -3.41% | -9.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 1.69% | +0.75% |
Volatility
VETY.L vs. VEVE.L - Volatility Comparison
The current volatility for Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VETY.L) is 1.84%, while Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) has a volatility of 2.72%. This indicates that VETY.L experiences smaller price fluctuations and is considered to be less risky 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
| VETY.L | VEVE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 2.72% | -0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 7.55% | -3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.64% | 10.31% | -4.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.56% | 13.09% | -5.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.54% | 14.33% | -5.79% |
VETY.L vs. VEVE.L - Expense Ratio Comparison
VETY.L has a 0.07% expense ratio, which is lower than VEVE.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
VETY.L vs. VEVE.L - Dividend Comparison
VETY.L has not paid dividends to shareholders, while VEVE.L's dividend yield for the trailing twelve months is around 1.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VETY.L Vanguard EUR Eurozone Government Bond UCITS ETF Distributing | 0.00% | 0.00% | 0.28% | 2.11% | 0.54% | 0.09% | 0.17% | 0.60% | 0.63% | 0.54% | 0.37% | 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
VETY.L and VEVE.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VETY.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VETY.L is cheaper with a 0.07% expense ratio, compared with 0.12% for VEVE.L.
VETY.L is categorized as European Government Bonds, while VEVE.L is Global Equities. VETY.L tracks Bloomberg Euro Agg Govt TR EUR, while VEVE.L tracks MSCI ACWI NR USD. Their fees differ too: 0.07% for VETY.L and 0.12% for VEVE.L.
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