VETY.L vs. VUSD.L
VETY.L (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) and VUSD.L (Vanguard S&P 500 UCITS ETF) are both exchange-traded funds - VETY.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while VUSD.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, VETY.L returned 0.12%/yr vs 16.07%/yr for VUSD.L. At a 0.11 correlation, their price movements are largely independent. Both charge a 0.07% expense ratio.
Performance
VETY.L vs. VUSD.L - Performance Comparison
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Different Trading Currencies
VETY.L is traded in GBP, while VUSD.L is traded in USD. To make them comparable, the VUSD.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VETY.L achieves a -2.03% return, which is significantly lower than VUSD.L's 10.79% return. Over the past 10 years, VETY.L has underperformed VUSD.L with an annualized return of 0.12%, while VUSD.L has yielded a comparatively higher 16.07% 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%
VUSD.L
- 1D
- 0.02%
- 1M
- 5.47%
- YTD
- 10.79%
- 6M
- 10.36%
- 1Y
- 29.09%
- 3Y*
- 19.10%
- 5Y*
- 14.94%
- 10Y*
- 16.07%
VETY.L vs. VUSD.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% |
VUSD.L Vanguard S&P 500 UCITS ETF | 10.75% | 9.01% | 27.44% | 20.44% | -9.07% | 30.66% | 14.18% | 25.56% | 0.06% | 11.14% |
Correlation
The correlation between VETY.L and VUSD.L is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2016 | 0.11 |
The correlation between VETY.L and VUSD.L shifts across timeframes, from 0.02 (5 years) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VETY.L vs. VUSD.L — Risk / Return Rank
VETY.L
VUSD.L
VETY.L vs. VUSD.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 S&P 500 UCITS ETF (VUSD.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 | VUSD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.30 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.45 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 4.00 | -4.05 |
| Martin ratioReturn relative to average drawdown | -0.10 | 13.60 | -13.70 |
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 | VUSD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 2.42 | -2.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.43 | 0.97 | -1.40 |
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 | 1.03 | -0.99 |
Drawdowns
VETY.L vs. VUSD.L - Drawdown Comparison
The maximum VETY.L drawdown since its inception was -26.39%, roughly equal to the maximum VUSD.L drawdown of -26.02%. Use the drawdown chart below to compare losses from any high point for VETY.L and VUSD.L.
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Drawdown Indicators
| VETY.L | VUSD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.39% | -26.02% | -0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -7.25% | +2.14% |
Max Drawdown (3Y)Largest decline over 3 years | -7.67% | -21.18% | +13.51% |
Max Drawdown (5Y)Largest decline over 5 years | -20.49% | -21.18% | +0.69% |
Max Drawdown (10Y)Largest decline over 10 years | -26.39% | -26.02% | -0.37% |
Current DrawdownCurrent decline from peak | -23.46% | -0.18% | -23.28% |
Average DrawdownAverage peak-to-trough decline | -12.50% | -3.28% | -9.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.13% | +0.31% |
Volatility
VETY.L vs. VUSD.L - Volatility Comparison
The current volatility for Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VETY.L) is 1.84%, while Vanguard S&P 500 UCITS ETF (VUSD.L) has a volatility of 3.43%. This indicates that VETY.L experiences smaller price fluctuations and is considered to be less risky than VUSD.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 | VUSD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 3.43% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 8.63% | -4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.64% | 11.97% | -6.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.56% | 15.43% | -7.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.54% | 16.45% | -7.91% |
VETY.L vs. VUSD.L - Expense Ratio Comparison
Both VETY.L and VUSD.L have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VETY.L vs. VUSD.L - Dividend Comparison
VETY.L has not paid dividends to shareholders, while VUSD.L's dividend yield for the trailing twelve months is around 0.86%.
| 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% |
VUSD.L Vanguard S&P 500 UCITS ETF | 0.86% | 0.94% | 1.03% | 1.22% | 1.43% | 1.06% | 1.34% | 1.45% | 1.78% | 1.54% | 1.72% | 1.78% |
Frequently Asked Questions
VETY.L and VUSD.L have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VETY.L and VUSD.L have the same expense ratio: 0.07% per year.
VETY.L is categorized as European Government Bonds, while VUSD.L is S&P 500. VETY.L tracks Bloomberg Euro Agg Govt TR EUR, while VUSD.L tracks S&P 500 Index.
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