VETY.L vs. VWRD.L
VETY.L (Vanguard EUR Eurozone Government Bond UCITS ETF Distributing) and VWRD.L (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - VETY.L is a European Government Bonds fund tracking the Bloomberg Euro Agg Govt TR EUR, while VWRD.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 10 years, VETY.L returned 0.12%/yr vs 13.48%/yr for VWRD.L. At a 0.13 correlation, their price movements are largely independent. VETY.L charges 0.07%/yr vs 0.22%/yr for VWRD.L.
Performance
VETY.L vs. VWRD.L - Performance Comparison
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Different Trading Currencies
VETY.L is traded in GBP, while VWRD.L is traded in USD. To make them comparable, the VWRD.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 VWRD.L's 12.08% return. Over the past 10 years, VETY.L has underperformed VWRD.L with an annualized return of 0.12%, while VWRD.L has yielded a comparatively higher 13.48% annualized return.
VETY.L
- 1D
- 0.19%
- 1M
- 0.54%
- YTD
- -2.03%
- 6M
- -2.33%
- 1Y
- -0.25%
- 3Y*
- 0.38%
- 5Y*
- -3.27%
- 10Y*
- 0.12%
VWRD.L
- 1D
- -0.10%
- 1M
- 5.24%
- YTD
- 12.08%
- 6M
- 12.23%
- 1Y
- 29.86%
- 3Y*
- 18.05%
- 5Y*
- 12.45%
- 10Y*
- 13.48%
VETY.L vs. VWRD.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% |
VWRD.L Vanguard FTSE All-World UCITS ETF | 12.08% | 13.66% | 19.71% | 16.20% | -8.46% | 19.64% | 12.72% | 20.89% | -4.35% | 13.61% |
Correlation
The correlation between VETY.L and VWRD.L is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2016 | 0.13 |
The correlation between VETY.L and VWRD.L shifts across timeframes, from 0.05 (5 years) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VETY.L vs. VWRD.L — Risk / Return Rank
VETY.L
VWRD.L
VETY.L vs. VWRD.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 All-World UCITS ETF (VWRD.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 | VWRD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -3.49 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.47 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 4.27 | -4.32 |
| Martin ratioReturn relative to average drawdown | -0.10 | 16.46 | -16.56 |
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 | VWRD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 2.51 | -2.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.43 | 0.88 | -1.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 0.88 | -0.87 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.90 | -0.86 |
Drawdowns
VETY.L vs. VWRD.L - Drawdown Comparison
The maximum VETY.L drawdown since its inception was -26.39%, roughly equal to the maximum VWRD.L drawdown of -25.84%. Use the drawdown chart below to compare losses from any high point for VETY.L and VWRD.L.
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Drawdown Indicators
| VETY.L | VWRD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.39% | -25.84% | -0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -6.96% | +1.85% |
Max Drawdown (3Y)Largest decline over 3 years | -7.67% | -18.11% | +10.44% |
Max Drawdown (5Y)Largest decline over 5 years | -20.49% | -18.11% | -2.38% |
Max Drawdown (10Y)Largest decline over 10 years | -26.39% | -25.84% | -0.55% |
Current DrawdownCurrent decline from peak | -23.46% | -0.43% | -23.03% |
Average DrawdownAverage peak-to-trough decline | -12.50% | -3.47% | -9.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 1.81% | +0.63% |
Volatility
VETY.L vs. VWRD.L - Volatility Comparison
The current volatility for Vanguard EUR Eurozone Government Bond UCITS ETF Distributing (VETY.L) is 1.84%, while Vanguard FTSE All-World UCITS ETF (VWRD.L) has a volatility of 3.68%. This indicates that VETY.L experiences smaller price fluctuations and is considered to be less risky than VWRD.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 | VWRD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.84% | 3.68% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 9.26% | -4.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.64% | 11.85% | -6.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.56% | 14.07% | -6.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.54% | 15.29% | -6.75% |
VETY.L vs. VWRD.L - Expense Ratio Comparison
VETY.L has a 0.07% expense ratio, which is lower than VWRD.L's 0.22% 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. VWRD.L - Dividend Comparison
VETY.L has not paid dividends to shareholders, while VWRD.L's dividend yield for the trailing twelve months is around 1.24%.
| 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% |
VWRD.L Vanguard FTSE All-World UCITS ETF | 1.24% | 1.38% | 1.52% | 1.69% | 2.05% | 1.48% | 1.47% | 1.88% | 2.29% | 1.82% | 2.04% | 2.07% |
Frequently Asked Questions
VETY.L and VWRD.L have a correlation of 0.22, 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 0.22% for VWRD.L.
VETY.L is categorized as European Government Bonds, while VWRD.L is Global Equities. VETY.L tracks Bloomberg Euro Agg Govt TR EUR, while VWRD.L tracks FTSE All-World Index. Their fees differ too: 0.07% for VETY.L and 0.22% for VWRD.L.
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