VEUD.L vs. VUAG.L

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard FTSE Developed Europe UCITS ETF (VEUD.L) and Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L).

VEUD.L and VUAG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VEUD.L is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed Europe Index. It was launched on Jul 23, 2019. VUAG.L is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on May 14, 2019. Both VEUD.L and VUAG.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VEUD.L vs. VUAG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Developed Europe UCITS ETF (VEUD.L) and Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L). The values are adjusted to include any dividend payments, if applicable.

VEUD.L vs. VUAG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VEUD.L Vanguard FTSE Developed Europe UCITS ETF	-2.84%	35.25%	2.71%	20.11%	-14.44%	15.42%	6.42%	10.35%
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating	-6.16%	17.61%	25.21%	25.98%	-18.62%	29.78%	210.27%	13.21%

Different Trading Currencies

VEUD.L is traded in USD, while VUAG.L is traded in GBP. To make them comparable, the VUAG.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VEUD.L achieves a -2.84% return, which is significantly higher than VUAG.L's -6.83% return.

VEUD.L

• 1D: 1.12%
• 1M: -10.19%
• YTD: -2.84%
• 6M: 3.48%
• 1Y: 19.41%
• 3Y*: 13.83%
• 5Y*: 8.84%
• 10Y*: —

VUAG.L

• 1D: 0.00%
• 1M: -6.93%
• YTD: -6.83%
• 6M: -3.24%
• 1Y: 16.50%
• 3Y*: 17.64%
• 5Y*: 11.14%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VEUD.L vs. VUAG.L - Expense Ratio Comparison

VEUD.L has a 0.10% expense ratio, which is higher than VUAG.L's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

VEUD.L

Vanguard FTSE Developed Europe UCITS ETF

VUAG.L

Vanguard S&P 500 UCITS ETF (USD) Accumulating

Return for Risk

VEUD.L vs. VUAG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VEUD.L

VEUD.L Risk / Return Rank: 60
VEUD.L Sharpe Ratio Rank: 64
VEUD.L Sortino Ratio Rank: 59
VEUD.L Omega Ratio Rank: 62
VEUD.L Calmar Ratio Rank: 60
VEUD.L Martin Ratio Rank: 56

VUAG.L

VUAG.L Risk / Return Rank: 55
VUAG.L Sharpe Ratio Rank: 57
VUAG.L Sortino Ratio Rank: 56
VUAG.L Omega Ratio Rank: 57
VUAG.L Calmar Ratio Rank: 54
VUAG.L Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VEUD.L vs. VUAG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF (VEUD.L) and Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.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.

	VEUD.L	VUAG.L	Difference
Sharpe ratio Return per unit of total volatility	1.16	1.03	+0.13
Sortino ratio Return per unit of downside risk	1.56	1.50	+0.06
Omega ratio Gain probability vs. loss probability	1.24	1.21	+0.02
Calmar ratio Return relative to maximum drawdown	1.58	1.22	+0.36
Martin ratio Return relative to average drawdown	5.77	5.74	+0.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEUD.L vs. VUAG.L - Sharpe Ratio Comparison

The current VEUD.L Sharpe Ratio is 1.16, which is comparable to the VUAG.L Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of VEUD.L and VUAG.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VEUD.L	VUAG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	1.03	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.71	-0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.84	-0.36

Correlation

The correlation between VEUD.L and VUAG.L is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

VEUD.L vs. VUAG.L - Dividend Comparison

VEUD.L's dividend yield for the trailing twelve months is around 2.83%, while VUAG.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
VEUD.L Vanguard FTSE Developed Europe UCITS ETF	2.83%	2.73%	3.17%	2.93%	3.25%	2.77%	2.10%	3.25%	3.70%	2.86%	2.79%
VUAG.L Vanguard S&P 500 UCITS ETF (USD) Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	71.39%	0.00%	0.00%	0.00%	0.00%

Drawdowns

VEUD.L vs. VUAG.L - Drawdown Comparison

The maximum VEUD.L drawdown since its inception was -36.05%, which is greater than VUAG.L's maximum drawdown of -33.59%. Use the drawdown chart below to compare losses from any high point for VEUD.L and VUAG.L.

Drawdown Indicators

	VEUD.L	VUAG.L	Difference
Max Drawdown Largest peak-to-trough decline	-36.05%	-25.61%	-10.44%
Max Drawdown (1Y) Largest decline over 1 year	-11.57%	-10.53%	-1.04%
Max Drawdown (5Y) Largest decline over 5 years	-31.31%	-20.88%	-10.43%
Current Drawdown Current decline from peak	-10.19%	-6.23%	-3.96%
Average Drawdown Average peak-to-trough decline	-6.39%	-3.57%	-2.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	2.76%	+0.41%

Volatility

VEUD.L vs. VUAG.L - Volatility Comparison

Vanguard FTSE Developed Europe UCITS ETF (VEUD.L) has a higher volatility of 7.23% compared to Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L) at 3.78%. This indicates that VEUD.L's price experiences larger fluctuations and is considered to be riskier than VUAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEUD.L	VUAG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.23%	3.78%	+3.45%
Volatility (6M) Calculated over the trailing 6-month period	10.47%	8.36%	+2.11%
Volatility (1Y) Calculated over the trailing 1-year period	16.75%	16.02%	+0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.55%	15.68%	+1.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.82%	36.89%	-19.07%