VEUR.AS vs. VWRL.AS
VEUR.AS (Vanguard FTSE Developed Europe UCITS ETF) and VWRL.AS (Vanguard FTSE All-World UCITS ETF (USD) Distributing) are both exchange-traded funds - VEUR.AS is a Europe Equities fund tracking the MSCI Europe NR EUR, while VWRL.AS is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 10 years, VEUR.AS returned 9.23%/yr vs 12.39%/yr for VWRL.AS. Their correlation of 0.84 suggests significant overlap in exposure. VEUR.AS charges 0.10%/yr vs 0.19%/yr for VWRL.AS.
Performance
VEUR.AS vs. VWRL.AS - Performance Comparison
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Returns By Period
In the year-to-date period, VEUR.AS achieves a 7.16% return, which is significantly lower than VWRL.AS's 12.89% return. Over the past 10 years, VEUR.AS has underperformed VWRL.AS with an annualized return of 9.23%, while VWRL.AS has yielded a comparatively higher 12.39% annualized return.
VEUR.AS
- 1D
- 0.57%
- 1M
- 3.20%
- YTD
- 7.16%
- 6M
- 9.88%
- 1Y
- 16.32%
- 3Y*
- 14.06%
- 5Y*
- 9.93%
- 10Y*
- 9.23%
VWRL.AS
- 1D
- -0.19%
- 1M
- 5.02%
- YTD
- 12.89%
- 6M
- 13.40%
- 1Y
- 26.44%
- 3Y*
- 17.84%
- 5Y*
- 12.29%
- 10Y*
- 12.39%
VEUR.AS vs. VWRL.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEUR.AS Vanguard FTSE Developed Europe UCITS ETF | 7.16% | 19.69% | 10.27% | 16.15% | -10.11% | 25.55% | -2.72% | 25.95% | -10.04% | 10.80% |
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing | 12.89% | 8.40% | 25.57% | 18.07% | -13.65% | 28.52% | 6.31% | 27.76% | -4.68% | 8.95% |
Correlation
The correlation between VEUR.AS and VWRL.AS is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2013 | 0.84 |
The correlation between VEUR.AS and VWRL.AS shifts across timeframes, from 0.72 (3 years) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VEUR.AS vs. VWRL.AS — Risk / Return Rank
VEUR.AS
VWRL.AS
VEUR.AS vs. VWRL.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF (VEUR.AS) and Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS). 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.
| VEUR.AS | VWRL.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.44 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 4.00 | -2.32 |
| Martin ratioReturn relative to average drawdown | 6.34 | 16.48 | -10.15 |
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
| VEUR.AS | VWRL.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.34 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.88 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.82 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.77 | -0.25 |
Drawdowns
VEUR.AS vs. VWRL.AS - Drawdown Comparison
The maximum VEUR.AS drawdown since its inception was -35.63%, which is greater than VWRL.AS's maximum drawdown of -33.27%. Use the drawdown chart below to compare losses from any high point for VEUR.AS and VWRL.AS.
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Drawdown Indicators
| VEUR.AS | VWRL.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.63% | -33.27% | -2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -6.53% | -3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -16.41% | -21.00% | +4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -20.19% | -21.00% | +0.81% |
Max Drawdown (10Y)Largest decline over 10 years | -35.63% | -33.27% | -2.36% |
Current DrawdownCurrent decline from peak | -1.62% | -0.61% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -4.38% | -0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 1.59% | +0.96% |
Volatility
VEUR.AS vs. VWRL.AS - Volatility Comparison
Vanguard FTSE Developed Europe UCITS ETF (VEUR.AS) has a higher volatility of 4.38% compared to Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS) at 3.07%. This indicates that VEUR.AS's price experiences larger fluctuations and is considered to be riskier than VWRL.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEUR.AS | VWRL.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 3.07% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 8.03% | +2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.81% | 11.16% | +1.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 13.70% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 14.82% | +0.69% |
VEUR.AS vs. VWRL.AS - Expense Ratio Comparison
VEUR.AS has a 0.10% expense ratio, which is lower than VWRL.AS's 0.19% 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
VEUR.AS vs. VWRL.AS - Dividend Comparison
VEUR.AS's dividend yield for the trailing twelve months is around 2.60%, more than VWRL.AS's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEUR.AS Vanguard FTSE Developed Europe UCITS ETF | 2.60% | 2.79% | 3.04% | 3.00% | 3.32% | 2.66% | 2.24% | 3.24% | 3.62% | 3.05% | 3.19% | 3.10% |
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing | 1.24% | 1.42% | 1.47% | 1.74% | 2.10% | 1.43% | 1.56% | 1.89% | 2.24% | 1.93% | 1.95% | 2.03% |
Frequently Asked Questions
VEUR.AS and VWRL.AS have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEUR.AS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEUR.AS is cheaper with a 0.10% expense ratio, compared with 0.19% for VWRL.AS.
VEUR.AS is categorized as Europe Equities, while VWRL.AS is Global Equities. VEUR.AS tracks MSCI Europe NR EUR, while VWRL.AS tracks FTSE All-World Index. Their fees differ too: 0.10% for VEUR.AS and 0.19% for VWRL.AS.
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