VEVE.AS vs. IWDA.AS
VEVE.AS (Vanguard FTSE Developed World UCITS ETF) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds - VEVE.AS tracks the MSCI ACWI NR USD while IWDA.AS tracks the MSCI World Index. Both are passively managed. Over the past 10 years, VEVE.AS returned 12.95%/yr vs 12.81%/yr for IWDA.AS. With a 0.98 correlation, they move nearly in lockstep. VEVE.AS charges 0.12%/yr vs 0.20%/yr for IWDA.AS.
Performance
VEVE.AS vs. IWDA.AS - Performance Comparison
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Returns By Period
In the year-to-date period, VEVE.AS achieves a 12.81% return, which is significantly higher than IWDA.AS's 11.06% return. Both investments have delivered pretty close results over the past 10 years, with VEVE.AS having a 12.95% annualized return and IWDA.AS not far behind at 12.81%.
VEVE.AS
- 1D
- -0.27%
- 1M
- 5.23%
- YTD
- 12.81%
- 6M
- 13.33%
- 1Y
- 26.42%
- 3Y*
- 18.25%
- 5Y*
- 13.13%
- 10Y*
- 12.95%
IWDA.AS
- 1D
- -0.03%
- 1M
- 4.79%
- YTD
- 11.06%
- 6M
- 11.31%
- 1Y
- 23.80%
- 3Y*
- 17.53%
- 5Y*
- 12.88%
- 10Y*
- 12.81%
VEVE.AS vs. IWDA.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEVE.AS Vanguard FTSE Developed World UCITS ETF | 12.81% | 8.22% | 26.33% | 19.38% | -13.20% | 31.47% | 6.50% | 29.40% | -4.85% | 8.40% |
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.06% | 7.08% | 27.23% | 19.89% | -13.54% | 32.54% | 6.20% | 29.58% | -4.16% | 7.49% |
Correlation
The correlation between VEVE.AS and IWDA.AS is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.98 |
The correlation between VEVE.AS and IWDA.AS has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
VEVE.AS vs. IWDA.AS — Risk / Return Rank
VEVE.AS
IWDA.AS
VEVE.AS vs. IWDA.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed World UCITS ETF (VEVE.AS) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.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.
| VEVE.AS | IWDA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.41 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.21 | 3.64 | +0.57 |
| Martin ratioReturn relative to average drawdown | 17.34 | 14.53 | +2.81 |
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
| VEVE.AS | IWDA.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.35 | 2.15 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.90 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.84 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.82 | -0.47 |
Drawdowns
VEVE.AS vs. IWDA.AS - Drawdown Comparison
The maximum VEVE.AS drawdown since its inception was -33.57%, roughly equal to the maximum IWDA.AS drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for VEVE.AS and IWDA.AS.
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Drawdown Indicators
| VEVE.AS | IWDA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -33.63% | +0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -6.45% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -21.08% | -21.59% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -21.08% | -21.59% | +0.51% |
Max Drawdown (10Y)Largest decline over 10 years | -33.57% | -33.63% | +0.06% |
Current DrawdownCurrent decline from peak | -0.56% | -0.34% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -4.25% | -2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.63% | -0.12% |
Volatility
VEVE.AS vs. IWDA.AS - Volatility Comparison
Vanguard FTSE Developed World UCITS ETF (VEVE.AS) has a higher volatility of 2.88% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) at 2.62%. This indicates that VEVE.AS's price experiences larger fluctuations and is considered to be riskier than IWDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEVE.AS | IWDA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 2.62% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 7.89% | 7.61% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 10.90% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 14.08% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.61% | 14.99% | +2.62% |
VEVE.AS vs. IWDA.AS - Expense Ratio Comparison
VEVE.AS has a 0.12% expense ratio, which is lower than IWDA.AS's 0.20% 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
VEVE.AS vs. IWDA.AS - Dividend Comparison
VEVE.AS's dividend yield for the trailing twelve months is around 1.23%, while IWDA.AS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEVE.AS Vanguard FTSE Developed World UCITS ETF | 1.23% | 1.41% | 1.46% | 1.73% | 2.04% | 1.43% | 1.61% | 1.89% | 2.28% | 1.97% | 1.98% | 2.05% |
Frequently Asked Questions
With a correlation of 0.97, VEVE.AS and IWDA.AS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, VEVE.AS is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEVE.AS is cheaper with a 0.12% expense ratio, compared with 0.20% for IWDA.AS.
VEVE.AS tracks MSCI ACWI NR USD, while IWDA.AS tracks MSCI World Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.12% for VEVE.AS and 0.20% for IWDA.AS.
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