VEVE.AS vs. TRET.AS

Last updated Jul 18, 2026

VEVE.AS (Vanguard FTSE Developed World UCITS ETF) and TRET.AS (VanEck Global Real Estate UCITS ETF) are both exchange-traded funds - VEVE.AS is a Global Equities fund tracking the MSCI ACWI NR USD, while TRET.AS is a REIT fund tracking the FTSE EPRA Nareit Global TR USD. Both are passively managed. Over the past 10 years, VEVE.AS returned 12.64%/yr vs 4.01%/yr for TRET.AS. A 0.61 correlation means they provide meaningful diversification when combined. VEVE.AS charges 0.12%/yr vs 0.25%/yr for TRET.AS.

Performance

VEVE.AS vs. TRET.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE Developed World UCITS ETF (VEVE.AS) and VanEck Global Real Estate UCITS ETF (TRET.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEVE.AS achieves a 14.15% return, which is significantly lower than TRET.AS's 15.90% return. Over the past 10 years, VEVE.AS has outperformed TRET.AS with an annualized return of 12.64%, while TRET.AS has yielded a comparatively lower 4.01% annualized return.

VEVE.AS

• 1D: 0.00%
• 1M: 0.80%
• 6M: 10.86%
• YTD: 14.15%
• 1Y: 24.76%
• 3Y*: 18.47%
• 5Y*: 12.45%
• 10Y*: 12.64%

TRET.AS

• 1D: 1.08%
• 1M: 6.86%
• 6M: 11.36%
• YTD: 15.90%
• 1Y: 20.99%
• 3Y*: 11.56%
• 5Y*: 3.97%
• 10Y*: 4.01%

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

VEVE.AS vs. TRET.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEVE.AS Vanguard FTSE Developed World UCITS ETF	14.15%	8.22%	26.33%	19.38%	-13.20%	31.47%	6.50%	29.40%	-4.85%	8.40%
TRET.AS VanEck Global Real Estate UCITS ETF	15.90%	1.07%	8.21%	9.08%	-21.18%	40.50%	-14.55%	21.60%	0.17%	-3.69%

Correlation

The correlation between VEVE.AS and TRET.AS is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Sep 30, 2014	0.61

Over the past year, the correlation between VEVE.AS and TRET.AS has dropped to 0.29 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.

Return for Risk

VEVE.AS vs. TRET.AS — Risk / Return Rank

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

VEVE.AS

VEVE.AS Risk / Return Rank: 86
VEVE.AS Sharpe Ratio Rank: 84
VEVE.AS Sortino Ratio Rank: 83
VEVE.AS Omega Ratio Rank: 85
VEVE.AS Calmar Ratio Rank: 88
VEVE.AS Martin Ratio Rank: 90

TRET.AS

TRET.AS Risk / Return Rank: 64
TRET.AS Sharpe Ratio Rank: 65
TRET.AS Sortino Ratio Rank: 66
TRET.AS Omega Ratio Rank: 61
TRET.AS Calmar Ratio Rank: 66
TRET.AS Martin Ratio Rank: 62

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.

VEVE.AS vs. TRET.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 VanEck Global Real Estate UCITS ETF (TRET.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VEVE.AS	TRET.AS	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.66	+0.49
Sortino ratio: Return per unit of downside risk	2.98	2.38	+0.60
Omega ratio: Gain probability vs. loss probability	1.40	1.29	+0.11
Calmar ratio: Return relative to maximum drawdown	3.98	2.56	+1.42
Martin ratio: Return relative to average drawdown	15.96	8.48	+7.48

VEVE.AS vs. TRET.AS - Sharpe Ratio Comparison

The current VEVE.AS Sharpe Ratio is 2.15, which is comparable to the TRET.AS Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of VEVE.AS and TRET.AS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VEVE.AS vs. TRET.AS - Drawdown Comparison

The maximum VEVE.AS drawdown since its inception was -33.57%, smaller than the maximum TRET.AS drawdown of -99.20%. Use the drawdown chart below to compare losses from any high point for VEVE.AS and TRET.AS.

Drawdown Indicators

	VEVE.AS	TRET.AS	Difference
Max Drawdown Largest peak-to-trough decline	-33.57%	-99.20%	+65.63%
Max Drawdown (1Y) Largest decline over 1 year	-6.19%	-8.09%	+1.90%
Max Drawdown (3Y) Largest decline over 3 years	-21.08%	-17.23%	-3.85%
Max Drawdown (5Y) Largest decline over 5 years	-21.08%	-30.50%	+9.42%
Max Drawdown (10Y) Largest decline over 10 years	-33.57%	-41.80%	+8.23%
Current Drawdown Current decline from peak	-0.65%	-97.38%	+96.73%
Average Drawdown Average peak-to-trough decline	-6.70%	-96.68%	+89.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	2.46%	-0.91%

Volatility

VEVE.AS vs. TRET.AS - Volatility Comparison

The current volatility for Vanguard FTSE Developed World UCITS ETF (VEVE.AS) is 3.01%, while VanEck Global Real Estate UCITS ETF (TRET.AS) has a volatility of 4.31%. This indicates that VEVE.AS experiences smaller price fluctuations and is considered to be less risky than TRET.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEVE.AS	TRET.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.01%	4.31%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	8.56%	10.07%	-1.51%
Volatility (1Y) Calculated over the trailing 1-year period	11.57%	12.49%	-0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.97%	15.01%	-1.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.59%	16.26%	+1.33%

VEVE.AS vs. TRET.AS - Expense Ratio Comparison

VEVE.AS has a 0.12% expense ratio, which is lower than TRET.AS's 0.25% 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. TRET.AS - Dividend Comparison

VEVE.AS's dividend yield for the trailing twelve months is around 1.25%, less than TRET.AS's 3.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TRET.AS VanEck Global Real Estate UCITS ETF	3.16%	3.65%	3.41%	3.67%	4.68%	1.78%	4.43%	3.33%	4.31%	3.16%	3.13%	2.55%
VEVE.AS Vanguard FTSE Developed World UCITS ETF	1.25%	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

Can I hold both VEVE.AS and TRET.AS in my portfolio?

VEVE.AS and TRET.AS have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VEVE.AS or TRET.AS?

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.

Which ETF is cheaper, VEVE.AS or TRET.AS?

VEVE.AS is cheaper with a 0.12% expense ratio, compared with 0.25% for TRET.AS.

What is the main difference between VEVE.AS and TRET.AS?

VEVE.AS is categorized as Global Equities, while TRET.AS is REIT. VEVE.AS tracks MSCI ACWI NR USD, while TRET.AS tracks FTSE EPRA Nareit Global TR USD. They also come from different issuers: Vanguard and VanEck. Their fees differ too: 0.12% for VEVE.AS and 0.25% for TRET.AS.