VEVE.AS vs. VUSA.L
VEVE.AS (Vanguard FTSE Developed World UCITS ETF) and VUSA.L (Vanguard S&P 500 UCITS ETF) are both exchange-traded funds - VEVE.AS is a Global Equities fund tracking the MSCI ACWI NR USD, while VUSA.L is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, VEVE.AS returned 12.95%/yr vs 14.97%/yr for VUSA.L. Their correlation of 0.90 suggests significant overlap in exposure. VEVE.AS charges 0.12%/yr vs 0.07%/yr for VUSA.L.
Performance
VEVE.AS vs. VUSA.L - Performance Comparison
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Different Trading Currencies
VEVE.AS is traded in EUR, while VUSA.L is traded in GBP. To make them comparable, the VUSA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VEVE.AS achieves a 12.81% return, which is significantly higher than VUSA.L's 11.51% return. Over the past 10 years, VEVE.AS has underperformed VUSA.L with an annualized return of 12.95%, while VUSA.L has yielded a comparatively higher 14.97% annualized return.
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%
VUSA.L
- 1D
- -0.06%
- 1M
- 5.32%
- YTD
- 11.51%
- 6M
- 11.59%
- 1Y
- 25.72%
- 3Y*
- 18.83%
- 5Y*
- 14.79%
- 10Y*
- 14.97%
VEVE.AS vs. VUSA.L - 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% |
VUSA.L Vanguard S&P 500 UCITS ETF | 11.51% | 3.69% | 33.47% | 22.35% | -13.71% | 39.50% | 7.48% | 34.59% | -1.35% | 6.35% |
Correlation
The correlation between VEVE.AS and VUSA.L is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.90 |
The correlation between VEVE.AS and VUSA.L has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
VEVE.AS vs. VUSA.L — Risk / Return Rank
VEVE.AS
VUSA.L
VEVE.AS vs. VUSA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed World UCITS ETF (VEVE.AS) and Vanguard S&P 500 UCITS ETF (VUSA.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.
| VEVE.AS | VUSA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.42 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.21 | 3.59 | +0.63 |
| Martin ratioReturn relative to average drawdown | 17.34 | 13.05 | +4.29 |
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 | VUSA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.35 | 2.27 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.98 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.92 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.96 | -0.61 |
Drawdowns
VEVE.AS vs. VUSA.L - Drawdown Comparison
The maximum VEVE.AS drawdown since its inception was -33.57%, roughly equal to the maximum VUSA.L drawdown of -32.91%. Use the drawdown chart below to compare losses from any high point for VEVE.AS and VUSA.L.
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Drawdown Indicators
| VEVE.AS | VUSA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -32.91% | -0.66% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -7.13% | +0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -21.08% | -22.25% | +1.17% |
Max Drawdown (5Y)Largest decline over 5 years | -21.08% | -22.25% | +1.17% |
Max Drawdown (10Y)Largest decline over 10 years | -33.57% | -32.91% | -0.66% |
Current DrawdownCurrent decline from peak | -0.56% | -0.40% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -4.00% | -2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.97% | -0.46% |
Volatility
VEVE.AS vs. VUSA.L - Volatility Comparison
Vanguard FTSE Developed World UCITS ETF (VEVE.AS) has a higher volatility of 2.88% compared to Vanguard S&P 500 UCITS ETF (VUSA.L) at 2.17%. This indicates that VEVE.AS's price experiences larger fluctuations and is considered to be riskier than VUSA.L 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 | VUSA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 2.17% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 7.89% | 7.39% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 11.26% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 15.05% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.61% | 16.17% | +1.44% |
VEVE.AS vs. VUSA.L - Expense Ratio Comparison
VEVE.AS has a 0.12% expense ratio, which is higher than VUSA.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%.
Dividends
VEVE.AS vs. VUSA.L - Dividend Comparison
VEVE.AS's dividend yield for the trailing twelve months is around 1.23%, more than VUSA.L's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VUSA.L Vanguard S&P 500 UCITS ETF | 0.87% | 0.95% | 1.00% | 1.24% | 1.41% | 1.04% | 1.44% | 1.50% | 1.72% | 1.61% | 1.58% | 1.73% |
Frequently Asked Questions
With a correlation of 0.90, VEVE.AS and VUSA.L 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, VUSA.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUSA.L is cheaper with a 0.07% expense ratio, compared with 0.12% for VEVE.AS.
VEVE.AS is categorized as Global Equities, while VUSA.L is S&P 500. VEVE.AS tracks MSCI ACWI NR USD, while VUSA.L tracks S&P 500 Index. Their fees differ too: 0.12% for VEVE.AS and 0.07% for VUSA.L.
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