VEVE.AS vs. VWRL.AS
VEVE.AS (Vanguard FTSE Developed World UCITS ETF) and VWRL.AS (Vanguard FTSE All-World UCITS ETF (USD) Distributing) are both Global Equities funds from Vanguard - VEVE.AS tracks the MSCI ACWI NR USD while VWRL.AS tracks the FTSE All-World Index. Both are passively managed. Over the past 10 years, VEVE.AS returned 12.95%/yr vs 12.39%/yr for VWRL.AS. With a 0.97 correlation, they move nearly in lockstep. VEVE.AS charges 0.12%/yr vs 0.19%/yr for VWRL.AS.
Performance
VEVE.AS vs. VWRL.AS - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VEVE.AS having a 12.81% return and VWRL.AS slightly higher at 12.89%. Both investments have delivered pretty close results over the past 10 years, with VEVE.AS having a 12.95% annualized return and VWRL.AS not far behind at 12.39%.
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%
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%
VEVE.AS vs. VWRL.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% |
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 VEVE.AS and VWRL.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 | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.97 |
The correlation between VEVE.AS and VWRL.AS has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
VEVE.AS vs. VWRL.AS — Risk / Return Rank
VEVE.AS
VWRL.AS
VEVE.AS vs. VWRL.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 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.
| VEVE.AS | VWRL.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.44 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.21 | 4.00 | +0.22 |
| Martin ratioReturn relative to average drawdown | 17.34 | 16.48 | +0.85 |
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 | VWRL.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.35 | 2.34 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.88 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.82 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.77 | -0.42 |
Drawdowns
VEVE.AS vs. VWRL.AS - Drawdown Comparison
The maximum VEVE.AS drawdown since its inception was -33.57%, roughly equal to the maximum VWRL.AS drawdown of -33.27%. Use the drawdown chart below to compare losses from any high point for VEVE.AS and VWRL.AS.
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Drawdown Indicators
| VEVE.AS | VWRL.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -33.27% | -0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -6.53% | +0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -21.08% | -21.00% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -21.08% | -21.00% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -33.57% | -33.27% | -0.30% |
Current DrawdownCurrent decline from peak | -0.56% | -0.61% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -4.38% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.59% | -0.08% |
Volatility
VEVE.AS vs. VWRL.AS - Volatility Comparison
The current volatility for Vanguard FTSE Developed World UCITS ETF (VEVE.AS) is 2.88%, while Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS) has a volatility of 3.07%. This indicates that VEVE.AS experiences smaller price fluctuations and is considered to be less risky 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
| VEVE.AS | VWRL.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 3.07% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 7.89% | 8.03% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 11.16% | -0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 13.70% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.61% | 14.82% | +2.79% |
VEVE.AS vs. VWRL.AS - Expense Ratio Comparison
VEVE.AS has a 0.12% 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
VEVE.AS vs. VWRL.AS - Dividend Comparison
VEVE.AS's dividend yield for the trailing twelve months is around 1.23%, which matches VWRL.AS's 1.24% 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% |
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
With a correlation of 0.97, VEVE.AS and VWRL.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 0.19% for VWRL.AS.
VEVE.AS tracks MSCI ACWI NR USD, while VWRL.AS tracks FTSE All-World Index. Their fees differ too: 0.12% for VEVE.AS and 0.19% for VWRL.AS.
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