VEVE.AS vs. VXUS
VEVE.AS (Vanguard FTSE Developed World UCITS ETF) and VXUS (Vanguard Total International Stock ETF) are both Global Equities funds from Vanguard - VEVE.AS tracks the MSCI ACWI NR USD while VXUS tracks the FTSE Global All Cap ex US Index. Both are passively managed. Over the past 10 years, VEVE.AS returned 12.95%/yr vs 9.44%/yr for VXUS. A 0.63 correlation means they provide meaningful diversification when combined. VEVE.AS charges 0.12%/yr vs 0.05%/yr for VXUS.
Performance
VEVE.AS vs. VXUS - Performance Comparison
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Different Trading Currencies
VEVE.AS is traded in EUR, while VXUS is traded in USD. To make them comparable, the VXUS 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 lower than VXUS's 15.62% return. Over the past 10 years, VEVE.AS has outperformed VXUS with an annualized return of 12.95%, while VXUS has yielded a comparatively lower 9.44% 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%
VXUS
- 1D
- 0.00%
- 1M
- 3.97%
- YTD
- 15.62%
- 6M
- 17.05%
- 1Y
- 29.02%
- 3Y*
- 16.33%
- 5Y*
- 9.48%
- 10Y*
- 9.44%
VEVE.AS vs. VXUS - 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% |
VXUS Vanguard Total International Stock ETF | 15.75% | 16.64% | 12.01% | 12.39% | -10.88% | 17.14% | 1.54% | 24.50% | -10.41% | 11.79% |
Correlation
The correlation between VEVE.AS and VXUS is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014 | 0.63 |
The correlation between VEVE.AS and VXUS has been stable across timeframes, ranging from 0.56 to 0.63 - a consistent structural relationship.
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Return for Risk
VEVE.AS vs. VXUS — Risk / Return Rank
VEVE.AS
VXUS
VEVE.AS vs. VXUS - 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 Total International Stock ETF (VXUS). 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 | VXUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.42 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.21 | 3.12 | +1.09 |
| Martin ratioReturn relative to average drawdown | 17.34 | 13.12 | +4.21 |
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 | VXUS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.35 | 2.17 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.69 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.59 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.48 | -0.13 |
Drawdowns
VEVE.AS vs. VXUS - Drawdown Comparison
The maximum VEVE.AS drawdown since its inception was -33.57%, roughly equal to the maximum VXUS drawdown of -33.67%. Use the drawdown chart below to compare losses from any high point for VEVE.AS and VXUS.
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Drawdown Indicators
| VEVE.AS | VXUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -33.67% | +0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -9.33% | +3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -21.08% | -16.06% | -5.02% |
Max Drawdown (5Y)Largest decline over 5 years | -21.08% | -16.80% | -4.28% |
Max Drawdown (10Y)Largest decline over 10 years | -33.57% | -33.67% | +0.10% |
Current DrawdownCurrent decline from peak | -0.56% | -0.77% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -5.65% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 2.22% | -0.71% |
Volatility
VEVE.AS vs. VXUS - Volatility Comparison
The current volatility for Vanguard FTSE Developed World UCITS ETF (VEVE.AS) is 2.88%, while Vanguard Total International Stock ETF (VXUS) has a volatility of 4.58%. This indicates that VEVE.AS experiences smaller price fluctuations and is considered to be less risky than VXUS 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 | VXUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 4.58% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 7.89% | 11.29% | -3.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 13.41% | -2.33% |
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% | 16.00% | +1.61% |
VEVE.AS vs. VXUS - Expense Ratio Comparison
VEVE.AS has a 0.12% expense ratio, which is higher than VXUS's 0.05% 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. VXUS - Dividend Comparison
VEVE.AS's dividend yield for the trailing twelve months is around 1.23%, less than VXUS's 2.65% 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% |
VXUS Vanguard Total International Stock ETF | 2.65% | 3.18% | 3.37% | 3.24% | 3.09% | 3.10% | 2.14% | 3.06% | 3.18% | 2.73% | 2.93% | 2.83% |
Frequently Asked Questions
VEVE.AS and VXUS have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VXUS is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VXUS is cheaper with a 0.05% expense ratio, compared with 0.12% for VEVE.AS.
VEVE.AS tracks MSCI ACWI NR USD, while VXUS tracks FTSE Global All Cap ex US Index. Their fees differ too: 0.12% for VEVE.AS and 0.05% for VXUS.
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