VEVE.AS vs. WPAD.AS
VEVE.AS (Vanguard FTSE Developed World UCITS ETF) and WPAD.AS (iShares MSCI World Paris-Aligned Climate UCITS ETF) are both Global Equities funds tracking the MSCI ACWI NR USD, from Vanguard and iShares respectively. Both are passively managed. Over the past 5 years, VEVE.AS returned 13.13%/yr vs 11.89%/yr for WPAD.AS. A 0.56 correlation means they provide meaningful diversification when combined. VEVE.AS charges 0.12%/yr vs 0.20%/yr for WPAD.AS.
Performance
VEVE.AS vs. WPAD.AS - Performance Comparison
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Different Trading Currencies
VEVE.AS is traded in EUR, while WPAD.AS is traded in USD. To make them comparable, the WPAD.AS 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 WPAD.AS's 7.68% 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%
WPAD.AS
- 1D
- 0.03%
- 1M
- 4.85%
- YTD
- 7.68%
- 6M
- 8.02%
- 1Y
- 19.52%
- 3Y*
- 15.73%
- 5Y*
- 11.89%
- 10Y*
- —
VEVE.AS vs. WPAD.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VEVE.AS Vanguard FTSE Developed World UCITS ETF | 12.81% | 8.22% | 26.33% | 19.38% | -13.20% | 16.88% |
WPAD.AS iShares MSCI World Paris-Aligned Climate UCITS ETF | 7.68% | 5.45% | 26.11% | 21.09% | -17.55% | 19.50% |
Correlation
The correlation between VEVE.AS and WPAD.AS is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2021 | 0.56 |
Over the past year, VEVE.AS and WPAD.AS have become more correlated (0.84) than their long-term average of 0.56, meaning their price movements have been converging.
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Return for Risk
VEVE.AS vs. WPAD.AS — Risk / Return Rank
VEVE.AS
WPAD.AS
VEVE.AS vs. WPAD.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 MSCI World Paris-Aligned Climate UCITS ETF (WPAD.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 | WPAD.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.29 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.21 | 2.36 | +1.85 |
| Martin ratioReturn relative to average drawdown | 17.34 | 8.15 | +9.19 |
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 | WPAD.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.35 | 1.60 | +0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 1.03 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.97 | -0.62 |
Drawdowns
VEVE.AS vs. WPAD.AS - Drawdown Comparison
The maximum VEVE.AS drawdown since its inception was -33.57%, which is greater than WPAD.AS's maximum drawdown of -21.37%. Use the drawdown chart below to compare losses from any high point for VEVE.AS and WPAD.AS.
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Drawdown Indicators
| VEVE.AS | WPAD.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -21.37% | -12.20% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -8.89% | +2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -21.08% | -21.37% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -21.08% | -21.37% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -33.57% | — | — |
Current DrawdownCurrent decline from peak | -0.56% | -0.28% | -0.28% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -5.53% | -1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 2.53% | -1.02% |
Volatility
VEVE.AS vs. WPAD.AS - Volatility Comparison
The current volatility for Vanguard FTSE Developed World UCITS ETF (VEVE.AS) is 2.88%, while iShares MSCI World Paris-Aligned Climate UCITS ETF (WPAD.AS) has a volatility of 3.29%. This indicates that VEVE.AS experiences smaller price fluctuations and is considered to be less risky than WPAD.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 | WPAD.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 3.29% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 7.89% | 9.69% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.08% | 13.14% | -2.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 19.08% | -5.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.61% | 19.06% | -1.45% |
VEVE.AS vs. WPAD.AS - Expense Ratio Comparison
VEVE.AS has a 0.12% expense ratio, which is lower than WPAD.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. WPAD.AS - Dividend Comparison
VEVE.AS's dividend yield for the trailing twelve months is around 1.23%, more than WPAD.AS's 0.98% 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% |
WPAD.AS iShares MSCI World Paris-Aligned Climate UCITS ETF | 0.98% | 1.05% | 1.10% | 1.23% | 1.48% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VEVE.AS and WPAD.AS have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 WPAD.AS.
Both ETFs track MSCI ACWI NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.12% for VEVE.AS and 0.20% for WPAD.AS.
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