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VEVE.L vs. CUKX.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VEVE.L vs. CUKX.L

Last updated Jun 13, 2026

VEVE.L (Vanguard FTSE Developed World UCITS ETF Distributing) and CUKX.L (iShares FTSE 100 UCITS ETF) are both exchange-traded funds - VEVE.L is a Global Equities fund tracking the MSCI ACWI NR USD, while CUKX.L is a fund fund tracking the FTSE 100 Index. Both are passively managed. Over the past 10 years, VEVE.L returned 14.06%/yr vs 9.82%/yr for CUKX.L. A 0.72 correlation means they provide meaningful diversification when combined. VEVE.L charges 0.12%/yr vs 0.07%/yr for CUKX.L.

Performance

VEVE.L vs. CUKX.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) and iShares FTSE 100 UCITS ETF (CUKX.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VEVE.L is traded in GBP, while CUKX.L is traded in GBp. To make them comparable, the CUKX.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, VEVE.L achieves a 10.77% return, which is significantly higher than CUKX.L's 7.04% return. Over the past 10 years, VEVE.L has outperformed CUKX.L with an annualized return of 14.06%, while CUKX.L has yielded a comparatively lower 9.82% annualized return.

VEVE.L

1D
1.79%
1M
0.63%
YTD
10.77%
6M
11.37%
1Y
28.30%
3Y*
17.81%
5Y*
12.89%
10Y*
14.06%

CUKX.L

1D
1.55%
1M
1.52%
YTD
7.04%
6M
10.02%
1Y
21.65%
3Y*
15.22%
5Y*
11.77%
10Y*
9.82%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VEVE.L vs. CUKX.L - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VEVE.L
Vanguard FTSE Developed World UCITS ETF Distributing		10.77%13.81%20.22%17.46%-8.34%22.68%12.44%22.89%-4.39%12.62%
CUKX.L
iShares FTSE 100 UCITS ETF		7.04%25.78%9.30%7.72%4.97%17.48%-11.28%17.23%-9.05%12.45%

Correlation

The correlation between VEVE.L and CUKX.L is 0.57, 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

0.57

Correlation (3Y)
Calculated over the trailing 3-year period

0.57

Correlation (5Y)
Calculated over the trailing 5-year period

0.61

Correlation (10Y)
Calculated over the trailing 10-year period

0.71

Correlation (All Time)
Calculated using the full available price history since Sep 30, 2014

0.72

The correlation between VEVE.L and CUKX.L shifts across timeframes, from 0.57 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.

VEVE.L vs. CUKX.L - Sectors Allocation Comparison

Sectors
VEVE.L
CUKX.L

Technology

29.0%
0.8%

Financial Services

15.6%
25.1%

Industrials

11.5%
14.0%

Consumer Cyclical

9.3%
5.1%

Communication Services

9.0%
2.6%

Healthcare

8.5%
13.5%

Consumer Defensive

5.1%
13.0%

Energy

4.1%
10.9%

Basic Materials

3.4%
9.1%

Utilities

2.6%
5.0%

Real Estate

2.0%
0.9%

Technology

VEVE.L
29.0%
CUKX.L
0.8%

Financial Services

VEVE.L
15.6%
CUKX.L
25.1%

Industrials

VEVE.L
11.5%
CUKX.L
14.0%

Consumer Cyclical

VEVE.L
9.3%
CUKX.L
5.1%

Communication Services

VEVE.L
9.0%
CUKX.L
2.6%

Healthcare

VEVE.L
8.5%
CUKX.L
13.5%

Consumer Defensive

VEVE.L
5.1%
CUKX.L
13.0%

Energy

VEVE.L
4.1%
CUKX.L
10.9%

Basic Materials

VEVE.L
3.4%
CUKX.L
9.1%

Utilities

VEVE.L
2.6%
CUKX.L
5.0%

Real Estate

VEVE.L
2.0%
CUKX.L
0.9%

Compare stocks, funds, or ETFs

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Vanguard FTSE Developed World UCITS ETF Distributing

iShares FTSE 100 UCITS ETF

Often compared with VEVE.L:
VEVE.L vs. VWRL.LVEVE.L vs. VUSA.LVEVE.L vs. VFEM.DEVEVE.L vs. HMWO.LVEVE.L vs. FTWG.LVEVE.L vs. LGGG.LVEVE.L vs. VNRT.L
Often compared with CUKX.L:
CUKX.L vs. VUKG.LCUKX.L vs. IUKD.LCUKX.L vs. FTAL.LCUKX.L vs. CSUK.LCUKX.L vs. VUKE.DECUKX.L vs. S100.LCUKX.L vs. CPJ1.L

Return for Risk

VEVE.L vs. CUKX.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VEVE.L
VEVE.L Risk / Return Rank: 8787
Overall Rank
VEVE.L Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
VEVE.L Sortino Ratio Rank: 8989
Sortino Ratio Rank
VEVE.L Omega Ratio Rank: 8989
Omega Ratio Rank
VEVE.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
VEVE.L Martin Ratio Rank: 8787
Martin Ratio Rank
CUKX.L
CUKX.L Risk / Return Rank: 6464
Overall Rank
CUKX.L Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
CUKX.L Sortino Ratio Rank: 7070
Sortino Ratio Rank
CUKX.L Omega Ratio Rank: 7171
Omega Ratio Rank
CUKX.L Calmar Ratio Rank: 5555
Calmar Ratio Rank
CUKX.L Martin Ratio Rank: 5353
Martin Ratio Rank
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.L vs. CUKX.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) and iShares FTSE 100 UCITS ETF (CUKX.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.

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.LCUKX.LDifference
Sharpe ratioReturn per unit of total volatility
2.59
1.95

+0.64

Sortino ratioReturn per unit of downside risk
3.57
2.73

+0.84

Omega ratioGain probability vs. loss probability

1.49

1.36

+0.13

Calmar ratioReturn relative to maximum drawdown

3.96

2.42

+1.54

Martin ratioReturn relative to average drawdown

15.94

7.99

+7.95

VEVE.L vs. CUKX.L - Sharpe Ratio Comparison

The current VEVE.L Sharpe Ratio is 2.59, which is higher than the CUKX.L Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of VEVE.L and CUKX.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VEVE.L vs. CUKX.L - Drawdown Comparison

The maximum VEVE.L drawdown since its inception was -25.53%, smaller than the maximum CUKX.L drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for VEVE.L and CUKX.L.

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Drawdown Indicators

VEVE.LCUKX.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.53%

-34.50%

+8.97%

Max Drawdown (1Y)

Largest decline over 1 year

-6.94%

-8.89%

+1.95%

Max Drawdown (3Y)

Largest decline over 3 years

-18.34%

-12.88%

-5.46%

Max Drawdown (5Y)

Largest decline over 5 years

-18.34%

-12.88%

-5.46%

Max Drawdown (10Y)

Largest decline over 10 years

-25.53%

-34.50%

+8.97%

Current Drawdown

Current decline from peak

-1.32%

-3.09%

+1.77%

Average Drawdown

Average peak-to-trough decline

-3.41%

-4.32%

+0.91%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.73%

2.70%

-0.97%

Volatility

VEVE.L vs. CUKX.L - Volatility Comparison

Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) and iShares FTSE 100 UCITS ETF (CUKX.L) have volatilities of 3.53% and 3.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VEVE.LCUKX.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.53%

3.63%

-0.10%

Volatility (6M)

Calculated over the trailing 6-month period

7.96%

9.68%

-1.72%

Volatility (1Y)

Calculated over the trailing 1-year period

10.64%

11.06%

-0.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.14%

12.73%

+0.41%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.35%

15.08%

-0.73%

VEVE.L vs. CUKX.L - Expense Ratio Comparison

VEVE.L has a 0.12% expense ratio, which is higher than CUKX.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.L vs. CUKX.L - Dividend Comparison

VEVE.L's dividend yield for the trailing twelve months is around 1.24%, while CUKX.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
CUKX.L
iShares FTSE 100 UCITS ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VEVE.L
Vanguard FTSE Developed World UCITS ETF Distributing		1.24%1.38%1.48%1.71%1.98%1.46%1.62%1.95%2.24%1.93%1.88%2.03%

Frequently Asked Questions

VEVE.L and CUKX.L have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CUKX.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CUKX.L is cheaper with a 0.07% expense ratio, compared with 0.12% for VEVE.L.

VEVE.L tracks MSCI ACWI NR USD, while CUKX.L tracks FTSE 100 Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.12% for VEVE.L and 0.07% for CUKX.L.

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