VEVE.L vs. HMWO.L
Compare and contrast key facts about Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) and HSBC MSCI World UCITS ETF (HMWO.L).
VEVE.L and HMWO.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VEVE.L is a passively managed fund by Vanguard that tracks the performance of the MSCI ACWI NR USD. It was launched on Sep 30, 2014. HMWO.L is a passively managed fund by HSBC that tracks the performance of the MSCI ACWI NR USD. It was launched on Dec 8, 2010. Both VEVE.L and HMWO.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VEVE.L or HMWO.L.
Key characteristics
| VEVE.L | HMWO.L | |
|---|---|---|
| YTD Return | 19.35% | 20.09% |
| 1Y Return | 25.89% | 26.69% |
| 3Y Return (Ann) | 9.05% | 9.01% |
| 5Y Return (Ann) | 12.94% | 12.91% |
| 10Y Return (Ann) | 12.92% | 12.45% |
| Sharpe Ratio | 2.55 | 2.59 |
| Sortino Ratio | 3.56 | 3.63 |
| Omega Ratio | 1.49 | 1.50 |
| Calmar Ratio | 4.08 | 4.13 |
| Martin Ratio | 17.78 | 18.71 |
| Ulcer Index | 1.42% | 1.40% |
| Daily Std Dev | 9.88% | 10.07% |
| Max Drawdown | -25.52% | -25.48% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between VEVE.L and HMWO.L is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VEVE.L vs. HMWO.L - Performance Comparison
The year-to-date returns for both investments are quite close, with VEVE.L having a 19.35% return and HMWO.L slightly higher at 20.09%. Both investments have delivered pretty close results over the past 10 years, with VEVE.L having a 12.92% annualized return and HMWO.L not far behind at 12.45%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VEVE.L vs. HMWO.L - Expense Ratio Comparison
VEVE.L has a 0.12% expense ratio, which is lower than HMWO.L's 0.15% 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%.
Risk-Adjusted Performance
VEVE.L vs. HMWO.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) and HSBC MSCI World UCITS ETF (HMWO.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.
Dividends
VEVE.L vs. HMWO.L - Dividend Comparison
VEVE.L's dividend yield for the trailing twelve months is around 1.17%, less than HMWO.L's 1.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEVE.L Vanguard FTSE Developed World UCITS ETF Distributing | 1.17% | 1.72% | 1.98% | 1.45% | 1.64% | 1.96% | 2.24% | 1.93% | 1.85% | 2.04% | 0.29% | 0.00% |
HMWO.L HSBC MSCI World UCITS ETF | 1.42% | 1.60% | 1.75% | 1.27% | 1.55% | 1.97% | 2.11% | 1.91% | 1.84% | 1.86% | 1.72% | 1.95% |
Drawdowns
VEVE.L vs. HMWO.L - Drawdown Comparison
The maximum VEVE.L drawdown since its inception was -25.52%, roughly equal to the maximum HMWO.L drawdown of -25.48%. Use the drawdown chart below to compare losses from any high point for VEVE.L and HMWO.L. For additional features, visit the drawdowns tool.
Volatility
VEVE.L vs. HMWO.L - Volatility Comparison
Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) and HSBC MSCI World UCITS ETF (HMWO.L) have volatilities of 2.94% and 2.97%, 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.