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

VEVE.L vs. ISWD.L

Last updated Jun 5, 2026

VEVE.L (Vanguard FTSE Developed World UCITS ETF Distributing) and ISWD.L (iShares MSCI World Islamic UCITS ETF USD (Dist)) are both Global Equities funds - VEVE.L tracks the MSCI ACWI NR USD while ISWD.L tracks the MSCI World Islamic Index. Both are passively managed. Over the past 10 years, VEVE.L returned 14.04%/yr vs 12.58%/yr for ISWD.L. Their correlation of 0.94 suggests significant overlap in exposure. VEVE.L charges 0.12%/yr vs 0.60%/yr for ISWD.L.

Performance

VEVE.L vs. ISWD.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 MSCI World Islamic UCITS ETF USD (Dist) (ISWD.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 ISWD.L is traded in GBp. To make them comparable, the ISWD.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 11.86% return, which is significantly lower than ISWD.L's 20.06% return. Over the past 10 years, VEVE.L has outperformed ISWD.L with an annualized return of 14.04%, while ISWD.L has yielded a comparatively lower 12.58% annualized return.

VEVE.L

1D
-0.07%
1M
5.51%
YTD
11.86%
6M
12.36%
1Y
29.91%
3Y*
18.36%
5Y*
13.29%
10Y*
14.04%

ISWD.L

1D
-0.25%
1M
9.64%
YTD
20.06%
6M
20.12%
1Y
38.63%
3Y*
15.87%
5Y*
13.67%
10Y*
12.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)202520242023202220212020201920182017
VEVE.L
Vanguard FTSE Developed World UCITS ETF Distributing		11.86%13.81%20.22%17.45%-8.34%22.68%12.44%22.90%-4.39%12.62%
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		20.06%11.58%7.85%17.25%-0.87%23.70%5.11%17.98%-3.81%9.22%

Correlation

The correlation between VEVE.L and ISWD.L is 0.87, 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

0.87

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

0.91

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

0.91

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

0.94

Correlation (All Time)
Calculated using the full available price history since Oct 2, 2014

0.94

The correlation between VEVE.L and ISWD.L has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.

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

Sectors
VEVE.L
ISWD.L

Technology

29.0%
42.8%

Financial Services

15.6%
0.0%

Industrials

11.5%
12.9%

Consumer Cyclical

9.3%
6.9%

Communication Services

9.0%
0.4%

Healthcare

8.5%
10.4%

Consumer Defensive

5.1%
3.7%

Energy

4.1%
11.6%

Basic Materials

3.4%
9.6%

Utilities

2.6%
1.1%

Real Estate

2.0%
0.2%

Technology

VEVE.L
29.0%
ISWD.L
42.8%

Financial Services

VEVE.L
15.6%
ISWD.L
0.0%

Industrials

VEVE.L
11.5%
ISWD.L
12.9%

Consumer Cyclical

VEVE.L
9.3%
ISWD.L
6.9%

Communication Services

VEVE.L
9.0%
ISWD.L
0.4%

Healthcare

VEVE.L
8.5%
ISWD.L
10.4%

Consumer Defensive

VEVE.L
5.1%
ISWD.L
3.7%

Energy

VEVE.L
4.1%
ISWD.L
11.6%

Basic Materials

VEVE.L
3.4%
ISWD.L
9.6%

Utilities

VEVE.L
2.6%
ISWD.L
1.1%

Real Estate

VEVE.L
2.0%
ISWD.L
0.2%

Compare stocks, funds, or ETFs

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Vanguard FTSE Developed World UCITS ETF Distributing

iShares MSCI World Islamic UCITS ETF USD (Dist)

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 ISWD.L:
ISWD.L vs. IGDA.LISWD.L vs. SPUSISWD.L vs. HLALISWD.L vs. VOOISWD.L vs. SPWOISWD.L vs. UMMAISWD.L vs. HIWS.L

Return for Risk

VEVE.L vs. ISWD.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: 8686
Overall Rank
VEVE.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
VEVE.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
VEVE.L Omega Ratio Rank: 8989
Omega Ratio Rank
VEVE.L Calmar Ratio Rank: 8282
Calmar Ratio Rank
VEVE.L Martin Ratio Rank: 8585
Martin Ratio Rank
ISWD.L
ISWD.L Risk / Return Rank: 9393
Overall Rank
ISWD.L Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
ISWD.L Sortino Ratio Rank: 9393
Sortino Ratio Rank
ISWD.L Omega Ratio Rank: 9393
Omega Ratio Rank
ISWD.L Calmar Ratio Rank: 9494
Calmar Ratio Rank
ISWD.L Martin Ratio Rank: 9393
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. ISWD.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 MSCI World Islamic UCITS ETF USD (Dist) (ISWD.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.

VEVE.LISWD.LDifference
Sharpe ratioReturn per unit of total volatility
2.89
3.40

-0.51

Sortino ratioReturn per unit of downside risk
3.96
4.58

-0.62

Omega ratioGain probability vs. loss probability

1.55

1.63

-0.07

Calmar ratioReturn relative to maximum drawdown

4.29

6.98

-2.69

Martin ratioReturn relative to average drawdown

17.65

23.95

-6.30

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current VEVE.L Sharpe Ratio is 2.89, which is comparable to the ISWD.L Sharpe Ratio of 3.40. The chart below compares the historical Sharpe Ratios of VEVE.L and ISWD.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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Sharpe Ratios by Period

VEVE.LISWD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.89

3.40

-0.51

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

1.03

-0.02

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.98

0.88

+0.10

Sharpe Ratio (All Time)

Calculated using the full available price history

0.91

0.74

+0.17

Drawdowns

VEVE.L vs. ISWD.L - Drawdown Comparison

The maximum VEVE.L drawdown since its inception was -25.52%, smaller than the maximum ISWD.L drawdown of -31.52%. Use the drawdown chart below to compare losses from any high point for VEVE.L and ISWD.L.

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Drawdown Indicators

VEVE.LISWD.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.52%

-31.52%

+6.00%

Max Drawdown (1Y)

Largest decline over 1 year

-6.94%

-5.51%

-1.43%

Max Drawdown (3Y)

Largest decline over 3 years

-18.34%

-21.00%

+2.66%

Max Drawdown (5Y)

Largest decline over 5 years

-18.34%

-21.00%

+2.66%

Max Drawdown (10Y)

Largest decline over 10 years

-25.52%

-24.90%

-0.62%

Current Drawdown

Current decline from peak

-0.35%

-0.25%

-0.10%

Average Drawdown

Average peak-to-trough decline

-3.41%

-3.60%

+0.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.69%

1.61%

+0.08%

Volatility

VEVE.L vs. ISWD.L - Volatility Comparison

The current volatility for Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) is 2.72%, while iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) has a volatility of 3.64%. This indicates that VEVE.L experiences smaller price fluctuations and is considered to be less risky than ISWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VEVE.LISWD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.72%

3.64%

-0.92%

Volatility (6M)

Calculated over the trailing 6-month period

7.55%

8.41%

-0.86%

Volatility (1Y)

Calculated over the trailing 1-year period

10.31%

11.32%

-1.01%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.09%

13.27%

-0.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.33%

14.33%

0.00%

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

VEVE.L has a 0.12% expense ratio, which is lower than ISWD.L's 0.60% expense ratio.

Dividends

VEVE.L vs. ISWD.L - Dividend Comparison

VEVE.L's dividend yield for the trailing twelve months is around 1.23%, less than ISWD.L's 1.27% yield.

PositionTTM20252024202320222021202020192018201720162015
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		1.27%1.50%1.74%1.99%2.43%1.98%1.88%2.37%2.39%2.09%2.09%2.62%
VEVE.L
Vanguard FTSE Developed World UCITS ETF Distributing		1.23%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 ISWD.L have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VEVE.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VEVE.L is cheaper with a 0.12% expense ratio, compared with 0.60% for ISWD.L.

VEVE.L tracks MSCI ACWI NR USD, while ISWD.L tracks MSCI World Islamic Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.12% for VEVE.L and 0.60% for ISWD.L.

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