VEVE.L vs. VERX.DE
VEVE.L (Vanguard FTSE Developed World UCITS ETF Distributing) and VERX.DE (Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing) are both exchange-traded funds - VEVE.L is a Global Equities fund tracking the MSCI ACWI NR USD, while VERX.DE is a Europe Equities fund tracking the MSCI Europe Ex UK NR EUR. Both are passively managed. Over the past 5 years, VEVE.L returned 13.29%/yr vs 9.44%/yr for VERX.DE. A 0.77 correlation means they provide meaningful diversification when combined. VEVE.L charges 0.12%/yr vs 0.10%/yr for VERX.DE.
Performance
VEVE.L vs. VERX.DE - Performance Comparison
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Different Trading Currencies
VEVE.L is traded in GBP, while VERX.DE is traded in EUR. To make them comparable, the VERX.DE 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 higher than VERX.DE's 6.67% 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%
VERX.DE
- 1D
- 0.89%
- 1M
- 4.00%
- YTD
- 6.67%
- 6M
- 9.11%
- 1Y
- 19.07%
- 3Y*
- 13.90%
- 5Y*
- 9.44%
- 10Y*
- —
VEVE.L vs. VERX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 2.08% |
VERX.DE Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing | 6.67% | 27.54% | 2.05% | 15.31% | -7.70% | 15.78% | 8.09% | 21.98% | -9.89% | -1.08% |
Correlation
The correlation between VEVE.L and VERX.DE is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.77 |
The correlation between VEVE.L and VERX.DE shifts across timeframes, from 0.66 (3 years) to 0.77 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VEVE.L vs. VERX.DE — Risk / Return Rank
VEVE.L
VERX.DE
VEVE.L vs. VERX.DE - 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 Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing (VERX.DE). 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.L | VERX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.49 | ||
| Sortino ratioReturn per unit of downside risk | +1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.26 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 4.29 | 1.72 | +2.57 |
| Martin ratioReturn relative to average drawdown | 17.65 | 6.15 | +11.50 |
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.L | VERX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.89 | 1.40 | +1.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.62 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.52 | +0.39 |
Drawdowns
VEVE.L vs. VERX.DE - Drawdown Comparison
The maximum VEVE.L drawdown since its inception was -25.52%, smaller than the maximum VERX.DE drawdown of -27.48%. Use the drawdown chart below to compare losses from any high point for VEVE.L and VERX.DE.
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Drawdown Indicators
| VEVE.L | VERX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.52% | -27.48% | +1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.94% | -11.03% | +4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -14.20% | -4.14% |
Max Drawdown (5Y)Largest decline over 5 years | -18.34% | -20.14% | +1.80% |
Max Drawdown (10Y)Largest decline over 10 years | -25.52% | — | — |
Current DrawdownCurrent decline from peak | -0.35% | -0.91% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -4.64% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 3.09% | -1.40% |
Volatility
VEVE.L vs. VERX.DE - Volatility Comparison
The current volatility for Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) is 2.72%, while Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing (VERX.DE) has a volatility of 4.16%. This indicates that VEVE.L experiences smaller price fluctuations and is considered to be less risky than VERX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEVE.L | VERX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | 4.16% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 7.55% | 11.30% | -3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.31% | 13.58% | -3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.09% | 15.10% | -2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.33% | 16.11% | -1.78% |
VEVE.L vs. VERX.DE - Expense Ratio Comparison
VEVE.L has a 0.12% expense ratio, which is higher than VERX.DE's 0.10% 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. VERX.DE - Dividend Comparison
VEVE.L's dividend yield for the trailing twelve months is around 1.23%, less than VERX.DE's 2.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VERX.DE Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing | 2.48% | 2.67% | 2.92% | 2.75% | 3.02% | 2.28% | 1.95% | 2.80% | 3.23% | 0.23% | 0.00% | 0.00% |
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 VERX.DE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VERX.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VERX.DE is cheaper with a 0.10% expense ratio, compared with 0.12% for VEVE.L.
VEVE.L is categorized as Global Equities, while VERX.DE is Europe Equities. VEVE.L tracks MSCI ACWI NR USD, while VERX.DE tracks MSCI Europe Ex UK NR EUR. Their fees differ too: 0.12% for VEVE.L and 0.10% for VERX.DE.
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