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

VEVE.L vs. VHVG.L

Last updated Jun 5, 2026

VEVE.L (Vanguard FTSE Developed World UCITS ETF Distributing) and VHVG.L (Vanguard FTSE Developed World UCITS ETF Acc) are both Global Equities funds from Vanguard tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, VEVE.L returned 13.29%/yr vs 13.30%/yr for VHVG.L. With a 0.99 correlation, they move nearly in lockstep. Both charge a 0.12% expense ratio.

Performance

VEVE.L vs. VHVG.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 Vanguard FTSE Developed World UCITS ETF Acc (VHVG.L). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

The year-to-date returns for both stocks are quite close, with VEVE.L having a 11.86% return and VHVG.L slightly lower at 11.81%.

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%

VHVG.L

1D
-0.07%
1M
5.52%
YTD
11.81%
6M
12.27%
1Y
29.87%
3Y*
18.37%
5Y*
13.30%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
VEVE.L
Vanguard FTSE Developed World UCITS ETF Distributing		11.86%13.81%20.22%17.45%-8.34%22.68%12.44%1.73%
VHVG.L
Vanguard FTSE Developed World UCITS ETF Acc		11.81%13.85%19.99%17.54%-8.66%23.31%12.56%1.61%

Correlation

The correlation between VEVE.L and VHVG.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.99

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

0.99

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

0.99

Correlation (All Time)
Calculated using the full available price history since Sep 27, 2019

0.99

The correlation between VEVE.L and VHVG.L has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

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

Sectors
VEVE.L
VHVG.L

Technology

29.0%
29.0%

Financial Services

15.6%
15.6%

Industrials

11.5%
11.5%

Consumer Cyclical

9.3%
9.3%

Communication Services

9.0%
9.0%

Healthcare

8.5%
8.5%

Consumer Defensive

5.1%
5.1%

Energy

4.1%
4.1%

Basic Materials

3.4%
3.4%

Utilities

2.6%
2.6%

Real Estate

2.0%
2.0%

Technology

VEVE.L
29.0%
VHVG.L
29.0%

Financial Services

VEVE.L
15.6%
VHVG.L
15.6%

Industrials

VEVE.L
11.5%
VHVG.L
11.5%

Consumer Cyclical

VEVE.L
9.3%
VHVG.L
9.3%

Communication Services

VEVE.L
9.0%
VHVG.L
9.0%

Healthcare

VEVE.L
8.5%
VHVG.L
8.5%

Consumer Defensive

VEVE.L
5.1%
VHVG.L
5.1%

Energy

VEVE.L
4.1%
VHVG.L
4.1%

Basic Materials

VEVE.L
3.4%
VHVG.L
3.4%

Utilities

VEVE.L
2.6%
VHVG.L
2.6%

Real Estate

VEVE.L
2.0%
VHVG.L
2.0%

Compare stocks, funds, or ETFs

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Vanguard FTSE Developed World UCITS ETF Distributing

Vanguard FTSE Developed World UCITS ETF Acc

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 VHVG.L:
VHVG.L vs. VWCE.DEVHVG.L vs. VWRL.LVHVG.L vs. VUAA.LVHVG.L vs. SWLD.LVHVG.L vs. IWDA.LVHVG.L vs. VEAVHVG.L vs. VEUA.L

Return for Risk

VEVE.L vs. VHVG.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
VHVG.L
VHVG.L Risk / Return Rank: 8686
Overall Rank
VHVG.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
VHVG.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
VHVG.L Omega Ratio Rank: 8888
Omega Ratio Rank
VHVG.L Calmar Ratio Rank: 8282
Calmar Ratio Rank
VHVG.L Martin Ratio Rank: 8585
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. VHVG.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 Vanguard FTSE Developed World UCITS ETF Acc (VHVG.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.LVHVG.LDifference
Sharpe ratioReturn per unit of total volatility
2.89
2.90

-0.01

Sortino ratioReturn per unit of downside risk
3.96
3.99

-0.03

Omega ratioGain probability vs. loss probability

1.55

1.55

0.00

Calmar ratioReturn relative to maximum drawdown

4.29

4.29

0.00

Martin ratioReturn relative to average drawdown

17.65

17.65

0.00

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. VHVG.L - Sharpe Ratio Comparison

The current VEVE.L Sharpe Ratio is 2.89, which is comparable to the VHVG.L Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of VEVE.L and VHVG.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.LVHVG.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.89

2.90

-0.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.01

1.03

-0.01

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

0.89

+0.03

Drawdowns

VEVE.L vs. VHVG.L - Drawdown Comparison

The maximum VEVE.L drawdown since its inception was -25.52%, roughly equal to the maximum VHVG.L drawdown of -25.41%. Use the drawdown chart below to compare losses from any high point for VEVE.L and VHVG.L.

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Drawdown Indicators

VEVE.LVHVG.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.52%

-25.41%

-0.11%

Max Drawdown (1Y)

Largest decline over 1 year

-6.94%

-6.94%

0.00%

Max Drawdown (3Y)

Largest decline over 3 years

-18.34%

-17.96%

-0.38%

Max Drawdown (5Y)

Largest decline over 5 years

-18.34%

-17.96%

-0.38%

Max Drawdown (10Y)

Largest decline over 10 years

-25.52%

—

—

Current Drawdown

Current decline from peak

-0.35%

-0.36%

+0.01%

Average Drawdown

Average peak-to-trough decline

-3.41%

-3.28%

-0.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.69%

1.69%

0.00%

Volatility

VEVE.L vs. VHVG.L - Volatility Comparison

Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) and Vanguard FTSE Developed World UCITS ETF Acc (VHVG.L) have volatilities of 2.72% and 2.72%, 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.LVHVG.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.72%

2.72%

0.00%

Volatility (6M)

Calculated over the trailing 6-month period

7.55%

7.53%

+0.02%

Volatility (1Y)

Calculated over the trailing 1-year period

10.31%

10.27%

+0.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.09%

12.97%

+0.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.33%

15.06%

-0.73%

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

Both VEVE.L and VHVG.L have an expense ratio of 0.12%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VEVE.L vs. VHVG.L - Dividend Comparison

VEVE.L's dividend yield for the trailing twelve months is around 1.23%, while VHVG.L has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
VHVG.L
Vanguard FTSE Developed World UCITS ETF Acc		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.99, VEVE.L and VHVG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Both ETFs have the same 0.12% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

VEVE.L and VHVG.L have the same expense ratio: 0.12% per year.

Both ETFs track MSCI ACWI NR USD.

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