VEVE.L vs. VMID.L

Last updated Jun 13, 2026

VEVE.L (Vanguard FTSE Developed World UCITS ETF Distributing) and VMID.L (Vanguard FTSE 250 UCITS ETF Distributing) are both exchange-traded funds - VEVE.L is a Global Equities fund tracking the MSCI ACWI NR USD, while VMID.L is a Europe Equities fund tracking the FTSE 250 Ex Investment Trust TR GBP. Both are passively managed. Over the past 10 years, VEVE.L returned 14.06%/yr vs 6.48%/yr for VMID.L. A 0.64 correlation means they provide meaningful diversification when combined. VEVE.L charges 0.12%/yr vs 0.10%/yr for VMID.L.

Performance

VEVE.L vs. VMID.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 250 UCITS ETF Distributing (VMID.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEVE.L achieves a 10.77% return, which is significantly higher than VMID.L's 5.31% return. Over the past 10 years, VEVE.L has outperformed VMID.L with an annualized return of 14.06%, while VMID.L has yielded a comparatively lower 6.48% 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%

VMID.L

• 1D: 1.50%
• 1M: 2.52%
• YTD: 5.31%
• 6M: 8.31%
• 1Y: 13.76%
• 3Y*: 10.18%
• 5Y*: 3.53%
• 10Y*: 6.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
VMID.L Vanguard FTSE 250 UCITS ETF Distributing	5.31%	12.87%	7.44%	8.18%	-17.37%	16.04%	-4.93%	29.14%	-13.13%	17.24%

Correlation

The correlation between VEVE.L and VMID.L is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Sep 30, 2014	0.64

The correlation between VEVE.L and VMID.L has been stable across timeframes, ranging from 0.62 to 0.64 - a consistent structural relationship.

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

Sectors	VEVE.L	VMID.L
Technology	29.0%	9.4%
Financial Services	15.6%	19.4%
Industrials	11.5%	19.9%
Consumer Cyclical	9.3%	13.3%
Communication Services	9.0%	5.9%
Healthcare	8.5%	4.4%
Consumer Defensive	5.1%	6.1%
Energy	4.1%	2.5%
Basic Materials	3.4%	6.6%
Utilities	2.6%	3.0%
Real Estate	2.0%	9.4%

Return for Risk

VEVE.L vs. VMID.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: 87
VEVE.L Sharpe Ratio Rank: 89
VEVE.L Sortino Ratio Rank: 89
VEVE.L Omega Ratio Rank: 89
VEVE.L Calmar Ratio Rank: 84
VEVE.L Martin Ratio Rank: 87

VMID.L

VMID.L Risk / Return Rank: 30
VMID.L Sharpe Ratio Rank: 31
VMID.L Sortino Ratio Rank: 32
VMID.L Omega Ratio Rank: 31
VMID.L Calmar Ratio Rank: 26
VMID.L Martin Ratio Rank: 31

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. VMID.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 250 UCITS ETF Distributing (VMID.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.L	VMID.L	Difference
Sharpe ratio: Return per unit of total volatility	2.59	1.01	+1.58
Sortino ratio: Return per unit of downside risk	3.57	1.53	+2.04
Omega ratio: Gain probability vs. loss probability	1.49	1.19	+0.30
Calmar ratio: Return relative to maximum drawdown	3.96	1.09	+2.87
Martin ratio: Return relative to average drawdown	15.94	3.91	+12.03

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

The current VEVE.L Sharpe Ratio is 2.59, which is higher than the VMID.L Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of VEVE.L and VMID.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.

Drawdowns

VEVE.L vs. VMID.L - Drawdown Comparison

The maximum VEVE.L drawdown since its inception was -25.53%, smaller than the maximum VMID.L drawdown of -41.85%. Use the drawdown chart below to compare losses from any high point for VEVE.L and VMID.L.

Drawdown Indicators

	VEVE.L	VMID.L	Difference
Max Drawdown Largest peak-to-trough decline	-25.53%	-41.85%	+16.32%
Max Drawdown (1Y) Largest decline over 1 year	-6.94%	-11.54%	+4.60%
Max Drawdown (3Y) Largest decline over 3 years	-18.34%	-15.98%	-2.36%
Max Drawdown (5Y) Largest decline over 5 years	-18.34%	-29.52%	+11.18%
Max Drawdown (10Y) Largest decline over 10 years	-25.53%	-41.85%	+16.32%
Current Drawdown Current decline from peak	-1.32%	-0.67%	-0.65%
Average Drawdown Average peak-to-trough decline	-3.41%	-7.79%	+4.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.73%	3.23%	-1.50%

Volatility

VEVE.L vs. VMID.L - Volatility Comparison

Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) and Vanguard FTSE 250 UCITS ETF Distributing (VMID.L) have volatilities of 3.53% and 3.69%, 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.

Volatility by Period

	VEVE.L	VMID.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	3.69%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	7.96%	10.39%	-2.43%
Volatility (1Y) Calculated over the trailing 1-year period	10.64%	12.54%	-1.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.14%	15.19%	-2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.35%	16.53%	-2.18%

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

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

VEVE.L's dividend yield for the trailing twelve months is around 1.24%, less than VMID.L's 3.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VMID.L Vanguard FTSE 250 UCITS ETF Distributing	3.64%	3.90%	3.30%	3.41%	3.30%	2.55%	2.08%	2.82%	3.59%	3.19%	3.08%	3.09%

Frequently Asked Questions

Can I hold both VEVE.L and VMID.L in my portfolio?

VEVE.L and VMID.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VEVE.L or VMID.L?

On fees, VMID.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VEVE.L or VMID.L?

VMID.L is cheaper with a 0.10% expense ratio, compared with 0.12% for VEVE.L.

What is the main difference between VEVE.L and VMID.L?

VEVE.L is categorized as Global Equities, while VMID.L is Europe Equities. VEVE.L tracks MSCI ACWI NR USD, while VMID.L tracks FTSE 250 Ex Investment Trust TR GBP. Their fees differ too: 0.12% for VEVE.L and 0.10% for VMID.L.