VFEG.L vs. VEVE.L

Last updated Jun 26, 2026

VFEG.L (Vanguard FTSE Emerging Markets UCITS ETF Acc) and VEVE.L (Vanguard FTSE Developed World UCITS ETF Distributing) are both exchange-traded funds - VFEG.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while VEVE.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, VFEG.L returned 5.75%/yr vs 12.66%/yr for VEVE.L. A 0.63 correlation means they provide meaningful diversification when combined. VFEG.L charges 0.22%/yr vs 0.12%/yr for VEVE.L.

Performance

VFEG.L vs. VEVE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.L) and Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with VFEG.L having a 11.19% return and VEVE.L slightly higher at 11.73%.

VFEG.L

• 1D: -0.64%
• 1M: 0.31%
• YTD: 11.19%
• 6M: 11.82%
• 1Y: 27.00%
• 3Y*: 15.70%
• 5Y*: 5.75%
• 10Y*: —

VEVE.L

• 1D: -0.49%
• 1M: 0.68%
• YTD: 11.73%
• 6M: 12.02%
• 1Y: 28.55%
• 3Y*: 18.91%
• 5Y*: 12.66%
• 10Y*: 13.81%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VFEG.L Vanguard FTSE Emerging Markets UCITS ETF Acc	11.19%	17.15%	14.12%	1.28%	-7.26%	-0.01%	11.28%	-15.84%
VEVE.L Vanguard FTSE Developed World UCITS ETF Distributing	11.73%	13.81%	20.22%	17.46%	-8.34%	22.68%	12.44%	1.67%

Correlation

The correlation between VFEG.L and VEVE.L is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019	0.63

The correlation between VFEG.L and VEVE.L has been stable across timeframes, ranging from 0.58 to 0.67 - a consistent structural relationship.

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

Sectors	VFEG.L	VEVE.L
Technology	29.6%	29.0%
Financial Services	20.8%	15.6%
Consumer Cyclical	10.8%	9.3%
Basic Materials	7.8%	3.4%
Communication Services	7.5%	9.0%
Industrials	7.1%	11.5%
Energy	4.9%	4.1%
Consumer Defensive	3.6%	5.1%
Healthcare	3.4%	8.5%
Utilities	3.0%	2.6%
Real Estate	1.7%	2.0%

Return for Risk

VFEG.L vs. VEVE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VFEG.L

VFEG.L Risk / Return Rank: 65
VFEG.L Sharpe Ratio Rank: 66
VFEG.L Sortino Ratio Rank: 63
VFEG.L Omega Ratio Rank: 65
VFEG.L Calmar Ratio Rank: 69
VFEG.L Martin Ratio Rank: 61

VEVE.L

VEVE.L Risk / Return Rank: 89
VEVE.L Sharpe Ratio Rank: 91
VEVE.L Sortino Ratio Rank: 90
VEVE.L Omega Ratio Rank: 90
VEVE.L Calmar Ratio Rank: 85
VEVE.L Martin Ratio Rank: 88

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.

VFEG.L vs. VEVE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.L) and Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.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.

	VFEG.L	VEVE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.87	2.64	-0.78
Sortino ratio: Return per unit of downside risk	2.55	3.63	-1.09
Omega ratio: Gain probability vs. loss probability	1.34	1.50	-0.16
Calmar ratio: Return relative to maximum drawdown	2.99	4.09	-1.10
Martin ratio: Return relative to average drawdown	9.58	16.43	-6.85

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

The current VFEG.L Sharpe Ratio is 1.87, which is comparable to the VEVE.L Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of VFEG.L and VEVE.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

VFEG.L vs. VEVE.L - Drawdown Comparison

The maximum VFEG.L drawdown since its inception was -34.33%, which is greater than VEVE.L's maximum drawdown of -25.53%. Use the drawdown chart below to compare losses from any high point for VFEG.L and VEVE.L.

Drawdown Indicators

	VFEG.L	VEVE.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.33%	-25.53%	-8.80%
Max Drawdown (1Y) Largest decline over 1 year	-8.99%	-6.94%	-2.05%
Max Drawdown (3Y) Largest decline over 3 years	-22.33%	-18.34%	-3.99%
Max Drawdown (5Y) Largest decline over 5 years	-22.33%	-18.34%	-3.99%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.53%	—
Current Drawdown Current decline from peak	-3.51%	-1.34%	-2.17%
Average Drawdown Average peak-to-trough decline	-11.81%	-3.40%	-8.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	1.73%	+1.08%

Volatility

VFEG.L vs. VEVE.L - Volatility Comparison

Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.L) has a higher volatility of 5.84% compared to Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) at 3.57%. This indicates that VFEG.L's price experiences larger fluctuations and is considered to be riskier than VEVE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFEG.L	VEVE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	3.57%	+2.27%
Volatility (6M) Calculated over the trailing 6-month period	11.95%	8.09%	+3.86%
Volatility (1Y) Calculated over the trailing 1-year period	14.40%	10.75%	+3.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.36%	13.17%	+7.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.18%	14.31%	+7.87%

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

VFEG.L has a 0.22% expense ratio, which is higher than VEVE.L's 0.12% 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

VFEG.L vs. VEVE.L - Dividend Comparison

VFEG.L has not paid dividends to shareholders, while VEVE.L's dividend yield for the trailing twelve months is around 1.27%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VEVE.L Vanguard FTSE Developed World UCITS ETF Distributing	1.27%	1.38%	1.48%	1.71%	1.98%	1.46%	1.62%	1.95%	2.24%	1.93%	1.88%	2.03%
VFEG.L Vanguard FTSE Emerging Markets 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

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

VFEG.L and VEVE.L have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

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.

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

VEVE.L is cheaper with a 0.12% expense ratio, compared with 0.22% for VFEG.L.

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

VFEG.L is categorized as Emerging Markets Equities, while VEVE.L is Global Equities. VFEG.L tracks MSCI EM NR USD, while VEVE.L tracks MSCI ACWI NR USD. Their fees differ too: 0.22% for VFEG.L and 0.12% for VEVE.L.