VGVE.DE vs. VNRT.L
VGVE.DE (Vanguard FTSE Developed World UCITS ETF Distributing) and VNRT.L (Vanguard FTSE North America UCITS ETF Distributing) are both exchange-traded funds - VGVE.DE is a Global Equities fund tracking the FTSE Developed, while VNRT.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 5 years, VGVE.DE returned 12.95%/yr vs 13.93%/yr for VNRT.L. Their correlation of 0.90 suggests significant overlap in exposure. VGVE.DE charges 0.12%/yr vs 0.10%/yr for VNRT.L.
Performance
VGVE.DE vs. VNRT.L - Performance Comparison
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Different Trading Currencies
VGVE.DE is traded in EUR, while VNRT.L is traded in GBP. To make them comparable, the VNRT.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VGVE.DE achieves a 12.54% return, which is significantly higher than VNRT.L's 11.08% return.
VGVE.DE
- 1D
- -0.18%
- 1M
- 5.25%
- YTD
- 12.54%
- 6M
- 13.19%
- 1Y
- 26.14%
- 3Y*
- 18.04%
- 5Y*
- 12.95%
- 10Y*
- —
VNRT.L
- 1D
- 0.04%
- 1M
- 4.55%
- YTD
- 11.08%
- 6M
- 10.21%
- 1Y
- 24.14%
- 3Y*
- 18.30%
- 5Y*
- 13.93%
- 10Y*
- 14.55%
VGVE.DE vs. VNRT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGVE.DE Vanguard FTSE Developed World UCITS ETF Distributing | 12.54% | 8.78% | 24.92% | 19.91% | -13.71% | 31.39% | 5.44% | 30.68% | -5.85% | 2.00% |
VNRT.L Vanguard FTSE North America UCITS ETF Distributing | 11.08% | 3.10% | 32.45% | 22.53% | -14.62% | 37.38% | 9.15% | 34.43% | -2.04% | 2.44% |
Correlation
The correlation between VGVE.DE and VNRT.L is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.90 |
The correlation between VGVE.DE and VNRT.L has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
VGVE.DE vs. VNRT.L — Risk / Return Rank
VGVE.DE
VNRT.L
VGVE.DE vs. VNRT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.DE) and Vanguard FTSE North America UCITS ETF Distributing (VNRT.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.
| VGVE.DE | VNRT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.40 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 3.22 | +0.92 |
| Martin ratioReturn relative to average drawdown | 17.12 | 11.78 | +5.34 |
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
| VGVE.DE | VNRT.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 2.17 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.92 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.85 | -0.05 |
Drawdowns
VGVE.DE vs. VNRT.L - Drawdown Comparison
The maximum VGVE.DE drawdown since its inception was -33.63%, roughly equal to the maximum VNRT.L drawdown of -33.53%. Use the drawdown chart below to compare losses from any high point for VGVE.DE and VNRT.L.
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Drawdown Indicators
| VGVE.DE | VNRT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -33.53% | -0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -6.27% | -7.45% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -21.26% | -23.09% | +1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -21.26% | -23.09% | +1.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.53% | — |
Current DrawdownCurrent decline from peak | -0.58% | -0.32% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -4.56% | +0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 2.04% | -0.52% |
Volatility
VGVE.DE vs. VNRT.L - Volatility Comparison
Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.DE) has a higher volatility of 2.88% compared to Vanguard FTSE North America UCITS ETF Distributing (VNRT.L) at 2.12%. This indicates that VGVE.DE's price experiences larger fluctuations and is considered to be riskier than VNRT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGVE.DE | VNRT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 2.12% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 7.93% | 7.37% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.23% | 11.09% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.00% | 15.15% | -1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.63% | 16.11% | -0.48% |
VGVE.DE vs. VNRT.L - Expense Ratio Comparison
VGVE.DE has a 0.12% expense ratio, which is higher than VNRT.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
VGVE.DE vs. VNRT.L - Dividend Comparison
VGVE.DE's dividend yield for the trailing twelve months is around 1.06%, while VNRT.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGVE.DE Vanguard FTSE Developed World UCITS ETF Distributing | 1.06% | 1.22% | 1.36% | 1.59% | 1.93% | 1.22% | 1.40% | 1.67% | 1.95% | 0.34% | 0.00% | 0.00% |
VNRT.L Vanguard FTSE North America UCITS ETF Distributing | 0.00% | 0.00% | 0.49% | 1.24% | 1.41% | 1.02% | 1.43% | 1.48% | 1.76% | 1.61% | 1.51% | 1.68% |
Frequently Asked Questions
With a correlation of 0.92, VGVE.DE and VNRT.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.
On fees, VNRT.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VNRT.L is cheaper with a 0.10% expense ratio, compared with 0.12% for VGVE.DE.
VGVE.DE is categorized as Global Equities, while VNRT.L is Large Cap Blend Equities. VGVE.DE tracks FTSE Developed, while VNRT.L tracks Russell 1000 TR USD. Their fees differ too: 0.12% for VGVE.DE and 0.10% for VNRT.L.
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