VHVE.L vs. ETLX.DE
Compare and contrast key facts about Vanguard FTSE Developed World UCITS ETF USD Acc (VHVE.L) and L&G Gold Mining UCITS ETF (ETLX.DE).
VHVE.L and ETLX.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VHVE.L is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed. It was launched on Sep 24, 2019. ETLX.DE is a passively managed fund by Legal & General that tracks the performance of the DAXglobal® Gold Miners. It was launched on Sep 11, 2008. Both VHVE.L and ETLX.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
VHVE.L vs. ETLX.DE - Performance Comparison
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VHVE.L vs. ETLX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VHVE.L Vanguard FTSE Developed World UCITS ETF USD Acc | -2.24% | 22.18% | 17.93% | 24.66% | -18.06% | 21.15% | 16.52% | 8.50% |
ETLX.DE L&G Gold Mining UCITS ETF | 6.61% | 185.11% | 20.12% | 14.56% | -12.22% | -10.94% | 23.22% | 2.40% |
Different Trading Currencies
VHVE.L is traded in USD, while ETLX.DE is traded in EUR. To make them comparable, the ETLX.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, VHVE.L achieves a -2.24% return, which is significantly lower than ETLX.DE's 6.61% return.
VHVE.L
- 1D
- -0.50%
- 1M
- -2.40%
- YTD
- -2.24%
- 6M
- 1.46%
- 1Y
- 21.00%
- 3Y*
- 17.60%
- 5Y*
- 10.43%
- 10Y*
- —
ETLX.DE
- 1D
- -2.60%
- 1M
- -11.37%
- YTD
- 6.61%
- 6M
- 29.00%
- 1Y
- 114.21%
- 3Y*
- 53.75%
- 5Y*
- 28.01%
- 10Y*
- 19.33%
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VHVE.L vs. ETLX.DE - Expense Ratio Comparison
VHVE.L has a 0.12% expense ratio, which is lower than ETLX.DE's 0.65% expense ratio.
Return for Risk
VHVE.L vs. ETLX.DE — Risk / Return Rank
VHVE.L
ETLX.DE
VHVE.L vs. ETLX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed World UCITS ETF USD Acc (VHVE.L) and L&G Gold Mining UCITS ETF (ETLX.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.
| VHVE.L | ETLX.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 2.33 | -0.96 |
Sortino ratioReturn per unit of downside risk | 1.93 | 2.61 | -0.68 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.35 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.90 | 3.75 | -0.85 |
Martin ratioReturn relative to average drawdown | 12.74 | 12.62 | +0.12 |
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
| VHVE.L | ETLX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 2.33 | -0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.73 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.20 | +0.53 |
Correlation
The correlation between VHVE.L and ETLX.DE is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VHVE.L vs. ETLX.DE - Dividend Comparison
Neither VHVE.L nor ETLX.DE has paid dividends to shareholders.
Drawdowns
VHVE.L vs. ETLX.DE - Drawdown Comparison
The maximum VHVE.L drawdown since its inception was -33.60%, smaller than the maximum ETLX.DE drawdown of -77.98%. Use the drawdown chart below to compare losses from any high point for VHVE.L and ETLX.DE.
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Drawdown Indicators
| VHVE.L | ETLX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.60% | -73.44% | +39.84% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -28.89% | +20.38% |
Max Drawdown (5Y)Largest decline over 5 years | -26.08% | -42.03% | +15.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.05% | — |
Current DrawdownCurrent decline from peak | -5.81% | -16.35% | +10.54% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -34.83% | +29.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.94% | 8.43% | -6.49% |
Volatility
VHVE.L vs. ETLX.DE - Volatility Comparison
The current volatility for Vanguard FTSE Developed World UCITS ETF USD Acc (VHVE.L) is 5.35%, while L&G Gold Mining UCITS ETF (ETLX.DE) has a volatility of 18.39%. This indicates that VHVE.L experiences smaller price fluctuations and is considered to be less risky than ETLX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VHVE.L | ETLX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.35% | 18.39% | -13.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.06% | 39.58% | -30.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 48.79% | -33.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.48% | 37.83% | -22.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.57% | 35.84% | -18.27% |