VHVE.L vs. PACW.L

Last updated Jun 5, 2026

VHVE.L (Vanguard FTSE Developed World UCITS ETF USD Acc) and PACW.L (Amundi Prime All Country World UCITS ETF Income) are both Global Equities funds - VHVE.L tracks the FTSE Developed while PACW.L tracks the Solactive GBS Global Markets Large & Mid Cap Index. Both are passively managed. Over the past year, VHVE.L returned 28.64% vs 29.05% for PACW.L. Their correlation of 0.93 suggests significant overlap in exposure. VHVE.L charges 0.12%/yr vs 0.07%/yr for PACW.L.

Performance

VHVE.L vs. PACW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Developed World UCITS ETF USD Acc (VHVE.L) and Amundi Prime All Country World UCITS ETF Income (PACW.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VHVE.L is traded in USD, while PACW.L is traded in GBP. To make them comparable, the PACW.L values have been converted to USD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with VHVE.L having a 11.59% return and PACW.L slightly higher at 11.64%.

VHVE.L

• 1D: -0.07%
• 1M: 4.47%
• YTD: 11.59%
• 6M: 12.99%
• 1Y: 28.64%
• 3Y*: 21.52%
• 5Y*: 12.10%
• 10Y*: —

PACW.L

• 1D: 0.01%
• 1M: 4.35%
• YTD: 11.64%
• 6M: 13.14%
• 1Y: 29.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VHVE.L vs. PACW.L - Yearly Performance Comparison

	2026 (YTD)	2025
VHVE.L Vanguard FTSE Developed World UCITS ETF USD Acc	11.59%	16.64%
PACW.L Amundi Prime All Country World UCITS ETF Income	11.64%	16.91%

Correlation

The correlation between VHVE.L and PACW.L is 0.91, 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	0.91
Correlation (All Time) Calculated using the full available price history since Feb 19, 2025	0.93

The correlation between VHVE.L and PACW.L has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

VHVE.L vs. PACW.L — Risk / Return Rank

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

VHVE.L

VHVE.L Risk / Return Rank: 74
VHVE.L Sharpe Ratio Rank: 73
VHVE.L Sortino Ratio Rank: 78
VHVE.L Omega Ratio Rank: 74
VHVE.L Calmar Ratio Rank: 68
VHVE.L Martin Ratio Rank: 76

PACW.L

PACW.L Risk / Return Rank: 86
PACW.L Sharpe Ratio Rank: 88
PACW.L Sortino Ratio Rank: 88
PACW.L Omega Ratio Rank: 89
PACW.L Calmar Ratio Rank: 82
PACW.L Martin Ratio Rank: 85

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.

VHVE.L vs. PACW.L - 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 Amundi Prime All Country World UCITS ETF Income (PACW.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.

	VHVE.L	PACW.L	Difference
Sharpe ratio: Return per unit of total volatility	2.34	2.45	-0.11
Sortino ratio: Return per unit of downside risk	3.47	3.57	-0.11
Omega ratio: Gain probability vs. loss probability	1.43	1.45	-0.02
Calmar ratio: Return relative to maximum drawdown	3.35	3.16	+0.19
Martin ratio: Return relative to average drawdown	14.41	13.73	+0.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VHVE.L vs. PACW.L - Sharpe Ratio Comparison

The current VHVE.L Sharpe Ratio is 2.34, which is comparable to the PACW.L Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of VHVE.L and PACW.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.

Sharpe Ratios by Period

	VHVE.L	PACW.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.34	2.45	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	1.50	-0.65

Drawdowns

VHVE.L vs. PACW.L - Drawdown Comparison

The maximum VHVE.L drawdown since its inception was -33.60%, which is greater than PACW.L's maximum drawdown of -16.93%. Use the drawdown chart below to compare losses from any high point for VHVE.L and PACW.L.

Drawdown Indicators

	VHVE.L	PACW.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.60%	-16.93%	-16.67%
Max Drawdown (1Y) Largest decline over 1 year	-8.51%	-9.14%	+0.63%
Max Drawdown (3Y) Largest decline over 3 years	-16.52%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.08%	—	—
Current Drawdown Current decline from peak	-0.66%	-0.78%	+0.12%
Average Drawdown Average peak-to-trough decline	-5.36%	-1.97%	-3.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	2.11%	-0.13%

Volatility

VHVE.L vs. PACW.L - Volatility Comparison

Vanguard FTSE Developed World UCITS ETF USD Acc (VHVE.L) has a higher volatility of 3.64% compared to Amundi Prime All Country World UCITS ETF Income (PACW.L) at 3.42%. This indicates that VHVE.L's price experiences larger fluctuations and is considered to be riskier than PACW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VHVE.L	PACW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.64%	3.42%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	9.55%	9.17%	+0.38%
Volatility (1Y) Calculated over the trailing 1-year period	12.20%	11.81%	+0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.56%	15.34%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.51%	15.34%	+2.17%

VHVE.L vs. PACW.L - Expense Ratio Comparison

VHVE.L has a 0.12% expense ratio, which is higher than PACW.L's 0.07% 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

VHVE.L vs. PACW.L - Dividend Comparison

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

Position	TTM
PACW.L Amundi Prime All Country World UCITS ETF Income	1.23%
VHVE.L Vanguard FTSE Developed World UCITS ETF USD Acc	0.00%

Frequently Asked Questions

Can I hold both VHVE.L and PACW.L in my portfolio?

With a correlation of 0.91, VHVE.L and PACW.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.

Which ETF is better, VHVE.L or PACW.L?

On fees, PACW.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VHVE.L or PACW.L?

PACW.L is cheaper with a 0.07% expense ratio, compared with 0.12% for VHVE.L.

What is the main difference between VHVE.L and PACW.L?

VHVE.L tracks FTSE Developed, while PACW.L tracks Solactive GBS Global Markets Large & Mid Cap Index. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.12% for VHVE.L and 0.07% for PACW.L.