PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VHVE.L vs. VWRD.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VHVE.L vs. VWRD.L

Last updated Jun 5, 2026

VHVE.L (Vanguard FTSE Developed World UCITS ETF USD Acc) and VWRD.L (Vanguard FTSE All-World UCITS ETF) are both Global Equities funds from Vanguard - VHVE.L tracks the FTSE Developed while VWRD.L tracks the FTSE All-World Index. Both are passively managed. Over the past 5 years, VHVE.L returned 12.10%/yr vs 11.25%/yr for VWRD.L. With a 0.98 correlation, they move nearly in lockstep. VHVE.L charges 0.12%/yr vs 0.22%/yr for VWRD.L.

Performance

VHVE.L vs. VWRD.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 Vanguard FTSE All-World UCITS ETF (VWRD.L). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

The year-to-date returns for both investments are quite close, with VHVE.L having a 11.59% return and VWRD.L slightly higher at 11.63%.

VHVE.L

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

VWRD.L

1D
-0.10%
1M
4.28%
YTD
11.63%
6M
13.01%
1Y
28.61%
3Y*
21.10%
5Y*
11.25%
10Y*
12.64%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
VHVE.L
Vanguard FTSE Developed World UCITS ETF USD Acc		11.59%22.18%17.93%24.66%-18.06%21.15%16.52%8.50%
VWRD.L
Vanguard FTSE All-World UCITS ETF		11.63%22.38%17.65%22.31%-18.19%18.52%16.13%8.83%

Correlation

The correlation between VHVE.L and VWRD.L is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.99

Correlation (3Y)
Calculated over the trailing 3-year period

0.97

Correlation (5Y)
Calculated over the trailing 5-year period

0.98

Correlation (All Time)
Calculated using the full available price history since Sep 27, 2019

0.98

The correlation between VHVE.L and VWRD.L has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

VHVE.L vs. VWRD.L - Sectors Allocation Comparison

Sectors
VHVE.L
VWRD.L

Technology

29.0%
30.2%

Financial Services

15.6%
16.1%

Industrials

11.5%
10.2%

Consumer Cyclical

9.3%
9.1%

Communication Services

9.0%
8.9%

Healthcare

8.5%
8.1%

Consumer Defensive

5.1%
4.9%

Energy

4.1%
4.3%

Basic Materials

3.4%
3.6%

Utilities

2.6%
2.9%

Real Estate

2.0%
1.6%

Technology

VHVE.L
29.0%
VWRD.L
30.2%

Financial Services

VHVE.L
15.6%
VWRD.L
16.1%

Industrials

VHVE.L
11.5%
VWRD.L
10.2%

Consumer Cyclical

VHVE.L
9.3%
VWRD.L
9.1%

Communication Services

VHVE.L
9.0%
VWRD.L
8.9%

Healthcare

VHVE.L
8.5%
VWRD.L
8.1%

Consumer Defensive

VHVE.L
5.1%
VWRD.L
4.9%

Energy

VHVE.L
4.1%
VWRD.L
4.3%

Basic Materials

VHVE.L
3.4%
VWRD.L
3.6%

Utilities

VHVE.L
2.6%
VWRD.L
2.9%

Real Estate

VHVE.L
2.0%
VWRD.L
1.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard FTSE Developed World UCITS ETF USD Acc

Vanguard FTSE All-World UCITS ETF

Often compared with VHVE.L:
VHVE.L vs. IWDA.LVHVE.L vs. VOOVHVE.L vs. SWRD.ASVHVE.L vs. ETLX.DEVHVE.L vs. VTVHVE.L vs. CNDX.LVHVE.L vs. SPYL.DE
Often compared with VWRD.L:
VWRD.L vs. VWRP.LVWRD.L vs. IWDA.LVWRD.L vs. VOOVWRD.L vs. JEPQVWRD.L vs. JEPG.LVWRD.L vs. EGLN.LVWRD.L vs. SPY

Return for Risk

VHVE.L vs. VWRD.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: 7474
Overall Rank
VHVE.L Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
VHVE.L Sortino Ratio Rank: 7878
Sortino Ratio Rank
VHVE.L Omega Ratio Rank: 7474
Omega Ratio Rank
VHVE.L Calmar Ratio Rank: 6868
Calmar Ratio Rank
VHVE.L Martin Ratio Rank: 7676
Martin Ratio Rank
VWRD.L
VWRD.L Risk / Return Rank: 7272
Overall Rank
VWRD.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
VWRD.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
VWRD.L Omega Ratio Rank: 7373
Omega Ratio Rank
VWRD.L Calmar Ratio Rank: 6666
Calmar Ratio Rank
VWRD.L Martin Ratio Rank: 7373
Martin Ratio Rank
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. VWRD.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 Vanguard FTSE All-World UCITS ETF (VWRD.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.LVWRD.LDifference
Sharpe ratioReturn per unit of total volatility
2.34
2.30

+0.04

Sortino ratioReturn per unit of downside risk
3.47
3.40

+0.07

Omega ratioGain probability vs. loss probability

1.43

1.43

+0.01

Calmar ratioReturn relative to maximum drawdown

3.35

3.24

+0.11

Martin ratioReturn relative to average drawdown

14.41

13.61

+0.80

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. VWRD.L - Sharpe Ratio Comparison

The current VHVE.L Sharpe Ratio is 2.34, which is comparable to the VWRD.L Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of VHVE.L and VWRD.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.

Loading charts...

Sharpe Ratios by Period

VHVE.LVWRD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.34

2.30

+0.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.78

0.73

+0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.80

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.85

0.82

+0.03

Drawdowns

VHVE.L vs. VWRD.L - Drawdown Comparison

The maximum VHVE.L drawdown since its inception was -33.60%, roughly equal to the maximum VWRD.L drawdown of -33.83%. Use the drawdown chart below to compare losses from any high point for VHVE.L and VWRD.L.

Loading charts...

Drawdown Indicators

VHVE.LVWRD.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.60%

-33.83%

+0.23%

Max Drawdown (1Y)

Largest decline over 1 year

-8.51%

-8.80%

+0.29%

Max Drawdown (3Y)

Largest decline over 3 years

-16.52%

-16.25%

-0.27%

Max Drawdown (5Y)

Largest decline over 5 years

-26.08%

-26.02%

-0.06%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.83%

—

Current Drawdown

Current decline from peak

-0.66%

-0.78%

+0.12%

Average Drawdown

Average peak-to-trough decline

-5.36%

-4.62%

-0.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.98%

2.10%

-0.12%

Volatility

VHVE.L vs. VWRD.L - Volatility Comparison

The current volatility for Vanguard FTSE Developed World UCITS ETF USD Acc (VHVE.L) is 3.64%, while Vanguard FTSE All-World UCITS ETF (VWRD.L) has a volatility of 3.88%. This indicates that VHVE.L experiences smaller price fluctuations and is considered to be less risky than VWRD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

VHVE.LVWRD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.64%

3.88%

-0.24%

Volatility (6M)

Calculated over the trailing 6-month period

9.55%

9.80%

-0.25%

Volatility (1Y)

Calculated over the trailing 1-year period

12.20%

12.39%

-0.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.56%

15.32%

+0.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.51%

15.72%

+1.79%

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

VHVE.L has a 0.12% expense ratio, which is lower than VWRD.L's 0.22% expense ratio. Despite the difference, 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. VWRD.L - Dividend Comparison

VHVE.L has not paid dividends to shareholders, while VWRD.L's dividend yield for the trailing twelve months is around 1.24%.

PositionTTM20252024202320222021202020192018201720162015
VHVE.L
Vanguard FTSE Developed World UCITS ETF USD 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%
VWRD.L
Vanguard FTSE All-World UCITS ETF		1.24%1.38%1.52%1.69%2.05%1.48%1.47%1.88%2.29%1.82%2.04%2.07%

Frequently Asked Questions

With a correlation of 0.99, VHVE.L and VWRD.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, VHVE.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VHVE.L is cheaper with a 0.12% expense ratio, compared with 0.22% for VWRD.L.

VHVE.L tracks FTSE Developed, while VWRD.L tracks FTSE All-World Index. Their fees differ too: 0.12% for VHVE.L and 0.22% for VWRD.L.

Portfolio Optimizer

Find the right allocation for VHVE.L and VWRD.L

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer