VNRG.L vs. USDV.L

Last updated Jun 5, 2026

VNRG.L (Vanguard FTSE North America UCITS ETF (USD) Accumulating) and USDV.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both Large Cap Blend Equities funds - VNRG.L tracks the Russell 1000 TR USD while USDV.L tracks the S&P High Yield Dividend Aristocrats Index. Both are passively managed. Over the past 5 years, VNRG.L returned 14.50%/yr vs 6.79%/yr for USDV.L. A 0.65 correlation means they provide meaningful diversification when combined. VNRG.L charges 0.10%/yr vs 0.35%/yr for USDV.L.

Performance

VNRG.L vs. USDV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRG.L) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VNRG.L achieves a 10.37% return, which is significantly higher than USDV.L's 7.22% return.

VNRG.L

• 1D: 0.11%
• 1M: 4.70%
• YTD: 10.37%
• 6M: 9.73%
• 1Y: 28.68%
• 3Y*: 19.20%
• 5Y*: 14.50%
• 10Y*: —

USDV.L

• 1D: 0.13%
• 1M: 1.22%
• YTD: 7.22%
• 6M: 6.65%
• 1Y: 14.81%
• 3Y*: 6.93%
• 5Y*: 6.79%
• 10Y*: 9.84%

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

VNRG.L vs. USDV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VNRG.L Vanguard FTSE North America UCITS ETF (USD) Accumulating	10.37%	10.01%	26.94%	19.89%	-9.87%	28.98%	15.46%	1.78%
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis	7.22%	1.15%	9.34%	-3.52%	11.58%	26.74%	-2.72%	0.55%

Correlation

The correlation between VNRG.L and USDV.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019	0.65

Over the past year, the correlation between VNRG.L and USDV.L has dropped to 0.26 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

VNRG.L vs. USDV.L - Sectors Allocation Comparison

Sectors	VNRG.L	USDV.L
Technology	34.4%	8.9%
Financial Services	13.0%	11.5%
Communication Services	10.9%	3.5%
Consumer Cyclical	9.8%	5.2%
Industrials	8.3%	17.5%
Healthcare	8.2%	6.2%
Consumer Defensive	4.7%	17.0%
Energy	4.3%	4.5%
Basic Materials	2.4%	6.4%
Utilities	2.3%	14.8%
Real Estate	1.8%	4.6%

Return for Risk

VNRG.L vs. USDV.L — Risk / Return Rank

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

VNRG.L

VNRG.L Risk / Return Rank: 82
VNRG.L Sharpe Ratio Rank: 85
VNRG.L Sortino Ratio Rank: 83
VNRG.L Omega Ratio Rank: 85
VNRG.L Calmar Ratio Rank: 79
VNRG.L Martin Ratio Rank: 77

USDV.L

USDV.L Risk / Return Rank: 41
USDV.L Sharpe Ratio Rank: 42
USDV.L Sortino Ratio Rank: 43
USDV.L Omega Ratio Rank: 39
USDV.L Calmar Ratio Rank: 43
USDV.L Martin Ratio Rank: 35

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.

VNRG.L vs. USDV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRG.L) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.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.

	VNRG.L	USDV.L	Difference
Sharpe ratio: Return per unit of total volatility	2.76	1.44	+1.32
Sortino ratio: Return per unit of downside risk	3.70	2.15	+1.56
Omega ratio: Gain probability vs. loss probability	1.52	1.25	+0.27
Calmar ratio: Return relative to maximum drawdown	4.01	2.12	+1.90
Martin ratio: Return relative to average drawdown	14.70	5.42	+9.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VNRG.L vs. USDV.L - Sharpe Ratio Comparison

The current VNRG.L Sharpe Ratio is 2.76, which is higher than the USDV.L Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of VNRG.L and USDV.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

	VNRG.L	USDV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.76	1.44	+1.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	0.53	+0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.84	+0.05

Drawdowns

VNRG.L vs. USDV.L - Drawdown Comparison

The maximum VNRG.L drawdown since its inception was -26.12%, smaller than the maximum USDV.L drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for VNRG.L and USDV.L.

Drawdown Indicators

	VNRG.L	USDV.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.12%	-27.80%	+1.68%
Max Drawdown (1Y) Largest decline over 1 year	-7.15%	-6.60%	-0.55%
Max Drawdown (3Y) Largest decline over 3 years	-20.92%	-16.30%	-4.62%
Max Drawdown (5Y) Largest decline over 5 years	-20.92%	-16.30%	-4.62%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.80%	—
Current Drawdown Current decline from peak	-0.14%	-3.68%	+3.54%
Average Drawdown Average peak-to-trough decline	-3.76%	-4.14%	+0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	2.58%	-0.63%

Volatility

VNRG.L vs. USDV.L - Volatility Comparison

Vanguard FTSE North America UCITS ETF (USD) Accumulating (VNRG.L) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (USDV.L) have volatilities of 2.56% and 2.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VNRG.L	USDV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	2.53%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	7.13%	7.19%	-0.06%
Volatility (1Y) Calculated over the trailing 1-year period	10.40%	9.69%	+0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.30%	12.78%	+1.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.26%	15.33%	+0.93%

VNRG.L vs. USDV.L - Expense Ratio Comparison

VNRG.L has a 0.10% expense ratio, which is lower than USDV.L's 0.35% expense ratio.

Dividends

VNRG.L vs. USDV.L - Dividend Comparison

VNRG.L has not paid dividends to shareholders, while USDV.L's dividend yield for the trailing twelve months is around 2.04%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
USDV.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis	2.04%	2.20%	1.99%	2.29%	2.11%	2.12%	2.57%	2.65%	2.19%	3.07%	1.65%	2.00%
VNRG.L Vanguard FTSE North America UCITS ETF (USD) Accumulating	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 VNRG.L and USDV.L in my portfolio?

VNRG.L and USDV.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VNRG.L or USDV.L?

On fees, VNRG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VNRG.L or USDV.L?

VNRG.L is cheaper with a 0.10% expense ratio, compared with 0.35% for USDV.L.

What is the main difference between VNRG.L and USDV.L?

VNRG.L tracks Russell 1000 TR USD, while USDV.L tracks S&P High Yield Dividend Aristocrats Index. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.10% for VNRG.L and 0.35% for USDV.L.