VNRG.L vs. VUAA.L

Last updated Jun 5, 2026

VNRG.L (Vanguard FTSE North America UCITS ETF (USD) Accumulating) and VUAA.L (Vanguard S&P 500 UCITS ETF USD Accumulation) are both exchange-traded funds - VNRG.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while VUAA.L is a S&P 500 fund tracking the S&P 500 Net Total Return. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. VNRG.L charges 0.10%/yr vs 0.07%/yr for VUAA.L.

Performance

VNRG.L vs. VUAA.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 Vanguard S&P 500 UCITS ETF USD Accumulation (VUAA.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

The year-to-date returns for both investments are quite close, with VNRG.L having a 10.37% return and VUAA.L slightly higher at 10.76%.

VNRG.L

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

VUAA.L

• 1D: 0.00%
• 1M: 4.56%
• YTD: 10.76%
• 6M: 10.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025
VNRG.L Vanguard FTSE North America UCITS ETF (USD) Accumulating	10.37%	16.05%
VUAA.L Vanguard S&P 500 UCITS ETF USD Accumulation	10.23%	16.08%

Correlation

The correlation between VNRG.L and VUAA.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 (All Time) Calculated using the full available price history since Jun 9, 2025	0.91

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

Sectors	VNRG.L	VUAA.L
Technology	34.4%	35.7%
Financial Services	13.0%	11.6%
Communication Services	10.9%	11.3%
Consumer Cyclical	9.8%	10.2%
Industrials	8.3%	8.3%
Healthcare	8.2%	8.5%
Consumer Defensive	4.7%	4.9%
Energy	4.3%	3.5%
Basic Materials	2.4%	1.8%
Utilities	2.3%	2.4%
Real Estate	1.8%	1.9%

Return for Risk

VNRG.L vs. VUAA.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

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. VUAA.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 Vanguard S&P 500 UCITS ETF USD Accumulation (VUAA.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	VUAA.L	Difference
Sharpe ratio: Return per unit of total volatility	2.76	—	—
Sortino ratio: Return per unit of downside risk	3.70	—	—
Omega ratio: Gain probability vs. loss probability	1.52	—	—
Calmar ratio: Return relative to maximum drawdown	4.01	—	—
Martin ratio: Return relative to average drawdown	14.70	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VNRG.L	VUAA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.76	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	2.39	-1.50

Drawdowns

VNRG.L vs. VUAA.L - Drawdown Comparison

The maximum VNRG.L drawdown since its inception was -26.12%, which is greater than VUAA.L's maximum drawdown of -7.23%. Use the drawdown chart below to compare losses from any high point for VNRG.L and VUAA.L.

Drawdown Indicators

	VNRG.L	VUAA.L	Difference
Max Drawdown Largest peak-to-trough decline	-26.12%	-7.23%	-18.89%
Max Drawdown (1Y) Largest decline over 1 year	-7.15%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.92%	—	—
Current Drawdown Current decline from peak	-0.14%	-0.19%	+0.05%
Average Drawdown Average peak-to-trough decline	-3.76%	-1.51%	-2.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	2.14%	-0.19%

Volatility

Volatility by Period

	VNRG.L	VUAA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.40%	11.97%	-1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.30%	11.97%	+2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.26%	11.97%	+4.29%

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

VNRG.L has a 0.10% expense ratio, which is higher than VUAA.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

VNRG.L vs. VUAA.L - Dividend Comparison

Neither VNRG.L nor VUAA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VNRG.L and VUAA.L in my portfolio?

With a correlation of 0.91, VNRG.L and VUAA.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, VNRG.L or VUAA.L?

On fees, VUAA.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, VNRG.L or VUAA.L?

VUAA.L is cheaper with a 0.07% expense ratio, compared with 0.10% for VNRG.L.

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

VNRG.L is categorized as Large Cap Blend Equities, while VUAA.L is S&P 500. VNRG.L tracks Russell 1000 TR USD, while VUAA.L tracks S&P 500 Net Total Return. Their fees differ too: 0.10% for VNRG.L and 0.07% for VUAA.L.