VNRT.L vs. VGVE.DE
VNRT.L (Vanguard FTSE North America UCITS ETF Distributing) and VGVE.DE (Vanguard FTSE Developed World UCITS ETF Distributing) are both exchange-traded funds - VNRT.L is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD, while VGVE.DE is a Global Equities fund tracking the FTSE Developed. Both are passively managed. Over the past 5 years, VNRT.L returned 14.08%/yr vs 13.11%/yr for VGVE.DE. Their correlation of 0.91 suggests significant overlap in exposure. VNRT.L charges 0.10%/yr vs 0.12%/yr for VGVE.DE.
Performance
VNRT.L vs. VGVE.DE - Performance Comparison
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Different Trading Currencies
VNRT.L is traded in GBP, while VGVE.DE is traded in EUR. To make them comparable, the VGVE.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VNRT.L achieves a 10.09% return, which is significantly lower than VGVE.DE's 11.66% return.
VNRT.L
- 1D
- 0.13%
- 1M
- 5.67%
- YTD
- 10.09%
- 6M
- 9.79%
- 1Y
- 27.47%
- 3Y*
- 18.48%
- 5Y*
- 14.08%
- 10Y*
- 15.64%
VGVE.DE
- 1D
- -0.06%
- 1M
- 5.49%
- YTD
- 11.66%
- 6M
- 12.09%
- 1Y
- 29.55%
- 3Y*
- 18.21%
- 5Y*
- 13.11%
- 10Y*
- —
VNRT.L vs. VGVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNRT.L Vanguard FTSE North America UCITS ETF Distributing | 10.09% | 8.77% | 26.36% | 19.99% | -9.98% | 28.99% | 15.42% | 26.39% | -0.82% | 2.82% |
VGVE.DE Vanguard FTSE Developed World UCITS ETF Distributing | 11.66% | 14.44% | 19.47% | 17.52% | -8.99% | 22.12% | 11.39% | 23.88% | -4.53% | 2.30% |
Correlation
The correlation between VNRT.L and VGVE.DE 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 (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.91 |
The correlation between VNRT.L and VGVE.DE has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.
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Return for Risk
VNRT.L vs. VGVE.DE — Risk / Return Rank
VNRT.L
VGVE.DE
VNRT.L vs. VGVE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE North America UCITS ETF Distributing (VNRT.L) and Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.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.
| VNRT.L | VGVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.51 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 4.29 | -0.77 |
| Martin ratioReturn relative to average drawdown | 12.56 | 17.35 | -4.79 |
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
| VNRT.L | VGVE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.62 | 2.73 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.96 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 0.80 | +0.17 |
Drawdowns
VNRT.L vs. VGVE.DE - Drawdown Comparison
The maximum VNRT.L drawdown since its inception was -26.17%, roughly equal to the maximum VGVE.DE drawdown of -26.21%. Use the drawdown chart below to compare losses from any high point for VNRT.L and VGVE.DE.
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Drawdown Indicators
| VNRT.L | VGVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.17% | -26.21% | +0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.77% | -6.85% | -0.92% |
Max Drawdown (3Y)Largest decline over 3 years | -21.38% | -19.29% | -2.09% |
Max Drawdown (5Y)Largest decline over 5 years | -21.38% | -19.29% | -2.09% |
Max Drawdown (10Y)Largest decline over 10 years | -26.17% | — | — |
Current DrawdownCurrent decline from peak | -0.15% | -0.38% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -3.58% | -3.42% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 1.70% | +0.48% |
Volatility
VNRT.L vs. VGVE.DE - Volatility Comparison
The current volatility for Vanguard FTSE North America UCITS ETF Distributing (VNRT.L) is 2.57%, while Vanguard FTSE Developed World UCITS ETF Distributing (VGVE.DE) has a volatility of 3.06%. This indicates that VNRT.L experiences smaller price fluctuations and is considered to be less risky than VGVE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNRT.L | VGVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.57% | 3.06% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 7.12% | 7.78% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.43% | 10.76% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.36% | 13.55% | +0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.55% | 15.18% | +0.37% |
VNRT.L vs. VGVE.DE - Expense Ratio Comparison
VNRT.L has a 0.10% expense ratio, which is lower than VGVE.DE's 0.12% 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
VNRT.L vs. VGVE.DE - Dividend Comparison
VNRT.L has not paid dividends to shareholders, while VGVE.DE's dividend yield for the trailing twelve months is around 1.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGVE.DE Vanguard FTSE Developed World UCITS ETF Distributing | 1.06% | 1.22% | 1.36% | 1.59% | 1.93% | 1.22% | 1.40% | 1.67% | 1.95% | 0.34% | 0.00% | 0.00% |
VNRT.L Vanguard FTSE North America UCITS ETF Distributing | 0.00% | 0.00% | 0.49% | 1.24% | 1.41% | 1.02% | 1.43% | 1.48% | 1.76% | 1.61% | 1.51% | 1.68% |
Frequently Asked Questions
With a correlation of 0.91, VNRT.L and VGVE.DE 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, VNRT.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VNRT.L is cheaper with a 0.10% expense ratio, compared with 0.12% for VGVE.DE.
VNRT.L is categorized as Large Cap Blend Equities, while VGVE.DE is Global Equities. VNRT.L tracks Russell 1000 TR USD, while VGVE.DE tracks FTSE Developed. Their fees differ too: 0.10% for VNRT.L and 0.12% for VGVE.DE.
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