VUSD.L vs. V3AB.L

Last updated Jun 5, 2026

VUSD.L (Vanguard S&P 500 UCITS ETF) and V3AB.L (Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating) are both exchange-traded funds - VUSD.L is a S&P 500 fund tracking the S&P 500 Index, while V3AB.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, VUSD.L returned 13.71%/yr vs 10.73%/yr for V3AB.L. Their correlation of 0.89 suggests significant overlap in exposure. VUSD.L charges 0.07%/yr vs 0.24%/yr for V3AB.L.

Performance

VUSD.L vs. V3AB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P 500 UCITS ETF (VUSD.L) and Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating (V3AB.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VUSD.L is traded in USD, while V3AB.L is traded in GBP. To make them comparable, the V3AB.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VUSD.L achieves a 10.34% return, which is significantly lower than V3AB.L's 11.86% return.

VUSD.L

• 1D: 0.02%
• 1M: 3.22%
• YTD: 10.34%
• 6M: 10.77%
• 1Y: 27.61%
• 3Y*: 22.17%
• 5Y*: 13.71%
• 10Y*: 15.21%

V3AB.L

• 1D: 0.08%
• 1M: 5.42%
• YTD: 11.86%
• 6M: 13.74%
• 1Y: 29.00%
• 3Y*: 20.84%
• 5Y*: 10.73%
• 10Y*: —

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

VUSD.L vs. V3AB.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VUSD.L Vanguard S&P 500 UCITS ETF	10.34%	17.37%	25.26%	26.78%	-18.74%	23.77%
V3AB.L Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating	11.87%	20.69%	17.77%	24.17%	-21.11%	15.68%

Correlation

The correlation between VUSD.L and V3AB.L is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Mar 26, 2021	0.89

The correlation between VUSD.L and V3AB.L has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.

VUSD.L vs. V3AB.L - Sectors Allocation Comparison

Sectors	VUSD.L	V3AB.L
Technology	35.7%	33.9%
Financial Services	11.6%	17.7%
Communication Services	11.3%	10.0%
Consumer Cyclical	10.2%	11.2%
Healthcare	8.5%	9.7%
Industrials	8.3%	6.4%
Consumer Defensive	4.9%	4.4%
Energy	3.5%	0.0%
Utilities	2.4%	0.4%
Real Estate	1.9%	3.0%
Basic Materials	1.8%	3.4%

Return for Risk

VUSD.L vs. V3AB.L — Risk / Return Rank

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

VUSD.L

VUSD.L Risk / Return Rank: 75
VUSD.L Sharpe Ratio Rank: 74
VUSD.L Sortino Ratio Rank: 78
VUSD.L Omega Ratio Rank: 74
VUSD.L Calmar Ratio Rank: 70
VUSD.L Martin Ratio Rank: 77

V3AB.L

V3AB.L Risk / Return Rank: 80
V3AB.L Sharpe Ratio Rank: 81
V3AB.L Sortino Ratio Rank: 80
V3AB.L Omega Ratio Rank: 83
V3AB.L Calmar Ratio Rank: 76
V3AB.L Martin Ratio Rank: 80

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.

VUSD.L vs. V3AB.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS ETF (VUSD.L) and Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating (V3AB.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.

	VUSD.L	V3AB.L	Difference
Sharpe ratio: Return per unit of total volatility	2.36	2.21	+0.15
Sortino ratio: Return per unit of downside risk	3.46	3.24	+0.22
Omega ratio: Gain probability vs. loss probability	1.43	1.40	+0.03
Calmar ratio: Return relative to maximum drawdown	3.39	2.74	+0.64
Martin ratio: Return relative to average drawdown	14.57	11.54	+3.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VUSD.L vs. V3AB.L - Sharpe Ratio Comparison

The current VUSD.L Sharpe Ratio is 2.36, which is comparable to the V3AB.L Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of VUSD.L and V3AB.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

	VUSD.L	V3AB.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	2.21	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.68	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.93	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.76	+0.22

Drawdowns

VUSD.L vs. V3AB.L - Drawdown Comparison

The maximum VUSD.L drawdown since its inception was -33.93%, which is greater than V3AB.L's maximum drawdown of -28.87%. Use the drawdown chart below to compare losses from any high point for VUSD.L and V3AB.L.

Drawdown Indicators

	VUSD.L	V3AB.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.93%	-28.87%	-5.06%
Max Drawdown (1Y) Largest decline over 1 year	-8.18%	-10.53%	+2.35%
Max Drawdown (3Y) Largest decline over 3 years	-18.44%	-17.77%	-0.67%
Max Drawdown (5Y) Largest decline over 5 years	-24.42%	-28.87%	+4.45%
Max Drawdown (10Y) Largest decline over 10 years	-33.93%	—	—
Current Drawdown Current decline from peak	-0.54%	-0.86%	+0.32%
Average Drawdown Average peak-to-trough decline	-3.71%	-6.76%	+3.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	2.51%	-0.60%

Volatility

VUSD.L vs. V3AB.L - Volatility Comparison

The current volatility for Vanguard S&P 500 UCITS ETF (VUSD.L) is 3.19%, while Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating (V3AB.L) has a volatility of 3.85%. This indicates that VUSD.L experiences smaller price fluctuations and is considered to be less risky than V3AB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VUSD.L	V3AB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	3.85%	-0.66%
Volatility (6M) Calculated over the trailing 6-month period	8.59%	10.21%	-1.62%
Volatility (1Y) Calculated over the trailing 1-year period	11.73%	13.08%	-1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	15.87%	+0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.25%	15.78%	+0.47%

VUSD.L vs. V3AB.L - Expense Ratio Comparison

VUSD.L has a 0.07% expense ratio, which is lower than V3AB.L's 0.24% 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

VUSD.L vs. V3AB.L - Dividend Comparison

VUSD.L's dividend yield for the trailing twelve months is around 0.86%, while V3AB.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
V3AB.L Vanguard ESG Global All Cap UCITS ETF (USD) Accumulating	0.00%	0.00%	0.00%	0.00%	1.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VUSD.L Vanguard S&P 500 UCITS ETF	0.86%	0.94%	1.03%	1.22%	1.43%	1.06%	1.34%	1.45%	1.78%	1.54%	1.72%	1.78%

Frequently Asked Questions

Can I hold both VUSD.L and V3AB.L in my portfolio?

VUSD.L and V3AB.L have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VUSD.L or V3AB.L?

On fees, VUSD.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, VUSD.L or V3AB.L?

VUSD.L is cheaper with a 0.07% expense ratio, compared with 0.24% for V3AB.L.

What is the main difference between VUSD.L and V3AB.L?

VUSD.L is categorized as S&P 500, while V3AB.L is Global Equities. VUSD.L tracks S&P 500 Index, while V3AB.L tracks MSCI ACWI NR USD. Their fees differ too: 0.07% for VUSD.L and 0.24% for V3AB.L.