VUSD.L vs. VEVE.L

Last updated Jun 6, 2026

VUSD.L (Vanguard S&P 500 UCITS ETF) and VEVE.L (Vanguard FTSE Developed World UCITS ETF Distributing) are both exchange-traded funds - VUSD.L is a S&P 500 fund tracking the S&P 500 Index, while VEVE.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, VUSD.L returned 15.04%/yr vs 12.95%/yr for VEVE.L. Their correlation of 0.89 suggests significant overlap in exposure. VUSD.L charges 0.07%/yr vs 0.12%/yr for VEVE.L.

Performance

VUSD.L vs. VEVE.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 FTSE Developed World UCITS ETF Distributing (VEVE.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VUSD.L is traded in USD, while VEVE.L is traded in GBP. To make them comparable, the VEVE.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 9.13% return, which is significantly lower than VEVE.L's 9.71% return. Over the past 10 years, VUSD.L has outperformed VEVE.L with an annualized return of 15.04%, while VEVE.L has yielded a comparatively lower 12.95% annualized return.

VUSD.L

• 1D: -1.09%
• 1M: 2.09%
• YTD: 9.13%
• 6M: 9.56%
• 1Y: 26.22%
• 3Y*: 21.85%
• 5Y*: 13.47%
• 10Y*: 15.04%

VEVE.L

• 1D: -1.68%
• 1M: 1.04%
• YTD: 9.71%
• 6M: 10.70%
• 1Y: 26.22%
• 3Y*: 20.76%
• 5Y*: 11.72%
• 10Y*: 12.95%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VUSD.L Vanguard S&P 500 UCITS ETF	9.13%	17.38%	25.25%	26.78%	-18.73%	29.43%	17.64%	30.51%	-5.54%	21.66%
VEVE.L Vanguard FTSE Developed World UCITS ETF Distributing	9.71%	22.40%	18.22%	23.65%	-18.14%	21.57%	15.88%	27.82%	-9.80%	23.34%

Correlation

The correlation between VUSD.L and VEVE.L is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Oct 1, 2014	0.89

The correlation between VUSD.L and VEVE.L has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.

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

Sectors	VUSD.L	VEVE.L
Technology	35.7%	29.0%
Financial Services	11.6%	15.6%
Communication Services	11.3%	9.0%
Consumer Cyclical	10.2%	9.3%
Healthcare	8.5%	8.5%
Industrials	8.3%	11.5%
Consumer Defensive	4.9%	5.1%
Energy	3.5%	4.1%
Utilities	2.4%	2.6%
Real Estate	1.9%	2.0%
Basic Materials	1.8%	3.4%

Return for Risk

VUSD.L vs. VEVE.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: 74
VUSD.L Sharpe Ratio Rank: 74
VUSD.L Sortino Ratio Rank: 79
VUSD.L Omega Ratio Rank: 73
VUSD.L Calmar Ratio Rank: 69
VUSD.L Martin Ratio Rank: 77

VEVE.L

VEVE.L Risk / Return Rank: 87
VEVE.L Sharpe Ratio Rank: 89
VEVE.L Sortino Ratio Rank: 88
VEVE.L Omega Ratio Rank: 89
VEVE.L Calmar Ratio Rank: 83
VEVE.L Martin Ratio Rank: 86

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. VEVE.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 FTSE Developed World UCITS ETF Distributing (VEVE.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	VEVE.L	Difference
Sharpe ratio: Return per unit of total volatility	2.21	2.22	-0.01
Sortino ratio: Return per unit of downside risk	3.24	3.24	0.00
Omega ratio: Gain probability vs. loss probability	1.40	1.40	0.00
Calmar ratio: Return relative to maximum drawdown	3.19	2.95	+0.24
Martin ratio: Return relative to average drawdown	13.70	13.06	+0.64
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. VEVE.L - Sharpe Ratio Comparison

The current VUSD.L Sharpe Ratio is 2.21, which is comparable to the VEVE.L Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of VUSD.L and VEVE.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	VEVE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	2.22	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.77	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.92	0.83	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.72	+0.25

Drawdowns

VUSD.L vs. VEVE.L - Drawdown Comparison

The maximum VUSD.L drawdown since its inception was -33.94%, roughly equal to the maximum VEVE.L drawdown of -33.61%. Use the drawdown chart below to compare losses from any high point for VUSD.L and VEVE.L.

Drawdown Indicators

	VUSD.L	VEVE.L	Difference
Max Drawdown Largest peak-to-trough decline	-33.94%	-33.61%	-0.33%
Max Drawdown (1Y) Largest decline over 1 year	-8.19%	-8.84%	+0.65%
Max Drawdown (3Y) Largest decline over 3 years	-18.44%	-17.24%	-1.20%
Max Drawdown (5Y) Largest decline over 5 years	-24.42%	-26.74%	+2.32%
Max Drawdown (10Y) Largest decline over 10 years	-33.94%	-33.61%	-0.33%
Current Drawdown Current decline from peak	-1.63%	-2.33%	+0.70%
Average Drawdown Average peak-to-trough decline	-3.65%	-4.77%	+1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.91%	2.00%	-0.09%

Volatility

VUSD.L vs. VEVE.L - Volatility Comparison

Vanguard S&P 500 UCITS ETF (VUSD.L) and Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) have volatilities of 3.26% and 3.21%, 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

	VUSD.L	VEVE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	3.21%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	8.67%	9.03%	-0.36%
Volatility (1Y) Calculated over the trailing 1-year period	11.79%	11.75%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.01%	15.19%	+0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.25%	15.60%	+0.65%

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

VUSD.L has a 0.07% expense ratio, which is lower than VEVE.L'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

VUSD.L vs. VEVE.L - Dividend Comparison

VUSD.L's dividend yield for the trailing twelve months is around 0.87%, less than VEVE.L's 1.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VEVE.L Vanguard FTSE Developed World UCITS ETF Distributing	1.24%	1.38%	1.48%	1.71%	1.98%	1.46%	1.62%	1.95%	2.24%	1.93%	1.88%	2.03%
VUSD.L Vanguard S&P 500 UCITS ETF	0.87%	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 VEVE.L in my portfolio?

With a correlation of 0.90, VUSD.L and VEVE.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, VUSD.L or VEVE.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 VEVE.L?

VUSD.L is cheaper with a 0.07% expense ratio, compared with 0.12% for VEVE.L.

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

VUSD.L is categorized as S&P 500, while VEVE.L is Global Equities. VUSD.L tracks S&P 500 Index, while VEVE.L tracks MSCI ACWI NR USD. Their fees differ too: 0.07% for VUSD.L and 0.12% for VEVE.L.