VVLU.AX vs. VESG.AX

Last updated Jul 18, 2026

VVLU.AX (Vanguard Global Value Equity Active ETF) and VESG.AX (Vanguard Ethically Conscious International Shares Index ETF) are both Global Equities funds from Vanguard. VVLU.AX is actively managed, while VESG.AX is passively managed. Over the past 5 years, VVLU.AX returned 14.07%/yr vs 11.82%/yr for VESG.AX. A 0.57 correlation means they provide meaningful diversification when combined.

Performance

VVLU.AX vs. VESG.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Vanguard Global Value Equity Active ETF (VVLU.AX) and Vanguard Ethically Conscious International Shares Index ETF (VESG.AX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VVLU.AX achieves a 9.72% return, which is significantly higher than VESG.AX's 4.81% return.

VVLU.AX

• 1D: 0.82%
• 1M: 4.87%
• 6M: 6.75%
• YTD: 9.72%
• 1Y: 22.93%
• 3Y*: 18.19%
• 5Y*: 14.07%
• 10Y*: —

VESG.AX

• 1D: -1.59%
• 1M: -0.82%
• 6M: 3.87%
• YTD: 4.81%
• 1Y: 13.09%
• 3Y*: 17.74%
• 5Y*: 11.82%
• 10Y*: —

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

VVLU.AX vs. VESG.AX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VVLU.AX Vanguard Global Value Equity Active ETF	9.72%	18.04%	15.87%	18.15%	0.35%	37.99%	-11.29%	22.31%	-16.03%
VESG.AX Vanguard Ethically Conscious International Shares Index ETF	4.81%	12.41%	30.88%	25.56%	-17.69%	29.71%	9.79%	30.11%	-11.40%

Correlation

The correlation between VVLU.AX and VESG.AX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Sep 11, 2018	0.57

The correlation between VVLU.AX and VESG.AX shifts across timeframes, from 0.47 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

VVLU.AX vs. VESG.AX — Risk / Return Rank

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

VVLU.AX

VVLU.AX Risk / Return Rank: 66
VVLU.AX Sharpe Ratio Rank: 67
VVLU.AX Sortino Ratio Rank: 69
VVLU.AX Omega Ratio Rank: 66
VVLU.AX Calmar Ratio Rank: 65
VVLU.AX Martin Ratio Rank: 62

VESG.AX

VESG.AX Risk / Return Rank: 36
VESG.AX Sharpe Ratio Rank: 41
VESG.AX Sortino Ratio Rank: 39
VESG.AX Omega Ratio Rank: 43
VESG.AX Calmar Ratio Rank: 27
VESG.AX Martin Ratio Rank: 29

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.

VVLU.AX vs. VESG.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Value Equity Active ETF (VVLU.AX) and Vanguard Ethically Conscious International Shares Index ETF (VESG.AX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VVLU.AX	VESG.AX	Difference
Sharpe ratio: Return per unit of total volatility	1.64	1.12	+0.52
Sortino ratio: Return per unit of downside risk	2.37	1.59	+0.79
Omega ratio: Gain probability vs. loss probability	1.29	1.22	+0.08
Calmar ratio: Return relative to maximum drawdown	2.39	0.99	+1.40
Martin ratio: Return relative to average drawdown	8.07	2.96	+5.11

VVLU.AX vs. VESG.AX - Sharpe Ratio Comparison

The current VVLU.AX Sharpe Ratio is 1.64, which is higher than the VESG.AX Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of VVLU.AX and VESG.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VVLU.AX vs. VESG.AX - Drawdown Comparison

The maximum VVLU.AX drawdown since its inception was -36.95%, which is greater than VESG.AX's maximum drawdown of -23.90%. Use the drawdown chart below to compare losses from any high point for VVLU.AX and VESG.AX.

Drawdown Indicators

	VVLU.AX	VESG.AX	Difference
Max Drawdown Largest peak-to-trough decline	-36.95%	-23.90%	-13.05%
Max Drawdown (1Y) Largest decline over 1 year	-9.30%	-12.59%	+3.29%
Max Drawdown (3Y) Largest decline over 3 years	-14.80%	-14.93%	+0.13%
Max Drawdown (5Y) Largest decline over 5 years	-14.80%	-23.90%	+9.10%
Current Drawdown Current decline from peak	0.00%	-2.33%	+2.33%
Average Drawdown Average peak-to-trough decline	-6.22%	-5.02%	-1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	4.30%	-1.52%

Volatility

VVLU.AX vs. VESG.AX - Volatility Comparison

Vanguard Global Value Equity Active ETF (VVLU.AX) and Vanguard Ethically Conscious International Shares Index ETF (VESG.AX) have volatilities of 3.43% and 3.47%, 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

	VVLU.AX	VESG.AX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	3.47%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	10.98%	9.12%	+1.86%
Volatility (1Y) Calculated over the trailing 1-year period	13.62%	11.22%	+2.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.94%	13.38%	+1.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	14.07%	+3.89%

Dividends

VVLU.AX vs. VESG.AX - Dividend Comparison

VVLU.AX's dividend yield for the trailing twelve months is around 10.90%, more than VESG.AX's 1.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
VESG.AX Vanguard Ethically Conscious International Shares Index ETF	1.10%	1.47%	0.73%	1.45%	1.83%	0.99%	1.47%	1.37%	0.00%
VVLU.AX Vanguard Global Value Equity Active ETF	10.90%	7.07%	3.21%	5.22%	2.63%	1.36%	2.21%	2.31%	0.46%

Frequently Asked Questions

Can I hold both VVLU.AX and VESG.AX in my portfolio?

VVLU.AX and VESG.AX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.