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VWRA.L vs. VEVE.L
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VWRA.L vs. VEVE.L

Last updated Jun 5, 2026

VWRA.L (Vanguard FTSE All-World UCITS ETF USD Accumulating) and VEVE.L (Vanguard FTSE Developed World UCITS ETF Distributing) are both Global Equities funds from Vanguard - VWRA.L tracks the FTSE All-World Index while VEVE.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, VWRA.L returned 11.25%/yr vs 12.10%/yr for VEVE.L. Their correlation of 0.92 suggests significant overlap in exposure. VWRA.L charges 0.22%/yr vs 0.12%/yr for VEVE.L.

Performance

VWRA.L vs. VEVE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) and Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VWRA.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

As of year-to-date, both investments have demonstrated similar returns, with VWRA.L at 11.59% and VEVE.L at 11.59%.

VWRA.L

1D
-0.08%
1M
4.27%
YTD
11.59%
6M
13.04%
1Y
28.67%
3Y*
21.09%
5Y*
11.25%
10Y*
—

VEVE.L

1D
-0.02%
1M
4.62%
YTD
11.59%
6M
13.19%
1Y
28.68%
3Y*
21.41%
5Y*
12.10%
10Y*
13.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
VWRA.L
Vanguard FTSE All-World UCITS ETF USD Accumulating		11.59%22.45%17.65%22.28%-18.11%18.46%16.19%7.33%
VEVE.L
Vanguard FTSE Developed World UCITS ETF Distributing		11.59%22.40%18.22%23.64%-18.14%21.56%15.88%7.77%

Correlation

The correlation between VWRA.L and VEVE.L is 0.92, 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

0.92

Correlation (3Y)
Calculated over the trailing 3-year period

0.92

Correlation (5Y)
Calculated over the trailing 5-year period

0.93

Correlation (All Time)
Calculated using the full available price history since Jul 29, 2019

0.92

The correlation between VWRA.L and VEVE.L has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

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

Sectors
VWRA.L
VEVE.L

Technology

31.1%
29.0%

Financial Services

16.0%
15.6%

Industrials

9.8%
11.5%

Communication Services

9.1%
9.0%

Consumer Cyclical

9.1%
9.3%

Healthcare

8.2%
8.5%

Consumer Defensive

4.8%
5.1%

Energy

4.3%
4.1%

Basic Materials

3.3%
3.4%

Utilities

2.7%
2.6%

Real Estate

1.4%
2.0%

Technology

VWRA.L
31.1%
VEVE.L
29.0%

Financial Services

VWRA.L
16.0%
VEVE.L
15.6%

Industrials

VWRA.L
9.8%
VEVE.L
11.5%

Communication Services

VWRA.L
9.1%
VEVE.L
9.0%

Consumer Cyclical

VWRA.L
9.1%
VEVE.L
9.3%

Healthcare

VWRA.L
8.2%
VEVE.L
8.5%

Consumer Defensive

VWRA.L
4.8%
VEVE.L
5.1%

Energy

VWRA.L
4.3%
VEVE.L
4.1%

Basic Materials

VWRA.L
3.3%
VEVE.L
3.4%

Utilities

VWRA.L
2.7%
VEVE.L
2.6%

Real Estate

VWRA.L
1.4%
VEVE.L
2.0%

Compare stocks, funds, or ETFs

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Vanguard FTSE All-World UCITS ETF USD Accumulating

Vanguard FTSE Developed World UCITS ETF Distributing

Often compared with VWRA.L:
VWRA.L vs. VTVWRA.L vs. ACWD.LVWRA.L vs. ISAC.LVWRA.L vs. QQQVWRA.L vs. XDWT.LVWRA.L vs. IWVL.LVWRA.L vs. CNDX.L
Often compared with VEVE.L:
VEVE.L vs. VWRL.LVEVE.L vs. VUSA.LVEVE.L vs. VFEM.DEVEVE.L vs. HMWO.LVEVE.L vs. FTWG.LVEVE.L vs. LGGG.LVEVE.L vs. VNRT.L

Return for Risk

VWRA.L vs. VEVE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VWRA.L
VWRA.L Risk / Return Rank: 7272
Overall Rank
VWRA.L Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
VWRA.L Sortino Ratio Rank: 7777
Sortino Ratio Rank
VWRA.L Omega Ratio Rank: 7272
Omega Ratio Rank
VWRA.L Calmar Ratio Rank: 6666
Calmar Ratio Rank
VWRA.L Martin Ratio Rank: 7474
Martin Ratio Rank
VEVE.L
VEVE.L Risk / Return Rank: 8686
Overall Rank
VEVE.L Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
VEVE.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
VEVE.L Omega Ratio Rank: 8989
Omega Ratio Rank
VEVE.L Calmar Ratio Rank: 8282
Calmar Ratio Rank
VEVE.L Martin Ratio Rank: 8585
Martin Ratio Rank
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.

VWRA.L vs. VEVE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.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.

VWRA.LVEVE.LDifference
Sharpe ratioReturn per unit of total volatility
2.31
2.46

-0.15

Sortino ratioReturn per unit of downside risk
3.42
3.60

-0.18

Omega ratioGain probability vs. loss probability

1.43

1.45

-0.02

Calmar ratioReturn relative to maximum drawdown

3.25

3.23

+0.02

Martin ratioReturn relative to average drawdown

13.63

14.32

-0.69

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VWRA.L vs. VEVE.L - Sharpe Ratio Comparison

The current VWRA.L Sharpe Ratio is 2.31, which is comparable to the VEVE.L Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of VWRA.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.

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Sharpe Ratios by Period

VWRA.LVEVE.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.31

2.46

-0.15

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.80

-0.07

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.85

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.78

0.74

+0.04

Drawdowns

VWRA.L vs. VEVE.L - Drawdown Comparison

The maximum VWRA.L drawdown since its inception was -33.62%, roughly equal to the maximum VEVE.L drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for VWRA.L and VEVE.L.

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Drawdown Indicators

VWRA.LVEVE.LDifference

Max Drawdown

Largest peak-to-trough decline

-33.62%

-33.60%

-0.02%

Max Drawdown (1Y)

Largest decline over 1 year

-8.78%

-8.84%

+0.06%

Max Drawdown (3Y)

Largest decline over 3 years

-16.26%

-17.24%

+0.98%

Max Drawdown (5Y)

Largest decline over 5 years

-26.06%

-26.73%

+0.67%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.60%

—

Current Drawdown

Current decline from peak

-0.75%

-0.67%

-0.08%

Average Drawdown

Average peak-to-trough decline

-5.39%

-4.76%

-0.63%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.10%

2.00%

+0.10%

Volatility

VWRA.L vs. VEVE.L - Volatility Comparison

Vanguard FTSE All-World UCITS ETF USD Accumulating (VWRA.L) has a higher volatility of 3.87% compared to Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) at 3.10%. This indicates that VWRA.L's price experiences larger fluctuations and is considered to be riskier than VEVE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VWRA.LVEVE.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.87%

3.10%

+0.77%

Volatility (6M)

Calculated over the trailing 6-month period

9.78%

8.85%

+0.93%

Volatility (1Y)

Calculated over the trailing 1-year period

12.36%

11.62%

+0.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.36%

15.17%

+0.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.28%

15.59%

+1.69%

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

VWRA.L has a 0.22% expense ratio, which is higher than VEVE.L's 0.12% 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

VWRA.L vs. VEVE.L - Dividend Comparison

VWRA.L has not paid dividends to shareholders, while VEVE.L's dividend yield for the trailing twelve months is around 1.23%.

PositionTTM20252024202320222021202020192018201720162015
VEVE.L
Vanguard FTSE Developed World UCITS ETF Distributing		1.23%1.38%1.48%1.71%1.98%1.46%1.62%1.95%2.24%1.93%1.88%2.03%
VWRA.L
Vanguard FTSE All-World UCITS ETF USD Accumulating		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

With a correlation of 0.92, VWRA.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.

On fees, VEVE.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VEVE.L is cheaper with a 0.12% expense ratio, compared with 0.22% for VWRA.L.

VWRA.L tracks FTSE All-World Index, while VEVE.L tracks MSCI ACWI NR USD. Their fees differ too: 0.22% for VWRA.L and 0.12% for VEVE.L.

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