VWRL.AS vs. VEUR.AS
VWRL.AS (Vanguard FTSE All-World UCITS ETF (USD) Distributing) and VEUR.AS (Vanguard FTSE Developed Europe UCITS ETF) are both exchange-traded funds - VWRL.AS is a Global Equities fund tracking the FTSE All-World Index, while VEUR.AS is a Europe Equities fund tracking the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, VWRL.AS returned 12.48%/yr vs 9.20%/yr for VEUR.AS. Their correlation of 0.84 suggests significant overlap in exposure. VWRL.AS charges 0.19%/yr vs 0.10%/yr for VEUR.AS.
Performance
VWRL.AS vs. VEUR.AS - Performance Comparison
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Returns By Period
In the year-to-date period, VWRL.AS achieves a 13.10% return, which is significantly higher than VEUR.AS's 6.55% return. Over the past 10 years, VWRL.AS has outperformed VEUR.AS with an annualized return of 12.48%, while VEUR.AS has yielded a comparatively lower 9.20% annualized return.
VWRL.AS
- 1D
- -0.42%
- 1M
- 6.19%
- YTD
- 13.10%
- 6M
- 13.88%
- 1Y
- 26.87%
- 3Y*
- 18.01%
- 5Y*
- 12.33%
- 10Y*
- 12.48%
VEUR.AS
- 1D
- -0.71%
- 1M
- 3.66%
- YTD
- 6.55%
- 6M
- 9.83%
- 1Y
- 16.22%
- 3Y*
- 13.65%
- 5Y*
- 9.80%
- 10Y*
- 9.20%
VWRL.AS vs. VEUR.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing | 13.10% | 8.40% | 25.57% | 18.07% | -13.65% | 28.52% | 6.31% | 27.76% | -4.68% | 8.95% |
VEUR.AS Vanguard FTSE Developed Europe UCITS ETF | 6.55% | 19.69% | 10.27% | 16.15% | -10.11% | 25.55% | -2.72% | 25.95% | -10.04% | 10.80% |
Correlation
The correlation between VWRL.AS and VEUR.AS is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2013 | 0.84 |
The correlation between VWRL.AS and VEUR.AS shifts across timeframes, from 0.72 (3 years) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VWRL.AS vs. VEUR.AS — Risk / Return Rank
VWRL.AS
VEUR.AS
VWRL.AS vs. VEUR.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS) and Vanguard FTSE Developed Europe UCITS ETF (VEUR.AS). 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.
| VWRL.AS | VEUR.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.24 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | 1.67 | +2.39 |
| Martin ratioReturn relative to average drawdown | 16.76 | 6.30 | +10.46 |
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
| VWRL.AS | VEUR.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.38 | 1.25 | +1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.68 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.58 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.77 | 0.52 | +0.25 |
Drawdowns
VWRL.AS vs. VEUR.AS - Drawdown Comparison
The maximum VWRL.AS drawdown since its inception was -33.27%, smaller than the maximum VEUR.AS drawdown of -35.63%. Use the drawdown chart below to compare losses from any high point for VWRL.AS and VEUR.AS.
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Drawdown Indicators
| VWRL.AS | VEUR.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.27% | -35.63% | +2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -9.59% | +3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -21.00% | -16.41% | -4.59% |
Max Drawdown (5Y)Largest decline over 5 years | -21.00% | -20.19% | -0.81% |
Max Drawdown (10Y)Largest decline over 10 years | -33.27% | -35.63% | +2.36% |
Current DrawdownCurrent decline from peak | -0.42% | -2.18% | +1.76% |
Average DrawdownAverage peak-to-trough decline | -4.38% | -5.29% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 2.55% | -0.96% |
Volatility
VWRL.AS vs. VEUR.AS - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (USD) Distributing (VWRL.AS) is 3.23%, while Vanguard FTSE Developed Europe UCITS ETF (VEUR.AS) has a volatility of 4.91%. This indicates that VWRL.AS experiences smaller price fluctuations and is considered to be less risky than VEUR.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWRL.AS | VEUR.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.23% | 4.91% | -1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 8.02% | 10.61% | -2.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.20% | 12.80% | -1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.70% | 14.22% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.82% | 15.51% | -0.69% |
VWRL.AS vs. VEUR.AS - Expense Ratio Comparison
VWRL.AS has a 0.19% expense ratio, which is higher than VEUR.AS's 0.10% 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
VWRL.AS vs. VEUR.AS - Dividend Comparison
VWRL.AS's dividend yield for the trailing twelve months is around 1.24%, less than VEUR.AS's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEUR.AS Vanguard FTSE Developed Europe UCITS ETF | 2.62% | 2.79% | 3.04% | 3.00% | 3.32% | 2.66% | 2.24% | 3.24% | 3.62% | 3.05% | 3.19% | 3.10% |
VWRL.AS Vanguard FTSE All-World UCITS ETF (USD) Distributing | 1.24% | 1.42% | 1.47% | 1.74% | 2.10% | 1.43% | 1.56% | 1.89% | 2.24% | 1.93% | 1.95% | 2.03% |
Frequently Asked Questions
VWRL.AS and VEUR.AS have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEUR.AS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEUR.AS is cheaper with a 0.10% expense ratio, compared with 0.19% for VWRL.AS.
VWRL.AS is categorized as Global Equities, while VEUR.AS is Europe Equities. VWRL.AS tracks FTSE All-World Index, while VEUR.AS tracks MSCI Europe NR EUR. Their fees differ too: 0.19% for VWRL.AS and 0.10% for VEUR.AS.
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