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

VWRP.L vs. VEVE.L

Last updated Jun 5, 2026

VWRP.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 - VWRP.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, VWRP.L returned 12.46%/yr vs 13.29%/yr for VEVE.L. With a 0.99 correlation, they move nearly in lockstep. VWRP.L charges 0.22%/yr vs 0.12%/yr for VEVE.L.

Performance

VWRP.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 (VWRP.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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Returns By Period

The year-to-date returns for both stocks are quite close, with VWRP.L having a 11.92% return and VEVE.L slightly lower at 11.86%.

VWRP.L

1D
-0.03%
1M
5.32%
YTD
11.92%
6M
12.40%
1Y
29.91%
3Y*
17.99%
5Y*
12.46%
10Y*
—

VEVE.L

1D
-0.07%
1M
5.51%
YTD
11.86%
6M
12.36%
1Y
29.91%
3Y*
18.36%
5Y*
13.29%
10Y*
14.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)2025202420232022202120202019
VWRP.L
Vanguard FTSE All-World UCITS ETF (USD) Accumulating		11.92%13.94%19.60%15.64%-8.41%20.00%12.27%1.72%
VEVE.L
Vanguard FTSE Developed World UCITS ETF Distributing		11.86%13.81%20.22%17.45%-8.34%22.68%12.44%1.67%

Correlation

The correlation between VWRP.L and VEVE.L is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.98

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

0.99

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

0.98

Correlation (All Time)
Calculated using the full available price history since Jul 26, 2019

0.99

The correlation between VWRP.L and VEVE.L has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

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

Sectors
VWRP.L
VEVE.L

Technology

29.0%
29.0%

Financial Services

16.1%
15.6%

Industrials

11.0%
11.5%

Consumer Cyclical

9.4%
9.3%

Communication Services

8.8%
9.0%

Healthcare

8.0%
8.5%

Consumer Defensive

5.0%
5.1%

Energy

4.2%
4.1%

Basic Materials

3.8%
3.4%

Utilities

2.7%
2.6%

Real Estate

1.9%
2.0%

Technology

VWRP.L
29.0%
VEVE.L
29.0%

Financial Services

VWRP.L
16.1%
VEVE.L
15.6%

Industrials

VWRP.L
11.0%
VEVE.L
11.5%

Consumer Cyclical

VWRP.L
9.4%
VEVE.L
9.3%

Communication Services

VWRP.L
8.8%
VEVE.L
9.0%

Healthcare

VWRP.L
8.0%
VEVE.L
8.5%

Consumer Defensive

VWRP.L
5.0%
VEVE.L
5.1%

Energy

VWRP.L
4.2%
VEVE.L
4.1%

Basic Materials

VWRP.L
3.8%
VEVE.L
3.4%

Utilities

VWRP.L
2.7%
VEVE.L
2.6%

Real Estate

VWRP.L
1.9%
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 VWRP.L:
VWRP.L vs. FWRGVWRP.L vs. VWRD.LVWRP.L vs. SWDA.LVWRP.L vs. FWRG.LVWRP.L vs. IWDA.LVWRP.L vs. SSAC.LVWRP.L vs. VUAA.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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VWRP.L
VWRP.L Risk / Return Rank: 8686
Overall Rank
VWRP.L Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
VWRP.L Sortino Ratio Rank: 8888
Sortino Ratio Rank
VWRP.L Omega Ratio Rank: 8989
Omega Ratio Rank
VWRP.L Calmar Ratio Rank: 8181
Calmar Ratio Rank
VWRP.L Martin Ratio Rank: 8484
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.

VWRP.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 (VWRP.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.

VWRP.LVEVE.LDifference
Sharpe ratioReturn per unit of total volatility
2.87
2.89

-0.02

Sortino ratioReturn per unit of downside risk
3.94
3.96

-0.01

Omega ratioGain probability vs. loss probability

1.55

1.55

0.00

Calmar ratioReturn relative to maximum drawdown

4.20

4.29

-0.09

Martin ratioReturn relative to average drawdown

17.06

17.65

-0.58

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

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

The current VWRP.L Sharpe Ratio is 2.87, which is comparable to the VEVE.L Sharpe Ratio of 2.89. The chart below compares the historical Sharpe Ratios of VWRP.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

VWRP.LVEVE.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.87

2.89

-0.02

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.97

1.01

-0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.98

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.82

0.91

-0.09

Drawdowns

VWRP.L vs. VEVE.L - Drawdown Comparison

The maximum VWRP.L drawdown since its inception was -25.10%, roughly equal to the maximum VEVE.L drawdown of -25.52%. Use the drawdown chart below to compare losses from any high point for VWRP.L and VEVE.L.

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Drawdown Indicators

VWRP.LVEVE.LDifference

Max Drawdown

Largest peak-to-trough decline

-25.10%

-25.52%

+0.42%

Max Drawdown (1Y)

Largest decline over 1 year

-7.10%

-6.94%

-0.16%

Max Drawdown (3Y)

Largest decline over 3 years

-17.64%

-18.34%

+0.70%

Max Drawdown (5Y)

Largest decline over 5 years

-17.64%

-18.34%

+0.70%

Max Drawdown (10Y)

Largest decline over 10 years

—

-25.52%

—

Current Drawdown

Current decline from peak

-0.46%

-0.35%

-0.11%

Average Drawdown

Average peak-to-trough decline

-3.39%

-3.41%

+0.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.75%

1.69%

+0.06%

Volatility

VWRP.L vs. VEVE.L - Volatility Comparison

Vanguard FTSE All-World UCITS ETF (USD) Accumulating (VWRP.L) has a higher volatility of 2.95% compared to Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) at 2.72%. This indicates that VWRP.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

VWRP.LVEVE.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.95%

2.72%

+0.23%

Volatility (6M)

Calculated over the trailing 6-month period

7.68%

7.55%

+0.13%

Volatility (1Y)

Calculated over the trailing 1-year period

10.37%

10.31%

+0.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.87%

13.09%

-0.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.96%

14.33%

+0.63%

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

VWRP.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

VWRP.L vs. VEVE.L - Dividend Comparison

VWRP.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%
VWRP.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 0.98, VWRP.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 VWRP.L.

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

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