WEXU.L vs. VEA

Last updated Jul 16, 2026

WEXU.L (Amundi MSCI World Ex USA UCITS ETF Acc) and VEA (Vanguard FTSE Developed Markets ETF) are both Foreign Large Cap Equities funds - WEXU.L tracks the MSCI World ex USA Index while VEA tracks the FTSE Developed All Cap ex US Index. Both are passively managed. Over the past year, WEXU.L returned 23.85% vs 27.90% for VEA. A 0.66 correlation means they provide meaningful diversification when combined. WEXU.L charges 0.15%/yr vs 0.03%/yr for VEA.

Performance

WEXU.L vs. VEA - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Amundi MSCI World Ex USA UCITS ETF Acc (WEXU.L) and Vanguard FTSE Developed Markets ETF (VEA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

WEXU.L is traded in GBP, while VEA is traded in USD. To make them comparable, the VEA values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, WEXU.L achieves a 10.98% return, which is significantly lower than VEA's 13.69% return.

WEXU.L

• 1D: 0.00%
• 1M: 0.55%
• 6M: 7.61%
• YTD: 10.98%
• 1Y: 23.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VEA

• 1D: -0.73%
• 1M: -2.52%
• 6M: 9.27%
• YTD: 13.69%
• 1Y: 27.90%
• 3Y*: 16.82%
• 5Y*: 10.50%
• 10Y*: 9.88%

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

WEXU.L vs. VEA - Yearly Performance Comparison

	2026 (YTD)	2025
WEXU.L Amundi MSCI World Ex USA UCITS ETF Acc	10.98%	14.11%
VEA Vanguard FTSE Developed Markets ETF	13.69%	17.23%

Correlation

The correlation between WEXU.L and VEA is 0.70, 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	0.70
Correlation (All Time) Calculated using the full available price history since Feb 18, 2025	0.66

The correlation between WEXU.L and VEA has been stable across timeframes, ranging from 0.66 to 0.70 - a consistent structural relationship.

Return for Risk

WEXU.L vs. VEA — Risk / Return Rank

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

WEXU.L

WEXU.L Risk / Return Rank: 72
WEXU.L Sharpe Ratio Rank: 78
WEXU.L Sortino Ratio Rank: 76
WEXU.L Omega Ratio Rank: 80
WEXU.L Calmar Ratio Rank: 62
WEXU.L Martin Ratio Rank: 63

VEA

VEA Risk / Return Rank: 65
VEA Sharpe Ratio Rank: 66
VEA Sortino Ratio Rank: 64
VEA Omega Ratio Rank: 66
VEA Calmar Ratio Rank: 63
VEA Martin Ratio Rank: 66

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.

WEXU.L vs. VEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World Ex USA UCITS ETF Acc (WEXU.L) and Vanguard FTSE Developed Markets ETF (VEA). 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.

	WEXU.L	VEA	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.94	+0.04
Sortino ratio: Return per unit of downside risk	2.75	2.60	+0.15
Omega ratio: Gain probability vs. loss probability	1.37	1.37	+0.01
Calmar ratio: Return relative to maximum drawdown	2.50	2.62	-0.12
Martin ratio: Return relative to average drawdown	9.08	10.14	-1.06

WEXU.L vs. VEA - Sharpe Ratio Comparison

The current WEXU.L Sharpe Ratio is 1.98, which is comparable to the VEA Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of WEXU.L and VEA, 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

WEXU.L vs. VEA - Drawdown Comparison

The maximum WEXU.L drawdown since its inception was -12.79%, smaller than the maximum VEA drawdown of -40.90%. Use the drawdown chart below to compare losses from any high point for WEXU.L and VEA.

Drawdown Indicators

	WEXU.L	VEA	Difference
Max Drawdown Largest peak-to-trough decline	-12.79%	-40.90%	+28.11%
Max Drawdown (1Y) Largest decline over 1 year	-9.57%	-10.69%	+1.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.52%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.38%	—
Current Drawdown Current decline from peak	-0.90%	-4.37%	+3.47%
Average Drawdown Average peak-to-trough decline	-1.78%	-6.16%	+4.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	2.76%	-0.13%

Volatility

WEXU.L vs. VEA - Volatility Comparison

The current volatility for Amundi MSCI World Ex USA UCITS ETF Acc (WEXU.L) is 3.41%, while Vanguard FTSE Developed Markets ETF (VEA) has a volatility of 4.89%. This indicates that WEXU.L experiences smaller price fluctuations and is considered to be less risky than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WEXU.L	VEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.41%	4.89%	-1.48%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	12.81%	-2.57%
Volatility (1Y) Calculated over the trailing 1-year period	12.10%	14.44%	-2.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.37%	13.50%	-0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.37%	15.54%	-2.17%

WEXU.L vs. VEA - Expense Ratio Comparison

WEXU.L has a 0.15% expense ratio, which is higher than VEA's 0.03% 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

WEXU.L vs. VEA - Dividend Comparison

WEXU.L has not paid dividends to shareholders, while VEA's dividend yield for the trailing twelve months is around 2.56%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VEA Vanguard FTSE Developed Markets ETF	2.56%	3.22%	3.35%	3.15%	2.91%	3.16%	2.04%	3.04%	3.35%	2.77%	3.05%	2.92%
WEXU.L Amundi MSCI World Ex USA UCITS ETF Acc	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

Can I hold both WEXU.L and VEA in my portfolio?

WEXU.L and VEA have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WEXU.L or VEA?

On fees, VEA is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WEXU.L or VEA?

VEA is cheaper with a 0.03% expense ratio, compared with 0.15% for WEXU.L.

What is the main difference between WEXU.L and VEA?

WEXU.L tracks MSCI World ex USA Index, while VEA tracks FTSE Developed All Cap ex US Index. They also come from different issuers: Amundi and Vanguard. Their fees differ too: 0.15% for WEXU.L and 0.03% for VEA.