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

WSML.L vs. VEVE.L

Last updated Jun 14, 2026

WSML.L (iShares MSCI World Small Cap UCITS ETF USD (Acc)) and VEVE.L (Vanguard FTSE Developed World UCITS ETF Distributing) are both Global Equities funds - WSML.L tracks the MSCI World Small Cap Index while VEVE.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, WSML.L returned 7.00%/yr vs 11.71%/yr for VEVE.L. Their correlation of 0.83 suggests significant overlap in exposure. WSML.L charges 0.35%/yr vs 0.12%/yr for VEVE.L.

Performance

WSML.L vs. VEVE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI World Small Cap UCITS ETF USD (Acc) (WSML.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

WSML.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

In the year-to-date period, WSML.L achieves a 14.98% return, which is significantly higher than VEVE.L's 10.27% return.

WSML.L

1D
2.86%
1M
2.45%
YTD
14.98%
6M
14.98%
1Y
32.15%
3Y*
16.81%
5Y*
7.00%
10Y*
—

VEVE.L

1D
1.63%
1M
0.57%
YTD
10.27%
6M
11.62%
1Y
26.73%
3Y*
20.20%
5Y*
11.71%
10Y*
13.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

2026 (YTD)20252024202320222021202020192018
WSML.L
iShares MSCI World Small Cap UCITS ETF USD (Acc)		14.98%19.95%7.38%17.11%-18.62%15.23%16.50%24.35%-11.90%
VEVE.L
Vanguard FTSE Developed World UCITS ETF Distributing		10.27%22.40%18.22%23.65%-18.14%21.57%15.88%27.82%-6.89%

Correlation

The correlation between WSML.L and VEVE.L is 0.80, 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

0.80

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

0.80

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

0.83

Correlation (All Time)
Calculated using the full available price history since Mar 27, 2018

0.83

The correlation between WSML.L and VEVE.L has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.

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

Sectors
WSML.L
VEVE.L

Industrials

20.5%
11.5%

Financial Services

13.5%
15.6%

Technology

13.5%
29.0%

Consumer Cyclical

10.9%
9.3%

Healthcare

9.6%
8.5%

Basic Materials

8.2%
3.4%

Real Estate

8.2%
2.0%

Energy

5.5%
4.1%

Consumer Defensive

4.1%
5.1%

Communication Services

3.0%
9.0%

Utilities

2.9%
2.6%

Industrials

WSML.L
20.5%
VEVE.L
11.5%

Financial Services

WSML.L
13.5%
VEVE.L
15.6%

Technology

WSML.L
13.5%
VEVE.L
29.0%

Consumer Cyclical

WSML.L
10.9%
VEVE.L
9.3%

Healthcare

WSML.L
9.6%
VEVE.L
8.5%

Basic Materials

WSML.L
8.2%
VEVE.L
3.4%

Real Estate

WSML.L
8.2%
VEVE.L
2.0%

Energy

WSML.L
5.5%
VEVE.L
4.1%

Consumer Defensive

WSML.L
4.1%
VEVE.L
5.1%

Communication Services

WSML.L
3.0%
VEVE.L
9.0%

Utilities

WSML.L
2.9%
VEVE.L
2.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI World Small Cap UCITS ETF USD (Acc)

Vanguard FTSE Developed World UCITS ETF Distributing

Often compared with WSML.L:
WSML.L vs. CSPX.LWSML.L vs. EIMI.LWSML.L vs. AVSG.LWSML.L vs. VWRA.LWSML.L vs. IWDA.ASWSML.L vs. VBRWSML.L vs. R2SC.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

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WSML.L
WSML.L Risk / Return Rank: 7676
Overall Rank
WSML.L Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
WSML.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
WSML.L Omega Ratio Rank: 7272
Omega Ratio Rank
WSML.L Calmar Ratio Rank: 7777
Calmar Ratio Rank
WSML.L Martin Ratio Rank: 7676
Martin Ratio Rank
VEVE.L
VEVE.L Risk / Return Rank: 8787
Overall Rank
VEVE.L Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
VEVE.L Sortino Ratio Rank: 8989
Sortino Ratio Rank
VEVE.L Omega Ratio Rank: 8989
Omega Ratio Rank
VEVE.L Calmar Ratio Rank: 8484
Calmar Ratio Rank
VEVE.L Martin Ratio Rank: 8787
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Small Cap UCITS ETF USD (Acc) (WSML.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.

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.

WSML.LVEVE.LDifference
Sharpe ratioReturn per unit of total volatility
2.08
2.14

-0.05

Sortino ratioReturn per unit of downside risk
3.17
3.13

+0.04

Omega ratioGain probability vs. loss probability

1.37

1.38

-0.01

Calmar ratioReturn relative to maximum drawdown

3.46

2.88

+0.58

Martin ratioReturn relative to average drawdown

12.61

12.46

+0.15

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

The current WSML.L Sharpe Ratio is 2.08, which is comparable to the VEVE.L Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of WSML.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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Drawdowns

WSML.L vs. VEVE.L - Drawdown Comparison

The maximum WSML.L drawdown since its inception was -41.14%, which is greater than VEVE.L's maximum drawdown of -33.61%. Use the drawdown chart below to compare losses from any high point for WSML.L and VEVE.L.

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Drawdown Indicators

WSML.LVEVE.LDifference

Max Drawdown

Largest peak-to-trough decline

-41.14%

-33.61%

-7.53%

Max Drawdown (1Y)

Largest decline over 1 year

-9.05%

-8.84%

-0.21%

Max Drawdown (3Y)

Largest decline over 3 years

-20.10%

-17.24%

-2.86%

Max Drawdown (5Y)

Largest decline over 5 years

-30.50%

-26.74%

-3.76%

Max Drawdown (10Y)

Largest decline over 10 years

—

-33.61%

—

Current Drawdown

Current decline from peak

0.00%

-1.84%

+1.84%

Average Drawdown

Average peak-to-trough decline

-8.76%

-4.76%

-4.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.49%

2.05%

+0.44%

Volatility

WSML.L vs. VEVE.L - Volatility Comparison

iShares MSCI World Small Cap UCITS ETF USD (Acc) (WSML.L) has a higher volatility of 4.87% compared to Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) at 3.61%. This indicates that WSML.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

WSML.LVEVE.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.87%

3.61%

+1.26%

Volatility (6M)

Calculated over the trailing 6-month period

11.71%

9.26%

+2.45%

Volatility (1Y)

Calculated over the trailing 1-year period

15.07%

11.94%

+3.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.55%

15.22%

+3.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.58%

15.61%

+3.97%

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

WSML.L has a 0.35% expense ratio, which is higher than VEVE.L's 0.12% expense ratio.

Dividends

WSML.L vs. VEVE.L - Dividend Comparison

WSML.L has not paid dividends to shareholders, while VEVE.L's dividend yield for the trailing twelve months is around 1.24%.

PositionTTM20252024202320222021202020192018201720162015
VEVE.L
Vanguard FTSE Developed World UCITS ETF Distributing		1.24%1.38%1.48%1.71%1.98%1.46%1.62%1.95%2.24%1.93%1.88%2.03%
WSML.L
iShares MSCI World Small Cap UCITS ETF USD (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

WSML.L and VEVE.L have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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 0.35% for WSML.L.

WSML.L tracks MSCI World Small Cap Index, while VEVE.L tracks MSCI ACWI NR USD. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.35% for WSML.L and 0.12% for VEVE.L.

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