XXTW.L vs. VEVE.L
XXTW.L (Xtrackers MSCI World Information Technology UCITS ETF) and VEVE.L (Vanguard FTSE Developed World UCITS ETF Distributing) are both exchange-traded funds - XXTW.L is a Technology Equities fund tracking the MSCI World Information Technology 20/35 Custom index, while VEVE.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, XXTW.L returned 20.12%/yr vs 14.06%/yr for VEVE.L. A 0.55 correlation means they provide meaningful diversification when combined. XXTW.L charges 0.25%/yr vs 0.12%/yr for VEVE.L.
Performance
XXTW.L vs. VEVE.L - Performance Comparison
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Returns By Period
In the year-to-date period, XXTW.L achieves a 16.34% return, which is significantly higher than VEVE.L's 10.77% return. Over the past 10 years, XXTW.L has outperformed VEVE.L with an annualized return of 20.12%, while VEVE.L has yielded a comparatively lower 14.06% annualized return.
XXTW.L
- 1D
- 0.00%
- 1M
- -1.39%
- YTD
- 16.34%
- 6M
- 16.79%
- 1Y
- 42.34%
- 3Y*
- 17.00%
- 5Y*
- 12.50%
- 10Y*
- 20.12%
VEVE.L
- 1D
- 1.79%
- 1M
- 0.63%
- YTD
- 10.77%
- 6M
- 11.37%
- 1Y
- 28.30%
- 3Y*
- 17.81%
- 5Y*
- 12.89%
- 10Y*
- 14.06%
XXTW.L vs. VEVE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XXTW.L Xtrackers MSCI World Information Technology UCITS ETF | 16.34% | 13.82% | 36.21% | 21.01% | -30.86% | 29.69% | 43.59% | 48.72% | -4.08% | 38.72% |
VEVE.L Vanguard FTSE Developed World UCITS ETF Distributing | 10.77% | 13.81% | 20.22% | 17.46% | -8.34% | 22.68% | 12.44% | 22.89% | -4.39% | 12.62% |
Correlation
The correlation between XXTW.L and VEVE.L is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2014 | 0.55 |
Over the past year, XXTW.L and VEVE.L have become more correlated (0.79) than their long-term average of 0.55, meaning their price movements have been converging.
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Return for Risk
XXTW.L vs. VEVE.L — Risk / Return Rank
XXTW.L
VEVE.L
XXTW.L vs. VEVE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Information Technology UCITS ETF (XXTW.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.
| XXTW.L | VEVE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.49 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 3.96 | -2.77 |
| Martin ratioReturn relative to average drawdown | 2.03 | 15.94 | -13.91 |
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Drawdowns
XXTW.L vs. VEVE.L - Drawdown Comparison
The maximum XXTW.L drawdown since its inception was -36.07%, which is greater than VEVE.L's maximum drawdown of -25.53%. Use the drawdown chart below to compare losses from any high point for XXTW.L and VEVE.L.
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Drawdown Indicators
| XXTW.L | VEVE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.07% | -25.53% | -10.54% |
Max Drawdown (1Y)Largest decline over 1 year | -34.41% | -6.94% | -27.47% |
Max Drawdown (3Y)Largest decline over 3 years | -34.41% | -18.34% | -16.07% |
Max Drawdown (5Y)Largest decline over 5 years | -36.07% | -18.34% | -17.73% |
Max Drawdown (10Y)Largest decline over 10 years | -36.07% | -25.53% | -10.54% |
Current DrawdownCurrent decline from peak | -14.68% | -1.32% | -13.36% |
Average DrawdownAverage peak-to-trough decline | -7.17% | -3.41% | -3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.34% | 1.73% | +18.61% |
Volatility
XXTW.L vs. VEVE.L - Volatility Comparison
Xtrackers MSCI World Information Technology UCITS ETF (XXTW.L) has a higher volatility of 8.23% compared to Vanguard FTSE Developed World UCITS ETF Distributing (VEVE.L) at 3.53%. This indicates that XXTW.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
| XXTW.L | VEVE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | 3.53% | +4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 15.26% | 7.96% | +7.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.00% | 10.64% | +36.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.51% | 13.14% | +18.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.33% | 14.35% | +12.98% |
XXTW.L vs. VEVE.L - Expense Ratio Comparison
XXTW.L has a 0.25% 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
XXTW.L vs. VEVE.L - Dividend Comparison
XXTW.L has not paid dividends to shareholders, while VEVE.L's dividend yield for the trailing twelve months is around 1.24%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
XXTW.L Xtrackers MSCI World Information Technology UCITS ETF | 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
XXTW.L and VEVE.L have a correlation of 0.79, 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 0.25% for XXTW.L.
XXTW.L is categorized as Technology Equities, while VEVE.L is Global Equities. XXTW.L tracks MSCI World Information Technology 20/35 Custom index, while VEVE.L tracks MSCI ACWI NR USD. They also come from different issuers: Xtrackers and Vanguard. Their fees differ too: 0.25% for XXTW.L and 0.12% for VEVE.L.
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