VHVG vs CNX1: which ETF won each year?

Yearly returns side by side, one winner per year — dividends included, priced as you'd actually buy them.

Every figure here is in pounds — what you'd actually pocket buying on the London Stock Exchange. Fund fact sheets usually headline returns in US dollars, which can look very different in years when the pound moves against the dollar. Here's the full story, year by year.

VHVG tracks the FTSE Developed World IndexCNX1 tracks the Nasdaq-100 Index

What did the last 6 years do to £10,000?

You invest £10,000 at the start of the window and touch nothing — dividends reinvested, the running year not counted. Both funds are measured over the same 6 full years (2020–2025) — the longest stretch both were trading.

VHVG turned it into
£20,355
+12.58% per year on average · 20202025
CNX1 turned it into
£29,324
+19.64% per year on average · 20202025
Difference
−£8,969
CNX1 made more of the same money

VHVG vs CNX1, year by year

Calendar-year total returns (dividends included) side by side, and who took the crown each year. A dash means the fund did not exist yet.

Years compared
8
where both funds were trading
VHVG won
2
years
CNX1 won
6
years
YearVHVGCNX1Winner
2026 (so far)+12.47%+20.13%CNX1
2025+13.85%+11.83%VHVG
2024+19.99%+28.51%CNX1
2023+17.54%+47.71%CNX1
2022-8.16%-25.53%VHVG
2021+22.64%+29.50%CNX1
2020+12.56%+43.24%CNX1
2019-17.91%+33.63%CNX1
2018+4.62%
2017+20.13%
2016+28.85%
2015+14.71%
2014+28.19%
2013+36.05%
2012+9.20%
2011+3.56%
2010-20.33%

VHVG vs CNX1 in plain words

VHVG tracks the FTSE Developed World Index while CNX1 follows the Nasdaq-100 Index, so they own different slices of the market and their years can look very different. VHVG charges 0.12% a year in running costs and CNX1 charges 0.30% — VHVG is the cheaper fund to hold.

Both are accumulating funds: dividends are reinvested inside the fund and show up as a higher share price, never as a payout. Across the 8 calendar years both funds were trading, VHVG finished the year ahead 2 times and CNX1 6 times. £10,000 invested at the start of 2020 was worth £20,355 in VHVG versus £29,324 in CNX1 by the end of 2025, dividends reinvested.

VHVE is the London (USD) listing and VGVF the Xetra (EUR) line of the same fund, ISIN IE00BK5BQV03 — VHVG is its GBP line on the London Stock Exchange.

CNDX is the London (USD) listing and SXRV the Xetra (EUR) line of the same fund, ISIN IE00B53SZB19 — CNX1 is its GBP line on the London Stock Exchange.

Fund facts: VHVG vs CNX1

FactVHVGCNX1
FundVanguard FTSE Developed World UCITS ETF (Acc)iShares Nasdaq 100 UCITS ETF (Acc)
TracksFTSE Developed World IndexNasdaq-100 Index
Yearly cost (TER)0.12%0.30%
DividendsAccumulating — dividends reinvestedAccumulating — dividends reinvested
Launched24 Sept 201926 Jan 2010
ISINIE00BK5BQV03IE00B53SZB19

Frequently asked

Is VHVG or CNX1 better?

Across the 8 calendar years both funds were trading, VHVG finished the year ahead 2 times and CNX1 6 times. £10,000 invested at the start of 2020 was worth £20,355 in VHVG versus £29,324 in CNX1 by the end of 2025, dividends reinvested. Past returns don't promise future ones — but this is what actually happened.

What is the difference between VHVG and CNX1?

VHVG tracks the FTSE Developed World Index while CNX1 follows the Nasdaq-100 Index, so they own different slices of the market and their years can look very different. VHVG charges 0.12% a year in running costs and CNX1 charges 0.30% — VHVG is the cheaper fund to hold. Both are accumulating funds: dividends are reinvested inside the fund and show up as a higher share price, never as a payout.

What would £10,000 in VHVG have become?

£10,000 invested in VHVG at the start of 2020 grew to £20,355 by the end of 2025, with dividends reinvested — an average of 12.6% per year.

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