We consider the observational aspects of the value of dark energy density from quantum vacuum fluctuations based initially on the Gurzadyan-Xue model. We reduce the Djorgovski-Gurzadyan integral equation to a differential equation for the co-moving horizon and then, by means of the obtained explicit form for the luminosity distance, we construct the Hubble diagram for two classes of observational samples. For supernova and gamma-ray burst data we show that this approach provides viable predictions for distances up to $z simeq 9$, quantitatively at least as good as those provided by the lambda cold dark matter ($Lambda$CDM) model. The Hubble parameter dependence $H(z)$ of the two models also reveals mutual crossing at $z=0.4018$, the interpretation of which is less evident.