- ISIN
- US4812A06495
- CUSIP
- 4812A0649
- Issuer
- JPMorgan
- Inception Date
- Nov 1, 1995
- Category
- Europe Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
VEUAX Performance Chart
JPMorgan Europe Dynamic Fund (VEUAX) is up 6.8% since the beginning of the year. VEUAX is currently trading at $43 per share. Investors who bought $1,000 worth of VEUAX shares 5 years ago would now be looking at an investment worth $1,616.
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Returns By Period
JPMorgan Europe Dynamic Fund (VEUAX) has returned 6.78% so far this year and 20.30% over the past 12 months. Over the last ten years, VEUAX has returned 9.37% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
JPMorgan Europe Dynamic Fund
- 1D
- 0.28%
- 1M
- 1.74%
- YTD
- 6.78%
- 6M
- 7.05%
- 1Y
- 20.30%
- 3Y*
- 18.02%
- 5Y*
- 10.07%
- 10Y*
- 9.37%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VEUAX Monthly Returns History
Based on dividend-adjusted daily data since Nov 2, 1995, VEUAX's average daily return is +0.04%, while the average monthly return is +0.85%. At this rate, an investment would double in approximately 6.8 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +16.4%, while the worst month was Oct 2008 at -21.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, VEUAX closed higher 53% of trading days. The best single day was Oct 28, 2008 with a return of +13.4%, while the worst single day was Mar 16, 2020 at -13.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.70% | 3.31% | -8.42% | 5.42% | 0.95% | 1.29% | 6.78% | ||||||
| 2025 | 5.58% | 5.90% | 1.79% | 5.29% | 5.76% | 3.10% | -3.44% | 2.65% | 2.59% | 0.81% | 1.94% | 3.65% | 41.51% |
| 2024 | -0.98% | 3.64% | 6.57% | -3.24% | 6.50% | -4.37% | 2.63% | 3.17% | 0.15% | -3.92% | -2.27% | -3.58% | 3.48% |
| 2023 | 9.05% | -1.28% | 1.90% | 3.10% | -5.88% | 5.63% | 0.93% | -2.93% | -4.07% | -2.34% | 9.48% | 4.59% | 18.19% |
| 2022 | -4.35% | -5.94% | -0.72% | -5.75% | 1.74% | -9.94% | 5.39% | -5.51% | -7.61% | 8.47% | 11.56% | -1.47% | -15.39% |
| 2021 | -1.05% | 3.82% | 3.83% | 4.70% | 5.13% | -3.00% | 2.04% | 1.03% | -5.48% | 4.22% | -3.98% | 5.98% | 17.68% |
Benchmark Metrics
JPMorgan Europe Dynamic Fund has an annualized alpha of 2.92%, beta of 0.75, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since November 02, 1995.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (95.30%) than losses (94.75%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 2.92% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.92%
- Beta
- 0.75
- R²
- 0.50
- Upside Capture
- 95.30%
- Downside Capture
- 94.75%
Expense Ratio
VEUAX has a high expense ratio of 1.25%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
VEUAX ranks 23 for risk / return — below 23% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for JPMorgan Europe Dynamic Fund (VEUAX) and compare them to S&P 500 Index.
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.
| VEUAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | 2.78 | -1.14 |
| Martin ratioReturn relative to average drawdown | 5.70 | 12.44 | -6.74 |
Dividends
Dividend History
JPMorgan Europe Dynamic Fund provided a 3.23% dividend yield over the last twelve months, with an annual payout of $1.39 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.39 | $1.39 | $1.13 | $0.89 | $0.20 | $0.62 | $0.27 | $0.70 | $0.55 | $0.37 | $0.42 | $0.29 |
Dividend yield | 3.23% | 3.45% | 3.81% | 3.02% | 0.77% | 2.03% | 1.01% | 2.82% | 2.60% | 1.38% | 1.93% | 1.25% |
Monthly Dividends
The table displays the monthly dividend distributions for JPMorgan Europe Dynamic Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.39 | $1.39 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.13 | $1.13 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.89 | $0.89 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $0.62 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the JPMorgan Europe Dynamic Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the JPMorgan Europe Dynamic Fund was 63.73%, occurring on Mar 9, 2009. Recovery took 1213 trading sessions.
The current JPMorgan Europe Dynamic Fund drawdown is 1.89%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -63.73%Mar 2009 | 1y 4mo | 4y 9mo | 6y 2moNov 2007 - Dec 2013 |
Dot-com crash2000–2002 | -46.81%Sep 2001 | 1y 6mo | 3y 3mo | 4y 9moMar 2000 - Dec 2004 |
COVID crash2020 | -44.64%Mar 2020 | 2y 1mo | 9mo 23d | 2y 11moJan 2018 - Jan 2021 |
Bear market2022 | -30.94%Sep 2022 | 1y 1mo | 1y 4mo | 2y 6moAug 2021 - Feb 2024 |
1998 bear market1998 | -28.78%Oct 1998 | 2mo 16d | 1y 1mo | 1y 3moJul 1998 - Nov 1999 |
Drawdown Indicators
| VEUAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.73% | -56.78% | -6.95% |
Max Drawdown (1Y)Largest decline over 1 year | -12.07% | -9.10% | -2.97% |
Max Drawdown (3Y)Largest decline over 3 years | -12.89% | -18.90% | +6.01% |
Max Drawdown (5Y)Largest decline over 5 years | -30.94% | -25.43% | -5.51% |
Max Drawdown (10Y)Largest decline over 10 years | -44.64% | -33.92% | -10.72% |
Current DrawdownCurrent decline from peak | -1.89% | -1.80% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -15.43% | -10.71% | -4.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 2.03% | +1.45% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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