AEDAX vs. VEURX

Last updated Jun 25, 2026

AEDAX (Invesco EQV European Equity Fund) and VEURX (Vanguard European Stock Index Fund) are both Europe Equities funds. Over the past 10 years, AEDAX returned 7.30%/yr vs 10.11%/yr for VEURX. Their correlation of 0.90 suggests significant overlap in exposure. AEDAX charges 1.37%/yr vs 0.25%/yr for VEURX.

Performance

AEDAX vs. VEURX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco EQV European Equity Fund (AEDAX) and Vanguard European Stock Index Fund (VEURX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AEDAX achieves a 15.13% return, which is significantly higher than VEURX's 6.03% return. Over the past 10 years, AEDAX has underperformed VEURX with an annualized return of 7.30%, while VEURX has yielded a comparatively higher 10.11% annualized return.

AEDAX

• 1D: -2.13%
• 1M: 0.76%
• YTD: 15.13%
• 6M: 15.23%
• 1Y: 25.08%
• 3Y*: 15.74%
• 5Y*: 6.00%
• 10Y*: 7.30%

VEURX

• 1D: -1.35%
• 1M: -0.34%
• YTD: 6.03%
• 6M: 5.84%
• 1Y: 17.34%
• 3Y*: 16.47%
• 5Y*: 8.38%
• 10Y*: 10.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AEDAX vs. VEURX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AEDAX Invesco EQV European Equity Fund	15.13%	23.92%	-0.79%	19.64%	-21.77%	14.22%	-0.06%	24.54%	-18.86%	26.90%
VEURX Vanguard European Stock Index Fund	6.03%	35.20%	1.88%	19.83%	-16.16%	16.14%	6.29%	24.02%	-14.88%	26.81%

Correlation

The correlation between AEDAX and VEURX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Oct 31, 1997	0.90

The correlation between AEDAX and VEURX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

Return for Risk

AEDAX vs. VEURX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AEDAX

AEDAX Risk / Return Rank: 44
AEDAX Sharpe Ratio Rank: 42
AEDAX Sortino Ratio Rank: 40
AEDAX Omega Ratio Rank: 42
AEDAX Calmar Ratio Rank: 49
AEDAX Martin Ratio Rank: 45

VEURX

VEURX Risk / Return Rank: 23
VEURX Sharpe Ratio Rank: 22
VEURX Sortino Ratio Rank: 22
VEURX Omega Ratio Rank: 22
VEURX Calmar Ratio Rank: 22
VEURX Martin Ratio Rank: 27

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.

AEDAX vs. VEURX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco EQV European Equity Fund (AEDAX) and Vanguard European Stock Index Fund (VEURX). 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.

	AEDAX	VEURX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	1.21	+0.49
Sortino ratio: Return per unit of downside risk	2.38	1.78	+0.60
Omega ratio: Gain probability vs. loss probability	1.31	1.22	+0.09
Calmar ratio: Return relative to maximum drawdown	2.50	1.58	+0.92
Martin ratio: Return relative to average drawdown	8.68	5.79	+2.88

AEDAX vs. VEURX - Sharpe Ratio Comparison

The current AEDAX Sharpe Ratio is 1.70, which is higher than the VEURX Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of AEDAX and VEURX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AEDAX vs. VEURX - Drawdown Comparison

The maximum AEDAX drawdown since its inception was -60.46%, roughly equal to the maximum VEURX drawdown of -63.33%. Use the drawdown chart below to compare losses from any high point for AEDAX and VEURX.

Drawdown Indicators

	AEDAX	VEURX	Difference
Max Drawdown Largest peak-to-trough decline	-60.46%	-63.33%	+2.87%
Max Drawdown (1Y) Largest decline over 1 year	-10.59%	-11.97%	+1.38%
Max Drawdown (3Y) Largest decline over 3 years	-15.80%	-13.97%	-1.83%
Max Drawdown (5Y) Largest decline over 5 years	-38.81%	-32.81%	-6.00%
Max Drawdown (10Y) Largest decline over 10 years	-40.03%	-37.03%	-3.00%
Current Drawdown Current decline from peak	-2.45%	-2.10%	-0.35%
Average Drawdown Average peak-to-trough decline	-16.87%	-12.65%	-4.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	3.25%	-0.21%

Volatility

AEDAX vs. VEURX - Volatility Comparison

Invesco EQV European Equity Fund (AEDAX) has a higher volatility of 5.91% compared to Vanguard European Stock Index Fund (VEURX) at 4.84%. This indicates that AEDAX's price experiences larger fluctuations and is considered to be riskier than VEURX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AEDAX	VEURX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.91%	4.84%	+1.07%
Volatility (6M) Calculated over the trailing 6-month period	12.99%	13.12%	-0.13%
Volatility (1Y) Calculated over the trailing 1-year period	15.54%	15.61%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.82%	17.45%	+0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.20%	17.87%	-0.67%

AEDAX vs. VEURX - Expense Ratio Comparison

AEDAX has a 1.37% expense ratio, which is higher than VEURX's 0.25% expense ratio.

Dividends

AEDAX vs. VEURX - Dividend Comparison

AEDAX's dividend yield for the trailing twelve months is around 14.69%, more than VEURX's 2.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AEDAX Invesco EQV European Equity Fund	14.69%	16.92%	10.53%	2.58%	7.48%	9.40%	1.30%	2.53%	1.43%	1.86%	1.59%	4.78%
VEURX Vanguard European Stock Index Fund	2.78%	2.70%	3.44%	3.00%	3.07%	2.90%	1.97%	3.14%	3.77%	2.55%	3.35%	3.09%

Frequently Asked Questions

Can I hold both AEDAX and VEURX in my portfolio?

With a correlation of 0.91, AEDAX and VEURX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AEDAX or VEURX?

AEDAX has higher volatility (5.91%) compared to VEURX (4.84%). In terms of maximum drawdown, AEDAX dropped -60.46% vs VEURX's -63.33%.

Which has better risk-adjusted returns?

AEDAX currently has the higher Sharpe Ratio (1.70 vs 1.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.