DSEUX vs. VEUSX

Last updated Jun 4, 2026

DSEUX (DoubleLine Shiller Enhanced International CAPE) and VEUSX (Vanguard European Stock Index Fund Admiral Shares) are both Europe Equities funds. Over the past 5 years, DSEUX returned 6.81%/yr vs 8.68%/yr for VEUSX. Their correlation of 0.81 suggests significant overlap in exposure. DSEUX charges 0.61%/yr vs 0.10%/yr for VEUSX.

Performance

DSEUX vs. VEUSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DoubleLine Shiller Enhanced International CAPE (DSEUX) and Vanguard European Stock Index Fund Admiral Shares (VEUSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DSEUX achieves a 14.47% return, which is significantly higher than VEUSX's 7.08% return.

DSEUX

• 1D: -0.20%
• 1M: 3.29%
• YTD: 14.47%
• 6M: 16.05%
• 1Y: 29.54%
• 3Y*: 15.50%
• 5Y*: 6.81%
• 10Y*: —

VEUSX

• 1D: 0.41%
• 1M: 3.96%
• YTD: 7.08%
• 6M: 10.13%
• 1Y: 19.62%
• 3Y*: 16.86%
• 5Y*: 8.68%
• 10Y*: 9.37%

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

DSEUX vs. VEUSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DSEUX DoubleLine Shiller Enhanced International CAPE	14.47%	29.25%	-3.73%	17.30%	-17.38%	18.40%	10.73%	23.17%	-12.64%	20.96%
VEUSX Vanguard European Stock Index Fund Admiral Shares	7.08%	35.41%	2.01%	19.99%	-16.06%	16.28%	6.43%	24.22%	-14.81%	27.04%

Correlation

The correlation between DSEUX and VEUSX is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Dec 28, 2016	0.81

The correlation between DSEUX and VEUSX has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.

Return for Risk

DSEUX vs. VEUSX — Risk / Return Rank

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

DSEUX

DSEUX Risk / Return Rank: 58
DSEUX Sharpe Ratio Rank: 50
DSEUX Sortino Ratio Rank: 48
DSEUX Omega Ratio Rank: 44
DSEUX Calmar Ratio Rank: 83
DSEUX Martin Ratio Rank: 63

VEUSX

VEUSX Risk / Return Rank: 19
VEUSX Sharpe Ratio Rank: 19
VEUSX Sortino Ratio Rank: 18
VEUSX Omega Ratio Rank: 18
VEUSX Calmar Ratio Rank: 18
VEUSX Martin Ratio Rank: 23

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.

DSEUX vs. VEUSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DoubleLine Shiller Enhanced International CAPE (DSEUX) and Vanguard European Stock Index Fund Admiral Shares (VEUSX). 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.

	DSEUX	VEUSX	Difference
Sharpe ratio: Return per unit of total volatility	2.10	1.24	+0.86
Sortino ratio: Return per unit of downside risk	2.91	1.80	+1.11
Omega ratio: Gain probability vs. loss probability	1.36	1.22	+0.14
Calmar ratio: Return relative to maximum drawdown	3.87	1.57	+2.31
Martin ratio: Return relative to average drawdown	12.40	5.79	+6.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DSEUX vs. VEUSX - Sharpe Ratio Comparison

The current DSEUX Sharpe Ratio is 2.10, which is higher than the VEUSX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of DSEUX and VEUSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DSEUX	VEUSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	1.24	+0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.50	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.32	+0.25

Drawdowns

DSEUX vs. VEUSX - Drawdown Comparison

The maximum DSEUX drawdown since its inception was -36.27%, smaller than the maximum VEUSX drawdown of -63.28%. Use the drawdown chart below to compare losses from any high point for DSEUX and VEUSX.

Drawdown Indicators

	DSEUX	VEUSX	Difference
Max Drawdown Largest peak-to-trough decline	-36.27%	-63.28%	+27.01%
Max Drawdown (1Y) Largest decline over 1 year	-7.31%	-11.97%	+4.66%
Max Drawdown (3Y) Largest decline over 3 years	-17.84%	-13.96%	-3.88%
Max Drawdown (5Y) Largest decline over 5 years	-31.58%	-32.72%	+1.14%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.87%	—
Current Drawdown Current decline from peak	-2.12%	-1.15%	-0.97%
Average Drawdown Average peak-to-trough decline	-6.91%	-12.95%	+6.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	3.23%	-0.95%

Volatility

DSEUX vs. VEUSX - Volatility Comparison

The current volatility for DoubleLine Shiller Enhanced International CAPE (DSEUX) is 4.58%, while Vanguard European Stock Index Fund Admiral Shares (VEUSX) has a volatility of 5.49%. This indicates that DSEUX experiences smaller price fluctuations and is considered to be less risky than VEUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSEUX	VEUSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	5.49%	-0.91%
Volatility (6M) Calculated over the trailing 6-month period	10.09%	12.53%	-2.44%
Volatility (1Y) Calculated over the trailing 1-year period	13.50%	15.21%	-1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.77%	17.38%	-0.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.01%	18.24%	-1.23%

DSEUX vs. VEUSX - Expense Ratio Comparison

DSEUX has a 0.61% expense ratio, which is higher than VEUSX's 0.10% expense ratio.

Dividends

DSEUX vs. VEUSX - Dividend Comparison

DSEUX's dividend yield for the trailing twelve months is around 4.01%, more than VEUSX's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DSEUX DoubleLine Shiller Enhanced International CAPE	4.01%	4.72%	6.88%	5.40%	4.30%	2.14%	1.87%	3.04%	9.19%	5.71%	0.00%	0.00%
VEUSX Vanguard European Stock Index Fund Admiral Shares	2.76%	2.84%	3.58%	3.13%	3.22%	3.02%	2.08%	3.26%	3.92%	2.70%	3.52%	3.24%

Frequently Asked Questions

Can I hold both DSEUX and VEUSX in my portfolio?

DSEUX and VEUSX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSEUX or VEUSX?

VEUSX has higher volatility (5.49%) compared to DSEUX (4.58%). In terms of maximum drawdown, DSEUX dropped -36.27% vs VEUSX's -63.28%.

Which has better risk-adjusted returns?

DSEUX currently has the higher Sharpe Ratio (2.10 vs 1.24), 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.