EDEN vs. VGK

Last updated Jul 15, 2026

EDEN (iShares MSCI Denmark ETF) and VGK (Vanguard FTSE Europe ETF) are both Europe Equities funds - EDEN tracks the MSCI Denmark IMI 25/50 Index while VGK tracks the FTSE Developed Europe All Cap Index. Both are passively managed. Over the past 10 years, EDEN returned 9.44%/yr vs 9.87%/yr for VGK. A 0.74 correlation means they provide meaningful diversification when combined. EDEN charges 0.53%/yr vs 0.06%/yr for VGK.

Performance

EDEN vs. VGK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Denmark ETF (EDEN) and Vanguard FTSE Europe ETF (VGK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDEN achieves a 2.00% return, which is significantly lower than VGK's 7.55% return. Both investments have delivered pretty close results over the past 10 years, with EDEN having a 9.44% annualized return and VGK not far ahead at 9.87%.

EDEN

• 1D: 0.93%
• 1M: 5.21%
• 6M: -3.43%
• YTD: 2.00%
• 1Y: 3.98%
• 3Y*: 3.93%
• 5Y*: 2.76%
• 10Y*: 9.44%

VGK

• 1D: 0.50%
• 1M: -0.13%
• 6M: 4.82%
• YTD: 7.55%
• 1Y: 17.05%
• 3Y*: 15.40%
• 5Y*: 9.14%
• 10Y*: 9.87%

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

EDEN vs. VGK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDEN iShares MSCI Denmark ETF	2.00%	10.58%	-3.94%	17.99%	-11.47%	14.81%	42.56%	24.37%	-14.43%	35.39%
VGK Vanguard FTSE Europe ETF	7.55%	35.83%	1.88%	20.19%	-15.98%	16.89%	5.43%	24.85%	-14.89%	26.98%

Correlation

The correlation between EDEN and VGK is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jan 26, 2012	0.74

The correlation between EDEN and VGK has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.

EDEN vs. VGK - Sectors Allocation Comparison

Sectors	EDEN	VGK
Healthcare	37.9%	12.4%
Industrials	28.5%	20.3%
Financial Services	15.0%	23.5%
Basic Materials	4.7%	5.6%
Consumer Defensive	4.6%	7.7%
Utilities	3.1%	4.4%
Consumer Cyclical	2.7%	7.1%
Technology	0.9%	9.4%
Energy	0.8%	5.0%
Communication Services	-	3.1%
Real Estate	-	1.6%

Return for Risk

EDEN vs. VGK — Risk / Return Rank

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

EDEN

EDEN Risk / Return Rank: 12
EDEN Sharpe Ratio Rank: 13
EDEN Sortino Ratio Rank: 12
EDEN Omega Ratio Rank: 12
EDEN Calmar Ratio Rank: 12
EDEN Martin Ratio Rank: 12

VGK

VGK Risk / Return Rank: 37
VGK Sharpe Ratio Rank: 37
VGK Sortino Ratio Rank: 38
VGK Omega Ratio Rank: 35
VGK Calmar Ratio Rank: 34
VGK Martin Ratio Rank: 41

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.

EDEN vs. VGK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Denmark ETF (EDEN) and Vanguard FTSE Europe ETF (VGK). 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.

	EDEN	VGK	Difference
Sharpe ratio: Return per unit of total volatility	0.19	1.08	-0.88
Sortino ratio: Return per unit of downside risk	0.41	1.61	-1.20
Omega ratio: Gain probability vs. loss probability	1.05	1.19	-0.14
Calmar ratio: Return relative to maximum drawdown	0.19	1.42	-1.23
Martin ratio: Return relative to average drawdown	0.40	5.25	-4.85

EDEN vs. VGK - Sharpe Ratio Comparison

The current EDEN Sharpe Ratio is 0.19, which is lower than the VGK Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of EDEN and VGK, 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

EDEN vs. VGK - Drawdown Comparison

The maximum EDEN drawdown since its inception was -36.61%, smaller than the maximum VGK drawdown of -63.61%. Use the drawdown chart below to compare losses from any high point for EDEN and VGK.

Drawdown Indicators

	EDEN	VGK	Difference
Max Drawdown Largest peak-to-trough decline	-36.61%	-63.61%	+27.00%
Max Drawdown (1Y) Largest decline over 1 year	-21.17%	-12.09%	-9.08%
Max Drawdown (3Y) Largest decline over 3 years	-29.31%	-14.31%	-15.00%
Max Drawdown (5Y) Largest decline over 5 years	-36.61%	-32.74%	-3.87%
Max Drawdown (10Y) Largest decline over 10 years	-36.61%	-37.24%	+0.63%
Current Drawdown Current decline from peak	-9.05%	-1.86%	-7.19%
Average Drawdown Average peak-to-trough decline	-7.40%	-13.28%	+5.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.03%	3.26%	+6.77%

Volatility

EDEN vs. VGK - Volatility Comparison

iShares MSCI Denmark ETF (EDEN) has a higher volatility of 4.34% compared to Vanguard FTSE Europe ETF (VGK) at 3.71%. This indicates that EDEN's price experiences larger fluctuations and is considered to be riskier than VGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDEN	VGK	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	3.71%	+0.63%
Volatility (6M) Calculated over the trailing 6-month period	15.72%	13.65%	+2.07%
Volatility (1Y) Calculated over the trailing 1-year period	20.71%	15.90%	+4.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.31%	17.97%	+2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.16%	18.47%	+0.69%

EDEN vs. VGK - Expense Ratio Comparison

EDEN has a 0.53% expense ratio, which is higher than VGK's 0.06% expense ratio.

Dividends

EDEN vs. VGK - Dividend Comparison

EDEN's dividend yield for the trailing twelve months is around 3.00%, more than VGK's 2.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDEN iShares MSCI Denmark ETF	3.00%	2.79%	1.50%	1.92%	1.47%	0.74%	0.42%	2.36%	2.01%	2.03%	1.28%	1.46%
VGK Vanguard FTSE Europe ETF	2.91%	2.86%	3.61%	3.15%	3.25%	3.05%	2.11%	3.27%	3.95%	2.70%	3.52%	3.25%

Frequently Asked Questions

Can I hold both EDEN and VGK in my portfolio?

EDEN and VGK have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDEN or VGK?

EDEN has higher volatility (4.34%) compared to VGK (3.71%). In terms of maximum drawdown, EDEN dropped -36.61% vs VGK's -63.61%.

Which ETF is better, EDEN or VGK?

On 10-year performance, VGK leads with 9.87% vs 9.44% for EDEN. On fees, VGK is cheaper at 0.06% per year. On volatility, VGK has been the lower-risk option at 3.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EDEN or VGK?

Over the 10-year period, VGK has performed better with a 9.87% return vs 9.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EDEN or VGK?

VGK is cheaper with a 0.06% expense ratio, compared with 0.53% for EDEN.

Which ETF pays a higher dividend yield, EDEN or VGK?

EDEN has the higher dividend yield at 3.00%, compared with 2.91% for VGK.

What is the main difference between EDEN and VGK?

EDEN tracks MSCI Denmark IMI 25/50 Index, while VGK tracks FTSE Developed Europe All Cap Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.53% for EDEN and 0.06% for VGK.

Which has better risk-adjusted returns?

VGK currently has the higher Sharpe Ratio (1.08 vs 0.19), 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.