EEA vs. VEURX

Last updated Jun 5, 2026

EEA (The European Equity Fund) and VEURX (Vanguard European Stock Index Fund) are both Europe Equities funds. Over the past 10 years, EEA returned 7.91%/yr vs 9.09%/yr for VEURX. A 0.60 correlation means they provide meaningful diversification when combined. EEA charges 0.01%/yr vs 0.25%/yr for VEURX.

Performance

EEA vs. VEURX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The European Equity Fund (EEA) 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, EEA achieves a 5.27% return, which is significantly lower than VEURX's 5.68% return. Over the past 10 years, EEA has underperformed VEURX with an annualized return of 7.91%, while VEURX has yielded a comparatively higher 9.09% annualized return.

EEA

• 1D: 0.57%
• 1M: 2.58%
• YTD: 5.27%
• 6M: 9.40%
• 1Y: 16.66%
• 3Y*: 12.78%
• 5Y*: 5.68%
• 10Y*: 7.91%

VEURX

• 1D: -1.25%
• 1M: 1.29%
• YTD: 5.68%
• 6M: 8.81%
• 1Y: 17.30%
• 3Y*: 16.22%
• 5Y*: 8.09%
• 10Y*: 9.09%

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

EEA vs. VEURX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EEA The European Equity Fund	5.27%	36.10%	-3.53%	17.24%	-18.97%	14.19%	13.54%	28.55%	-21.00%	29.01%
VEURX Vanguard European Stock Index Fund	5.68%	35.20%	1.88%	19.83%	-16.16%	16.14%	6.29%	24.02%	-14.88%	26.81%

Correlation

The correlation between EEA and VEURX is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jun 19, 1990	0.60

The correlation between EEA and VEURX shifts across timeframes, from 0.60 (all time) to 0.79 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EEA vs. VEURX — Risk / Return Rank

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

EEA

EEA Risk / Return Rank: 16
EEA Sharpe Ratio Rank: 17
EEA Sortino Ratio Rank: 16
EEA Omega Ratio Rank: 16
EEA Calmar Ratio Rank: 15
EEA Martin Ratio Rank: 16

VEURX

VEURX Risk / Return Rank: 18
VEURX Sharpe Ratio Rank: 17
VEURX Sortino Ratio Rank: 17
VEURX Omega Ratio Rank: 17
VEURX Calmar Ratio Rank: 18
VEURX Martin Ratio Rank: 22

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.

EEA vs. VEURX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The European Equity Fund (EEA) 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.

	EEA	VEURX	Difference
Sharpe ratio: Return per unit of total volatility	1.10	1.19	-0.08
Sortino ratio: Return per unit of downside risk	1.61	1.73	-0.12
Omega ratio: Gain probability vs. loss probability	1.20	1.22	-0.02
Calmar ratio: Return relative to maximum drawdown	1.24	1.51	-0.26
Martin ratio: Return relative to average drawdown	4.08	5.55	-1.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EEA vs. VEURX - Sharpe Ratio Comparison

The current EEA Sharpe Ratio is 1.10, which is comparable to the VEURX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of EEA 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.

Sharpe Ratios by Period

	EEA	VEURX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	1.19	-0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.47	-0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	0.50	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.38	-0.22

Drawdowns

EEA vs. VEURX - Drawdown Comparison

The maximum EEA drawdown since its inception was -72.28%, which is greater than VEURX's maximum drawdown of -63.33%. Use the drawdown chart below to compare losses from any high point for EEA and VEURX.

Drawdown Indicators

	EEA	VEURX	Difference
Max Drawdown Largest peak-to-trough decline	-72.28%	-63.33%	-8.95%
Max Drawdown (1Y) Largest decline over 1 year	-13.45%	-11.97%	-1.48%
Max Drawdown (3Y) Largest decline over 3 years	-16.30%	-13.97%	-2.33%
Max Drawdown (5Y) Largest decline over 5 years	-37.51%	-32.81%	-4.70%
Max Drawdown (10Y) Largest decline over 10 years	-41.54%	-37.03%	-4.51%
Current Drawdown Current decline from peak	-2.75%	-2.43%	-0.32%
Average Drawdown Average peak-to-trough decline	-29.80%	-12.67%	-17.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	3.24%	+0.85%

Volatility

EEA vs. VEURX - Volatility Comparison

The European Equity Fund (EEA) and Vanguard European Stock Index Fund (VEURX) have volatilities of 5.23% and 5.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EEA	VEURX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.23%	5.40%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	12.29%	12.57%	-0.28%
Volatility (1Y) Calculated over the trailing 1-year period	15.19%	15.23%	-0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.13%	17.38%	+0.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.57%	18.23%	+1.34%

EEA vs. VEURX - Expense Ratio Comparison

EEA has a 0.01% expense ratio, which is lower than VEURX's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EEA vs. VEURX - Dividend Comparison

EEA's dividend yield for the trailing twelve months is around 9.12%, more than VEURX's 2.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EEA The European Equity Fund	9.12%	7.55%	2.19%	1.99%	11.60%	14.42%	1.86%	5.49%	0.95%	0.87%	0.97%	2.10%
VEURX Vanguard European Stock Index Fund	2.65%	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 EEA and VEURX in my portfolio?

EEA and VEURX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EEA or VEURX?

VEURX has higher volatility (5.40%) compared to EEA (5.23%). In terms of maximum drawdown, EEA dropped -72.28% vs VEURX's -63.33%.

Which has better risk-adjusted returns?

VEURX currently has the higher Sharpe Ratio (1.19 vs 1.10), 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.