ERO.L vs. VEUA.L
Compare and contrast key facts about SPDR MSCI Europe UCITS ETF (ERO.L) and Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L).
ERO.L and VEUA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ERO.L is a passively managed fund by State Street Global Advisors Ltd that tracks the performance of the MSCI Europe NR EUR. It was launched on Dec 5, 2014. VEUA.L is a passively managed fund by Vanguard that tracks the performance of the MSCI Europe NR EUR. It was launched on Jul 23, 2019. Both ERO.L and VEUA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ERO.L or VEUA.L.
Correlation
The correlation between ERO.L and VEUA.L is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ERO.L vs. VEUA.L - Performance Comparison
Key characteristics
ERO.L:
1.21
VEUA.L:
1.28
ERO.L:
1.76
VEUA.L:
1.84
ERO.L:
1.21
VEUA.L:
1.22
ERO.L:
1.91
VEUA.L:
2.01
ERO.L:
4.30
VEUA.L:
4.55
ERO.L:
2.93%
VEUA.L:
2.88%
ERO.L:
10.41%
VEUA.L:
10.21%
ERO.L:
-28.41%
VEUA.L:
-28.45%
ERO.L:
-0.27%
VEUA.L:
-0.23%
Returns By Period
The year-to-date returns for both stocks are quite close, with ERO.L having a 9.72% return and VEUA.L slightly lower at 9.58%.
ERO.L
9.72%
6.15%
6.11%
13.63%
7.99%
7.92%
VEUA.L
9.58%
6.26%
6.57%
13.89%
8.18%
N/A
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ERO.L vs. VEUA.L - Expense Ratio Comparison
ERO.L has a 0.25% expense ratio, which is higher than VEUA.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ERO.L vs. VEUA.L — Risk-Adjusted Performance Rank
ERO.L
VEUA.L
ERO.L vs. VEUA.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe UCITS ETF (ERO.L) and Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L). 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.
Dividends
ERO.L vs. VEUA.L - Dividend Comparison
Neither ERO.L nor VEUA.L has paid dividends to shareholders.
Drawdowns
ERO.L vs. VEUA.L - Drawdown Comparison
The maximum ERO.L drawdown since its inception was -28.41%, roughly equal to the maximum VEUA.L drawdown of -28.45%. Use the drawdown chart below to compare losses from any high point for ERO.L and VEUA.L. For additional features, visit the drawdowns tool.
Volatility
ERO.L vs. VEUA.L - Volatility Comparison
SPDR MSCI Europe UCITS ETF (ERO.L) has a higher volatility of 3.44% compared to Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L) at 3.27%. This indicates that ERO.L's price experiences larger fluctuations and is considered to be riskier than VEUA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.