EUDV vs. VGK

Last updated Jun 24, 2026

EUDV (ProShares MSCI Europe Dividend Growers ETF) and VGK (Vanguard FTSE Europe ETF) are both Europe Equities funds - EUDV tracks the MSCI Europe Dividend Masters Index while VGK tracks the FTSE Developed Europe All Cap Index. Both are passively managed. Over the past 10 years, EUDV returned 5.53%/yr vs 10.38%/yr for VGK. Their correlation of 0.82 suggests significant overlap in exposure. EUDV charges 0.55%/yr vs 0.06%/yr for VGK.

Performance

EUDV vs. VGK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares MSCI Europe Dividend Growers ETF (EUDV) 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, EUDV achieves a 0.21% return, which is significantly lower than VGK's 6.16% return. Over the past 10 years, EUDV has underperformed VGK with an annualized return of 5.53%, while VGK has yielded a comparatively higher 10.38% annualized return.

EUDV

• 1D: -0.40%
• 1M: -2.70%
• YTD: 0.21%
• 6M: 0.08%
• 1Y: -1.24%
• 3Y*: 7.37%
• 5Y*: 1.81%
• 10Y*: 5.53%

VGK

• 1D: -1.24%
• 1M: -0.13%
• YTD: 6.16%
• 6M: 6.16%
• 1Y: 19.10%
• 3Y*: 16.76%
• 5Y*: 8.57%
• 10Y*: 10.38%

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

EUDV vs. VGK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUDV ProShares MSCI Europe Dividend Growers ETF	0.21%	14.05%	0.03%	20.41%	-24.87%	19.56%	5.81%	25.89%	-11.12%	21.57%
VGK Vanguard FTSE Europe ETF	6.16%	35.83%	1.88%	20.19%	-15.98%	16.89%	5.43%	24.85%	-14.89%	26.98%

Correlation

The correlation between EUDV and VGK is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Sep 11, 2015	0.82

The correlation between EUDV and VGK has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

EUDV vs. VGK - Sectors Allocation Comparison

Sectors	EUDV	VGK
Industrials	20.5%	19.3%
Healthcare	16.5%	11.9%
Financial Services	13.6%	23.6%
Technology	12.1%	8.2%
Basic Materials	11.2%	5.3%
Consumer Defensive	11.0%	8.4%
Utilities	8.9%	4.7%
Communication Services	4.1%	3.3%
Energy	2.2%	5.3%
Real Estate	2.0%	1.5%
Consumer Cyclical	-	6.8%

Return for Risk

EUDV vs. VGK — Risk / Return Rank

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

EUDV

EUDV Risk / Return Rank: 8
EUDV Sharpe Ratio Rank: 8
EUDV Sortino Ratio Rank: 7
EUDV Omega Ratio Rank: 7
EUDV Calmar Ratio Rank: 8
EUDV Martin Ratio Rank: 7

VGK

VGK Risk / Return Rank: 35
VGK Sharpe Ratio Rank: 35
VGK Sortino Ratio Rank: 35
VGK Omega Ratio Rank: 34
VGK Calmar Ratio Rank: 33
VGK Martin Ratio Rank: 39

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.

EUDV vs. VGK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Europe Dividend Growers ETF (EUDV) 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.

	EUDV	VGK	Difference
Sharpe ratio: Return per unit of total volatility	-0.09	1.21	-1.30
Sortino ratio: Return per unit of downside risk	-0.03	1.79	-1.81
Omega ratio: Gain probability vs. loss probability	1.00	1.22	-0.22
Calmar ratio: Return relative to maximum drawdown	-0.12	1.59	-1.70
Martin ratio: Return relative to average drawdown	-0.31	5.89	-6.20

EUDV vs. VGK - Sharpe Ratio Comparison

The current EUDV Sharpe Ratio is -0.09, which is lower than the VGK Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of EUDV 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

EUDV vs. VGK - Drawdown Comparison

The maximum EUDV drawdown since its inception was -37.51%, smaller than the maximum VGK drawdown of -63.61%. Use the drawdown chart below to compare losses from any high point for EUDV and VGK.

Drawdown Indicators

	EUDV	VGK	Difference
Max Drawdown Largest peak-to-trough decline	-37.51%	-63.61%	+26.10%
Max Drawdown (1Y) Largest decline over 1 year	-10.63%	-12.09%	+1.46%
Max Drawdown (3Y) Largest decline over 3 years	-13.69%	-14.31%	+0.62%
Max Drawdown (5Y) Largest decline over 5 years	-37.51%	-32.74%	-4.77%
Max Drawdown (10Y) Largest decline over 10 years	-37.51%	-37.24%	-0.27%
Current Drawdown Current decline from peak	-5.62%	-1.91%	-3.71%
Average Drawdown Average peak-to-trough decline	-8.58%	-13.31%	+4.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.97%	3.25%	+0.72%

Volatility

EUDV vs. VGK - Volatility Comparison

The current volatility for ProShares MSCI Europe Dividend Growers ETF (EUDV) is 3.91%, while Vanguard FTSE Europe ETF (VGK) has a volatility of 4.96%. This indicates that EUDV experiences smaller price fluctuations and is considered to be less risky than VGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUDV	VGK	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	4.96%	-1.05%
Volatility (6M) Calculated over the trailing 6-month period	11.49%	13.38%	-1.89%
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	15.81%	-1.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	17.96%	-1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.17%	18.56%	-1.39%

EUDV vs. VGK - Expense Ratio Comparison

EUDV has a 0.55% expense ratio, which is higher than VGK's 0.06% expense ratio.

Dividends

EUDV vs. VGK - Dividend Comparison

EUDV's dividend yield for the trailing twelve months is around 1.73%, less than VGK's 2.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUDV ProShares MSCI Europe Dividend Growers ETF	1.73%	1.74%	1.92%	1.87%	1.77%	2.30%	1.27%	2.20%	2.22%	2.33%	2.53%	0.37%
VGK Vanguard FTSE Europe ETF	2.95%	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 EUDV and VGK in my portfolio?

EUDV and VGK have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EUDV or VGK?

VGK has higher volatility (4.96%) compared to EUDV (3.91%). In terms of maximum drawdown, EUDV dropped -37.51% vs VGK's -63.61%.

Which ETF is better, EUDV or VGK?

On 10-year performance, VGK leads with 10.38% vs 5.53% for EUDV. On fees, VGK is cheaper at 0.06% per year. On volatility, EUDV has been the lower-risk option at 3.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EUDV or VGK?

Over the 10-year period, VGK has performed better with a 10.38% return vs 5.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EUDV or VGK?

VGK is cheaper with a 0.06% expense ratio, compared with 0.55% for EUDV.

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

VGK has the higher dividend yield at 2.95%, compared with 1.73% for EUDV.

What is the main difference between EUDV and VGK?

EUDV tracks MSCI Europe Dividend Masters Index, while VGK tracks FTSE Developed Europe All Cap Index. They also come from different issuers: ProShares and Vanguard. Their fees differ too: 0.55% for EUDV and 0.06% for VGK.

Which has better risk-adjusted returns?

VGK currently has the higher Sharpe Ratio (1.21 vs -0.09), 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.