EUGDX vs. VEUSX

Last updated Jun 4, 2026

EUGDX (Morgan Stanley Europe Opportunity Fund Inc.) and VEUSX (Vanguard European Stock Index Fund Admiral Shares) are both Europe Equities funds. Their correlation of 0.90 suggests significant overlap in exposure. EUGDX charges 1.05%/yr vs 0.10%/yr for VEUSX.

Performance

EUGDX vs. VEUSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Europe Opportunity Fund Inc. (EUGDX) and Vanguard European Stock Index Fund Admiral Shares (VEUSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EUGDX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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)

EUGDX vs. VEUSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUGDX Morgan Stanley Europe Opportunity Fund Inc.	-4.82%	11.93%	12.41%	25.16%	-44.49%	15.80%	55.57%	27.34%	-13.02%	23.11%
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 EUGDX and VEUSX is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Aug 14, 2001	0.90

The correlation between EUGDX and VEUSX shifts across timeframes, from 0.76 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EUGDX vs. VEUSX — Risk / Return Rank

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

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.

EUGDX vs. VEUSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Europe Opportunity Fund Inc. (EUGDX) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EUGDX	VEUSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.24	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.52	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.32	—

Drawdowns

Drawdown Indicators

	EUGDX	VEUSX	Difference
Max Drawdown Largest peak-to-trough decline	—	-63.28%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.97%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.96%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.72%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.87%	—
Current Drawdown Current decline from peak	—	-1.15%	—
Average Drawdown Average peak-to-trough decline	—	-12.95%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.23%	—

Volatility

Volatility by Period

	EUGDX	VEUSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.21%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.38%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.24%	—

EUGDX vs. VEUSX - Expense Ratio Comparison

EUGDX has a 1.05% expense ratio, which is higher than VEUSX's 0.10% expense ratio.

Dividends

EUGDX vs. VEUSX - Dividend Comparison

EUGDX's dividend yield for the trailing twelve months is around 0.66%, less than VEUSX's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUGDX Morgan Stanley Europe Opportunity Fund Inc.	0.66%	0.62%	0.00%	0.00%	0.00%	5.45%	7.53%	3.27%	1.02%	0.90%	2.75%	2.30%
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 EUGDX and VEUSX in my portfolio?

EUGDX and VEUSX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.