EZU vs. VGK
Compare and contrast key facts about iShares MSCI Eurozone ETF (EZU) and Vanguard FTSE Europe ETF (VGK).
EZU and VGK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EZU is a passively managed fund by iShares that tracks the performance of the MSCI EMU. It was launched on Jul 25, 2000. VGK is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed Europe Index. It was launched on Mar 4, 2005. Both EZU and VGK 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: EZU or VGK.
Key characteristics
| EZU | VGK | |
|---|---|---|
| YTD Return | 6.34% | 7.00% |
| 1Y Return | 18.72% | 19.33% |
| 3Y Return (Ann) | 1.64% | 2.16% |
| 5Y Return (Ann) | 6.52% | 6.93% |
| 10Y Return (Ann) | 5.75% | 5.64% |
| Sharpe Ratio | 1.36 | 1.56 |
| Sortino Ratio | 1.94 | 2.22 |
| Omega Ratio | 1.24 | 1.27 |
| Calmar Ratio | 1.59 | 1.74 |
| Martin Ratio | 6.33 | 8.64 |
| Ulcer Index | 3.15% | 2.35% |
| Daily Std Dev | 14.63% | 13.00% |
| Max Drawdown | -66.37% | -63.61% |
| Current Drawdown | -6.36% | -6.00% |
Correlation
The correlation between EZU and VGK is 0.96, 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
EZU vs. VGK - Performance Comparison
In the year-to-date period, EZU achieves a 6.34% return, which is significantly lower than VGK's 7.00% return. Both investments have delivered pretty close results over the past 10 years, with EZU having a 5.75% annualized return and VGK not far behind at 5.64%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EZU vs. VGK - Expense Ratio Comparison
EZU has a 0.51% expense ratio, which is higher than VGK's 0.08% expense ratio.
Risk-Adjusted Performance
EZU vs. VGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Eurozone ETF (EZU) 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.
Dividends
EZU vs. VGK - Dividend Comparison
EZU's dividend yield for the trailing twelve months is around 2.82%, less than VGK's 3.01% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EZU iShares MSCI Eurozone ETF | 2.82% | 2.56% | 2.79% | 2.46% | 2.13% | 2.84% | 3.47% | 1.91% | 3.07% | 2.18% | 2.97% | 2.23% |
VGK Vanguard FTSE Europe ETF | 3.01% | 3.15% | 3.25% | 3.05% | 2.11% | 3.27% | 3.95% | 2.70% | 3.52% | 3.25% | 4.62% | 2.77% |
Drawdowns
EZU vs. VGK - Drawdown Comparison
The maximum EZU drawdown since its inception was -66.37%, roughly equal to the maximum VGK drawdown of -63.61%. Use the drawdown chart below to compare losses from any high point for EZU and VGK. For additional features, visit the drawdowns tool.
Volatility
EZU vs. VGK - Volatility Comparison
iShares MSCI Eurozone ETF (EZU) has a higher volatility of 3.46% compared to Vanguard FTSE Europe ETF (VGK) at 2.94%. This indicates that EZU'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.