FEUD.L vs. V3EL.L

Last updated Jun 5, 2026

FEUD.L (First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares) and V3EL.L (Vanguard ESG Developed Europe All Cap UCITS ETF EUR Distributing) are both Europe Equities funds - FEUD.L tracks the MSCI EMU NR EUR while V3EL.L tracks the FTSE Developed Europe All Cap Choice Index. Both are passively managed. Over the past 3 years, FEUD.L returned 22.60%/yr vs 12.59%/yr for V3EL.L. A 0.75 correlation means they provide meaningful diversification when combined. FEUD.L charges 0.75%/yr vs 0.12%/yr for V3EL.L.

Performance

FEUD.L vs. V3EL.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares (FEUD.L) and Vanguard ESG Developed Europe All Cap UCITS ETF EUR Distributing (V3EL.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FEUD.L is traded in GBp, while V3EL.L is traded in GBP. To make them comparable, the V3EL.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, FEUD.L achieves a 12.54% return, which is significantly higher than V3EL.L's 4.68% return.

FEUD.L

• 1D: 0.31%
• 1M: 3.05%
• YTD: 12.54%
• 6M: 15.59%
• 1Y: 34.15%
• 3Y*: 22.60%
• 5Y*: 11.77%
• 10Y*: —

V3EL.L

• 1D: 0.76%
• 1M: 4.49%
• YTD: 4.68%
• 6M: 7.25%
• 1Y: 15.45%
• 3Y*: 12.59%
• 5Y*: —
• 10Y*: —

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

FEUD.L vs. V3EL.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FEUD.L First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares	12.54%	47.89%	4.04%	10.07%	4.19%
V3EL.L Vanguard ESG Developed Europe All Cap UCITS ETF EUR Distributing	4.68%	23.27%	4.39%	13.76%	0.75%

Correlation

The correlation between FEUD.L and V3EL.L is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (All Time) Calculated using the full available price history since Aug 19, 2022	0.75

The correlation between FEUD.L and V3EL.L has been stable across timeframes, ranging from 0.75 to 0.78 - a consistent structural relationship.

Return for Risk

FEUD.L vs. V3EL.L — Risk / Return Rank

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

FEUD.L

FEUD.L Risk / Return Rank: 76
FEUD.L Sharpe Ratio Rank: 82
FEUD.L Sortino Ratio Rank: 77
FEUD.L Omega Ratio Rank: 81
FEUD.L Calmar Ratio Rank: 72
FEUD.L Martin Ratio Rank: 70

V3EL.L

V3EL.L Risk / Return Rank: 32
V3EL.L Sharpe Ratio Rank: 34
V3EL.L Sortino Ratio Rank: 34
V3EL.L Omega Ratio Rank: 35
V3EL.L Calmar Ratio Rank: 28
V3EL.L Martin Ratio Rank: 32

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.

FEUD.L vs. V3EL.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares (FEUD.L) and Vanguard ESG Developed Europe All Cap UCITS ETF EUR Distributing (V3EL.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.

	FEUD.L	V3EL.L	Difference
Sharpe ratio: Return per unit of total volatility	2.60	1.20	+1.41
Sortino ratio: Return per unit of downside risk	3.38	1.74	+1.63
Omega ratio: Gain probability vs. loss probability	1.47	1.23	+0.25
Calmar ratio: Return relative to maximum drawdown	3.56	1.33	+2.23
Martin ratio: Return relative to average drawdown	12.70	4.64	+8.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEUD.L vs. V3EL.L - Sharpe Ratio Comparison

The current FEUD.L Sharpe Ratio is 2.60, which is higher than the V3EL.L Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of FEUD.L and V3EL.L, 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

	FEUD.L	V3EL.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	1.20	+1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.92	-0.36

Drawdowns

FEUD.L vs. V3EL.L - Drawdown Comparison

The maximum FEUD.L drawdown since its inception was -34.17%, which is greater than V3EL.L's maximum drawdown of -12.74%. Use the drawdown chart below to compare losses from any high point for FEUD.L and V3EL.L.

Drawdown Indicators

	FEUD.L	V3EL.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.17%	-12.74%	-21.43%
Max Drawdown (1Y) Largest decline over 1 year	-10.60%	-11.57%	+0.97%
Max Drawdown (3Y) Largest decline over 3 years	-14.03%	-12.74%	-1.29%
Max Drawdown (5Y) Largest decline over 5 years	-23.21%	—	—
Current Drawdown Current decline from peak	-0.04%	-1.31%	+1.27%
Average Drawdown Average peak-to-trough decline	-6.69%	-2.48%	-4.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	3.32%	-0.47%

Volatility

FEUD.L vs. V3EL.L - Volatility Comparison

First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares (FEUD.L) and Vanguard ESG Developed Europe All Cap UCITS ETF EUR Distributing (V3EL.L) have volatilities of 3.98% and 4.13%, 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

	FEUD.L	V3EL.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	4.13%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	11.63%	10.80%	+0.83%
Volatility (1Y) Calculated over the trailing 1-year period	14.52%	12.86%	+1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.64%	13.16%	+4.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.89%	13.16%	+6.73%

FEUD.L vs. V3EL.L - Expense Ratio Comparison

FEUD.L has a 0.75% expense ratio, which is higher than V3EL.L's 0.12% expense ratio.

Dividends

FEUD.L vs. V3EL.L - Dividend Comparison

FEUD.L's dividend yield for the trailing twelve months is around 2.76%, more than V3EL.L's 2.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FEUD.L First Trust Eurozone AlphaDEX® UCITS ETF Class B Shares	2.76%	3.05%	3.72%	2.76%	2.50%	1.94%	1.01%	1.75%
V3EL.L Vanguard ESG Developed Europe All Cap UCITS ETF EUR Distributing	2.52%	2.63%	2.87%	2.61%	0.37%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FEUD.L and V3EL.L in my portfolio?

FEUD.L and V3EL.L have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FEUD.L or V3EL.L?

On fees, V3EL.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FEUD.L or V3EL.L?

V3EL.L is cheaper with a 0.12% expense ratio, compared with 0.75% for FEUD.L.

What is the main difference between FEUD.L and V3EL.L?

FEUD.L tracks MSCI EMU NR EUR, while V3EL.L tracks FTSE Developed Europe All Cap Choice Index. They also come from different issuers: First Trust and Vanguard. Their fees differ too: 0.75% for FEUD.L and 0.12% for V3EL.L.