MAEFX vs. VEURX

Last updated Jun 3, 2026

MAEFX (BlackRock EuroFund Fund) and VEURX (Vanguard European Stock Index Fund) are both Europe Equities funds. Over the past 10 years, MAEFX returned 7.43%/yr vs 9.18%/yr for VEURX. Their correlation of 0.91 suggests significant overlap in exposure. MAEFX charges 1.10%/yr vs 0.25%/yr for VEURX.

Performance

MAEFX vs. VEURX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock EuroFund Fund (MAEFX) and Vanguard European Stock Index Fund (VEURX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAEFX achieves a 5.07% return, which is significantly lower than VEURX's 6.57% return. Over the past 10 years, MAEFX has underperformed VEURX with an annualized return of 7.43%, while VEURX has yielded a comparatively higher 9.18% annualized return.

MAEFX

• 1D: -0.39%
• 1M: 3.62%
• YTD: 5.07%
• 6M: 7.51%
• 1Y: 8.78%
• 3Y*: 11.99%
• 5Y*: 5.25%
• 10Y*: 7.43%

VEURX

• 1D: -0.56%
• 1M: 1.88%
• YTD: 6.57%
• 6M: 10.31%
• 1Y: 18.01%
• 3Y*: 16.54%
• 5Y*: 8.29%
• 10Y*: 9.18%

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

MAEFX vs. VEURX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MAEFX BlackRock EuroFund Fund	5.07%	20.07%	7.21%	20.70%	-23.85%	19.53%	19.34%	25.17%	-19.83%	22.42%
VEURX Vanguard European Stock Index Fund	6.57%	35.20%	1.88%	19.83%	-16.16%	16.14%	6.29%	24.02%	-14.88%	26.81%

Correlation

The correlation between MAEFX and VEURX is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 19, 1990	0.91

The correlation between MAEFX and VEURX has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

Return for Risk

MAEFX vs. VEURX — Risk / Return Rank

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

MAEFX

MAEFX Risk / Return Rank: 6
MAEFX Sharpe Ratio Rank: 6
MAEFX Sortino Ratio Rank: 6
MAEFX Omega Ratio Rank: 6
MAEFX Calmar Ratio Rank: 5
MAEFX Martin Ratio Rank: 6

VEURX

VEURX Risk / Return Rank: 19
VEURX Sharpe Ratio Rank: 18
VEURX Sortino Ratio Rank: 18
VEURX Omega Ratio Rank: 18
VEURX Calmar Ratio Rank: 18
VEURX Martin Ratio Rank: 22

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.

MAEFX vs. VEURX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock EuroFund Fund (MAEFX) and Vanguard European Stock Index Fund (VEURX). 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.

	MAEFX	VEURX	Difference
Sharpe ratio Return per unit of total volatility	0.48	1.26	-0.78
Sortino ratio Return per unit of downside risk	0.83	1.84	-1.01
Omega ratio Gain probability vs. loss probability	1.10	1.23	-0.13
Calmar ratio Return relative to maximum drawdown	0.55	1.61	-1.06
Martin ratio Return relative to average drawdown	1.78	5.95	-4.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAEFX vs. VEURX - Sharpe Ratio Comparison

The current MAEFX Sharpe Ratio is 0.48, which is lower than the VEURX Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of MAEFX and VEURX, 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

	MAEFX	VEURX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.48	1.26	-0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.48	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	0.51	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.38	-0.01

Drawdowns

MAEFX vs. VEURX - Drawdown Comparison

The maximum MAEFX drawdown since its inception was -62.58%, roughly equal to the maximum VEURX drawdown of -63.33%. Use the drawdown chart below to compare losses from any high point for MAEFX and VEURX.

Drawdown Indicators

	MAEFX	VEURX	Difference
Max Drawdown Largest peak-to-trough decline	-62.58%	-63.33%	+0.75%
Max Drawdown (1Y) Largest decline over 1 year	-17.14%	-11.97%	-5.17%
Max Drawdown (3Y) Largest decline over 3 years	-20.00%	-13.97%	-6.03%
Max Drawdown (5Y) Largest decline over 5 years	-40.47%	-32.81%	-7.66%
Max Drawdown (10Y) Largest decline over 10 years	-40.51%	-37.03%	-3.48%
Current Drawdown Current decline from peak	-2.52%	-1.60%	-0.92%
Average Drawdown Average peak-to-trough decline	-11.64%	-12.67%	+1.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.30%	3.24%	+2.06%

Volatility

MAEFX vs. VEURX - Volatility Comparison

BlackRock EuroFund Fund (MAEFX) has a higher volatility of 7.20% compared to Vanguard European Stock Index Fund (VEURX) at 5.51%. This indicates that MAEFX's price experiences larger fluctuations and is considered to be riskier than VEURX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAEFX	VEURX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.20%	5.51%	+1.69%
Volatility (6M) Calculated over the trailing 6-month period	17.37%	12.52%	+4.85%
Volatility (1Y) Calculated over the trailing 1-year period	20.27%	15.22%	+5.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.34%	17.38%	+4.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.57%	18.23%	+3.34%

MAEFX vs. VEURX - Expense Ratio Comparison

MAEFX has a 1.10% expense ratio, which is higher than VEURX's 0.25% expense ratio.

Dividends

MAEFX vs. VEURX - Dividend Comparison

MAEFX's dividend yield for the trailing twelve months is around 11.02%, more than VEURX's 2.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAEFX BlackRock EuroFund Fund	11.02%	11.58%	1.29%	1.24%	0.76%	0.00%	0.00%	0.45%	2.81%	1.19%	2.32%	1.64%
VEURX Vanguard European Stock Index Fund	2.63%	2.70%	3.44%	3.00%	3.07%	2.90%	1.97%	3.14%	3.77%	2.55%	3.35%	3.09%

Frequently Asked Questions

Can I hold both MAEFX and VEURX in my portfolio?

With a correlation of 0.91, MAEFX and VEURX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MAEFX or VEURX?

MAEFX has higher volatility (7.20%) compared to VEURX (5.51%). In terms of maximum drawdown, MAEFX dropped -62.58% vs VEURX's -63.33%.

Which has better risk-adjusted returns?

VEURX currently has the higher Sharpe Ratio (1.26 vs 0.48), 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.