MEURX vs. VEUAX
MEURX (Franklin Mutual European Fund) and VEUAX (JPMorgan Europe Dynamic Fund) are both Europe Equities funds. Over the past 10 years, MEURX returned 9.76%/yr vs 10.28%/yr for VEUAX. Their correlation of 0.81 suggests significant overlap in exposure. MEURX charges 1.00%/yr vs 1.25%/yr for VEUAX.
Performance
MEURX vs. VEUAX - Performance Comparison
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Returns By Period
In the year-to-date period, MEURX achieves a 2.32% return, which is significantly lower than VEUAX's 7.20% return. Over the past 10 years, MEURX has underperformed VEUAX with an annualized return of 9.76%, while VEUAX has yielded a comparatively higher 10.28% annualized return.
MEURX
- 1D
- 0.03%
- 1M
- -1.09%
- YTD
- 2.32%
- 6M
- 1.89%
- 1Y
- 17.86%
- 3Y*
- 16.82%
- 5Y*
- 12.18%
- 10Y*
- 9.76%
VEUAX
- 1D
- 0.39%
- 1M
- 2.15%
- YTD
- 7.20%
- 6M
- 6.83%
- 1Y
- 19.87%
- 3Y*
- 19.28%
- 5Y*
- 10.03%
- 10Y*
- 10.28%
MEURX vs. VEUAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEURX Franklin Mutual European Fund | 2.32% | 39.96% | 3.67% | 16.68% | -0.68% | 16.48% | -6.22% | 22.28% | -11.13% | 10.45% |
VEUAX JPMorgan Europe Dynamic Fund | 7.20% | 41.51% | 3.48% | 18.19% | -15.39% | 17.68% | 8.45% | 21.51% | -18.69% | 22.26% |
Correlation
The correlation between MEURX and VEUAX is 0.90, 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 | 0.90 |
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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 1996 | 0.81 |
The correlation between MEURX and VEUAX has been stable across timeframes, ranging from 0.81 to 0.90 - a consistent structural relationship.
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Return for Risk
MEURX vs. VEUAX — Risk / Return Rank
MEURX
VEUAX
MEURX vs. VEUAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Mutual European Fund (MEURX) and JPMorgan Europe Dynamic Fund (VEUAX). 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.
| MEURX | VEUAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.73 | -0.08 |
| Martin ratioReturn relative to average drawdown | 5.37 | 5.99 | -0.62 |
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Drawdowns
MEURX vs. VEUAX - Drawdown Comparison
The maximum MEURX drawdown since its inception was -43.16%, smaller than the maximum VEUAX drawdown of -63.73%. Use the drawdown chart below to compare losses from any high point for MEURX and VEUAX.
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Drawdown Indicators
| MEURX | VEUAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.16% | -63.73% | +20.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -12.07% | +0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -15.36% | -12.89% | -2.47% |
Max Drawdown (5Y)Largest decline over 5 years | -20.38% | -30.94% | +10.56% |
Max Drawdown (10Y)Largest decline over 10 years | -41.10% | -44.64% | +3.54% |
Current DrawdownCurrent decline from peak | -4.86% | -1.50% | -3.36% |
Average DrawdownAverage peak-to-trough decline | -7.65% | -15.42% | +7.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 3.48% | -0.06% |
Volatility
MEURX vs. VEUAX - Volatility Comparison
The current volatility for Franklin Mutual European Fund (MEURX) is 3.27%, while JPMorgan Europe Dynamic Fund (VEUAX) has a volatility of 4.52%. This indicates that MEURX experiences smaller price fluctuations and is considered to be less risky than VEUAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEURX | VEUAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 4.52% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 11.34% | 13.57% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.20% | 16.05% | -1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.37% | 17.62% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.29% | 18.75% | -1.46% |
MEURX vs. VEUAX - Expense Ratio Comparison
MEURX has a 1.00% expense ratio, which is lower than VEUAX's 1.25% expense ratio.
Dividends
MEURX vs. VEUAX - Dividend Comparison
MEURX's dividend yield for the trailing twelve months is around 3.02%, less than VEUAX's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEURX Franklin Mutual European Fund | 3.02% | 3.09% | 3.06% | 2.25% | 3.31% | 3.52% | 2.36% | 2.71% | 4.07% | 1.31% | 3.70% | 5.72% |
VEUAX JPMorgan Europe Dynamic Fund | 3.21% | 3.45% | 3.81% | 3.02% | 0.77% | 2.03% | 1.01% | 2.82% | 2.60% | 1.38% | 1.93% | 1.25% |
Frequently Asked Questions
With a correlation of 0.90, MEURX and VEUAX 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.
VEUAX has higher volatility (4.52%) compared to MEURX (3.27%). In terms of maximum drawdown, MEURX dropped -43.16% vs VEUAX's -63.73%.
VEUAX currently has the higher Sharpe Ratio (1.30 vs 1.30), 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.
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