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VDGR.AX vs. VEQ.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VDGR.AX vs. VEQ.AX

Last updated Jul 18, 2026
Documentation

VDGR.AX (Vanguard Diversified Growth Index ETF) and VEQ.AX (Vanguard FTSE Europe Shares ETF) are both exchange-traded funds - VDGR.AX is a Diversified Portfolio fund tracking the Growth Composite Index, while VEQ.AX is a Europe Equities fund tracking the Vanguard FTSE Europe Shares Index. Both are passively managed. Over the past 5 years, VDGR.AX returned 6.15%/yr vs 9.11%/yr for VEQ.AX. A 0.69 correlation means they provide meaningful diversification when combined.

Performance

VDGR.AX vs. VEQ.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Vanguard Diversified Growth Index ETF (VDGR.AX) and Vanguard FTSE Europe Shares ETF (VEQ.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VDGR.AX achieves a 2.87% return, which is significantly higher than VEQ.AX's 1.44% return.

VDGR.AX

1D
-0.75%
1M
-1.07%
6M
1.94%
YTD
2.87%
1Y
8.47%
3Y*
10.54%
5Y*
6.15%
10Y*
—

VEQ.AX

1D
-0.86%
1M
0.19%
6M
-0.23%
YTD
1.44%
1Y
7.89%
3Y*
13.04%
5Y*
9.11%
10Y*
9.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VDGR.AX vs. VEQ.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VDGR.AX
Vanguard Diversified Growth Index ETF		2.87%11.12%12.97%12.54%-10.56%12.28%7.09%19.35%-1.25%1.14%
VEQ.AX
Vanguard FTSE Europe Shares ETF		1.44%25.53%10.16%16.98%-10.66%21.83%-3.34%24.19%-6.81%-0.04%

Correlation

The correlation between VDGR.AX and VEQ.AX is 0.71, 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

0.71

Correlation (3Y)
Calculated over the trailing 3-year period

0.63

Correlation (5Y)
Calculated over the trailing 5-year period

0.69

Correlation (All Time)
Calculated using the full available price history since Nov 20, 2017

0.69

The correlation between VDGR.AX and VEQ.AX has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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Vanguard Diversified Growth Index ETF

Vanguard FTSE Europe Shares ETF

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Often compared with VEQ.AX:
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Return for Risk

VDGR.AX vs. VEQ.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VDGR.AX
VDGR.AX Risk / Return Rank: 3636
Overall Rank
VDGR.AX Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
VDGR.AX Sortino Ratio Rank: 3535
Sortino Ratio Rank
VDGR.AX Omega Ratio Rank: 3636
Omega Ratio Rank
VDGR.AX Calmar Ratio Rank: 3434
Calmar Ratio Rank
VDGR.AX Martin Ratio Rank: 4040
Martin Ratio Rank
VEQ.AX
VEQ.AX Risk / Return Rank: 2222
Overall Rank
VEQ.AX Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
VEQ.AX Sortino Ratio Rank: 2222
Sortino Ratio Rank
VEQ.AX Omega Ratio Rank: 2222
Omega Ratio Rank
VEQ.AX Calmar Ratio Rank: 1919
Calmar Ratio Rank
VEQ.AX Martin Ratio Rank: 2323
Martin Ratio Rank
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.

VDGR.AX vs. VEQ.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Diversified Growth Index ETF (VDGR.AX) and Vanguard FTSE Europe Shares ETF (VEQ.AX). 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.

VDGR.AXVEQ.AXDifference
Sharpe ratioReturn per unit of total volatility
1.03
0.60

+0.43

Sortino ratioReturn per unit of downside risk
1.52
0.94

+0.58

Omega ratioGain probability vs. loss probability

1.20

1.12

+0.07

Calmar ratioReturn relative to maximum drawdown

1.37

0.61

+0.76

Martin ratioReturn relative to average drawdown

4.93

1.98

+2.95

VDGR.AX vs. VEQ.AX - Sharpe Ratio Comparison

The current VDGR.AX Sharpe Ratio is 1.03, which is higher than the VEQ.AX Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of VDGR.AX and VEQ.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VDGR.AX vs. VEQ.AX - Drawdown Comparison

The maximum VDGR.AX drawdown since its inception was -23.90%, smaller than the maximum VEQ.AX drawdown of -28.50%. Use the drawdown chart below to compare losses from any high point for VDGR.AX and VEQ.AX.

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Drawdown Indicators

VDGR.AXVEQ.AXDifference

Max Drawdown

Largest peak-to-trough decline

-23.90%

-28.50%

+4.60%

Max Drawdown (1Y)

Largest decline over 1 year

-5.99%

-12.42%

+6.43%

Max Drawdown (3Y)

Largest decline over 3 years

-10.00%

-12.42%

+2.42%

Max Drawdown (5Y)

Largest decline over 5 years

-15.79%

-25.44%

+9.65%

Max Drawdown (10Y)

Largest decline over 10 years

—

-28.50%

—

Current Drawdown

Current decline from peak

-1.28%

-2.64%

+1.36%

Average Drawdown

Average peak-to-trough decline

-3.35%

-5.47%

+2.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.69%

3.87%

-2.18%

Volatility

VDGR.AX vs. VEQ.AX - Volatility Comparison

The current volatility for Vanguard Diversified Growth Index ETF (VDGR.AX) is 1.51%, while Vanguard FTSE Europe Shares ETF (VEQ.AX) has a volatility of 2.67%. This indicates that VDGR.AX experiences smaller price fluctuations and is considered to be less risky than VEQ.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VDGR.AXVEQ.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.51%

2.67%

-1.16%

Volatility (6M)

Calculated over the trailing 6-month period

6.67%

11.17%

-4.50%

Volatility (1Y)

Calculated over the trailing 1-year period

7.98%

12.59%

-4.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.97%

13.43%

-4.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

9.62%

14.12%

-4.50%

Dividends

VDGR.AX vs. VEQ.AX - Dividend Comparison

VDGR.AX's dividend yield for the trailing twelve months is around 3.70%, more than VEQ.AX's 1.53% yield.

PositionTTM2025202420232022202120202019201820172016
VDGR.AX
Vanguard Diversified Growth Index ETF		3.70%3.04%1.60%2.04%3.42%8.07%5.20%2.91%1.56%0.00%0.00%
VEQ.AX
Vanguard FTSE Europe Shares ETF		1.53%2.28%1.39%2.56%2.06%1.91%2.32%2.62%2.36%1.77%2.35%

Frequently Asked Questions

VDGR.AX and VEQ.AX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VDGR.AX is categorized as Diversified Portfolio, while VEQ.AX is Europe Equities. VDGR.AX tracks Growth Composite Index, while VEQ.AX tracks Vanguard FTSE Europe Shares Index.

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