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VEIRX vs. VEUSX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VEIRX vs. VEUSX

Last updated Jun 4, 2026

VEIRX (Vanguard Equity Income Fund Admiral Shares) and VEUSX (Vanguard European Stock Index Fund Admiral Shares) are both mutual funds - VEIRX is a Large Cap Value Equities fund managed by Vanguard, while VEUSX is a Europe Equities fund managed by Vanguard. Over the past 10 years, VEIRX returned 11.95%/yr vs 9.37%/yr for VEUSX. A 0.72 correlation means they provide meaningful diversification when combined. VEIRX charges 0.19%/yr vs 0.10%/yr for VEUSX.

Performance

VEIRX vs. VEUSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Equity Income Fund Admiral Shares (VEIRX) and Vanguard European Stock Index Fund Admiral Shares (VEUSX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VEIRX achieves a 9.73% return, which is significantly higher than VEUSX's 7.08% return. Over the past 10 years, VEIRX has outperformed VEUSX with an annualized return of 11.95%, while VEUSX has yielded a comparatively lower 9.37% annualized return.

VEIRX

1D
0.79%
1M
2.95%
YTD
9.73%
6M
9.86%
1Y
23.54%
3Y*
17.62%
5Y*
11.11%
10Y*
11.95%

VEUSX

1D
0.41%
1M
3.96%
YTD
7.08%
6M
10.13%
1Y
19.62%
3Y*
16.86%
5Y*
8.68%
10Y*
9.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VEIRX vs. VEUSX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VEIRX
Vanguard Equity Income Fund Admiral Shares		9.73%17.25%14.91%7.76%-0.08%25.49%3.08%25.34%-5.68%17.68%
VEUSX
Vanguard European Stock Index Fund Admiral Shares		7.08%35.41%2.01%19.99%-16.06%16.28%6.43%24.22%-14.81%27.04%

Correlation

The correlation between VEIRX and VEUSX is 0.66, 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

0.66

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

0.65

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

0.70

Correlation (10Y)
Calculated over the trailing 10-year period

0.71

Correlation (All Time)
Calculated using the full available price history since Aug 14, 2001

0.72

The correlation between VEIRX and VEUSX has been stable across timeframes, ranging from 0.65 to 0.72 - a consistent structural relationship.

VEIRX vs. VEUSX - Sectors Allocation Comparison

Sectors
VEIRX
VEUSX

Financial Services

20.5%
23.9%

Healthcare

14.8%
12.1%

Technology

13.0%
8.3%

Industrials

10.6%
19.5%

Consumer Defensive

9.4%
8.5%

Energy

8.3%
5.3%

Utilities

7.0%
4.8%

Consumer Cyclical

6.0%
6.8%

Basic Materials

3.4%
5.4%

Communication Services

2.9%
3.3%

Real Estate

1.9%
1.5%

Financial Services

VEIRX
20.5%
VEUSX
23.9%

Healthcare

VEIRX
14.8%
VEUSX
12.1%

Technology

VEIRX
13.0%
VEUSX
8.3%

Industrials

VEIRX
10.6%
VEUSX
19.5%

Consumer Defensive

VEIRX
9.4%
VEUSX
8.5%

Energy

VEIRX
8.3%
VEUSX
5.3%

Utilities

VEIRX
7.0%
VEUSX
4.8%

Consumer Cyclical

VEIRX
6.0%
VEUSX
6.8%

Basic Materials

VEIRX
3.4%
VEUSX
5.4%

Communication Services

VEIRX
2.9%
VEUSX
3.3%

Real Estate

VEIRX
1.9%
VEUSX
1.5%

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Vanguard Equity Income Fund Admiral Shares

Vanguard European Stock Index Fund Admiral Shares

Often compared with VEIRX:
VEIRX vs. SCHDVEIRX vs. VFIAXVEIRX vs. VOOVEIRX vs. VWENXVEIRX vs. VWIAXVEIRX vs. VDADXVEIRX vs. VDIGX
Often compared with VEUSX:
VEUSX vs. VTIAXVEUSX vs. VOOVEUSX vs. VFIAXVEUSX vs. VPLVEUSX vs. REREXVEUSX vs. VAIGXVEUSX vs. VIHAX

Return for Risk

VEIRX vs. VEUSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VEIRX
VEIRX Risk / Return Rank: 6767
Overall Rank
VEIRX Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
VEIRX Sortino Ratio Rank: 6666
Sortino Ratio Rank
VEIRX Omega Ratio Rank: 6161
Omega Ratio Rank
VEIRX Calmar Ratio Rank: 7676
Calmar Ratio Rank
VEIRX Martin Ratio Rank: 6666
Martin Ratio Rank
VEUSX
VEUSX Risk / Return Rank: 1919
Overall Rank
VEUSX Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
VEUSX Sortino Ratio Rank: 1818
Sortino Ratio Rank
VEUSX Omega Ratio Rank: 1818
Omega Ratio Rank
VEUSX Calmar Ratio Rank: 1818
Calmar Ratio Rank
VEUSX 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.

VEIRX vs. VEUSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Equity Income Fund Admiral Shares (VEIRX) and Vanguard European Stock Index Fund Admiral Shares (VEUSX). 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.

VEIRXVEUSXDifference
Sharpe ratioReturn per unit of total volatility
2.39
1.24

+1.16

Sortino ratioReturn per unit of downside risk
3.39
1.80

+1.59

Omega ratioGain probability vs. loss probability

1.44

1.22

+0.21

Calmar ratioReturn relative to maximum drawdown

3.44

1.57

+1.87

Martin ratioReturn relative to average drawdown

12.85

5.79

+7.05

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEIRX vs. VEUSX - Sharpe Ratio Comparison

The current VEIRX Sharpe Ratio is 2.39, which is higher than the VEUSX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of VEIRX and VEUSX, 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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Sharpe Ratios by Period

VEIRXVEUSXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.39

1.24

+1.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.80

0.50

+0.30

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.74

0.52

+0.22

Sharpe Ratio (All Time)

Calculated using the full available price history

0.52

0.32

+0.20

Drawdowns

VEIRX vs. VEUSX - Drawdown Comparison

The maximum VEIRX drawdown since its inception was -54.02%, smaller than the maximum VEUSX drawdown of -63.28%. Use the drawdown chart below to compare losses from any high point for VEIRX and VEUSX.

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Drawdown Indicators

VEIRXVEUSXDifference

Max Drawdown

Largest peak-to-trough decline

-54.02%

-63.28%

+9.26%

Max Drawdown (1Y)

Largest decline over 1 year

-7.13%

-11.97%

+4.84%

Max Drawdown (3Y)

Largest decline over 3 years

-13.36%

-13.96%

+0.60%

Max Drawdown (5Y)

Largest decline over 5 years

-15.12%

-32.72%

+17.60%

Max Drawdown (10Y)

Largest decline over 10 years

-35.26%

-36.87%

+1.61%

Current Drawdown

Current decline from peak

0.00%

-1.15%

+1.15%

Average Drawdown

Average peak-to-trough decline

-6.50%

-12.95%

+6.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.91%

3.23%

-1.32%

Volatility

VEIRX vs. VEUSX - Volatility Comparison

The current volatility for Vanguard Equity Income Fund Admiral Shares (VEIRX) is 2.84%, while Vanguard European Stock Index Fund Admiral Shares (VEUSX) has a volatility of 5.49%. This indicates that VEIRX experiences smaller price fluctuations and is considered to be less risky than VEUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VEIRXVEUSXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.84%

5.49%

-2.65%

Volatility (6M)

Calculated over the trailing 6-month period

7.65%

12.53%

-4.88%

Volatility (1Y)

Calculated over the trailing 1-year period

10.25%

15.21%

-4.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.92%

17.38%

-3.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.31%

18.24%

-1.93%

VEIRX vs. VEUSX - Expense Ratio Comparison

VEIRX has a 0.19% expense ratio, which is higher than VEUSX's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VEIRX vs. VEUSX - Dividend Comparison

VEIRX's dividend yield for the trailing twelve months is around 10.12%, more than VEUSX's 2.76% yield.

PositionTTM20252024202320222021202020192018201720162015
VEIRX
Vanguard Equity Income Fund Admiral Shares		10.12%11.03%9.83%7.96%8.79%7.71%2.86%4.45%10.98%3.04%3.87%6.48%
VEUSX
Vanguard European Stock Index Fund Admiral Shares		2.76%2.84%3.58%3.13%3.22%3.02%2.08%3.26%3.92%2.70%3.52%3.24%

Frequently Asked Questions

VEIRX and VEUSX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VEUSX has higher volatility (5.49%) compared to VEIRX (2.84%). In terms of maximum drawdown, VEIRX dropped -54.02% vs VEUSX's -63.28%.

VEIRX currently has the higher Sharpe Ratio (2.39 vs 1.24), 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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