VERX.AS vs. VFEG.L

Last updated Jun 26, 2026

VERX.AS (Vanguard FTSE Developed Europe ex-UK UCITS ETF) and VFEG.L (Vanguard FTSE Emerging Markets UCITS ETF Acc) are both exchange-traded funds - VERX.AS is a Europe Equities fund tracking the MSCI Europe Ex UK NR EUR, while VFEG.L is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, VERX.AS returned 9.59%/yr vs 5.72%/yr for VFEG.L. A 0.56 correlation means they provide meaningful diversification when combined. VERX.AS charges 0.10%/yr vs 0.22%/yr for VFEG.L.

Performance

VERX.AS vs. VFEG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE Developed Europe ex-UK UCITS ETF (VERX.AS) and Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VERX.AS is traded in EUR, while VFEG.L is traded in GBP. To make them comparable, the VFEG.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, VERX.AS achieves a 10.77% return, which is significantly lower than VFEG.L's 12.68% return.

VERX.AS

• 1D: 0.77%
• 1M: 2.72%
• YTD: 10.77%
• 6M: 11.48%
• 1Y: 22.50%
• 3Y*: 15.33%
• 5Y*: 9.59%
• 10Y*: 11.00%

VFEG.L

• 1D: -0.50%
• 1M: 0.71%
• YTD: 12.68%
• 6M: 13.23%
• 1Y: 25.78%
• 3Y*: 15.54%
• 5Y*: 5.72%
• 10Y*: —

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

VERX.AS vs. VFEG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VERX.AS Vanguard FTSE Developed Europe ex-UK UCITS ETF	10.77%	20.66%	7.06%	18.51%	-12.99%	24.90%	2.64%	6.12%
VFEG.L Vanguard FTSE Emerging Markets UCITS ETF Acc	12.68%	11.04%	19.63%	3.43%	-12.04%	6.50%	5.23%	-12.22%

Correlation

The correlation between VERX.AS and VFEG.L is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019	0.56

The correlation between VERX.AS and VFEG.L has been stable across timeframes, ranging from 0.53 to 0.56 - a consistent structural relationship.

Return for Risk

VERX.AS vs. VFEG.L — Risk / Return Rank

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

VERX.AS

VERX.AS Risk / Return Rank: 54
VERX.AS Sharpe Ratio Rank: 54
VERX.AS Sortino Ratio Rank: 57
VERX.AS Omega Ratio Rank: 54
VERX.AS Calmar Ratio Rank: 50
VERX.AS Martin Ratio Rank: 53

VFEG.L

VFEG.L Risk / Return Rank: 65
VFEG.L Sharpe Ratio Rank: 66
VFEG.L Sortino Ratio Rank: 63
VFEG.L Omega Ratio Rank: 65
VFEG.L Calmar Ratio Rank: 69
VFEG.L Martin Ratio Rank: 61

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.

VERX.AS vs. VFEG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe ex-UK UCITS ETF (VERX.AS) and Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.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.

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.

	VERX.AS	VFEG.L	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.71	-0.09
Sortino ratio: Return per unit of downside risk	2.38	2.43	-0.04
Omega ratio: Gain probability vs. loss probability	1.30	1.31	-0.01
Calmar ratio: Return relative to maximum drawdown	2.18	2.96	-0.78
Martin ratio: Return relative to average drawdown	8.18	9.64	-1.45

VERX.AS vs. VFEG.L - Sharpe Ratio Comparison

The current VERX.AS Sharpe Ratio is 1.62, which is comparable to the VFEG.L Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of VERX.AS and VFEG.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.

Drawdowns

VERX.AS vs. VFEG.L - Drawdown Comparison

The maximum VERX.AS drawdown since its inception was -34.57%, smaller than the maximum VFEG.L drawdown of -37.87%. Use the drawdown chart below to compare losses from any high point for VERX.AS and VFEG.L.

Drawdown Indicators

	VERX.AS	VFEG.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.57%	-37.87%	+3.30%
Max Drawdown (1Y) Largest decline over 1 year	-10.20%	-8.68%	-1.52%
Max Drawdown (3Y) Largest decline over 3 years	-16.21%	-20.91%	+4.70%
Max Drawdown (5Y) Largest decline over 5 years	-22.90%	-20.91%	-1.99%
Max Drawdown (10Y) Largest decline over 10 years	-34.57%	—	—
Current Drawdown Current decline from peak	-0.16%	-3.41%	+3.25%
Average Drawdown Average peak-to-trough decline	-5.73%	-10.77%	+5.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	2.67%	+0.06%

Volatility

VERX.AS vs. VFEG.L - Volatility Comparison

The current volatility for Vanguard FTSE Developed Europe ex-UK UCITS ETF (VERX.AS) is 3.19%, while Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEG.L) has a volatility of 5.88%. This indicates that VERX.AS experiences smaller price fluctuations and is considered to be less risky than VFEG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VERX.AS	VFEG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	5.88%	-2.69%
Volatility (6M) Calculated over the trailing 6-month period	11.54%	12.26%	-0.72%
Volatility (1Y) Calculated over the trailing 1-year period	13.72%	15.01%	-1.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.92%	20.79%	-5.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.42%	22.69%	-7.27%

VERX.AS vs. VFEG.L - Expense Ratio Comparison

VERX.AS has a 0.10% expense ratio, which is lower than VFEG.L's 0.22% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VERX.AS vs. VFEG.L - Dividend Comparison

VERX.AS's dividend yield for the trailing twelve months is around 2.48%, while VFEG.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VERX.AS Vanguard FTSE Developed Europe ex-UK UCITS ETF	2.48%	2.67%	2.91%	2.75%	3.05%	2.29%	1.96%	2.83%	3.20%	2.71%	2.81%	2.61%
VFEG.L Vanguard FTSE Emerging Markets UCITS ETF Acc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VERX.AS and VFEG.L in my portfolio?

VERX.AS and VFEG.L have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VERX.AS or VFEG.L?

On fees, VERX.AS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VERX.AS or VFEG.L?

VERX.AS is cheaper with a 0.10% expense ratio, compared with 0.22% for VFEG.L.

What is the main difference between VERX.AS and VFEG.L?

VERX.AS is categorized as Europe Equities, while VFEG.L is Emerging Markets Equities. VERX.AS tracks MSCI Europe Ex UK NR EUR, while VFEG.L tracks MSCI EM NR USD. Their fees differ too: 0.10% for VERX.AS and 0.22% for VFEG.L.