VERX.AS vs. VNRT.AS

Last updated Jun 5, 2026

VERX.AS (Vanguard FTSE Developed Europe ex-UK UCITS ETF) and VNRT.AS (Vanguard FTSE North America UCITS ETF) are both exchange-traded funds - VERX.AS is a Europe Equities fund tracking the MSCI Europe Ex UK NR EUR, while VNRT.AS is a Large Cap Blend Equities fund tracking the Russell 1000 TR USD. Both are passively managed. Over the past 10 years, VERX.AS returned 9.69%/yr vs 14.75%/yr for VNRT.AS. A 0.66 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.

Performance

VERX.AS vs. VNRT.AS - 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 North America UCITS ETF (VNRT.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VERX.AS achieves a 7.73% return, which is significantly lower than VNRT.AS's 11.18% return. Over the past 10 years, VERX.AS has underperformed VNRT.AS with an annualized return of 9.69%, while VNRT.AS has yielded a comparatively higher 14.75% annualized return.

VERX.AS

• 1D: 0.65%
• 1M: 3.79%
• YTD: 7.73%
• 6M: 10.13%
• 1Y: 15.93%
• 3Y*: 13.68%
• 5Y*: 9.30%
• 10Y*: 9.69%

VNRT.AS

• 1D: -0.09%
• 1M: 5.36%
• YTD: 11.18%
• 6M: 11.33%
• 1Y: 25.40%
• 3Y*: 19.09%
• 5Y*: 14.34%
• 10Y*: 14.75%

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

VERX.AS vs. VNRT.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VERX.AS Vanguard FTSE Developed Europe ex-UK UCITS ETF	7.73%	20.65%	7.05%	18.49%	-12.99%	24.93%	2.62%	26.48%	-10.05%	12.01%
VNRT.AS Vanguard FTSE North America UCITS ETF	11.18%	5.05%	33.00%	21.72%	-14.59%	38.18%	9.34%	33.03%	-1.13%	6.64%

Correlation

The correlation between VERX.AS and VNRT.AS 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	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Oct 20, 2014	0.66

The correlation between VERX.AS and VNRT.AS shifts across timeframes, from 0.54 (3 years) to 0.67 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

VERX.AS vs. VNRT.AS — 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: 33
VERX.AS Sharpe Ratio Rank: 33
VERX.AS Sortino Ratio Rank: 33
VERX.AS Omega Ratio Rank: 33
VERX.AS Calmar Ratio Rank: 32
VERX.AS Martin Ratio Rank: 37

VNRT.AS

VNRT.AS Risk / Return Rank: 70
VNRT.AS Sharpe Ratio Rank: 69
VNRT.AS Sortino Ratio Rank: 66
VNRT.AS Omega Ratio Rank: 74
VNRT.AS Calmar Ratio Rank: 72
VNRT.AS Martin Ratio Rank: 69

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. VNRT.AS - 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 North America UCITS ETF (VNRT.AS). 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.

	VERX.AS	VNRT.AS	Difference
Sharpe ratio: Return per unit of total volatility	1.17	2.22	-1.05
Sortino ratio: Return per unit of downside risk	1.74	2.97	-1.24
Omega ratio: Gain probability vs. loss probability	1.22	1.43	-0.22
Calmar ratio: Return relative to maximum drawdown	1.54	3.54	-2.00
Martin ratio: Return relative to average drawdown	5.65	12.70	-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.

VERX.AS vs. VNRT.AS - Sharpe Ratio Comparison

The current VERX.AS Sharpe Ratio is 1.17, which is lower than the VNRT.AS Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of VERX.AS and VNRT.AS, 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

	VERX.AS	VNRT.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	2.22	-1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.93	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.84	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.48	+0.11

Drawdowns

VERX.AS vs. VNRT.AS - Drawdown Comparison

The maximum VERX.AS drawdown since its inception was -34.59%, roughly equal to the maximum VNRT.AS drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for VERX.AS and VNRT.AS.

Drawdown Indicators

	VERX.AS	VNRT.AS	Difference
Max Drawdown Largest peak-to-trough decline	-34.59%	-34.35%	-0.24%
Max Drawdown (1Y) Largest decline over 1 year	-10.21%	-7.07%	-3.14%
Max Drawdown (3Y) Largest decline over 3 years	-16.22%	-23.09%	+6.87%
Max Drawdown (5Y) Largest decline over 5 years	-22.89%	-23.09%	+0.20%
Max Drawdown (10Y) Largest decline over 10 years	-34.59%	-34.35%	-0.24%
Current Drawdown Current decline from peak	-1.39%	-0.31%	-1.08%
Average Drawdown Average peak-to-trough decline	-5.73%	-5.94%	+0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	1.98%	+0.81%

Volatility

VERX.AS vs. VNRT.AS - Volatility Comparison

Vanguard FTSE Developed Europe ex-UK UCITS ETF (VERX.AS) has a higher volatility of 4.34% compared to Vanguard FTSE North America UCITS ETF (VNRT.AS) at 2.65%. This indicates that VERX.AS's price experiences larger fluctuations and is considered to be riskier than VNRT.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VERX.AS	VNRT.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	2.65%	+1.69%
Volatility (6M) Calculated over the trailing 6-month period	11.06%	7.63%	+3.43%
Volatility (1Y) Calculated over the trailing 1-year period	13.49%	11.29%	+2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.86%	15.13%	-0.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.73%	17.26%	-1.53%

VERX.AS vs. VNRT.AS - Expense Ratio Comparison

Both VERX.AS and VNRT.AS have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VERX.AS vs. VNRT.AS - Dividend Comparison

VERX.AS's dividend yield for the trailing twelve months is around 2.48%, more than VNRT.AS's 0.88% yield.

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%
VNRT.AS Vanguard FTSE North America UCITS ETF	0.88%	0.98%	0.99%	1.25%	1.45%	1.00%	1.42%	1.44%	1.77%	1.64%	1.58%	1.70%

Frequently Asked Questions

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

VERX.AS and VNRT.AS 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 VNRT.AS?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VERX.AS or VNRT.AS?

VERX.AS and VNRT.AS have the same expense ratio: 0.10% per year.

What is the main difference between VERX.AS and VNRT.AS?

VERX.AS is categorized as Europe Equities, while VNRT.AS is Large Cap Blend Equities. VERX.AS tracks MSCI Europe Ex UK NR EUR, while VNRT.AS tracks Russell 1000 TR USD.