VERX.DE vs. VEUA.L
VERX.DE (Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing) and VEUA.L (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) are both Europe Equities funds from Vanguard - VERX.DE tracks the MSCI Europe Ex UK NR EUR while VEUA.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, VERX.DE returned 9.29%/yr vs 9.97%/yr for VEUA.L. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
VERX.DE vs. VEUA.L - Performance Comparison
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Different Trading Currencies
VERX.DE is traded in EUR, while VEUA.L is traded in GBP. To make them comparable, the VEUA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with VERX.DE having a 7.52% return and VEUA.L slightly higher at 7.60%.
VERX.DE
- 1D
- 0.77%
- 1M
- 3.77%
- YTD
- 7.52%
- 6M
- 10.18%
- 1Y
- 15.94%
- 3Y*
- 13.73%
- 5Y*
- 9.29%
- 10Y*
- —
VEUA.L
- 1D
- 0.69%
- 1M
- 3.31%
- YTD
- 7.60%
- 6M
- 10.10%
- 1Y
- 16.42%
- 3Y*
- 14.04%
- 5Y*
- 9.97%
- 10Y*
- —
VERX.DE vs. VEUA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VERX.DE Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing | 7.52% | 21.24% | 6.70% | 17.65% | -12.49% | 24.56% | 2.31% | 7.62% |
VEUA.L Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 7.60% | 19.49% | 9.53% | 15.86% | -9.15% | 24.43% | -2.52% | 7.92% |
Correlation
The correlation between VERX.DE and VEUA.L is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.91 |
The correlation between VERX.DE and VEUA.L has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
VERX.DE vs. VEUA.L — Risk / Return Rank
VERX.DE
VEUA.L
VERX.DE vs. VEUA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing (VERX.DE) and Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.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.
| VERX.DE | VEUA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.71 | -0.15 |
| Martin ratioReturn relative to average drawdown | 5.58 | 6.33 | -0.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VERX.DE | VEUA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.31 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.71 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.62 | -0.08 |
Drawdowns
VERX.DE vs. VEUA.L - Drawdown Comparison
The maximum VERX.DE drawdown since its inception was -34.46%, roughly equal to the maximum VEUA.L drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for VERX.DE and VEUA.L.
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Drawdown Indicators
| VERX.DE | VEUA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.46% | -35.98% | +1.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.22% | -9.59% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -16.31% | -15.36% | -0.95% |
Max Drawdown (5Y)Largest decline over 5 years | -22.86% | -20.11% | -2.75% |
Current DrawdownCurrent decline from peak | -1.26% | -0.42% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -5.11% | -4.91% | -0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 2.59% | +0.26% |
Volatility
VERX.DE vs. VEUA.L - Volatility Comparison
Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing (VERX.DE) and Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L) have volatilities of 4.34% and 4.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VERX.DE | VEUA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 4.21% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 10.27% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 12.53% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.99% | 14.11% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 16.61% | -0.49% |
VERX.DE vs. VEUA.L - Expense Ratio Comparison
Both VERX.DE and VEUA.L 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.DE vs. VEUA.L - Dividend Comparison
VERX.DE's dividend yield for the trailing twelve months is around 2.48%, while VEUA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
VERX.DE Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing | 2.48% | 2.67% | 2.92% | 2.75% | 3.02% | 2.28% | 1.95% | 2.80% | 3.23% | 0.23% |
VEUA.L Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, VERX.DE and VEUA.L 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.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VERX.DE and VEUA.L have the same expense ratio: 0.10% per year.
VERX.DE tracks MSCI Europe Ex UK NR EUR, while VEUA.L tracks MSCI Europe NR EUR.
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