VERX.L vs. MEUG.L
VERX.L (Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing) and MEUG.L (Lyxor UCITS MSCI Europe D-EUR) are both Europe Equities funds - VERX.L tracks the MSCI Europe Ex UK NR EUR while MEUG.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 10 years, VERX.L returned 10.76%/yr vs 10.37%/yr for MEUG.L. A 0.61 correlation means they provide meaningful diversification when combined. VERX.L charges 0.10%/yr vs 0.25%/yr for MEUG.L.
Performance
VERX.L vs. MEUG.L - Performance Comparison
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Different Trading Currencies
VERX.L is traded in GBP, while MEUG.L is traded in GBp. To make them comparable, the MEUG.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VERX.L achieves a 6.84% return, which is significantly higher than MEUG.L's 6.45% return. Both investments have delivered pretty close results over the past 10 years, with VERX.L having a 10.76% annualized return and MEUG.L not far behind at 10.37%.
VERX.L
- 1D
- 0.91%
- 1M
- 4.05%
- YTD
- 6.84%
- 6M
- 9.25%
- 1Y
- 19.19%
- 3Y*
- 13.86%
- 5Y*
- 9.51%
- 10Y*
- 10.76%
MEUG.L
- 1D
- 0.49%
- 1M
- 3.47%
- YTD
- 6.45%
- 6M
- 8.77%
- 1Y
- 19.14%
- 3Y*
- 13.58%
- 5Y*
- 9.94%
- 10Y*
- 10.37%
VERX.L vs. MEUG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VERX.L Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing | 6.84% | 26.34% | 2.68% | 15.20% | -7.06% | 16.14% | 8.53% | 20.48% | -9.68% | 16.53% |
MEUG.L Lyxor UCITS MSCI Europe D-EUR | 6.45% | 26.01% | 3.67% | 12.42% | -3.12% | 15.71% | 2.31% | 20.16% | -9.59% | 15.90% |
Correlation
The correlation between VERX.L and MEUG.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2015 | 0.61 |
Over the past year, VERX.L and MEUG.L have become more correlated (0.97) than their long-term average of 0.61, meaning their price movements have been converging.
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Return for Risk
VERX.L vs. MEUG.L — Risk / Return Rank
VERX.L
MEUG.L
VERX.L vs. MEUG.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.L) and Lyxor UCITS MSCI Europe D-EUR (MEUG.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.L | MEUG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.82 | -0.12 |
| Martin ratioReturn relative to average drawdown | 6.07 | 6.45 | -0.38 |
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.L | MEUG.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.61 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 1.05 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.95 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.81 | -0.18 |
Drawdowns
VERX.L vs. MEUG.L - Drawdown Comparison
The maximum VERX.L drawdown since its inception was -27.64%, roughly equal to the maximum MEUG.L drawdown of -28.58%. Use the drawdown chart below to compare losses from any high point for VERX.L and MEUG.L.
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Drawdown Indicators
| VERX.L | MEUG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.64% | -28.58% | +0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -11.26% | -10.47% | -0.79% |
Max Drawdown (3Y)Largest decline over 3 years | -13.27% | -12.69% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -20.31% | -15.18% | -5.13% |
Max Drawdown (10Y)Largest decline over 10 years | -27.64% | -28.58% | +0.94% |
Current DrawdownCurrent decline from peak | -0.55% | -1.41% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -4.37% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 2.96% | +0.19% |
Volatility
VERX.L vs. MEUG.L - Volatility Comparison
Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing (VERX.L) has a higher volatility of 4.13% compared to Lyxor UCITS MSCI Europe D-EUR (MEUG.L) at 3.82%. This indicates that VERX.L's price experiences larger fluctuations and is considered to be riskier than MEUG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VERX.L | MEUG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 3.82% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 9.93% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.09% | 11.84% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.79% | 19.14% | -4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.57% | 19.39% | -3.82% |
VERX.L vs. MEUG.L - Expense Ratio Comparison
VERX.L has a 0.10% expense ratio, which is lower than MEUG.L's 0.25% 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.L vs. MEUG.L - Dividend Comparison
VERX.L's dividend yield for the trailing twelve months is around 2.46%, while MEUG.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEUG.L Lyxor UCITS MSCI Europe D-EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.70% | 3.42% | 3.73% | 3.07% | 3.39% | 3.60% |
VERX.L Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing | 2.46% | 2.62% | 2.94% | 2.72% | 2.92% | 2.33% | 1.97% | 2.95% | 3.14% | 2.68% | 2.64% | 2.56% |
Frequently Asked Questions
With a correlation of 0.97, VERX.L and MEUG.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.
On fees, VERX.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VERX.L is cheaper with a 0.10% expense ratio, compared with 0.25% for MEUG.L.
VERX.L tracks MSCI Europe Ex UK NR EUR, while MEUG.L tracks MSCI Europe NR EUR. They also come from different issuers: Vanguard and Amundi. Their fees differ too: 0.10% for VERX.L and 0.25% for MEUG.L.
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