VESIX vs. MEURX
VESIX (Vanguard European Stock Index Fund Institutional Shares) and MEURX (Franklin Mutual European Fund) are both Europe Equities funds. Over the past 10 years, VESIX returned 9.63%/yr vs 9.28%/yr for MEURX. Their correlation of 0.83 suggests significant overlap in exposure. VESIX charges 0.08%/yr vs 1.00%/yr for MEURX.
Performance
VESIX vs. MEURX - Performance Comparison
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Returns By Period
In the year-to-date period, VESIX achieves a 7.46% return, which is significantly higher than MEURX's 2.29% return. Both investments have delivered pretty close results over the past 10 years, with VESIX having a 9.63% annualized return and MEURX not far behind at 9.28%.
VESIX
- 1D
- 0.30%
- 1M
- 0.94%
- YTD
- 7.46%
- 6M
- 7.99%
- 1Y
- 21.44%
- 3Y*
- 15.92%
- 5Y*
- 9.23%
- 10Y*
- 9.63%
MEURX
- 1D
- 0.03%
- 1M
- -1.12%
- YTD
- 2.29%
- 6M
- 2.51%
- 1Y
- 18.31%
- 3Y*
- 16.19%
- 5Y*
- 12.34%
- 10Y*
- 9.28%
VESIX vs. MEURX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VESIX Vanguard European Stock Index Fund Institutional Shares | 7.46% | 35.43% | 2.02% | 20.03% | -16.07% | 16.31% | 6.46% | 24.24% | -14.78% | 27.05% |
MEURX Franklin Mutual European Fund | 2.29% | 39.96% | 3.67% | 16.68% | -0.68% | 16.48% | -6.22% | 22.28% | -11.13% | 10.45% |
Correlation
The correlation between VESIX and MEURX is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since May 15, 2000 | 0.83 |
The correlation between VESIX and MEURX shifts across timeframes, from 0.83 (all time) to 0.95 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VESIX vs. MEURX — Risk / Return Rank
VESIX
MEURX
VESIX vs. MEURX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard European Stock Index Fund Institutional Shares (VESIX) and Franklin Mutual European Fund (MEURX). 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.
| VESIX | MEURX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.61 | +0.15 |
| Martin ratioReturn relative to average drawdown | 6.51 | 5.28 | +1.23 |
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Drawdowns
VESIX vs. MEURX - Drawdown Comparison
The maximum VESIX drawdown since its inception was -63.25%, which is greater than MEURX's maximum drawdown of -43.16%. Use the drawdown chart below to compare losses from any high point for VESIX and MEURX.
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Drawdown Indicators
| VESIX | MEURX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.25% | -43.16% | -20.09% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -11.16% | -0.80% |
Max Drawdown (3Y)Largest decline over 3 years | -13.94% | -15.36% | +1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -32.68% | -20.38% | -12.30% |
Max Drawdown (10Y)Largest decline over 10 years | -36.85% | -41.10% | +4.25% |
Current DrawdownCurrent decline from peak | -0.81% | -4.88% | +4.07% |
Average DrawdownAverage peak-to-trough decline | -15.20% | -7.65% | -7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 3.41% | -0.17% |
Volatility
VESIX vs. MEURX - Volatility Comparison
Vanguard European Stock Index Fund Institutional Shares (VESIX) has a higher volatility of 5.02% compared to Franklin Mutual European Fund (MEURX) at 3.57%. This indicates that VESIX's price experiences larger fluctuations and is considered to be riskier than MEURX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VESIX | MEURX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 3.57% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 13.08% | 11.34% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.56% | 14.18% | +1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 15.37% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.21% | 17.32% | +0.89% |
VESIX vs. MEURX - Expense Ratio Comparison
VESIX has a 0.08% expense ratio, which is lower than MEURX's 1.00% expense ratio.
Dividends
VESIX vs. MEURX - Dividend Comparison
VESIX's dividend yield for the trailing twelve months is around 2.91%, less than MEURX's 3.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEURX Franklin Mutual European Fund | 3.02% | 3.09% | 3.06% | 2.25% | 3.31% | 3.52% | 2.36% | 2.71% | 4.07% | 1.31% | 3.70% | 5.72% |
VESIX Vanguard European Stock Index Fund Institutional Shares | 2.91% | 2.86% | 3.60% | 3.15% | 3.25% | 3.04% | 2.10% | 3.28% | 3.95% | 2.72% | 3.54% | 3.27% |
Frequently Asked Questions
With a correlation of 0.95, VESIX and MEURX 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.
VESIX has higher volatility (5.02%) compared to MEURX (3.57%). In terms of maximum drawdown, VESIX dropped -63.25% vs MEURX's -43.16%.
VESIX currently has the higher Sharpe Ratio (1.36 vs 1.27), 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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