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VEU vs. VGK

Last updated Sep 21, 2023

Compare and contrast key facts about Vanguard FTSE All-World ex-US ETF (VEU) and Vanguard FTSE Europe ETF (VGK).

VEU and VGK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VEU is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World ex US Index. It was launched on Mar 2, 2007. VGK is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed Europe Index. It was launched on Mar 4, 2005. Both VEU and VGK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VEU or VGK.

Key characteristics


VEUVGK
YTD Return8.34%10.46%
1Y Return15.95%24.99%
5Y Return (Ann)3.30%4.12%
10Y Return (Ann)3.84%4.18%
Sharpe Ratio0.871.14
Daily Std Dev16.63%19.43%
Max Drawdown-61.52%-63.61%

Correlation

0.94
-1.001.00

The correlation between VEU and VGK is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

VEU vs. VGK - Performance Comparison

In the year-to-date period, VEU achieves a 8.34% return, which is significantly lower than VGK's 10.46% return. Over the past 10 years, VEU has underperformed VGK with an annualized return of 3.84%, while VGK has yielded a comparatively higher 4.18% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2.00%4.00%6.00%8.00%10.00%AprilMayJuneJulyAugustSeptember
4.75%
4.65%
VEU
VGK

Compare stocks, funds, or ETFs


Vanguard FTSE All-World ex-US ETF

Vanguard FTSE Europe ETF

VEU vs. VGK - Dividend Comparison

VEU's dividend yield for the trailing twelve months is around 3.08%, less than VGK's 3.30% yield.


TTM20222021202020192018201720162015201420132012
VEU
Vanguard FTSE All-World ex-US ETF
3.08%3.18%3.23%2.16%3.44%3.74%3.14%3.60%3.70%4.53%3.54%4.02%
VGK
Vanguard FTSE Europe ETF
3.30%3.34%3.24%2.32%3.68%4.60%3.26%4.36%4.18%6.12%3.82%4.29%

VEU vs. VGK - Expense Ratio Comparison

VEU has a 0.07% expense ratio, which is lower than VGK's 0.08% expense ratio.

0.08%
0.00%2.15%
0.07%
0.00%2.15%

VEU vs. VGK - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World ex-US ETF (VEU) and Vanguard FTSE Europe ETF (VGK). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
VEU
Vanguard FTSE All-World ex-US ETF
0.87
VGK
Vanguard FTSE Europe ETF
1.14

VEU vs. VGK - Sharpe Ratio Comparison

The current VEU Sharpe Ratio is 0.87, which roughly equals the VGK Sharpe Ratio of 1.14. The chart below compares the 12-month rolling Sharpe Ratio of VEU and VGK.


Rolling 12-month Sharpe Ratio0.000.501.00AprilMayJuneJulyAugustSeptember
0.87
1.14
VEU
VGK

VEU vs. VGK - Drawdown Comparison

The maximum VEU drawdown for the period was -15.78%, roughly equal to the maximum VGK drawdown of -12.88%. The drawdown chart below compares losses from any high point along the way for VEU and VGK


-16.00%-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%AprilMayJuneJulyAugustSeptember
-11.71%
-8.83%
VEU
VGK

VEU vs. VGK - Volatility Comparison

The current volatility for Vanguard FTSE All-World ex-US ETF (VEU) is 3.31%, while Vanguard FTSE Europe ETF (VGK) has a volatility of 3.73%. This indicates that VEU experiences smaller price fluctuations and is considered to be less risky than VGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%AprilMayJuneJulyAugustSeptember
3.31%
3.73%
VEU
VGK