VEUA.L vs. OXLC

Last updated Jun 13, 2026

VEUA.L (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) is Europe Equities fund tracking the MSCI Europe NR EUR, while OXLC (Oxford Lane Capital Corp.) is a stock. Over the past 5 years, VEUA.L returned 10.11%/yr vs -6.90%/yr for OXLC. At a 0.21 correlation, their price movements are largely independent.

Performance

VEUA.L vs. OXLC - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L) and Oxford Lane Capital Corp. (OXLC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VEUA.L is traded in GBP, while OXLC is traded in USD. To make them comparable, the OXLC values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, VEUA.L achieves a 7.77% return, which is significantly higher than OXLC's -27.47% return.

VEUA.L

• 1D: 1.65%
• 1M: 3.69%
• YTD: 7.77%
• 6M: 9.55%
• 1Y: 19.76%
• 3Y*: 14.57%
• 5Y*: 10.11%
• 10Y*: —

OXLC

• 1D: -1.33%
• 1M: -7.71%
• YTD: -27.47%
• 6M: -21.37%
• 1Y: -41.37%
• 3Y*: -11.52%
• 5Y*: -6.90%
• 10Y*: 3.91%

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

VEUA.L vs. OXLC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VEUA.L Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating	7.77%	26.07%	4.49%	13.46%	-4.21%	16.83%	3.08%	-9.21%
OXLC Oxford Lane Capital Corp.	-27.47%	-29.76%	26.76%	10.70%	-15.13%	61.42%	-18.26%	-22.49%

Correlation

The correlation between VEUA.L and OXLC is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019	0.21

The correlation between VEUA.L and OXLC shifts across timeframes, from 0.06 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VEUA.L vs. OXLC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VEUA.L

VEUA.L Risk / Return Rank: 50
VEUA.L Sharpe Ratio Rank: 54
VEUA.L Sortino Ratio Rank: 53
VEUA.L Omega Ratio Rank: 56
VEUA.L Calmar Ratio Rank: 42
VEUA.L Martin Ratio Rank: 45

OXLC

OXLC Risk / Return Rank: 6
OXLC Sharpe Ratio Rank: 2
OXLC Sortino Ratio Rank: 4
OXLC Omega Ratio Rank: 4
OXLC Calmar Ratio Rank: 11
OXLC Martin Ratio Rank: 7

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.

VEUA.L vs. OXLC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L) and Oxford Lane Capital Corp. (OXLC). 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.

	VEUA.L	OXLC	Difference
Sharpe ratio: Return per unit of total volatility	1.60	-1.22	+2.82
Sortino ratio: Return per unit of downside risk	2.27	-1.71	+3.98
Omega ratio: Gain probability vs. loss probability	1.30	0.77	+0.53
Calmar ratio: Return relative to maximum drawdown	1.86	-0.81	+2.67
Martin ratio: Return relative to average drawdown	6.63	-1.47	+8.10

VEUA.L vs. OXLC - Sharpe Ratio Comparison

The current VEUA.L Sharpe Ratio is 1.60, which is higher than the OXLC Sharpe Ratio of -1.22. The chart below compares the historical Sharpe Ratios of VEUA.L and OXLC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VEUA.L vs. OXLC - Drawdown Comparison

The maximum VEUA.L drawdown since its inception was -33.39%, smaller than the maximum OXLC drawdown of -73.27%. Use the drawdown chart below to compare losses from any high point for VEUA.L and OXLC.

Drawdown Indicators

	VEUA.L	OXLC	Difference
Max Drawdown Largest peak-to-trough decline	-33.39%	-73.27%	+39.88%
Max Drawdown (1Y) Largest decline over 1 year	-10.58%	-51.10%	+40.52%
Max Drawdown (3Y) Largest decline over 3 years	-12.63%	-59.41%	+46.78%
Max Drawdown (5Y) Largest decline over 5 years	-16.36%	-59.41%	+43.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-73.27%	—
Current Drawdown Current decline from peak	-0.30%	-51.49%	+51.19%
Average Drawdown Average peak-to-trough decline	-6.10%	-13.92%	+7.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	28.18%	-25.21%

Volatility

VEUA.L vs. OXLC - Volatility Comparison

The current volatility for Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L) is 3.55%, while Oxford Lane Capital Corp. (OXLC) has a volatility of 6.08%. This indicates that VEUA.L experiences smaller price fluctuations and is considered to be less risky than OXLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEUA.L	OXLC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	6.08%	-2.53%
Volatility (6M) Calculated over the trailing 6-month period	10.41%	26.63%	-16.22%
Volatility (1Y) Calculated over the trailing 1-year period	12.29%	34.00%	-21.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.85%	25.87%	-10.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.67%	42.45%	-24.78%

Dividends

VEUA.L vs. OXLC - Dividend Comparison

VEUA.L has not paid dividends to shareholders, while OXLC's dividend yield for the trailing twelve months is around 50.72%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OXLC Oxford Lane Capital Corp.	50.72%	35.86%	20.12%	18.83%	17.75%	10.51%	22.46%	19.85%	16.70%	17.91%	22.84%	24.10%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VEUA.L and OXLC in my portfolio?

VEUA.L and OXLC have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.