VEUA.L vs. SDUE.L

Last updated Jun 5, 2026

VEUA.L (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) and SDUE.L (iShares MSCI Europe ESG Screened UCITS ETF EUR (Dist)) are both Europe Equities funds tracking the MSCI Europe NR EUR, from Vanguard and iShares respectively. Both are passively managed. Over the past 5 years, VEUA.L returned 10.11%/yr vs 10.07%/yr for SDUE.L. With a 0.97 correlation, they move nearly in lockstep. VEUA.L charges 0.10%/yr vs 0.12%/yr for SDUE.L.

Performance

VEUA.L vs. SDUE.L - 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 iShares MSCI Europe ESG Screened UCITS ETF EUR (Dist) (SDUE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEUA.L achieves a 6.65% return, which is significantly higher than SDUE.L's 5.61% return.

VEUA.L

• 1D: 0.78%
• 1M: 1.10%
• YTD: 6.65%
• 6M: 8.94%
• 1Y: 19.39%
• 3Y*: 14.21%
• 5Y*: 10.11%
• 10Y*: —

SDUE.L

• 1D: -0.83%
• 1M: 3.24%
• YTD: 5.61%
• 6M: 7.90%
• 1Y: 18.40%
• 3Y*: 14.07%
• 5Y*: 10.07%
• 10Y*: —

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

VEUA.L vs. SDUE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VEUA.L Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating	6.65%	26.07%	4.49%	13.45%	-4.21%	16.83%	3.08%	1.97%
SDUE.L iShares MSCI Europe ESG Screened UCITS ETF EUR (Dist)	5.61%	25.09%	4.69%	15.67%	-5.45%	17.19%	4.26%	2.63%

Correlation

The correlation between VEUA.L and SDUE.L is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019	0.97

The correlation between VEUA.L and SDUE.L has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.

VEUA.L vs. SDUE.L - Sectors Allocation Comparison

Sectors	VEUA.L	SDUE.L
Financial Services	24.0%	27.0%
Industrials	19.7%	19.3%
Healthcare	12.9%	14.8%
Technology	8.5%	9.9%
Consumer Defensive	8.3%	4.8%
Consumer Cyclical	6.6%	5.9%
Basic Materials	5.6%	5.1%
Energy	5.3%	2.7%
Utilities	5.0%	5.5%
Communication Services	3.0%	4.0%
Real Estate	1.1%	0.9%

Return for Risk

VEUA.L vs. SDUE.L — 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: 45
VEUA.L Sharpe Ratio Rank: 47
VEUA.L Sortino Ratio Rank: 47
VEUA.L Omega Ratio Rank: 50
VEUA.L Calmar Ratio Rank: 38
VEUA.L Martin Ratio Rank: 42

SDUE.L

SDUE.L Risk / Return Rank: 41
SDUE.L Sharpe Ratio Rank: 43
SDUE.L Sortino Ratio Rank: 43
SDUE.L Omega Ratio Rank: 44
SDUE.L Calmar Ratio Rank: 35
SDUE.L Martin Ratio Rank: 40

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. SDUE.L - 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 iShares MSCI Europe ESG Screened UCITS ETF EUR (Dist) (SDUE.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.

	VEUA.L	SDUE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.50	+0.10
Sortino ratio: Return per unit of downside risk	2.26	2.16	+0.11
Omega ratio: Gain probability vs. loss probability	1.30	1.28	+0.02
Calmar ratio: Return relative to maximum drawdown	1.84	1.72	+0.12
Martin ratio: Return relative to average drawdown	6.57	6.13	+0.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEUA.L vs. SDUE.L - Sharpe Ratio Comparison

The current VEUA.L Sharpe Ratio is 1.60, which is comparable to the SDUE.L Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of VEUA.L and SDUE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VEUA.L	SDUE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.60	1.50	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.72	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.68	-0.07

Drawdowns

VEUA.L vs. SDUE.L - Drawdown Comparison

The maximum VEUA.L drawdown since its inception was -28.45%, roughly equal to the maximum SDUE.L drawdown of -27.99%. Use the drawdown chart below to compare losses from any high point for VEUA.L and SDUE.L.

Drawdown Indicators

	VEUA.L	SDUE.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.45%	-27.99%	-0.46%
Max Drawdown (1Y) Largest decline over 1 year	-10.59%	-11.10%	+0.51%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	-12.85%	+0.20%
Max Drawdown (5Y) Largest decline over 5 years	-16.36%	-17.27%	+0.91%
Current Drawdown Current decline from peak	-1.34%	-1.94%	+0.60%
Average Drawdown Average peak-to-trough decline	-4.11%	-3.83%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	3.11%	-0.14%

Volatility

VEUA.L vs. SDUE.L - Volatility Comparison

Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L) and iShares MSCI Europe ESG Screened UCITS ETF EUR (Dist) (SDUE.L) have volatilities of 4.10% and 4.30%, 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.

Volatility by Period

	VEUA.L	SDUE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	4.30%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	10.24%	10.72%	-0.48%
Volatility (1Y) Calculated over the trailing 1-year period	12.15%	12.70%	-0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.70%	14.05%	-0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.83%	15.74%	+0.09%

VEUA.L vs. SDUE.L - Expense Ratio Comparison

VEUA.L has a 0.10% expense ratio, which is lower than SDUE.L's 0.12% 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

VEUA.L vs. SDUE.L - Dividend Comparison

VEUA.L has not paid dividends to shareholders, while SDUE.L's dividend yield for the trailing twelve months is around 2.82%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SDUE.L iShares MSCI Europe ESG Screened UCITS ETF EUR (Dist)	2.82%	2.98%	3.47%	3.16%	3.24%	2.54%	2.03%	3.43%	0.19%
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%

Frequently Asked Questions

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

With a correlation of 0.98, VEUA.L and SDUE.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.

Which ETF is better, VEUA.L or SDUE.L?

On fees, VEUA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VEUA.L or SDUE.L?

VEUA.L is cheaper with a 0.10% expense ratio, compared with 0.12% for SDUE.L.

What is the main difference between VEUA.L and SDUE.L?

Both ETFs track MSCI Europe NR EUR. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VEUA.L and 0.12% for SDUE.L.