VEUA.L vs. VERX.AS

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L) and Vanguard FTSE Developed Europe ex-UK UCITS ETF (VERX.AS).

VEUA.L and VERX.AS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VEUA.L is a passively managed fund by Vanguard that tracks the performance of the MSCI Europe NR EUR. It was launched on Jul 23, 2019. VERX.AS is a passively managed fund by Vanguard that tracks the performance of the MSCI Europe Ex UK NR EUR. It was launched on Sep 30, 2014. Both VEUA.L and VERX.AS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VEUA.L vs. VERX.AS - 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 Vanguard FTSE Developed Europe ex-UK UCITS ETF (VERX.AS). The values are adjusted to include any dividend payments, if applicable.

VEUA.L vs. VERX.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VEUA.L Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating	1.35%	26.07%	4.49%	13.45%	-4.21%	16.83%	3.08%	1.97%
VERX.AS Vanguard FTSE Developed Europe ex-UK UCITS ETF	0.68%	27.11%	2.18%	16.13%	-8.49%	17.52%	8.42%	0.91%

Different Trading Currencies

VEUA.L is traded in GBP, while VERX.AS is traded in EUR. To make them comparable, the VERX.AS 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 1.35% return, which is significantly higher than VERX.AS's 0.68% return.

VEUA.L

• 1D: 1.86%
• 1M: -4.18%
• YTD: 1.35%
• 6M: 6.81%
• 1Y: 18.48%
• 3Y*: 12.27%
• 5Y*: 10.39%
• 10Y*: —

VERX.AS

• 1D: 2.75%
• 1M: -3.91%
• YTD: 0.68%
• 6M: 5.90%
• 1Y: 17.63%
• 3Y*: 11.60%
• 5Y*: 9.60%
• 10Y*: 10.34%

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

VEUA.L vs. VERX.AS - Expense Ratio Comparison

Both VEUA.L and VERX.AS have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

VEUA.L

Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating

VERX.AS

Vanguard FTSE Developed Europe ex-UK UCITS ETF

Return for Risk

VEUA.L vs. VERX.AS — 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: 70
VEUA.L Sharpe Ratio Rank: 75
VEUA.L Sortino Ratio Rank: 71
VEUA.L Omega Ratio Rank: 72
VEUA.L Calmar Ratio Rank: 68
VEUA.L Martin Ratio Rank: 65

VERX.AS

VERX.AS Risk / Return Rank: 53
VERX.AS Sharpe Ratio Rank: 40
VERX.AS Sortino Ratio Rank: 37
VERX.AS Omega Ratio Rank: 39
VERX.AS Calmar Ratio Rank: 76
VERX.AS Martin Ratio Rank: 76

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. VERX.AS - 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 Vanguard FTSE Developed Europe ex-UK UCITS ETF (VERX.AS). 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	VERX.AS	Difference
Sharpe ratio Return per unit of total volatility	1.40	1.14	+0.26
Sortino ratio Return per unit of downside risk	1.85	1.59	+0.26
Omega ratio Gain probability vs. loss probability	1.28	1.23	+0.05
Calmar ratio Return relative to maximum drawdown	1.80	2.30	-0.50
Martin ratio Return relative to average drawdown	6.96	9.20	-2.24
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. VERX.AS - Sharpe Ratio Comparison

The current VEUA.L Sharpe Ratio is 1.40, which is comparable to the VERX.AS Sharpe Ratio of 1.14. The chart below compares the historical Sharpe Ratios of VEUA.L and VERX.AS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VEUA.L	VERX.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	1.14	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.63	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.63	-0.06

Correlation

The correlation between VEUA.L and VERX.AS is 0.93, 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.

Dividends

VEUA.L vs. VERX.AS - Dividend Comparison

VEUA.L has not paid dividends to shareholders, while VERX.AS's dividend yield for the trailing twelve months is around 2.66%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VERX.AS Vanguard FTSE Developed Europe ex-UK UCITS ETF	2.66%	2.67%	2.91%	2.75%	3.05%	2.29%	1.96%	2.83%	3.20%	2.71%	2.81%	2.61%

Drawdowns

VEUA.L vs. VERX.AS - Drawdown Comparison

The maximum VEUA.L drawdown since its inception was -28.45%, roughly equal to the maximum VERX.AS drawdown of -27.31%. Use the drawdown chart below to compare losses from any high point for VEUA.L and VERX.AS.

Drawdown Indicators

	VEUA.L	VERX.AS	Difference
Max Drawdown Largest peak-to-trough decline	-28.45%	-34.59%	+6.14%
Max Drawdown (1Y) Largest decline over 1 year	-10.59%	-12.12%	+1.53%
Max Drawdown (5Y) Largest decline over 5 years	-16.36%	-22.89%	+6.53%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.59%	—
Current Drawdown Current decline from peak	-6.24%	-6.13%	-0.11%
Average Drawdown Average peak-to-trough decline	-4.13%	-5.78%	+1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	2.56%	+0.18%

Volatility

VEUA.L vs. VERX.AS - Volatility Comparison

Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L) and Vanguard FTSE Developed Europe ex-UK UCITS ETF (VERX.AS) have volatilities of 5.73% and 5.99%, 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	VERX.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.73%	5.99%	-0.26%
Volatility (6M) Calculated over the trailing 6-month period	9.17%	9.87%	-0.70%
Volatility (1Y) Calculated over the trailing 1-year period	13.14%	15.27%	-2.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.62%	14.89%	-1.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.84%	15.68%	+0.16%