VEUA.L vs. VEUR.MI
VEUA.L (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) and VEUR.MI (Vanguard FTSE Developed Europe UCITS ETF) are both Europe Equities funds from Vanguard - VEUA.L tracks the MSCI Europe NR EUR while VEUR.MI tracks the FTSE Developed Europe Index. Both are passively managed. Over the past 5 years, VEUA.L returned 10.11%/yr vs 10.04%/yr for VEUR.MI. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
VEUA.L vs. VEUR.MI - Performance Comparison
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Different Trading Currencies
VEUA.L is traded in GBP, while VEUR.MI is traded in EUR. To make them comparable, the VEUR.MI 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 6.65% return, which is significantly higher than VEUR.MI's 6.26% return.
VEUA.L
- 1D
- 0.78%
- 1M
- 3.51%
- YTD
- 6.65%
- 6M
- 9.00%
- 1Y
- 19.55%
- 3Y*
- 14.21%
- 5Y*
- 10.11%
- 10Y*
- —
VEUR.MI
- 1D
- 0.52%
- 1M
- 3.27%
- YTD
- 6.26%
- 6M
- 8.67%
- 1Y
- 19.30%
- 3Y*
- 14.19%
- 5Y*
- 10.04%
- 10Y*
- —
VEUA.L vs. VEUR.MI - 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% |
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF | 6.26% | 27.05% | 4.33% | 13.97% | -5.30% | 16.33% | 3.02% | 2.33% |
Correlation
The correlation between VEUA.L and VEUR.MI is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019 | 0.92 |
The correlation between VEUA.L and VEUR.MI has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
VEUA.L vs. VEUR.MI — Risk / Return Rank
VEUA.L
VEUR.MI
VEUA.L vs. VEUR.MI - 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 UCITS ETF (VEUR.MI). 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 | VEUR.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.83 | +0.01 |
| Martin ratioReturn relative to average drawdown | 6.57 | 6.57 | 0.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VEUA.L | VEUR.MI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 1.55 | +0.05 |
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. VEUR.MI - Drawdown Comparison
The maximum VEUA.L drawdown since its inception was -28.45%, roughly equal to the maximum VEUR.MI drawdown of -28.41%. Use the drawdown chart below to compare losses from any high point for VEUA.L and VEUR.MI.
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Drawdown Indicators
| VEUA.L | VEUR.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.45% | -28.41% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -10.59% | -10.54% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -12.65% | -13.80% | +1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -16.36% | -16.38% | +0.02% |
Current DrawdownCurrent decline from peak | -1.34% | -1.38% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -3.97% | -0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 2.94% | +0.03% |
Volatility
VEUA.L vs. VEUR.MI - Volatility Comparison
Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L) and Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI) have volatilities of 4.10% and 4.19%, 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.
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Volatility by Period
| VEUA.L | VEUR.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 4.19% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.24% | 10.53% | -0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.15% | 12.47% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.70% | 14.21% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.83% | 16.10% | -0.27% |
VEUA.L vs. VEUR.MI - Expense Ratio Comparison
Both VEUA.L and VEUR.MI 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%.
Dividends
VEUA.L vs. VEUR.MI - Dividend Comparison
VEUA.L has not paid dividends to shareholders, while VEUR.MI's dividend yield for the trailing twelve months is around 2.61%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF | 2.61% | 2.79% | 3.07% | 3.00% | 3.32% | 2.66% | 2.23% | 3.24% |
Frequently Asked Questions
With a correlation of 0.93, VEUA.L and VEUR.MI 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.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VEUA.L and VEUR.MI have the same expense ratio: 0.10% per year.
VEUA.L tracks MSCI Europe NR EUR, while VEUR.MI tracks FTSE Developed Europe Index.
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