VEUA.L vs. VYM

Last updated Jun 13, 2026

VEUA.L (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) and VYM (Vanguard High Dividend Yield ETF) are both exchange-traded funds - VEUA.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while VYM is a Dividend fund tracking the FTSE High Dividend Yield Index. Both are passively managed. Over the past 5 years, VEUA.L returned 10.11%/yr vs 12.74%/yr for VYM. At a 0.40 correlation, their price movements are largely independent. VEUA.L charges 0.10%/yr vs 0.04%/yr for VYM.

Performance

VEUA.L vs. VYM - 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 High Dividend Yield ETF (VYM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

VEUA.L is traded in GBP, while VYM is traded in USD. To make them comparable, the VYM 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 lower than VYM's 12.94% 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*: —

VYM

• 1D: 0.89%
• 1M: 3.92%
• YTD: 12.94%
• 6M: 10.91%
• 1Y: 26.67%
• 3Y*: 15.68%
• 5Y*: 12.74%
• 10Y*: 12.52%

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

VEUA.L vs. VYM - 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%
VYM Vanguard High Dividend Yield ETF	12.94%	7.20%	19.65%	1.25%	11.40%	27.39%	-1.83%	1.94%

Correlation

The correlation between VEUA.L and VYM is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jul 23, 2019	0.40

VEUA.L vs. VYM - Sectors Allocation Comparison

Sectors	VEUA.L	VYM
Financial Services	24.0%	20.5%
Industrials	19.7%	12.1%
Healthcare	12.9%	12.2%
Technology	8.5%	17.7%
Consumer Defensive	8.3%	8.1%
Consumer Cyclical	6.6%	6.7%
Basic Materials	5.6%	3.5%
Energy	5.3%	9.8%
Utilities	5.0%	5.7%
Communication Services	3.0%	3.5%
Real Estate	1.1%	0.0%

Return for Risk

VEUA.L vs. VYM — 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

VYM

VYM Risk / Return Rank: 83
VYM Sharpe Ratio Rank: 85
VYM Sortino Ratio Rank: 86
VYM Omega Ratio Rank: 83
VYM Calmar Ratio Rank: 81
VYM Martin Ratio Rank: 81

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. VYM - 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 High Dividend Yield ETF (VYM). 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	VYM	Difference
Sharpe ratio: Return per unit of total volatility	1.60	2.61	-1.01
Sortino ratio: Return per unit of downside risk	2.27	3.48	-1.20
Omega ratio: Gain probability vs. loss probability	1.30	1.46	-0.16
Calmar ratio: Return relative to maximum drawdown	1.86	4.96	-3.10
Martin ratio: Return relative to average drawdown	6.63	17.94	-11.31

VEUA.L vs. VYM - Sharpe Ratio Comparison

The current VEUA.L Sharpe Ratio is 1.60, which is lower than the VYM Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of VEUA.L and VYM, 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. VYM - Drawdown Comparison

The maximum VEUA.L drawdown since its inception was -33.39%, smaller than the maximum VYM drawdown of -38.23%. Use the drawdown chart below to compare losses from any high point for VEUA.L and VYM.

Drawdown Indicators

	VEUA.L	VYM	Difference
Max Drawdown Largest peak-to-trough decline	-33.39%	-38.23%	+4.84%
Max Drawdown (1Y) Largest decline over 1 year	-10.58%	-5.40%	-5.18%
Max Drawdown (3Y) Largest decline over 3 years	-12.63%	-17.47%	+4.84%
Max Drawdown (5Y) Largest decline over 5 years	-16.36%	-17.47%	+1.11%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.08%	—
Current Drawdown Current decline from peak	-0.30%	-0.06%	-0.24%
Average Drawdown Average peak-to-trough decline	-6.10%	-5.31%	-0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	1.49%	+1.48%

Volatility

VEUA.L vs. VYM - Volatility Comparison

Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L) has a higher volatility of 3.55% compared to Vanguard High Dividend Yield ETF (VYM) at 3.09%. This indicates that VEUA.L's price experiences larger fluctuations and is considered to be riskier than VYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEUA.L	VYM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.55%	3.09%	+0.46%
Volatility (6M) Calculated over the trailing 6-month period	10.41%	7.78%	+2.63%
Volatility (1Y) Calculated over the trailing 1-year period	12.29%	10.27%	+2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.85%	13.45%	+2.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.67%	16.77%	+0.90%

VEUA.L vs. VYM - Expense Ratio Comparison

VEUA.L has a 0.10% expense ratio, which is higher than VYM's 0.04% expense ratio. However, 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. VYM - Dividend Comparison

VEUA.L has not paid dividends to shareholders, while VYM's dividend yield for the trailing twelve months is around 2.19%.

Position	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%
VYM Vanguard High Dividend Yield ETF	2.19%	2.44%	2.74%	3.12%	3.01%	2.76%	3.18%	3.03%	3.40%	2.80%	2.91%	3.22%

Frequently Asked Questions

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

VEUA.L and VYM have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VEUA.L or VYM?

On fees, VYM is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VEUA.L or VYM?

VYM is cheaper with a 0.04% expense ratio, compared with 0.10% for VEUA.L.

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

VEUA.L is categorized as Europe Equities, while VYM is Dividend. VEUA.L tracks MSCI Europe NR EUR, while VYM tracks FTSE High Dividend Yield Index. Their fees differ too: 0.10% for VEUA.L and 0.04% for VYM.