VEUAX vs. SEEGX

Last updated Jun 4, 2026

VEUAX (JPMorgan Europe Dynamic Fund) and SEEGX (JPMorgan Large Cap Growth Fund) are both mutual funds - VEUAX is a Europe Equities fund managed by JPMorgan, while SEEGX is a Large Cap Growth Equities fund managed by JPMorgan. Over the past 10 years, VEUAX returned 9.03%/yr vs 19.86%/yr for SEEGX. A 0.57 correlation means they provide meaningful diversification when combined. VEUAX charges 1.25%/yr vs 0.69%/yr for SEEGX.

Performance

VEUAX vs. SEEGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Europe Dynamic Fund (VEUAX) and JPMorgan Large Cap Growth Fund (SEEGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEUAX achieves a 5.17% return, which is significantly lower than SEEGX's 7.85% return. Over the past 10 years, VEUAX has underperformed SEEGX with an annualized return of 9.03%, while SEEGX has yielded a comparatively higher 19.86% annualized return.

VEUAX

• 1D: 0.16%
• 1M: 2.61%
• YTD: 5.17%
• 6M: 7.88%
• 1Y: 16.76%
• 3Y*: 18.68%
• 5Y*: 8.99%
• 10Y*: 9.03%

SEEGX

• 1D: 0.66%
• 1M: 6.70%
• YTD: 7.85%
• 6M: 6.50%
• 1Y: 21.53%
• 3Y*: 23.78%
• 5Y*: 13.72%
• 10Y*: 19.86%

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

VEUAX vs. SEEGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEUAX JPMorgan Europe Dynamic Fund	5.17%	41.51%	3.48%	18.19%	-15.39%	17.68%	8.45%	21.51%	-18.69%	22.26%
SEEGX JPMorgan Large Cap Growth Fund	7.85%	14.08%	35.14%	34.62%	-25.40%	18.17%	56.02%	39.13%	0.50%	38.03%

Correlation

The correlation between VEUAX and SEEGX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Nov 3, 1995	0.57

The correlation between VEUAX and SEEGX has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.

Return for Risk

VEUAX vs. SEEGX — Risk / Return Rank

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

VEUAX

VEUAX Risk / Return Rank: 14
VEUAX Sharpe Ratio Rank: 13
VEUAX Sortino Ratio Rank: 14
VEUAX Omega Ratio Rank: 13
VEUAX Calmar Ratio Rank: 14
VEUAX Martin Ratio Rank: 17

SEEGX

SEEGX Risk / Return Rank: 19
SEEGX Sharpe Ratio Rank: 25
SEEGX Sortino Ratio Rank: 22
SEEGX Omega Ratio Rank: 23
SEEGX Calmar Ratio Rank: 14
SEEGX Martin Ratio Rank: 13

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.

VEUAX vs. SEEGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Europe Dynamic Fund (VEUAX) and JPMorgan Large Cap Growth Fund (SEEGX). 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.

	VEUAX	SEEGX	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.42	-0.41
Sortino ratio: Return per unit of downside risk	1.51	1.96	-0.45
Omega ratio: Gain probability vs. loss probability	1.18	1.25	-0.07
Calmar ratio: Return relative to maximum drawdown	1.31	1.31	0.00
Martin ratio: Return relative to average drawdown	4.63	3.74	+0.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEUAX vs. SEEGX - Sharpe Ratio Comparison

The current VEUAX Sharpe Ratio is 1.01, which is comparable to the SEEGX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of VEUAX and SEEGX, 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

	VEUAX	SEEGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	1.42	-0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.68	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.92	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.57	-0.14

Drawdowns

VEUAX vs. SEEGX - Drawdown Comparison

The maximum VEUAX drawdown since its inception was -63.73%, roughly equal to the maximum SEEGX drawdown of -62.09%. Use the drawdown chart below to compare losses from any high point for VEUAX and SEEGX.

Drawdown Indicators

	VEUAX	SEEGX	Difference
Max Drawdown Largest peak-to-trough decline	-63.73%	-62.09%	-1.64%
Max Drawdown (1Y) Largest decline over 1 year	-12.07%	-16.82%	+4.75%
Max Drawdown (3Y) Largest decline over 3 years	-12.89%	-21.50%	+8.61%
Max Drawdown (5Y) Largest decline over 5 years	-30.94%	-31.23%	+0.29%
Max Drawdown (10Y) Largest decline over 10 years	-44.64%	-31.85%	-12.79%
Current Drawdown Current decline from peak	-3.37%	0.00%	-3.37%
Average Drawdown Average peak-to-trough decline	-15.45%	-16.90%	+1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.41%	5.89%	-2.48%

Volatility

VEUAX vs. SEEGX - Volatility Comparison

JPMorgan Europe Dynamic Fund (VEUAX) has a higher volatility of 5.59% compared to JPMorgan Large Cap Growth Fund (SEEGX) at 3.87%. This indicates that VEUAX's price experiences larger fluctuations and is considered to be riskier than SEEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEUAX	SEEGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.59%	3.87%	+1.72%
Volatility (6M) Calculated over the trailing 6-month period	13.15%	11.22%	+1.93%
Volatility (1Y) Calculated over the trailing 1-year period	15.77%	15.60%	+0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.57%	20.19%	-2.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.81%	21.60%	-2.79%

VEUAX vs. SEEGX - Expense Ratio Comparison

VEUAX has a 1.25% expense ratio, which is higher than SEEGX's 0.69% expense ratio.

Dividends

VEUAX vs. SEEGX - Dividend Comparison

VEUAX's dividend yield for the trailing twelve months is around 3.28%, less than SEEGX's 10.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SEEGX JPMorgan Large Cap Growth Fund	10.61%	11.44%	2.00%	0.12%	3.42%	14.92%	5.27%	12.85%	15.97%	14.79%	9.88%	4.49%
VEUAX JPMorgan Europe Dynamic Fund	3.28%	3.45%	3.81%	3.02%	0.77%	2.03%	1.01%	2.82%	2.60%	1.38%	1.93%	1.25%

Frequently Asked Questions

Can I hold both VEUAX and SEEGX in my portfolio?

VEUAX and SEEGX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VEUAX or SEEGX?

VEUAX has higher volatility (5.59%) compared to SEEGX (3.87%). In terms of maximum drawdown, VEUAX dropped -63.73% vs SEEGX's -62.09%.

Which has better risk-adjusted returns?

SEEGX currently has the higher Sharpe Ratio (1.42 vs 1.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.