VEUAX vs. VEU
Compare and contrast key facts about JPMorgan Europe Dynamic Fund (VEUAX) and Vanguard FTSE All-World ex-US ETF (VEU).
VEUAX is managed by JPMorgan. It was launched on Nov 1, 1995. VEU is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World ex US Index. It was launched on Mar 2, 2007.
Performance
VEUAX vs. VEU - Performance Comparison
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VEUAX vs. VEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEUAX JPMorgan Europe Dynamic Fund | -3.96% | 41.51% | 3.48% | 18.19% | -15.39% | 17.68% | 8.45% | 21.51% | -18.69% | 22.26% |
VEU Vanguard FTSE All-World ex-US ETF | 2.25% | 32.35% | 5.56% | 15.84% | -15.58% | 8.27% | 11.10% | 21.83% | -14.18% | 27.40% |
Returns By Period
In the year-to-date period, VEUAX achieves a -3.96% return, which is significantly lower than VEU's 2.25% return. Over the past 10 years, VEUAX has underperformed VEU with an annualized return of 8.28%, while VEU has yielded a comparatively higher 9.02% annualized return.
VEUAX
- 1D
- 0.28%
- 1M
- -11.21%
- YTD
- -3.96%
- 6M
- 2.31%
- 1Y
- 19.43%
- 3Y*
- 14.85%
- 5Y*
- 9.18%
- 10Y*
- 8.28%
VEU
- 1D
- 3.23%
- 1M
- -8.07%
- YTD
- 2.25%
- 6M
- 7.22%
- 1Y
- 27.68%
- 3Y*
- 15.69%
- 5Y*
- 7.46%
- 10Y*
- 9.02%
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VEUAX vs. VEU - Expense Ratio Comparison
VEUAX has a 1.25% expense ratio, which is higher than VEU's 0.07% expense ratio.
Return for Risk
VEUAX vs. VEU — Risk / Return Rank
VEUAX
VEU
VEUAX vs. VEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Europe Dynamic Fund (VEUAX) and Vanguard FTSE All-World ex-US ETF (VEU). 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 | VEU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 1.62 | -0.55 |
Sortino ratioReturn per unit of downside risk | 1.49 | 2.23 | -0.74 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.33 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.36 | -0.90 |
Martin ratioReturn relative to average drawdown | 5.71 | 9.13 | -3.41 |
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
| VEUAX | VEU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 1.62 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.47 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.53 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.23 | +0.20 |
Correlation
The correlation between VEUAX and VEU is 0.90, 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
VEUAX vs. VEU - Dividend Comparison
VEUAX's dividend yield for the trailing twelve months is around 3.59%, more than VEU's 2.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEUAX JPMorgan Europe Dynamic Fund | 3.59% | 3.45% | 3.81% | 3.02% | 0.77% | 2.03% | 1.01% | 2.82% | 2.60% | 1.38% | 1.93% | 1.25% |
VEU Vanguard FTSE All-World ex-US ETF | 2.92% | 3.09% | 3.24% | 3.32% | 3.12% | 3.08% | 2.00% | 3.10% | 3.27% | 2.66% | 2.96% | 2.95% |
Drawdowns
VEUAX vs. VEU - Drawdown Comparison
The maximum VEUAX drawdown since its inception was -63.73%, roughly equal to the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for VEUAX and VEU.
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Drawdown Indicators
| VEUAX | VEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.73% | -61.52% | -2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -12.07% | -11.43% | -0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -30.94% | -29.31% | -1.63% |
Max Drawdown (10Y)Largest decline over 10 years | -44.64% | -34.98% | -9.66% |
Current DrawdownCurrent decline from peak | -11.76% | -8.57% | -3.19% |
Average DrawdownAverage peak-to-trough decline | -15.51% | -13.23% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.08% | 2.95% | +0.13% |
Volatility
VEUAX vs. VEU - Volatility Comparison
The current volatility for JPMorgan Europe Dynamic Fund (VEUAX) is 7.17%, while Vanguard FTSE All-World ex-US ETF (VEU) has a volatility of 8.23%. This indicates that VEUAX experiences smaller price fluctuations and is considered to be less risky than VEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEUAX | VEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.17% | 8.23% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 11.10% | 11.54% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.23% | 17.22% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.37% | 15.83% | +1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.70% | 17.13% | +1.57% |