VEUPX vs. BBEU

Last updated Aug 4, 2026

VEUPX (Vanguard European Stock Index Fund Institutional Plus Shares) and BBEU (JPMorgan BetaBuilders Europe ETF) are both Europe Equities funds. Over the past 5 years, VEUPX returned 9.33%/yr vs 9.68%/yr for BBEU. Their 0.98 correlation means they have historically moved very closely together. VEUPX charges 0.07%/yr vs 0.09%/yr for BBEU.

Performance

VEUPX vs. BBEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard European Stock Index Fund Institutional Plus Shares (VEUPX) and JPMorgan BetaBuilders Europe ETF (BBEU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with VEUPX having a 10.44% return and BBEU slightly higher at 10.57%.

VEUPX

• 1D: -0.56%
• 1M: 1.33%
• 6M: 4.72%
• YTD: 10.44%
• 1Y: 24.10%
• 3Y*: 16.65%
• 5Y*: 9.33%
• 10Y*: 10.04%
• ALL TIME*: 7.60%

BBEU

• 1D: 0.37%
• 1M: 1.26%
• 6M: 4.94%
• YTD: 10.57%
• 1Y: 25.20%
• 3Y*: 17.74%
• 5Y*: 9.68%
• 10Y*: —
• ALL TIME*: 9.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BBEU JPMorgan BetaBuilders Europe ETF	$15.59M	$17.15M	$27.91M
VEUPX Vanguard European Stock Index Fund Institutional Plus Shares	$0.00	$0.00	$0.00

VEUPX vs. BBEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VEUPX Vanguard European Stock Index Fund Institutional Plus Shares	10.44%	35.46%	2.04%	20.01%	-16.03%	16.31%	6.46%	24.25%	-14.31%
BBEU JPMorgan BetaBuilders Europe ETF	10.57%	36.37%	1.85%	20.31%	-14.72%	17.50%	5.00%	23.96%	-13.25%

Correlation

The correlation between VEUPX and BBEU is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (3Y) Balances recent behavior with more history.	0.98
Correlation (5Y) Shows whether the relationship held over a longer period.	0.99
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018	0.98

The correlation between VEUPX and BBEU has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.

Return for Risk

VEUPX vs. BBEU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VEUPX

VEUPX Risk / Return Rank: 52
VEUPX Sharpe Ratio Rank: 55
VEUPX Sortino Ratio Rank: 56
VEUPX Omega Ratio Rank: 50
VEUPX Calmar Ratio Rank: 49
VEUPX Martin Ratio Rank: 51

BBEU

BBEU Risk / Return Rank: 63
BBEU Sharpe Ratio Rank: 66
BBEU Sortino Ratio Rank: 67
BBEU Omega Ratio Rank: 63
BBEU Calmar Ratio Rank: 56
BBEU Martin Ratio Rank: 63

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VEUPX vs. BBEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard European Stock Index Fund Institutional Plus Shares (VEUPX) and JPMorgan BetaBuilders Europe ETF (BBEU). 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.

	VEUPX	BBEU	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.59	-0.07
Sortino ratio: Return per unit of downside risk	2.21	2.29	-0.08
Omega ratio: Gain probability vs. loss probability	1.27	1.28	-0.01
Calmar ratio: Return relative to maximum drawdown	1.99	2.07	-0.08
Martin ratio: Return relative to average drawdown	7.52	7.86	-0.34

VEUPX vs. BBEU - Sharpe Ratio Comparison

The current VEUPX Sharpe Ratio is 1.52, which is comparable to the BBEU Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of VEUPX and BBEU, 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

VEUPX vs. BBEU - Drawdown Comparison

The maximum VEUPX drawdown since its inception was -36.83%, roughly equal to the maximum BBEU drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for VEUPX and BBEU.

Drawdown Indicators

	VEUPX	BBEU	Difference
Max Drawdown Largest peak-to-trough decline	-36.83%	-36.27%	-0.56%
Max Drawdown (1Y) Largest decline over 1 year	-11.96%	-12.23%	+0.27%
Max Drawdown (3Y) Largest decline over 3 years	-13.96%	-14.23%	+0.27%
Max Drawdown (5Y) Largest decline over 5 years	-32.69%	-31.08%	-1.61%
Max Drawdown (10Y) Largest decline over 10 years	-36.83%	—	—
Current Drawdown Current decline from peak	-0.56%	-0.06%	-0.50%
Average Drawdown Average peak-to-trough decline	-8.31%	-6.04%	-2.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	3.22%	-0.06%

Volatility

VEUPX vs. BBEU - Volatility Comparison

Vanguard European Stock Index Fund Institutional Plus Shares (VEUPX) has a higher volatility of 4.20% compared to JPMorgan BetaBuilders Europe ETF (BBEU) at 3.99%. This indicates that VEUPX's price experiences larger fluctuations and is considered to be riskier than BBEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEUPX	BBEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	3.99%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	13.33%	13.84%	-0.51%
Volatility (1Y) Calculated over the trailing 1-year period	15.67%	15.94%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.44%	17.57%	-0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.77%	19.25%	-1.48%

VEUPX vs. BBEU - Expense Ratio Comparison

VEUPX has a 0.07% expense ratio, which is lower than BBEU's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VEUPX vs. BBEU - Dividend Comparison

VEUPX's dividend yield for the trailing twelve months is around 2.84%, less than BBEU's 2.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBEU JPMorgan BetaBuilders Europe ETF	2.87%	2.83%	4.16%	2.94%	4.72%	2.63%	2.29%	3.24%	0.49%	0.00%	0.00%	0.00%
VEUPX Vanguard European Stock Index Fund Institutional Plus Shares	2.84%	2.87%	3.61%	3.15%	3.26%	3.05%	2.11%	3.29%	3.96%	2.73%	3.54%	3.29%

Frequently Asked Questions

Can I hold both VEUPX and BBEU in my portfolio?

With a correlation of 0.98, VEUPX and BBEU 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.

Which is riskier, VEUPX or BBEU?

VEUPX has higher volatility (4.20%) compared to BBEU (3.99%). In terms of maximum drawdown, VEUPX dropped -36.83% vs BBEU's -36.27%.

Which has better risk-adjusted returns?

BBEU currently has the higher Sharpe Ratio (1.59 vs 1.52), 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.