VEUPX vs. PRESX
VEUPX (Vanguard European Stock Index Fund Institutional Plus Shares) and PRESX (T. Rowe Price European Stock Fund) are both Europe Equities funds. Over the past 10 years, VEUPX returned 10.45%/yr vs 8.15%/yr for PRESX. With a 0.96 correlation, they move nearly in lockstep. VEUPX charges 0.07%/yr vs 1.03%/yr for PRESX.
Performance
VEUPX vs. PRESX - Performance Comparison
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Returns By Period
In the year-to-date period, VEUPX achieves a 7.57% return, which is significantly higher than PRESX's 5.15% return. Over the past 10 years, VEUPX has outperformed PRESX with an annualized return of 10.45%, while PRESX has yielded a comparatively lower 8.15% annualized return.
VEUPX
- 1D
- 0.11%
- 1M
- 1.05%
- YTD
- 7.57%
- 6M
- 7.42%
- 1Y
- 20.65%
- 3Y*
- 17.20%
- 5Y*
- 9.10%
- 10Y*
- 10.45%
PRESX
- 1D
- -0.34%
- 1M
- 1.35%
- YTD
- 5.15%
- 6M
- 5.27%
- 1Y
- 10.55%
- 3Y*
- 11.24%
- 5Y*
- 4.43%
- 10Y*
- 8.15%
VEUPX vs. PRESX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEUPX Vanguard European Stock Index Fund Institutional Plus Shares | 7.57% | 35.46% | 2.04% | 20.01% | -16.03% | 16.31% | 6.46% | 24.25% | -14.77% | 27.12% |
PRESX T. Rowe Price European Stock Fund | 5.15% | 21.46% | 1.83% | 19.07% | -21.76% | 14.81% | 12.53% | 26.89% | -12.74% | 25.74% |
Correlation
The correlation between VEUPX and PRESX is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2010 | 0.96 |
The correlation between VEUPX and PRESX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
VEUPX vs. PRESX — Risk / Return Rank
VEUPX
PRESX
VEUPX vs. PRESX - 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 T. Rowe Price European Stock Fund (PRESX). 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 | PRESX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.66 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.14 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 0.92 | +0.90 |
| Martin ratioReturn relative to average drawdown | 6.69 | 3.07 | +3.62 |
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Drawdowns
VEUPX vs. PRESX - Drawdown Comparison
The maximum VEUPX drawdown since its inception was -36.83%, smaller than the maximum PRESX drawdown of -59.86%. Use the drawdown chart below to compare losses from any high point for VEUPX and PRESX.
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Drawdown Indicators
| VEUPX | PRESX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.83% | -59.86% | +23.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -12.69% | +0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -13.96% | -14.63% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -32.69% | -38.78% | +6.09% |
Max Drawdown (10Y)Largest decline over 10 years | -36.83% | -38.78% | +1.95% |
Current DrawdownCurrent decline from peak | -0.69% | -0.60% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -8.36% | -11.97% | +3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 3.77% | -0.54% |
Volatility
VEUPX vs. PRESX - Volatility Comparison
The current volatility for Vanguard European Stock Index Fund Institutional Plus Shares (VEUPX) is 4.66%, while T. Rowe Price European Stock Fund (PRESX) has a volatility of 5.14%. This indicates that VEUPX experiences smaller price fluctuations and is considered to be less risky than PRESX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEUPX | PRESX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | 5.14% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.07% | 13.20% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.59% | 15.94% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 17.99% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.18% | 17.89% | +0.29% |
VEUPX vs. PRESX - Expense Ratio Comparison
VEUPX has a 0.07% expense ratio, which is lower than PRESX's 1.03% expense ratio.
Dividends
VEUPX vs. PRESX - Dividend Comparison
VEUPX's dividend yield for the trailing twelve months is around 2.92%, less than PRESX's 10.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRESX T. Rowe Price European Stock Fund | 10.22% | 10.74% | 6.85% | 3.77% | 1.32% | 3.96% | 0.86% | 1.59% | 2.67% | 2.08% | 3.03% | 3.20% |
VEUPX Vanguard European Stock Index Fund Institutional Plus Shares | 2.92% | 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
With a correlation of 0.97, VEUPX and PRESX 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.
PRESX has higher volatility (5.14%) compared to VEUPX (4.66%). In terms of maximum drawdown, VEUPX dropped -36.83% vs PRESX's -59.86%.
VEUPX currently has the higher Sharpe Ratio (1.39 vs 0.73), 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.
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