VEUR.AS vs. DJSC.AS

Last updated Jun 5, 2026

VEUR.AS (Vanguard FTSE Developed Europe UCITS ETF) and DJSC.AS (iShares EURO STOXX Small UCITS ETF) are both Europe Equities funds - VEUR.AS tracks the MSCI Europe NR EUR while DJSC.AS tracks the MSCI EMU SMID NR EUR. Both are passively managed. Over the past 10 years, VEUR.AS returned 9.23%/yr vs 8.67%/yr for DJSC.AS. Their correlation of 0.88 suggests significant overlap in exposure. VEUR.AS charges 0.10%/yr vs 0.40%/yr for DJSC.AS.

Performance

VEUR.AS vs. DJSC.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE Developed Europe UCITS ETF (VEUR.AS) and iShares EURO STOXX Small UCITS ETF (DJSC.AS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEUR.AS achieves a 7.16% return, which is significantly lower than DJSC.AS's 9.15% return. Over the past 10 years, VEUR.AS has outperformed DJSC.AS with an annualized return of 9.23%, while DJSC.AS has yielded a comparatively lower 8.67% annualized return.

VEUR.AS

• 1D: 0.57%
• 1M: 3.20%
• YTD: 7.16%
• 6M: 9.88%
• 1Y: 16.32%
• 3Y*: 14.06%
• 5Y*: 9.93%
• 10Y*: 9.23%

DJSC.AS

• 1D: -0.28%
• 1M: 3.09%
• YTD: 9.15%
• 6M: 11.86%
• 1Y: 18.07%
• 3Y*: 10.59%
• 5Y*: 5.12%
• 10Y*: 8.67%

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

VEUR.AS vs. DJSC.AS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEUR.AS Vanguard FTSE Developed Europe UCITS ETF	7.16%	19.69%	10.27%	16.15%	-10.11%	25.55%	-2.72%	25.95%	-10.04%	10.80%
DJSC.AS iShares EURO STOXX Small UCITS ETF	9.15%	21.43%	-2.89%	12.25%	-14.19%	21.56%	8.54%	25.52%	-12.83%	22.19%

Correlation

The correlation between VEUR.AS and DJSC.AS is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since May 22, 2013	0.88

The correlation between VEUR.AS and DJSC.AS has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.

Return for Risk

VEUR.AS vs. DJSC.AS — Risk / Return Rank

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

VEUR.AS

VEUR.AS Risk / Return Rank: 37
VEUR.AS Sharpe Ratio Rank: 36
VEUR.AS Sortino Ratio Rank: 36
VEUR.AS Omega Ratio Rank: 36
VEUR.AS Calmar Ratio Rank: 35
VEUR.AS Martin Ratio Rank: 41

DJSC.AS

DJSC.AS Risk / Return Rank: 36
DJSC.AS Sharpe Ratio Rank: 37
DJSC.AS Sortino Ratio Rank: 37
DJSC.AS Omega Ratio Rank: 37
DJSC.AS Calmar Ratio Rank: 32
DJSC.AS Martin Ratio Rank: 38

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.

VEUR.AS vs. DJSC.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF (VEUR.AS) and iShares EURO STOXX Small UCITS ETF (DJSC.AS). 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.

	VEUR.AS	DJSC.AS	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.29	-0.03
Sortino ratio: Return per unit of downside risk	1.85	1.88	-0.03
Omega ratio: Gain probability vs. loss probability	1.24	1.24	0.00
Calmar ratio: Return relative to maximum drawdown	1.68	1.54	+0.14
Martin ratio: Return relative to average drawdown	6.34	5.94	+0.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEUR.AS vs. DJSC.AS - Sharpe Ratio Comparison

The current VEUR.AS Sharpe Ratio is 1.26, which is comparable to the DJSC.AS Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of VEUR.AS and DJSC.AS, 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

	VEUR.AS	DJSC.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	1.29	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.31	+0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.52	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.37	+0.16

Drawdowns

VEUR.AS vs. DJSC.AS - Drawdown Comparison

The maximum VEUR.AS drawdown since its inception was -35.63%, smaller than the maximum DJSC.AS drawdown of -63.04%. Use the drawdown chart below to compare losses from any high point for VEUR.AS and DJSC.AS.

Drawdown Indicators

	VEUR.AS	DJSC.AS	Difference
Max Drawdown Largest peak-to-trough decline	-35.63%	-63.04%	+27.41%
Max Drawdown (1Y) Largest decline over 1 year	-9.59%	-11.56%	+1.97%
Max Drawdown (3Y) Largest decline over 3 years	-16.41%	-16.05%	-0.36%
Max Drawdown (5Y) Largest decline over 5 years	-20.19%	-28.17%	+7.98%
Max Drawdown (10Y) Largest decline over 10 years	-35.63%	-35.90%	+0.27%
Current Drawdown Current decline from peak	-1.62%	-1.37%	-0.25%
Average Drawdown Average peak-to-trough decline	-5.29%	-13.33%	+8.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	3.01%	-0.46%

Volatility

VEUR.AS vs. DJSC.AS - Volatility Comparison

Vanguard FTSE Developed Europe UCITS ETF (VEUR.AS) has a higher volatility of 4.38% compared to iShares EURO STOXX Small UCITS ETF (DJSC.AS) at 3.86%. This indicates that VEUR.AS's price experiences larger fluctuations and is considered to be riskier than DJSC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEUR.AS	DJSC.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	3.86%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	10.62%	11.74%	-1.12%
Volatility (1Y) Calculated over the trailing 1-year period	12.81%	13.87%	-1.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.22%	16.21%	-1.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.51%	16.35%	-0.84%

VEUR.AS vs. DJSC.AS - Expense Ratio Comparison

VEUR.AS has a 0.10% expense ratio, which is lower than DJSC.AS's 0.40% expense ratio.

Dividends

VEUR.AS vs. DJSC.AS - Dividend Comparison

VEUR.AS's dividend yield for the trailing twelve months is around 2.60%, more than DJSC.AS's 2.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DJSC.AS iShares EURO STOXX Small UCITS ETF	2.40%	3.00%	2.66%	2.24%	2.22%	1.48%	1.20%	2.01%	2.48%	1.81%	2.10%	2.12%
VEUR.AS Vanguard FTSE Developed Europe UCITS ETF	2.60%	2.79%	3.04%	3.00%	3.32%	2.66%	2.24%	3.24%	3.62%	3.05%	3.19%	3.10%

Frequently Asked Questions

Can I hold both VEUR.AS and DJSC.AS in my portfolio?

VEUR.AS and DJSC.AS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VEUR.AS or DJSC.AS?

On fees, VEUR.AS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VEUR.AS or DJSC.AS?

VEUR.AS is cheaper with a 0.10% expense ratio, compared with 0.40% for DJSC.AS.

What is the main difference between VEUR.AS and DJSC.AS?

VEUR.AS tracks MSCI Europe NR EUR, while DJSC.AS tracks MSCI EMU SMID NR EUR. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VEUR.AS and 0.40% for DJSC.AS.