VEUR.AS vs. EUEA.AS
VEUR.AS (Vanguard FTSE Developed Europe UCITS ETF) and EUEA.AS (iShares EURO STOXX 50 UCITS ETF) are both Europe Equities funds - VEUR.AS tracks the MSCI Europe NR EUR while EUEA.AS tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, VEUR.AS returned 9.23%/yr vs 10.53%/yr for EUEA.AS. Their correlation of 0.95 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
VEUR.AS vs. EUEA.AS - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with VEUR.AS having a 7.16% return and EUEA.AS slightly higher at 7.45%. Over the past 10 years, VEUR.AS has underperformed EUEA.AS with an annualized return of 9.23%, while EUEA.AS has yielded a comparatively higher 10.53% 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%
EUEA.AS
- 1D
- 0.82%
- 1M
- 4.69%
- YTD
- 7.45%
- 6M
- 8.63%
- 1Y
- 15.80%
- 3Y*
- 15.60%
- 5Y*
- 11.52%
- 10Y*
- 10.53%
VEUR.AS vs. EUEA.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% |
EUEA.AS iShares EURO STOXX 50 UCITS ETF | 7.45% | 21.70% | 11.49% | 23.09% | -9.29% | 24.04% | -2.55% | 27.75% | -11.10% | 9.82% |
Correlation
The correlation between VEUR.AS and EUEA.AS is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since May 22, 2013 | 0.95 |
The correlation between VEUR.AS and EUEA.AS has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VEUR.AS vs. EUEA.AS — Risk / Return Rank
VEUR.AS
EUEA.AS
VEUR.AS vs. EUEA.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 50 UCITS ETF (EUEA.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 | EUEA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.18 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.43 | +0.25 |
| Martin ratioReturn relative to average drawdown | 6.34 | 4.86 | +1.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VEUR.AS | EUEA.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.99 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.65 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.57 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.12 | +0.40 |
Drawdowns
VEUR.AS vs. EUEA.AS - Drawdown Comparison
The maximum VEUR.AS drawdown since its inception was -35.63%, smaller than the maximum EUEA.AS drawdown of -62.53%. Use the drawdown chart below to compare losses from any high point for VEUR.AS and EUEA.AS.
Loading charts...
Drawdown Indicators
| VEUR.AS | EUEA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.63% | -62.53% | +26.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -10.91% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.41% | -16.32% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -20.19% | -23.35% | +3.16% |
Max Drawdown (10Y)Largest decline over 10 years | -35.63% | -38.22% | +2.59% |
Current DrawdownCurrent decline from peak | -1.62% | -0.49% | -1.13% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -24.30% | +19.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 3.22% | -0.67% |
Volatility
VEUR.AS vs. EUEA.AS - Volatility Comparison
The current volatility for Vanguard FTSE Developed Europe UCITS ETF (VEUR.AS) is 4.38%, while iShares EURO STOXX 50 UCITS ETF (EUEA.AS) has a volatility of 4.91%. This indicates that VEUR.AS experiences smaller price fluctuations and is considered to be less risky than EUEA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VEUR.AS | EUEA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 4.91% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 12.92% | -2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.81% | 15.80% | -2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 17.37% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 18.11% | -2.60% |
VEUR.AS vs. EUEA.AS - Expense Ratio Comparison
Both VEUR.AS and EUEA.AS have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VEUR.AS vs. EUEA.AS - Dividend Comparison
VEUR.AS's dividend yield for the trailing twelve months is around 2.60%, more than EUEA.AS's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUEA.AS iShares EURO STOXX 50 UCITS ETF | 2.55% | 2.52% | 3.01% | 3.02% | 2.94% | 2.05% | 2.16% | 3.05% | 3.67% | 2.85% | 3.38% | 2.96% |
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
With a correlation of 0.94, VEUR.AS and EUEA.AS 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.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
VEUR.AS and EUEA.AS have the same expense ratio: 0.10% per year.
VEUR.AS tracks MSCI Europe NR EUR, while EUEA.AS tracks MSCI EMU NR EUR. They also come from different issuers: Vanguard and iShares.
Find the right allocation for VEUR.AS and EUEA.AS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer