VEUR.AS vs. EUN2.DE
VEUR.AS (Vanguard FTSE Developed Europe UCITS ETF) and EUN2.DE (iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)) are both Europe Equities funds - VEUR.AS tracks the MSCI Europe NR EUR while EUN2.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, VEUR.AS returned 9.23%/yr vs 10.53%/yr for EUN2.DE. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
VEUR.AS vs. EUN2.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with VEUR.AS having a 7.16% return and EUN2.DE slightly lower at 7.12%. Over the past 10 years, VEUR.AS has underperformed EUN2.DE with an annualized return of 9.23%, while EUN2.DE 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%
EUN2.DE
- 1D
- 0.76%
- 1M
- 4.55%
- YTD
- 7.12%
- 6M
- 8.58%
- 1Y
- 15.76%
- 3Y*
- 15.61%
- 5Y*
- 11.50%
- 10Y*
- 10.53%
VEUR.AS vs. EUN2.DE - 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% |
EUN2.DE iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) | 7.12% | 22.24% | 10.97% | 22.70% | -8.84% | 23.49% | -3.00% | 30.05% | -12.00% | 10.20% |
Correlation
The correlation between VEUR.AS and EUN2.DE 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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since May 22, 2013 | 0.89 |
The correlation between VEUR.AS and EUN2.DE has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
VEUR.AS vs. EUN2.DE — Risk / Return Rank
VEUR.AS
EUN2.DE
VEUR.AS vs. EUN2.DE - 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 Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUN2.DE). 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 | EUN2.DE | 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. | |||
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Sharpe Ratios by Period
| VEUR.AS | EUN2.DE | 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 | 0.17 | +0.36 |
Drawdowns
VEUR.AS vs. EUN2.DE - Drawdown Comparison
The maximum VEUR.AS drawdown since its inception was -35.63%, smaller than the maximum EUN2.DE drawdown of -65.11%. Use the drawdown chart below to compare losses from any high point for VEUR.AS and EUN2.DE.
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Drawdown Indicators
| VEUR.AS | EUN2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.63% | -65.11% | +29.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -10.98% | +1.39% |
Max Drawdown (3Y)Largest decline over 3 years | -16.41% | -16.46% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -20.19% | -23.30% | +3.11% |
Max Drawdown (10Y)Largest decline over 10 years | -35.63% | -38.35% | +2.72% |
Current DrawdownCurrent decline from peak | -1.62% | -0.57% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -19.35% | +14.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 3.24% | -0.69% |
Volatility
VEUR.AS vs. EUN2.DE - Volatility Comparison
The current volatility for Vanguard FTSE Developed Europe UCITS ETF (VEUR.AS) is 4.38%, while iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) (EUN2.DE) has a volatility of 4.96%. This indicates that VEUR.AS experiences smaller price fluctuations and is considered to be less risky than EUN2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEUR.AS | EUN2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 4.96% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 12.88% | -2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.81% | 15.93% | -3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 17.46% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 18.23% | -2.72% |
VEUR.AS vs. EUN2.DE - Expense Ratio Comparison
Both VEUR.AS and EUN2.DE 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. EUN2.DE - Dividend Comparison
VEUR.AS's dividend yield for the trailing twelve months is around 2.60%, more than EUN2.DE's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUN2.DE iShares Core EURO STOXX 50 UCITS ETF EUR (Dist) | 2.55% | 2.51% | 3.02% | 3.02% | 2.92% | 2.05% | 2.15% | 3.02% | 3.70% | 2.85% | 3.38% | 2.93% |
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 EUN2.DE 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 EUN2.DE have the same expense ratio: 0.10% per year.
VEUR.AS tracks MSCI Europe NR EUR, while EUN2.DE tracks EURO STOXX® 50. They also come from different issuers: Vanguard and iShares.
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