VEUR.AS vs. VERX.AS
VEUR.AS (Vanguard FTSE Developed Europe UCITS ETF) and VERX.AS (Vanguard FTSE Developed Europe ex-UK UCITS ETF) are both Europe Equities funds from Vanguard - VEUR.AS tracks the MSCI Europe NR EUR while VERX.AS tracks the MSCI Europe Ex UK NR EUR. Both are passively managed. Over the past 10 years, VEUR.AS returned 9.23%/yr vs 9.69%/yr for VERX.AS. Their correlation of 0.93 suggests significant overlap in exposure. Both charge a 0.10% expense ratio.
Performance
VEUR.AS vs. VERX.AS - Performance Comparison
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Returns By Period
In the year-to-date period, VEUR.AS achieves a 7.16% return, which is significantly lower than VERX.AS's 7.73% return. Both investments have delivered pretty close results over the past 10 years, with VEUR.AS having a 9.23% annualized return and VERX.AS not far ahead at 9.69%.
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%
VERX.AS
- 1D
- 0.65%
- 1M
- 3.79%
- YTD
- 7.73%
- 6M
- 10.13%
- 1Y
- 15.93%
- 3Y*
- 13.68%
- 5Y*
- 9.30%
- 10Y*
- 9.69%
VEUR.AS vs. VERX.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% |
VERX.AS Vanguard FTSE Developed Europe ex-UK UCITS ETF | 7.73% | 20.65% | 7.05% | 18.49% | -12.99% | 24.93% | 2.62% | 26.48% | -10.05% | 12.01% |
Correlation
The correlation between VEUR.AS and VERX.AS 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 | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2014 | 0.93 |
The correlation between VEUR.AS and VERX.AS has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
VEUR.AS vs. VERX.AS — Risk / Return Rank
VEUR.AS
VERX.AS
VEUR.AS vs. VERX.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 Vanguard FTSE Developed Europe ex-UK UCITS ETF (VERX.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 | VERX.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.54 | +0.14 |
| Martin ratioReturn relative to average drawdown | 6.34 | 5.65 | +0.68 |
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 | VERX.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.17 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.62 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.61 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.59 | -0.06 |
Drawdowns
VEUR.AS vs. VERX.AS - Drawdown Comparison
The maximum VEUR.AS drawdown since its inception was -35.63%, roughly equal to the maximum VERX.AS drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for VEUR.AS and VERX.AS.
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Drawdown Indicators
| VEUR.AS | VERX.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.63% | -34.59% | -1.04% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -10.21% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -16.41% | -16.22% | -0.19% |
Max Drawdown (5Y)Largest decline over 5 years | -20.19% | -22.89% | +2.70% |
Max Drawdown (10Y)Largest decline over 10 years | -35.63% | -34.59% | -1.04% |
Current DrawdownCurrent decline from peak | -1.62% | -1.39% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -5.29% | -5.73% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.79% | -0.24% |
Volatility
VEUR.AS vs. VERX.AS - Volatility Comparison
Vanguard FTSE Developed Europe UCITS ETF (VEUR.AS) and Vanguard FTSE Developed Europe ex-UK UCITS ETF (VERX.AS) have volatilities of 4.38% and 4.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEUR.AS | VERX.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.38% | 4.34% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 10.62% | 11.06% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.81% | 13.49% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 14.86% | -0.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.51% | 15.73% | -0.22% |
VEUR.AS vs. VERX.AS - Expense Ratio Comparison
Both VEUR.AS and VERX.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. VERX.AS - Dividend Comparison
VEUR.AS's dividend yield for the trailing twelve months is around 2.60%, more than VERX.AS's 2.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VERX.AS Vanguard FTSE Developed Europe ex-UK UCITS ETF | 2.48% | 2.67% | 2.91% | 2.75% | 3.05% | 2.29% | 1.96% | 2.83% | 3.20% | 2.71% | 2.81% | 2.61% |
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 0.97, VEUR.AS and VERX.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 VERX.AS have the same expense ratio: 0.10% per year.
VEUR.AS tracks MSCI Europe NR EUR, while VERX.AS tracks MSCI Europe Ex UK NR EUR.
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