VEUR.L vs. ESIF.L

Last updated Jun 5, 2026

VEUR.L (Vanguard FTSE Developed Europe UCITS ETF Distributing) and ESIF.L (iShares MSCI Europe Financials Sector UCITS ETF) are both exchange-traded funds - VEUR.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while ESIF.L is a Financials Equities fund tracking the MSCI World/Financials NR USD. Both are passively managed. Over the past 5 years, VEUR.L returned 10.10%/yr vs 19.63%/yr for ESIF.L. Their correlation of 0.81 suggests significant overlap in exposure. VEUR.L charges 0.10%/yr vs 0.18%/yr for ESIF.L.

Performance

VEUR.L vs. ESIF.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE Developed Europe UCITS ETF Distributing (VEUR.L) and iShares MSCI Europe Financials Sector UCITS ETF (ESIF.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEUR.L achieves a 6.65% return, which is significantly higher than ESIF.L's 3.13% return.

VEUR.L

• 1D: 0.73%
• 1M: 3.41%
• YTD: 6.65%
• 6M: 9.00%
• 1Y: 19.50%
• 3Y*: 14.20%
• 5Y*: 10.10%
• 10Y*: 10.28%

ESIF.L

• 1D: 0.83%
• 1M: 3.69%
• YTD: 3.13%
• 6M: 9.24%
• 1Y: 25.77%
• 3Y*: 29.07%
• 5Y*: 19.63%
• 10Y*: —

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

VEUR.L vs. ESIF.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
VEUR.L Vanguard FTSE Developed Europe UCITS ETF Distributing	6.65%	26.00%	4.43%	13.51%	-4.33%	16.97%	3.60%
ESIF.L iShares MSCI Europe Financials Sector UCITS ETF	3.13%	54.55%	20.09%	18.81%	3.59%	20.48%	2.82%

Correlation

The correlation between VEUR.L and ESIF.L is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Nov 24, 2020	0.81

The correlation between VEUR.L and ESIF.L has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.

VEUR.L vs. ESIF.L - Sectors Allocation Comparison

Sectors	VEUR.L	ESIF.L
Financial Services	24.0%	96.9%
Industrials	19.7%	0.4%
Healthcare	12.9%	-
Technology	8.5%	1.0%
Consumer Defensive	8.3%	-
Consumer Cyclical	6.6%	0.2%
Basic Materials	5.6%	-
Energy	5.3%	-
Utilities	5.0%	-
Communication Services	3.0%	-
Real Estate	1.1%	-

Return for Risk

VEUR.L vs. ESIF.L — Risk / Return Rank

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

VEUR.L

VEUR.L Risk / Return Rank: 45
VEUR.L Sharpe Ratio Rank: 48
VEUR.L Sortino Ratio Rank: 47
VEUR.L Omega Ratio Rank: 50
VEUR.L Calmar Ratio Rank: 37
VEUR.L Martin Ratio Rank: 42

ESIF.L

ESIF.L Risk / Return Rank: 44
ESIF.L Sharpe Ratio Rank: 43
ESIF.L Sortino Ratio Rank: 43
ESIF.L Omega Ratio Rank: 42
ESIF.L Calmar Ratio Rank: 45
ESIF.L Martin Ratio Rank: 47

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.L vs. ESIF.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF Distributing (VEUR.L) and iShares MSCI Europe Financials Sector UCITS ETF (ESIF.L). 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.L	ESIF.L	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.50	+0.12
Sortino ratio: Return per unit of downside risk	2.29	2.13	+0.17
Omega ratio: Gain probability vs. loss probability	1.31	1.27	+0.04
Calmar ratio: Return relative to maximum drawdown	1.83	2.20	-0.36
Martin ratio: Return relative to average drawdown	6.55	7.65	-1.10
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.L vs. ESIF.L - Sharpe Ratio Comparison

The current VEUR.L Sharpe Ratio is 1.62, which is comparable to the ESIF.L Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of VEUR.L and ESIF.L, 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.L	ESIF.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	1.50	+0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	1.07	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	1.17	-0.53

Drawdowns

VEUR.L vs. ESIF.L - Drawdown Comparison

The maximum VEUR.L drawdown since its inception was -28.59%, which is greater than ESIF.L's maximum drawdown of -23.55%. Use the drawdown chart below to compare losses from any high point for VEUR.L and ESIF.L.

Drawdown Indicators

	VEUR.L	ESIF.L	Difference
Max Drawdown Largest peak-to-trough decline	-28.59%	-23.55%	-5.04%
Max Drawdown (1Y) Largest decline over 1 year	-10.59%	-11.68%	+1.09%
Max Drawdown (3Y) Largest decline over 3 years	-12.72%	-14.26%	+1.54%
Max Drawdown (5Y) Largest decline over 5 years	-16.38%	-23.55%	+7.17%
Max Drawdown (10Y) Largest decline over 10 years	-28.59%	—	—
Current Drawdown Current decline from peak	-1.39%	-1.84%	+0.45%
Average Drawdown Average peak-to-trough decline	-4.11%	-4.12%	+0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.97%	3.36%	-0.39%

Volatility

VEUR.L vs. ESIF.L - Volatility Comparison

The current volatility for Vanguard FTSE Developed Europe UCITS ETF Distributing (VEUR.L) is 3.94%, while iShares MSCI Europe Financials Sector UCITS ETF (ESIF.L) has a volatility of 5.32%. This indicates that VEUR.L experiences smaller price fluctuations and is considered to be less risky than ESIF.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEUR.L	ESIF.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	5.32%	-1.38%
Volatility (6M) Calculated over the trailing 6-month period	10.05%	14.15%	-4.10%
Volatility (1Y) Calculated over the trailing 1-year period	11.99%	17.09%	-5.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.77%	18.32%	-4.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.92%	18.22%	-3.30%

VEUR.L vs. ESIF.L - Expense Ratio Comparison

VEUR.L has a 0.10% expense ratio, which is lower than ESIF.L's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VEUR.L vs. ESIF.L - Dividend Comparison

VEUR.L's dividend yield for the trailing twelve months is around 2.59%, while ESIF.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESIF.L iShares MSCI Europe Financials Sector UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEUR.L Vanguard FTSE Developed Europe UCITS ETF Distributing	2.59%	2.75%	3.10%	2.96%	3.19%	2.71%	2.28%	3.35%	3.53%	3.05%	3.04%	3.06%

Frequently Asked Questions

Can I hold both VEUR.L and ESIF.L in my portfolio?

VEUR.L and ESIF.L have a correlation of 0.82, 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.L or ESIF.L?

On fees, VEUR.L 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.L or ESIF.L?

VEUR.L is cheaper with a 0.10% expense ratio, compared with 0.18% for ESIF.L.

What is the main difference between VEUR.L and ESIF.L?

VEUR.L is categorized as Europe Equities, while ESIF.L is Financials Equities. VEUR.L tracks MSCI Europe NR EUR, while ESIF.L tracks MSCI World/Financials NR USD. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VEUR.L and 0.18% for ESIF.L.