VEUR.MI vs. DBEU

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI) and Xtrackers MSCI Europe Hedged Equity Fund (DBEU).

VEUR.MI and DBEU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VEUR.MI is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed Europe Index. It was launched on May 21, 2013. DBEU is a passively managed fund by DWS that tracks the performance of the MSCI Europe US Dollar Hedged Index. It was launched on Oct 1, 2013. Both VEUR.MI and DBEU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VEUR.MI vs. DBEU - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI) and Xtrackers MSCI Europe Hedged Equity Fund (DBEU). The values are adjusted to include any dividend payments, if applicable.

VEUR.MI vs. DBEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF	1.23%	20.77%	9.08%	16.29%	-10.22%	25.16%	-2.48%	19.93%
DBEU Xtrackers MSCI Europe Hedged Equity Fund	4.04%	7.68%	16.38%	13.91%	-0.44%	33.27%	-9.55%	22.15%

Different Trading Currencies

VEUR.MI is traded in EUR, while DBEU is traded in USD. To make them comparable, the DBEU values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, VEUR.MI achieves a 1.23% return, which is significantly lower than DBEU's 4.04% return.

VEUR.MI

• 1D: 2.37%
• 1M: -3.94%
• YTD: 1.23%
• 6M: 6.57%
• 1Y: 13.65%
• 3Y*: 12.53%
• 5Y*: 9.86%
• 10Y*: —

DBEU

• 1D: 0.84%
• 1M: -2.70%
• YTD: 4.04%
• 6M: 8.66%
• 1Y: 8.63%
• 3Y*: 11.13%
• 5Y*: 11.65%
• 10Y*: 10.71%

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

VEUR.MI vs. DBEU - Expense Ratio Comparison

VEUR.MI has a 0.10% expense ratio, which is lower than DBEU's 0.45% expense ratio.

DBEU

Xtrackers MSCI Europe Hedged Equity Fund

VEUR.MI

Vanguard FTSE Developed Europe UCITS ETF

Return for Risk

VEUR.MI vs. DBEU — Risk / Return Rank

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

VEUR.MI

VEUR.MI Risk / Return Rank: 44
VEUR.MI Sharpe Ratio Rank: 47
VEUR.MI Sortino Ratio Rank: 41
VEUR.MI Omega Ratio Rank: 47
VEUR.MI Calmar Ratio Rank: 39
VEUR.MI Martin Ratio Rank: 44

DBEU

DBEU Risk / Return Rank: 53
DBEU Sharpe Ratio Rank: 52
DBEU Sortino Ratio Rank: 52
DBEU Omega Ratio Rank: 55
DBEU Calmar Ratio Rank: 51
DBEU Martin Ratio Rank: 56

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.MI vs. DBEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI) and Xtrackers MSCI Europe Hedged Equity Fund (DBEU). 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.MI	DBEU	Difference
Sharpe ratio Return per unit of total volatility	0.91	0.44	+0.47
Sortino ratio Return per unit of downside risk	1.24	0.73	+0.51
Omega ratio Gain probability vs. loss probability	1.19	1.11	+0.09
Calmar ratio Return relative to maximum drawdown	1.10	0.69	+0.41
Martin ratio Return relative to average drawdown	4.66	2.41	+2.25
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.MI vs. DBEU - Sharpe Ratio Comparison

The current VEUR.MI Sharpe Ratio is 0.91, which is higher than the DBEU Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of VEUR.MI and DBEU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VEUR.MI	DBEU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	0.44	+0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.79	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.57	+0.07

Correlation

The correlation between VEUR.MI and DBEU is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

VEUR.MI vs. DBEU - Dividend Comparison

VEUR.MI's dividend yield for the trailing twelve months is around 2.76%, less than DBEU's 4.44% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF	2.76%	2.79%	3.07%	3.00%	3.32%	2.66%	2.23%	3.24%	0.00%	0.00%	0.00%	0.00%
DBEU Xtrackers MSCI Europe Hedged Equity Fund	4.44%	4.55%	0.07%	3.64%	1.96%	1.87%	2.44%	2.77%	3.55%	2.28%	9.92%	5.50%

Drawdowns

VEUR.MI vs. DBEU - Drawdown Comparison

The maximum VEUR.MI drawdown since its inception was -35.22%, roughly equal to the maximum DBEU drawdown of -36.66%. Use the drawdown chart below to compare losses from any high point for VEUR.MI and DBEU.

Drawdown Indicators

	VEUR.MI	DBEU	Difference
Max Drawdown Largest peak-to-trough decline	-35.22%	-34.50%	-0.72%
Max Drawdown (1Y) Largest decline over 1 year	-12.41%	-12.05%	-0.36%
Max Drawdown (5Y) Largest decline over 5 years	-20.32%	-17.67%	-2.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.50%	—
Current Drawdown Current decline from peak	-5.59%	-5.11%	-0.48%
Average Drawdown Average peak-to-trough decline	-4.86%	-4.48%	-0.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	2.88%	+0.05%

Volatility

VEUR.MI vs. DBEU - Volatility Comparison

Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI) and Xtrackers MSCI Europe Hedged Equity Fund (DBEU) have volatilities of 5.72% and 5.61%, 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.

Volatility by Period

	VEUR.MI	DBEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.72%	5.61%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	9.16%	9.93%	-0.77%
Volatility (1Y) Calculated over the trailing 1-year period	15.02%	19.68%	-4.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.21%	14.86%	-0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.45%	17.76%	-1.31%