VEURX vs. EPP
VEURX (Vanguard European Stock Index Fund) and EPP (iShares MSCI Pacific ex Japan ETF) are both funds - VEURX is a Europe Equities fund managed by Vanguard, while EPP is a Asia Pacific Equities fund tracking the MSCI Pacific ex-Japan Index. Over the past 10 years, VEURX returned 9.81%/yr vs 7.79%/yr for EPP. A 0.75 correlation means they provide meaningful diversification when combined. VEURX charges 0.25%/yr vs 0.48%/yr for EPP.
Performance
VEURX vs. EPP - Performance Comparison
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Returns By Period
In the year-to-date period, VEURX achieves a 7.18% return, which is significantly lower than EPP's 8.62% return. Over the past 10 years, VEURX has outperformed EPP with an annualized return of 9.81%, while EPP has yielded a comparatively lower 7.79% annualized return.
VEURX
- 1D
- 2.88%
- 1M
- 3.81%
- YTD
- 7.18%
- 6M
- 9.34%
- 1Y
- 19.02%
- 3Y*
- 16.61%
- 5Y*
- 8.26%
- 10Y*
- 9.81%
EPP
- 1D
- 0.66%
- 1M
- -0.31%
- YTD
- 8.62%
- 6M
- 9.61%
- 1Y
- 15.65%
- 3Y*
- 12.24%
- 5Y*
- 4.53%
- 10Y*
- 7.79%
VEURX vs. EPP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEURX Vanguard European Stock Index Fund | 7.18% | 35.20% | 1.88% | 19.83% | -16.16% | 16.14% | 6.29% | 24.02% | -14.88% | 26.81% |
EPP iShares MSCI Pacific ex Japan ETF | 8.62% | 19.70% | 4.76% | 5.76% | -6.59% | 4.26% | 6.04% | 18.30% | -10.78% | 26.05% |
Correlation
The correlation between VEURX and EPP is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2001 | 0.75 |
The correlation between VEURX and EPP has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.
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Return for Risk
VEURX vs. EPP — Risk / Return Rank
VEURX
EPP
VEURX vs. EPP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard European Stock Index Fund (VEURX) and iShares MSCI Pacific ex Japan ETF (EPP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VEURX | EPP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.65 | -0.12 |
| Martin ratioReturn relative to average drawdown | 5.58 | 4.95 | +0.63 |
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Drawdowns
VEURX vs. EPP - Drawdown Comparison
The maximum VEURX drawdown since its inception was -63.33%, roughly equal to the maximum EPP drawdown of -66.01%. Use the drawdown chart below to compare losses from any high point for VEURX and EPP.
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Drawdown Indicators
| VEURX | EPP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.33% | -66.01% | +2.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.97% | -8.79% | -3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -13.97% | -19.29% | +5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -32.81% | -25.31% | -7.50% |
Max Drawdown (10Y)Largest decline over 10 years | -37.03% | -39.30% | +2.27% |
Current DrawdownCurrent decline from peak | -1.05% | -3.64% | +2.59% |
Average DrawdownAverage peak-to-trough decline | -12.66% | -10.61% | -2.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 2.93% | +0.34% |
Volatility
VEURX vs. EPP - Volatility Comparison
Vanguard European Stock Index Fund (VEURX) and iShares MSCI Pacific ex Japan ETF (EPP) have volatilities of 5.60% and 5.46%, 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
| VEURX | EPP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.60% | 5.46% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 13.14% | 12.74% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.70% | 15.18% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 17.51% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 19.14% | -0.91% |
VEURX vs. EPP - Expense Ratio Comparison
VEURX has a 0.25% expense ratio, which is lower than EPP's 0.48% expense ratio.
Dividends
VEURX vs. EPP - Dividend Comparison
VEURX's dividend yield for the trailing twelve months is around 2.62%, less than EPP's 3.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPP iShares MSCI Pacific ex Japan ETF | 3.47% | 3.77% | 3.81% | 4.10% | 4.37% | 4.58% | 2.28% | 3.89% | 5.00% | 4.15% | 3.96% | 4.90% |
VEURX Vanguard European Stock Index Fund | 2.62% | 2.70% | 3.44% | 3.00% | 3.07% | 2.90% | 1.97% | 3.14% | 3.77% | 2.55% | 3.35% | 3.09% |
Frequently Asked Questions
VEURX and EPP have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEURX has higher volatility (5.60%) compared to EPP (5.46%). In terms of maximum drawdown, VEURX dropped -63.33% vs EPP's -66.01%.
VEURX currently has the higher Sharpe Ratio (1.16 vs 0.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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