VEURX vs. FLGB

Last updated Jun 26, 2026

VEURX (Vanguard European Stock Index Fund) and FLGB (Franklin FTSE United Kingdom ETF) are both Europe Equities funds. Over the past 5 years, VEURX returned 8.30%/yr vs 10.95%/yr for FLGB. Their correlation of 0.87 suggests significant overlap in exposure. VEURX charges 0.25%/yr vs 0.09%/yr for FLGB.

Performance

VEURX vs. FLGB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard European Stock Index Fund (VEURX) and Franklin FTSE United Kingdom ETF (FLGB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with VEURX having a 5.78% return and FLGB slightly lower at 5.63%.

VEURX

• 1D: -0.24%
• 1M: -1.57%
• YTD: 5.78%
• 6M: 5.59%
• 1Y: 17.63%
• 3Y*: 16.38%
• 5Y*: 8.30%
• 10Y*: 10.09%

FLGB

• 1D: 1.13%
• 1M: -1.46%
• YTD: 5.63%
• 6M: 5.82%
• 1Y: 20.03%
• 3Y*: 17.75%
• 5Y*: 10.95%
• 10Y*: —

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

VEURX vs. FLGB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEURX Vanguard European Stock Index Fund	5.78%	35.20%	1.88%	19.83%	-16.16%	16.14%	6.29%	24.02%	-14.88%	1.65%
FLGB Franklin FTSE United Kingdom ETF	5.63%	33.73%	8.77%	14.33%	-6.00%	17.14%	-9.47%	23.23%	-11.60%	1.12%

Correlation

The correlation between VEURX and FLGB is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.87

The correlation between VEURX and FLGB has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.

Return for Risk

VEURX vs. FLGB — Risk / Return Rank

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

VEURX

VEURX Risk / Return Rank: 23
VEURX Sharpe Ratio Rank: 22
VEURX Sortino Ratio Rank: 22
VEURX Omega Ratio Rank: 22
VEURX Calmar Ratio Rank: 22
VEURX Martin Ratio Rank: 26

FLGB

FLGB Risk / Return Rank: 45
FLGB Sharpe Ratio Rank: 45
FLGB Sortino Ratio Rank: 45
FLGB Omega Ratio Rank: 42
FLGB Calmar Ratio Rank: 45
FLGB Martin Ratio Rank: 46

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.

VEURX vs. FLGB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard European Stock Index Fund (VEURX) and Franklin FTSE United Kingdom ETF (FLGB). 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	FLGB	Difference
Sharpe ratio: Return per unit of total volatility	1.10	1.39	-0.29
Sortino ratio: Return per unit of downside risk	1.63	2.01	-0.37
Omega ratio: Gain probability vs. loss probability	1.20	1.25	-0.05
Calmar ratio: Return relative to maximum drawdown	1.43	1.96	-0.53
Martin ratio: Return relative to average drawdown	5.26	6.73	-1.47

VEURX vs. FLGB - Sharpe Ratio Comparison

The current VEURX Sharpe Ratio is 1.10, which is comparable to the FLGB Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of VEURX and FLGB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VEURX vs. FLGB - Drawdown Comparison

The maximum VEURX drawdown since its inception was -63.33%, which is greater than FLGB's maximum drawdown of -42.61%. Use the drawdown chart below to compare losses from any high point for VEURX and FLGB.

Drawdown Indicators

	VEURX	FLGB	Difference
Max Drawdown Largest peak-to-trough decline	-63.33%	-42.61%	-20.72%
Max Drawdown (1Y) Largest decline over 1 year	-11.97%	-10.26%	-1.71%
Max Drawdown (3Y) Largest decline over 3 years	-13.97%	-13.13%	-0.84%
Max Drawdown (5Y) Largest decline over 5 years	-32.81%	-25.90%	-6.91%
Max Drawdown (10Y) Largest decline over 10 years	-37.03%	—	—
Current Drawdown Current decline from peak	-2.33%	-4.24%	+1.91%
Average Drawdown Average peak-to-trough decline	-12.65%	-6.67%	-5.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.25%	2.98%	+0.27%

Volatility

VEURX vs. FLGB - Volatility Comparison

Vanguard European Stock Index Fund (VEURX) has a higher volatility of 4.85% compared to Franklin FTSE United Kingdom ETF (FLGB) at 4.25%. This indicates that VEURX's price experiences larger fluctuations and is considered to be riskier than FLGB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEURX	FLGB	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	4.25%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	13.11%	12.38%	+0.73%
Volatility (1Y) Calculated over the trailing 1-year period	15.60%	14.49%	+1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.44%	16.64%	+0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.86%	18.95%	-1.09%

VEURX vs. FLGB - Expense Ratio Comparison

VEURX has a 0.25% expense ratio, which is higher than FLGB's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VEURX vs. FLGB - Dividend Comparison

VEURX's dividend yield for the trailing twelve months is around 2.79%, more than FLGB's 1.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLGB Franklin FTSE United Kingdom ETF	1.66%	3.50%	4.42%	3.95%	4.23%	2.93%	2.67%	4.30%	3.92%	0.43%	0.00%	0.00%
VEURX Vanguard European Stock Index Fund	2.79%	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

Can I hold both VEURX and FLGB in my portfolio?

VEURX and FLGB have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VEURX or FLGB?

VEURX has higher volatility (4.85%) compared to FLGB (4.25%). In terms of maximum drawdown, VEURX dropped -63.33% vs FLGB's -42.61%.

Which has better risk-adjusted returns?

FLGB currently has the higher Sharpe Ratio (1.39 vs 1.10), 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.