VEURX vs. GC=F

Last updated Jun 13, 2026

VEURX (Vanguard European Stock Index Fund) is Europe Equities fund managed by Vanguard, while GC=F (Gold Futures) is an asset. At a correlation of -0.07, they often move in opposite directions.

Performance

VEURX vs. GC=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard European Stock Index Fund (VEURX) and Gold Futures (GC=F). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

GC=F

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VEURX vs. GC=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
VEURX Vanguard European Stock Index Fund	7.18%	35.20%	1.88%	19.83%	-11.38%
GC=F Gold Futures	0.00%	0.00%	0.00%	0.00%	5.84%

Correlation

The correlation between VEURX and GC=F is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022	-0.07

Return for Risk

VEURX vs. GC=F — Risk / Return Rank

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

VEURX

VEURX Risk / Return Rank: 27
VEURX Sharpe Ratio Rank: 26
VEURX Sortino Ratio Rank: 27
VEURX Omega Ratio Rank: 25
VEURX Calmar Ratio Rank: 26
VEURX Martin Ratio Rank: 29

GC=F

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. GC=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard European Stock Index Fund (VEURX) and Gold Futures (GC=F). 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	GC=F	Difference
Sharpe ratio: Return per unit of total volatility	1.16	—	—
Sortino ratio: Return per unit of downside risk	1.71	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.53	—	—
Martin ratio: Return relative to average drawdown	5.58	—	—

Drawdowns

Drawdown Indicators

	VEURX	GC=F	Difference
Max Drawdown Largest peak-to-trough decline	-63.33%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.97%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.97%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.03%	—	—
Current Drawdown Current decline from peak	-1.05%	—	—
Average Drawdown Average peak-to-trough decline	-12.66%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.27%	—	—

Volatility

Volatility by Period

	VEURX	GC=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.14%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.70%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.47%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.23%	—	—

Frequently Asked Questions

Can I hold both VEURX and GC=F in my portfolio?

VEURX and GC=F have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.