VEURX vs. VESIX
VEURX (Vanguard European Stock Index Fund) and VESIX (Vanguard European Stock Index Fund Institutional Shares) are both Europe Equities funds from Vanguard. Over the past 10 years, VEURX returned 9.09%/yr vs 9.26%/yr for VESIX. With a 1.00 correlation, they move nearly in lockstep. VEURX charges 0.25%/yr vs 0.08%/yr for VESIX.
Performance
VEURX vs. VESIX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VEURX having a 5.68% return and VESIX slightly higher at 5.77%. Both investments have delivered pretty close results over the past 10 years, with VEURX having a 9.09% annualized return and VESIX not far ahead at 9.26%.
VEURX
- 1D
- -1.25%
- 1M
- 1.29%
- YTD
- 5.68%
- 6M
- 8.81%
- 1Y
- 17.30%
- 3Y*
- 16.22%
- 5Y*
- 8.09%
- 10Y*
- 9.09%
VESIX
- 1D
- -1.24%
- 1M
- 1.32%
- YTD
- 5.77%
- 6M
- 8.92%
- 1Y
- 17.51%
- 3Y*
- 16.40%
- 5Y*
- 8.26%
- 10Y*
- 9.26%
VEURX vs. VESIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEURX Vanguard European Stock Index Fund | 5.68% | 35.20% | 1.88% | 19.83% | -16.16% | 16.14% | 6.29% | 24.02% | -14.88% | 26.81% |
VESIX Vanguard European Stock Index Fund Institutional Shares | 5.77% | 35.43% | 2.02% | 20.03% | -16.07% | 16.31% | 6.46% | 24.24% | -14.78% | 27.05% |
Correlation
The correlation between VEURX and VESIX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since May 16, 2000 | 1.00 |
The correlation between VEURX and VESIX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
VEURX vs. VESIX — Risk / Return Rank
VEURX
VESIX
VEURX vs. VESIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard European Stock Index Fund (VEURX) and Vanguard European Stock Index Fund Institutional Shares (VESIX). 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.
| VEURX | VESIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.52 | -0.02 |
| Martin ratioReturn relative to average drawdown | 5.55 | 5.62 | -0.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VEURX | VESIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 1.20 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.48 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.51 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.26 | +0.12 |
Drawdowns
VEURX vs. VESIX - Drawdown Comparison
The maximum VEURX drawdown since its inception was -63.33%, roughly equal to the maximum VESIX drawdown of -63.25%. Use the drawdown chart below to compare losses from any high point for VEURX and VESIX.
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Drawdown Indicators
| VEURX | VESIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.33% | -63.25% | -0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.97% | -11.96% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -13.97% | -13.94% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -32.81% | -32.68% | -0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -37.03% | -36.85% | -0.18% |
Current DrawdownCurrent decline from peak | -2.43% | -2.36% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -12.67% | -15.22% | +2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 3.23% | +0.01% |
Volatility
VEURX vs. VESIX - Volatility Comparison
Vanguard European Stock Index Fund (VEURX) and Vanguard European Stock Index Fund Institutional Shares (VESIX) have volatilities of 5.40% and 5.38%, 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 | VESIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 5.38% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 12.57% | 12.58% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.23% | 15.24% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.38% | 17.39% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.23% | 18.24% | -0.01% |
VEURX vs. VESIX - Expense Ratio Comparison
VEURX has a 0.25% expense ratio, which is higher than VESIX's 0.08% 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. VESIX - Dividend Comparison
VEURX's dividend yield for the trailing twelve months is around 2.65%, less than VESIX's 2.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VESIX Vanguard European Stock Index Fund Institutional Shares | 2.81% | 2.86% | 3.60% | 3.15% | 3.25% | 3.04% | 2.10% | 3.28% | 3.95% | 2.72% | 3.54% | 3.27% |
VEURX Vanguard European Stock Index Fund | 2.65% | 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
With a correlation of 1.00, VEURX and VESIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VEURX has higher volatility (5.40%) compared to VESIX (5.38%). In terms of maximum drawdown, VEURX dropped -63.33% vs VESIX's -63.25%.
VESIX currently has the higher Sharpe Ratio (1.20 vs 1.19), 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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