VEURX vs. VGK
VEURX (Vanguard European Stock Index Fund) and VGK (Vanguard FTSE Europe ETF) are both Europe Equities funds from Vanguard. Over the past 10 years, VEURX returned 10.26%/yr vs 10.38%/yr for VGK. With a 0.97 correlation, they move nearly in lockstep. VEURX charges 0.25%/yr vs 0.06%/yr for VGK.
Performance
VEURX vs. VGK - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VEURX achieves a 7.48% return, which is significantly higher than VGK's 6.16% return. Both investments have delivered pretty close results over the past 10 years, with VEURX having a 10.26% annualized return and VGK not far ahead at 10.38%.
VEURX
- 1D
- 0.11%
- 1M
- 1.02%
- YTD
- 7.48%
- 6M
- 7.31%
- 1Y
- 20.41%
- 3Y*
- 17.00%
- 5Y*
- 8.92%
- 10Y*
- 10.26%
VGK
- 1D
- -1.24%
- 1M
- -0.13%
- YTD
- 6.16%
- 6M
- 6.16%
- 1Y
- 19.10%
- 3Y*
- 16.76%
- 5Y*
- 8.57%
- 10Y*
- 10.38%
VEURX vs. VGK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEURX Vanguard European Stock Index Fund | 7.48% | 35.20% | 1.88% | 19.83% | -16.16% | 16.14% | 6.29% | 24.02% | -14.88% | 26.81% |
VGK Vanguard FTSE Europe ETF | 6.16% | 35.83% | 1.88% | 20.19% | -15.98% | 16.89% | 5.43% | 24.85% | -14.89% | 26.98% |
Correlation
The correlation between VEURX and VGK is 0.98 - 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 | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2005 | 0.97 |
The correlation between VEURX and VGK has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VEURX vs. VGK — Risk / Return Rank
VEURX
VGK
VEURX vs. VGK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard European Stock Index Fund (VEURX) and Vanguard FTSE Europe ETF (VGK). 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 | VGK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.59 | +0.21 |
| Martin ratioReturn relative to average drawdown | 6.60 | 5.89 | +0.71 |
Loading charts...
Drawdowns
VEURX vs. VGK - Drawdown Comparison
The maximum VEURX drawdown since its inception was -63.33%, roughly equal to the maximum VGK drawdown of -63.61%. Use the drawdown chart below to compare losses from any high point for VEURX and VGK.
Loading charts...
Drawdown Indicators
| VEURX | VGK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.33% | -63.61% | +0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -11.97% | -12.09% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -13.97% | -14.31% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -32.81% | -32.74% | -0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -37.03% | -37.24% | +0.21% |
Current DrawdownCurrent decline from peak | -0.76% | -1.91% | +1.15% |
Average DrawdownAverage peak-to-trough decline | -12.65% | -13.31% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.25% | 0.00% |
Volatility
VEURX vs. VGK - Volatility Comparison
The current volatility for Vanguard European Stock Index Fund (VEURX) is 4.65%, while Vanguard FTSE Europe ETF (VGK) has a volatility of 4.96%. This indicates that VEURX experiences smaller price fluctuations and is considered to be less risky than VGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VEURX | VGK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 4.96% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 13.06% | 13.38% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.58% | 15.81% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 17.96% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 18.56% | -0.39% |
VEURX vs. VGK - Expense Ratio Comparison
VEURX has a 0.25% expense ratio, which is higher than VGK's 0.06% 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. VGK - Dividend Comparison
VEURX's dividend yield for the trailing twelve months is around 2.74%, less than VGK's 2.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEURX Vanguard European Stock Index Fund | 2.74% | 2.70% | 3.44% | 3.00% | 3.07% | 2.90% | 1.97% | 3.14% | 3.77% | 2.55% | 3.35% | 3.09% |
VGK Vanguard FTSE Europe ETF | 2.95% | 2.86% | 3.61% | 3.15% | 3.25% | 3.05% | 2.11% | 3.27% | 3.95% | 2.70% | 3.52% | 3.25% |
Frequently Asked Questions
With a correlation of 0.98, VEURX and VGK 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.
VGK has higher volatility (4.96%) compared to VEURX (4.65%). In terms of maximum drawdown, VEURX dropped -63.33% vs VGK's -63.61%.
VEURX currently has the higher Sharpe Ratio (1.38 vs 1.21), 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.
Find the right allocation for VEURX and VGK
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer