VEURX vs. VZICX
VEURX (Vanguard European Stock Index Fund) and VZICX (Vanguard International Core Stock Fund Admiral Shares) are both mutual funds - VEURX is a Europe Equities fund managed by Vanguard, while VZICX is a Foreign Large Cap Equities fund managed by Vanguard. Over the past 5 years, VEURX returned 8.92%/yr vs 12.55%/yr for VZICX. Their correlation of 0.91 suggests significant overlap in exposure. VEURX charges 0.25%/yr vs 0.35%/yr for VZICX.
Performance
VEURX vs. VZICX - Performance Comparison
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Returns By Period
In the year-to-date period, VEURX achieves a 7.48% return, which is significantly lower than VZICX's 16.15% return.
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%
VZICX
- 1D
- 0.15%
- 1M
- 3.97%
- YTD
- 16.15%
- 6M
- 15.95%
- 1Y
- 37.18%
- 3Y*
- 23.80%
- 5Y*
- 12.55%
- 10Y*
- —
VEURX vs. VZICX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VEURX Vanguard European Stock Index Fund | 7.48% | 35.20% | 1.88% | 19.83% | -16.16% | 16.14% | 6.29% | 9.39% |
VZICX Vanguard International Core Stock Fund Admiral Shares | 16.15% | 38.55% | 8.74% | 14.35% | -10.62% | 11.85% | 9.23% | 7.37% |
Correlation
The correlation between VEURX and VZICX is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2019 | 0.91 |
The correlation between VEURX and VZICX has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
VEURX vs. VZICX — Risk / Return Rank
VEURX
VZICX
VEURX vs. VZICX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard European Stock Index Fund (VEURX) and Vanguard International Core Stock Fund Admiral Shares (VZICX). 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 | VZICX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.46 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 3.51 | -1.72 |
| Martin ratioReturn relative to average drawdown | 6.60 | 13.61 | -7.01 |
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Drawdowns
VEURX vs. VZICX - Drawdown Comparison
The maximum VEURX drawdown since its inception was -63.33%, which is greater than VZICX's maximum drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for VEURX and VZICX.
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Drawdown Indicators
| VEURX | VZICX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.33% | -34.37% | -28.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.97% | -10.81% | -1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -13.97% | -13.30% | -0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -32.81% | -24.89% | -7.92% |
Max Drawdown (10Y)Largest decline over 10 years | -37.03% | — | — |
Current DrawdownCurrent decline from peak | -0.76% | 0.00% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -12.65% | -5.67% | -6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 2.78% | +0.47% |
Volatility
VEURX vs. VZICX - Volatility Comparison
The current volatility for Vanguard European Stock Index Fund (VEURX) is 4.65%, while Vanguard International Core Stock Fund Admiral Shares (VZICX) has a volatility of 6.42%. This indicates that VEURX experiences smaller price fluctuations and is considered to be less risky than VZICX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEURX | VZICX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 6.42% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 13.06% | 13.41% | -0.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.58% | 15.63% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.44% | 15.47% | +1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 17.99% | +0.18% |
VEURX vs. VZICX - Expense Ratio Comparison
VEURX has a 0.25% expense ratio, which is lower than VZICX's 0.35% expense ratio.
Dividends
VEURX vs. VZICX - Dividend Comparison
VEURX's dividend yield for the trailing twelve months is around 2.74%, less than VZICX's 3.80% 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% |
VZICX Vanguard International Core Stock Fund Admiral Shares | 3.80% | 4.41% | 2.65% | 2.20% | 2.10% | 4.37% | 1.89% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VEURX and VZICX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VZICX has higher volatility (6.42%) compared to VEURX (4.65%). In terms of maximum drawdown, VEURX dropped -63.33% vs VZICX's -34.37%.
VZICX currently has the higher Sharpe Ratio (2.43 vs 1.38), 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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