VEUSX vs. CAEZX
VEUSX (Vanguard European Stock Index Fund Admiral Shares) and CAEZX (Columbia Acorn European Fund) are both Europe Equities funds. Over the past 10 years, VEUSX returned 9.61%/yr vs 8.64%/yr for CAEZX. Their correlation of 0.86 suggests significant overlap in exposure. VEUSX charges 0.10%/yr vs 1.19%/yr for CAEZX.
Performance
VEUSX vs. CAEZX - Performance Comparison
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Returns By Period
In the year-to-date period, VEUSX achieves a 7.44% return, which is significantly higher than CAEZX's 5.56% return. Over the past 10 years, VEUSX has outperformed CAEZX with an annualized return of 9.61%, while CAEZX has yielded a comparatively lower 8.64% annualized return.
VEUSX
- 1D
- 0.30%
- 1M
- 0.93%
- YTD
- 7.44%
- 6M
- 7.98%
- 1Y
- 21.42%
- 3Y*
- 15.89%
- 5Y*
- 9.21%
- 10Y*
- 9.61%
CAEZX
- 1D
- -0.08%
- 1M
- 0.14%
- YTD
- 5.56%
- 6M
- 5.86%
- 1Y
- 12.63%
- 3Y*
- 9.06%
- 5Y*
- 1.51%
- 10Y*
- 8.64%
VEUSX vs. CAEZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEUSX Vanguard European Stock Index Fund Admiral Shares | 7.44% | 35.41% | 2.01% | 19.99% | -16.06% | 16.28% | 6.43% | 24.22% | -14.81% | 27.04% |
CAEZX Columbia Acorn European Fund | 5.56% | 24.00% | -4.20% | 25.11% | -38.02% | 21.76% | 23.09% | 46.34% | -18.57% | 38.37% |
Correlation
The correlation between VEUSX and CAEZX is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Aug 18, 2011 | 0.86 |
The correlation between VEUSX and CAEZX has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.
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Return for Risk
VEUSX vs. CAEZX — Risk / Return Rank
VEUSX
CAEZX
VEUSX vs. CAEZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard European Stock Index Fund Admiral Shares (VEUSX) and Columbia Acorn European Fund (CAEZX). 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.
| VEUSX | CAEZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.15 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 0.87 | +0.89 |
| Martin ratioReturn relative to average drawdown | 6.50 | 3.17 | +3.33 |
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Drawdowns
VEUSX vs. CAEZX - Drawdown Comparison
The maximum VEUSX drawdown since its inception was -63.28%, which is greater than CAEZX's maximum drawdown of -50.98%. Use the drawdown chart below to compare losses from any high point for VEUSX and CAEZX.
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Drawdown Indicators
| VEUSX | CAEZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.28% | -50.98% | -12.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.97% | -14.38% | +2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -13.96% | -22.07% | +8.11% |
Max Drawdown (5Y)Largest decline over 5 years | -32.72% | -50.98% | +18.26% |
Max Drawdown (10Y)Largest decline over 10 years | -36.87% | -50.98% | +14.11% |
Current DrawdownCurrent decline from peak | -0.81% | -6.26% | +5.45% |
Average DrawdownAverage peak-to-trough decline | -12.93% | -11.50% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 3.95% | -0.71% |
Volatility
VEUSX vs. CAEZX - Volatility Comparison
Vanguard European Stock Index Fund Admiral Shares (VEUSX) and Columbia Acorn European Fund (CAEZX) have volatilities of 5.02% and 5.01%, 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
| VEUSX | CAEZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 5.01% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.08% | 13.85% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 16.18% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 21.84% | -4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.22% | 20.88% | -2.66% |
VEUSX vs. CAEZX - Expense Ratio Comparison
VEUSX has a 0.10% expense ratio, which is lower than CAEZX's 1.19% expense ratio.
Dividends
VEUSX vs. CAEZX - Dividend Comparison
VEUSX's dividend yield for the trailing twelve months is around 2.89%, less than CAEZX's 20.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAEZX Columbia Acorn European Fund | 20.30% | 20.97% | 2.67% | 0.84% | 0.00% | 0.40% | 0.45% | 1.04% | 0.77% | 1.26% | 1.10% | 1.57% |
VEUSX Vanguard European Stock Index Fund Admiral Shares | 2.89% | 2.84% | 3.58% | 3.13% | 3.22% | 3.02% | 2.08% | 3.26% | 3.92% | 2.70% | 3.52% | 3.24% |
Frequently Asked Questions
VEUSX and CAEZX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEUSX has higher volatility (5.02%) compared to CAEZX (5.01%). In terms of maximum drawdown, VEUSX dropped -63.28% vs CAEZX's -50.98%.
VEUSX currently has the higher Sharpe Ratio (1.35 vs 0.78), 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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