VEUSX vs. MEURX
VEUSX (Vanguard European Stock Index Fund Admiral Shares) and MEURX (Franklin Mutual European Fund) are both Europe Equities funds. Over the past 10 years, VEUSX returned 9.61%/yr vs 9.28%/yr for MEURX. Their correlation of 0.83 suggests significant overlap in exposure. VEUSX charges 0.10%/yr vs 1.00%/yr for MEURX.
Performance
VEUSX vs. MEURX - 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 MEURX's 2.29% return. Both investments have delivered pretty close results over the past 10 years, with VEUSX having a 9.61% annualized return and MEURX not far behind at 9.28%.
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%
MEURX
- 1D
- 0.03%
- 1M
- -1.12%
- YTD
- 2.29%
- 6M
- 2.51%
- 1Y
- 18.31%
- 3Y*
- 16.19%
- 5Y*
- 12.34%
- 10Y*
- 9.28%
VEUSX vs. MEURX - 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% |
MEURX Franklin Mutual European Fund | 2.29% | 39.96% | 3.67% | 16.68% | -0.68% | 16.48% | -6.22% | 22.28% | -11.13% | 10.45% |
Correlation
The correlation between VEUSX and MEURX is 0.94, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Aug 13, 2001 | 0.83 |
The correlation between VEUSX and MEURX shifts across timeframes, from 0.83 (all time) to 0.94 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VEUSX vs. MEURX — Risk / Return Rank
VEUSX
MEURX
VEUSX vs. MEURX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard European Stock Index Fund Admiral Shares (VEUSX) and Franklin Mutual European Fund (MEURX). 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 | MEURX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.61 | +0.15 |
| Martin ratioReturn relative to average drawdown | 6.50 | 5.28 | +1.22 |
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Drawdowns
VEUSX vs. MEURX - Drawdown Comparison
The maximum VEUSX drawdown since its inception was -63.28%, which is greater than MEURX's maximum drawdown of -43.16%. Use the drawdown chart below to compare losses from any high point for VEUSX and MEURX.
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Drawdown Indicators
| VEUSX | MEURX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.28% | -43.16% | -20.12% |
Max Drawdown (1Y)Largest decline over 1 year | -11.97% | -11.16% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -13.96% | -15.36% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -32.72% | -20.38% | -12.34% |
Max Drawdown (10Y)Largest decline over 10 years | -36.87% | -41.10% | +4.23% |
Current DrawdownCurrent decline from peak | -0.81% | -4.88% | +4.07% |
Average DrawdownAverage peak-to-trough decline | -12.93% | -7.65% | -5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 3.41% | -0.17% |
Volatility
VEUSX vs. MEURX - Volatility Comparison
Vanguard European Stock Index Fund Admiral Shares (VEUSX) has a higher volatility of 5.02% compared to Franklin Mutual European Fund (MEURX) at 3.57%. This indicates that VEUSX's price experiences larger fluctuations and is considered to be riskier than MEURX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEUSX | MEURX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 3.57% | +1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 13.08% | 11.34% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.57% | 14.18% | +1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 15.37% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.22% | 17.32% | +0.90% |
VEUSX vs. MEURX - Expense Ratio Comparison
VEUSX has a 0.10% expense ratio, which is lower than MEURX's 1.00% expense ratio.
Dividends
VEUSX vs. MEURX - Dividend Comparison
VEUSX's dividend yield for the trailing twelve months is around 2.89%, less than MEURX's 3.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEURX Franklin Mutual European Fund | 3.02% | 3.09% | 3.06% | 2.25% | 3.31% | 3.52% | 2.36% | 2.71% | 4.07% | 1.31% | 3.70% | 5.72% |
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
With a correlation of 0.94, VEUSX and MEURX 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.
VEUSX has higher volatility (5.02%) compared to MEURX (3.57%). In terms of maximum drawdown, VEUSX dropped -63.28% vs MEURX's -43.16%.
VEUSX currently has the higher Sharpe Ratio (1.35 vs 1.27), 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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