VEUSX vs. SPY
Compare and contrast key facts about Vanguard European Stock Index Fund Admiral Shares (VEUSX) and State Street SPDR S&P 500 ETF (SPY).
VEUSX is managed by Vanguard. It was launched on Aug 13, 2001. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
VEUSX vs. SPY - Performance Comparison
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VEUSX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEUSX Vanguard European Stock Index Fund Admiral Shares | -1.01% | 35.41% | 2.01% | 19.99% | -16.06% | 16.28% | 6.43% | 24.22% | -14.81% | 27.04% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, VEUSX achieves a -1.01% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, VEUSX has underperformed SPY with an annualized return of 8.91%, while SPY has yielded a comparatively higher 14.06% annualized return.
VEUSX
- 1D
- 2.98%
- 1M
- -6.28%
- YTD
- -1.01%
- 6M
- 3.46%
- 1Y
- 20.78%
- 3Y*
- 14.25%
- 5Y*
- 8.67%
- 10Y*
- 8.91%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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VEUSX vs. SPY - Expense Ratio Comparison
VEUSX has a 0.10% expense ratio, which is higher than SPY's 0.09% 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%.
Return for Risk
VEUSX vs. SPY — Risk / Return Rank
VEUSX
SPY
VEUSX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard European Stock Index Fund Admiral Shares (VEUSX) and State Street SPDR S&P 500 ETF (SPY). 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.
| VEUSX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.25 | 0.96 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.73 | 1.49 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.53 | +0.12 |
Martin ratioReturn relative to average drawdown | 6.31 | 7.27 | -0.96 |
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
| VEUSX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.96 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.51 | 0.70 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.79 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.56 | -0.26 |
Correlation
The correlation between VEUSX and SPY is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VEUSX vs. SPY - Dividend Comparison
VEUSX's dividend yield for the trailing twelve months is around 2.99%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEUSX Vanguard European Stock Index Fund Admiral Shares | 2.99% | 2.84% | 3.58% | 3.13% | 3.22% | 3.02% | 2.08% | 3.26% | 3.92% | 2.70% | 3.52% | 3.24% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
VEUSX vs. SPY - Drawdown Comparison
The maximum VEUSX drawdown since its inception was -63.28%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VEUSX and SPY.
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Drawdown Indicators
| VEUSX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.28% | -55.19% | -8.09% |
Max Drawdown (1Y)Largest decline over 1 year | -11.97% | -12.05% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -32.72% | -24.50% | -8.22% |
Max Drawdown (10Y)Largest decline over 10 years | -36.87% | -33.72% | -3.15% |
Current DrawdownCurrent decline from peak | -8.61% | -5.53% | -3.08% |
Average DrawdownAverage peak-to-trough decline | -13.02% | -9.09% | -3.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.54% | +0.59% |
Volatility
VEUSX vs. SPY - Volatility Comparison
Vanguard European Stock Index Fund Admiral Shares (VEUSX) has a higher volatility of 7.49% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that VEUSX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEUSX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.49% | 5.35% | +2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 10.99% | 9.50% | +1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.95% | 19.06% | -2.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.20% | 17.06% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.15% | 17.92% | +0.23% |