VEUSX vs. VXUS

Last updated Jun 5, 2026

VEUSX (Vanguard European Stock Index Fund Admiral Shares) and VXUS (Vanguard Total International Stock ETF) are both funds - VEUSX is a Europe Equities fund managed by Vanguard, while VXUS is a Global Equities fund tracking the FTSE Global All Cap ex US Index. Over the past 10 years, VEUSX returned 9.24%/yr vs 9.69%/yr for VXUS. Their correlation of 0.92 suggests significant overlap in exposure. VEUSX charges 0.10%/yr vs 0.05%/yr for VXUS.

Performance

VEUSX vs. VXUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard European Stock Index Fund Admiral Shares (VEUSX) and Vanguard Total International Stock ETF (VXUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEUSX achieves a 5.74% return, which is significantly lower than VXUS's 14.45% return. Both investments have delivered pretty close results over the past 10 years, with VEUSX having a 9.24% annualized return and VXUS not far ahead at 9.69%.

VEUSX

• 1D: -1.25%
• 1M: 1.30%
• YTD: 5.74%
• 6M: 8.90%
• 1Y: 17.47%
• 3Y*: 16.38%
• 5Y*: 8.24%
• 10Y*: 9.24%

VXUS

• 1D: 0.17%
• 1M: 3.40%
• YTD: 14.45%
• 6M: 16.87%
• 1Y: 31.38%
• 3Y*: 19.55%
• 5Y*: 8.49%
• 10Y*: 9.69%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VEUSX vs. VXUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEUSX Vanguard European Stock Index Fund Admiral Shares	5.74%	35.41%	2.01%	19.99%	-16.06%	16.28%	6.43%	24.22%	-14.81%	27.04%
VXUS Vanguard Total International Stock ETF	14.45%	32.35%	5.08%	15.86%	-16.08%	8.98%	10.66%	21.75%	-14.43%	27.46%

Correlation

The correlation between VEUSX and VXUS is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 31, 2011	0.92

The correlation between VEUSX and VXUS has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.

VEUSX vs. VXUS - Sectors Allocation Comparison

Sectors	VEUSX	VXUS
Financial Services	23.9%	22.3%
Industrials	19.5%	16.1%
Healthcare	12.1%	7.1%
Consumer Defensive	8.5%	5.0%
Technology	8.3%	18.1%
Consumer Cyclical	6.8%	8.4%
Basic Materials	5.4%	7.6%
Energy	5.3%	5.2%
Utilities	4.8%	3.2%
Communication Services	3.3%	4.4%
Real Estate	1.5%	2.6%

Return for Risk

VEUSX vs. VXUS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VEUSX

VEUSX Risk / Return Rank: 18
VEUSX Sharpe Ratio Rank: 17
VEUSX Sortino Ratio Rank: 17
VEUSX Omega Ratio Rank: 17
VEUSX Calmar Ratio Rank: 18
VEUSX Martin Ratio Rank: 22

VXUS

VXUS Risk / Return Rank: 62
VXUS Sharpe Ratio Rank: 63
VXUS Sortino Ratio Rank: 62
VXUS Omega Ratio Rank: 64
VXUS Calmar Ratio Rank: 58
VXUS Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VEUSX vs. VXUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard European Stock Index Fund Admiral Shares (VEUSX) and Vanguard Total International Stock ETF (VXUS). 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	VXUS	Difference
Sharpe ratio: Return per unit of total volatility	1.20	2.08	-0.88
Sortino ratio: Return per unit of downside risk	1.75	2.85	-1.10
Omega ratio: Gain probability vs. loss probability	1.22	1.38	-0.16
Calmar ratio: Return relative to maximum drawdown	1.52	2.80	-1.27
Martin ratio: Return relative to average drawdown	5.62	10.92	-5.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEUSX vs. VXUS - Sharpe Ratio Comparison

The current VEUSX Sharpe Ratio is 1.20, which is lower than the VXUS Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of VEUSX and VXUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VEUSX	VXUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	2.08	-0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.53	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.57	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.39	-0.07

Drawdowns

VEUSX vs. VXUS - Drawdown Comparison

The maximum VEUSX drawdown since its inception was -63.28%, which is greater than VXUS's maximum drawdown of -35.97%. Use the drawdown chart below to compare losses from any high point for VEUSX and VXUS.

Drawdown Indicators

	VEUSX	VXUS	Difference
Max Drawdown Largest peak-to-trough decline	-63.28%	-35.97%	-27.31%
Max Drawdown (1Y) Largest decline over 1 year	-11.97%	-11.27%	-0.70%
Max Drawdown (3Y) Largest decline over 3 years	-13.96%	-13.58%	-0.38%
Max Drawdown (5Y) Largest decline over 5 years	-32.72%	-29.44%	-3.28%
Max Drawdown (10Y) Largest decline over 10 years	-36.87%	-35.97%	-0.90%
Current Drawdown Current decline from peak	-2.38%	-0.82%	-1.56%
Average Drawdown Average peak-to-trough decline	-12.95%	-8.22%	-4.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	2.88%	+0.36%

Volatility

VEUSX vs. VXUS - Volatility Comparison

Vanguard European Stock Index Fund Admiral Shares (VEUSX) and Vanguard Total International Stock ETF (VXUS) have volatilities of 5.39% and 5.46%, 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.

Volatility by Period

	VEUSX	VXUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	5.46%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	12.59%	13.00%	-0.41%
Volatility (1Y) Calculated over the trailing 1-year period	15.25%	15.20%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.39%	16.04%	+1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.24%	17.15%	+1.09%

VEUSX vs. VXUS - Expense Ratio Comparison

VEUSX has a 0.10% expense ratio, which is higher than VXUS's 0.05% 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

VEUSX vs. VXUS - Dividend Comparison

VEUSX's dividend yield for the trailing twelve months is around 2.80%, more than VXUS's 2.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VEUSX Vanguard European Stock Index Fund Admiral Shares	2.80%	2.84%	3.58%	3.13%	3.22%	3.02%	2.08%	3.26%	3.92%	2.70%	3.52%	3.24%
VXUS Vanguard Total International Stock ETF	2.65%	3.18%	3.37%	3.24%	3.09%	3.10%	2.14%	3.06%	3.18%	2.73%	2.93%	2.83%

Frequently Asked Questions

Can I hold both VEUSX and VXUS in my portfolio?

With a correlation of 0.91, VEUSX and VXUS 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.

Which is riskier, VEUSX or VXUS?

VXUS has higher volatility (5.46%) compared to VEUSX (5.39%). In terms of maximum drawdown, VEUSX dropped -63.28% vs VXUS's -35.97%.

Which has better risk-adjusted returns?

VXUS currently has the higher Sharpe Ratio (2.08 vs 1.20), 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.