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VFIAX vs. VEUSX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VFIAX vs. VEUSX

Last updated Jul 23, 2026
Documentation

VFIAX (Vanguard 500 Index Fund Admiral Shares) and VEUSX (Vanguard European Stock Index Fund Admiral Shares) are both mutual funds - VFIAX is a S&P 500 fund tracking the S&P 500 Index, while VEUSX is a Europe Equities fund tracking the FTSE Developed Europe All Cap Index. Both are passively managed. Over the past 10 years, VFIAX returned 15.05%/yr vs 9.86%/yr for VEUSX. A 0.72 correlation means they provide meaningful diversification when combined. VFIAX charges 0.04%/yr vs 0.08%/yr for VEUSX.

Performance

VFIAX vs. VEUSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard 500 Index Fund Admiral Shares (VFIAX) and Vanguard European Stock Index Fund Admiral Shares (VEUSX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VFIAX achieves a 10.37% return, which is significantly higher than VEUSX's 8.20% return. Over the past 10 years, VFIAX has outperformed VEUSX with an annualized return of 15.05%, while VEUSX has yielded a comparatively lower 9.86% annualized return.

VFIAX

1D
0.89%
1M
0.55%
6M
9.82%
YTD
10.37%
1Y
20.38%
3Y*
19.84%
5Y*
13.01%
10Y*
15.05%
ALL TIME*
8.86%

VEUSX

1D
1.09%
1M
0.60%
6M
5.68%
YTD
8.20%
1Y
17.26%
3Y*
15.49%
5Y*
9.28%
10Y*
9.86%
ALL TIME*
6.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

VEUSX

Vanguard European Stock Index Fund Admiral Shares
$0.00$0.00$0.00

VFIAX

Vanguard 500 Index Fund Admiral Shares
$0.00$0.00$0.00

VFIAX vs. VEUSX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VFIAX
Vanguard 500 Index Fund Admiral Shares		10.37%17.83%24.97%26.24%-18.16%28.65%18.32%31.46%-4.45%21.78%
VEUSX
Vanguard European Stock Index Fund Admiral Shares		8.20%35.41%2.01%19.99%-16.06%16.28%6.43%24.22%-14.81%27.04%

Correlation

The correlation between VFIAX and VEUSX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.73

Correlation (3Y)
Calculated over the trailing 3-year period

0.66

Correlation (5Y)
Calculated over the trailing 5-year period

0.71

Correlation (10Y)
Calculated over the trailing 10-year period

0.72

Correlation (All Time)
Calculated using the full available price history since Aug 13, 2001

0.72

The correlation between VFIAX and VEUSX has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.

VFIAX vs. VEUSX - Sectors Allocation Comparison

Sectors
VFIAX
VEUSX

Technology

39.2%
9.4%

Financial Services

10.9%
23.5%

Communication Services

10.3%
3.1%

Consumer Cyclical

9.8%
7.1%

Healthcare

8.3%
12.4%

Industrials

7.4%
20.3%

Consumer Defensive

4.5%
7.7%

Energy

3.2%
5.0%

Utilities

2.5%
4.4%

Basic Materials

1.8%
5.6%

Real Estate

1.8%
1.6%

Technology

VFIAX
39.2%
VEUSX
9.4%

Financial Services

VFIAX
10.9%
VEUSX
23.5%

Communication Services

VFIAX
10.3%
VEUSX
3.1%

Consumer Cyclical

VFIAX
9.8%
VEUSX
7.1%

Healthcare

VFIAX
8.3%
VEUSX
12.4%

Industrials

VFIAX
7.4%
VEUSX
20.3%

Consumer Defensive

VFIAX
4.5%
VEUSX
7.7%

Energy

VFIAX
3.2%
VEUSX
5.0%

Utilities

VFIAX
2.5%
VEUSX
4.4%

Basic Materials

VFIAX
1.8%
VEUSX
5.6%

Real Estate

VFIAX
1.8%
VEUSX
1.6%

Compare stocks, funds, or ETFs

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Vanguard 500 Index Fund Admiral Shares

Vanguard European Stock Index Fund Admiral Shares

Often compared with VFIAX:
VFIAX vs. VOOVFIAX vs. VTIVFIAX vs. SPYVFIAX vs. VITAXVFIAX vs. VVIAXVFIAX vs. VFIFXVFIAX vs. VBIAX
Often compared with VEUSX:
VEUSX vs. VTIAXVEUSX vs. VOOVEUSX vs. VPLVEUSX vs. REREXVEUSX vs. VAIGXVEUSX vs. VIHAXVEUSX vs. VEIRX

Return for Risk

VFIAX vs. VEUSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VFIAX
VFIAX Risk / Return Rank: 6363
Overall Rank
VFIAX Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
VFIAX Sortino Ratio Rank: 5858
Sortino Ratio Rank
VFIAX Omega Ratio Rank: 5959
Omega Ratio Rank
VFIAX Calmar Ratio Rank: 6363
Calmar Ratio Rank
VFIAX Martin Ratio Rank: 7575
Martin Ratio Rank
VEUSX
VEUSX Risk / Return Rank: 3232
Overall Rank
VEUSX Sharpe Ratio Rank: 3232
Sharpe Ratio Rank
VEUSX Sortino Ratio Rank: 3333
Sortino Ratio Rank
VEUSX Omega Ratio Rank: 3131
Omega Ratio Rank
VEUSX Calmar Ratio Rank: 3030
Calmar Ratio Rank
VEUSX Martin Ratio Rank: 3434
Martin Ratio Rank
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.

VFIAX vs. VEUSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard 500 Index Fund Admiral Shares (VFIAX) and Vanguard European Stock Index Fund Admiral Shares (VEUSX). 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.

VFIAXVEUSXDifference
Sharpe ratioReturn per unit of total volatility
1.63
1.16

+0.47

Sortino ratioReturn per unit of downside risk
2.25
1.72

+0.53

Omega ratioGain probability vs. loss probability

1.29

1.21

+0.08

Calmar ratioReturn relative to maximum drawdown

2.31

1.53

+0.78

Martin ratioReturn relative to average drawdown

10.08

5.63

+4.45

VFIAX vs. VEUSX - Sharpe Ratio Comparison

The current VFIAX Sharpe Ratio is 1.63, which is higher than the VEUSX Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of VFIAX and VEUSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VFIAX vs. VEUSX - Drawdown Comparison

The maximum VFIAX drawdown since its inception was -55.20%, smaller than the maximum VEUSX drawdown of -63.28%. Use the drawdown chart below to compare losses from any high point for VFIAX and VEUSX.

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Drawdown Indicators

VFIAXVEUSXDifference

Max Drawdown

Largest peak-to-trough decline

-55.20%

-63.28%

+8.08%

Max Drawdown (1Y)

Largest decline over 1 year

-8.90%

-11.97%

+3.07%

Max Drawdown (3Y)

Largest decline over 3 years

-18.75%

-13.96%

-4.79%

Max Drawdown (5Y)

Largest decline over 5 years

-24.53%

-32.72%

+8.19%

Max Drawdown (10Y)

Largest decline over 10 years

-33.83%

-36.87%

+3.04%

Current Drawdown

Current decline from peak

-1.18%

-1.31%

+0.13%

Average Drawdown

Average peak-to-trough decline

-9.36%

-12.89%

+3.53%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.03%

3.25%

-1.22%

Volatility

VFIAX vs. VEUSX - Volatility Comparison

The current volatility for Vanguard 500 Index Fund Admiral Shares (VFIAX) is 3.07%, while Vanguard European Stock Index Fund Admiral Shares (VEUSX) has a volatility of 3.97%. This indicates that VFIAX experiences smaller price fluctuations and is considered to be less risky than VEUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VFIAXVEUSXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.07%

3.97%

-0.90%

Volatility (6M)

Calculated over the trailing 6-month period

10.08%

13.46%

-3.38%

Volatility (1Y)

Calculated over the trailing 1-year period

12.62%

15.77%

-3.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.99%

17.42%

-0.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.06%

17.76%

+0.30%

VFIAX vs. VEUSX - Expense Ratio Comparison

VFIAX has a 0.04% expense ratio, which is lower than VEUSX's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VFIAX vs. VEUSX - Dividend Comparison

VFIAX's dividend yield for the trailing twelve months is around 1.06%, less than VEUSX's 2.87% yield.

PositionTTM20252024202320222021202020192018201720162015
VEUSX
Vanguard European Stock Index Fund Admiral Shares		2.87%2.84%3.58%3.13%3.22%3.02%2.08%3.26%3.92%2.70%3.52%3.24%
VFIAX
Vanguard 500 Index Fund Admiral Shares		1.06%1.12%1.24%1.45%1.68%1.24%1.53%1.87%2.05%1.78%2.02%2.10%

Frequently Asked Questions

VFIAX and VEUSX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VEUSX has higher volatility (3.97%) compared to VFIAX (3.07%). In terms of maximum drawdown, VFIAX dropped -55.20% vs VEUSX's -63.28%.

VFIAX currently has the higher Sharpe Ratio (1.63 vs 1.16), 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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