VGEK.DE vs. IEUR
VGEK.DE (Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating) and IEUR (iShares Core MSCI Europe ETF) are both exchange-traded funds - VGEK.DE is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific ex Japan, while IEUR is a Europe Equities fund tracking the MSCI Europe Investable Market Index. Both are passively managed. Over the past 5 years, VGEK.DE returned 12.83%/yr vs 9.29%/yr for IEUR. A 0.54 correlation means they provide meaningful diversification when combined. VGEK.DE charges 0.15%/yr vs 0.09%/yr for IEUR.
Performance
VGEK.DE vs. IEUR - Performance Comparison
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Different Trading Currencies
VGEK.DE is traded in EUR, while IEUR is traded in USD. To make them comparable, the IEUR values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VGEK.DE achieves a 49.52% return, which is significantly higher than IEUR's 8.12% return.
VGEK.DE
- 1D
- -3.21%
- 1M
- 10.22%
- YTD
- 49.52%
- 6M
- 55.71%
- 1Y
- 79.92%
- 3Y*
- 24.83%
- 5Y*
- 12.83%
- 10Y*
- —
IEUR
- 1D
- 1.06%
- 1M
- 3.08%
- YTD
- 8.12%
- 6M
- 10.21%
- 1Y
- 16.12%
- 3Y*
- 13.72%
- 5Y*
- 9.29%
- 10Y*
- 9.01%
VGEK.DE vs. IEUR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGEK.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating | 49.52% | 25.03% | 1.02% | 6.43% | -7.37% | 9.39% | 8.22% | 6.27% |
IEUR iShares Core MSCI Europe ETF | 8.12% | 19.57% | 8.10% | 16.12% | -10.69% | 25.44% | -3.37% | 7.39% |
Correlation
The correlation between VGEK.DE and IEUR is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.54 |
The correlation between VGEK.DE and IEUR has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.
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Return for Risk
VGEK.DE vs. IEUR — Risk / Return Rank
VGEK.DE
IEUR
VGEK.DE vs. IEUR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.DE) and iShares Core MSCI Europe ETF (IEUR). 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.
| VGEK.DE | IEUR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.56 | ||
| Sortino ratioReturn per unit of downside risk | +2.91 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.22 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 6.17 | 1.58 | +4.59 |
| Martin ratioReturn relative to average drawdown | 24.03 | 6.43 | +17.60 |
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
| VGEK.DE | IEUR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.77 | 1.22 | +2.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.63 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.46 | +0.23 |
Drawdowns
VGEK.DE vs. IEUR - Drawdown Comparison
The maximum VGEK.DE drawdown since its inception was -36.64%, roughly equal to the maximum IEUR drawdown of -36.74%. Use the drawdown chart below to compare losses from any high point for VGEK.DE and IEUR.
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Drawdown Indicators
| VGEK.DE | IEUR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.64% | -36.74% | +0.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.88% | -10.25% | -2.63% |
Max Drawdown (3Y)Largest decline over 3 years | -19.68% | -15.24% | -4.44% |
Max Drawdown (5Y)Largest decline over 5 years | -19.68% | -21.05% | +1.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.74% | — |
Current DrawdownCurrent decline from peak | -3.76% | -0.48% | -3.28% |
Average DrawdownAverage peak-to-trough decline | -6.08% | -5.61% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 2.51% | +0.81% |
Volatility
VGEK.DE vs. IEUR - Volatility Comparison
Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating (VGEK.DE) has a higher volatility of 10.20% compared to iShares Core MSCI Europe ETF (IEUR) at 4.62%. This indicates that VGEK.DE's price experiences larger fluctuations and is considered to be riskier than IEUR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGEK.DE | IEUR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | 4.62% | +5.58% |
Volatility (6M)Calculated over the trailing 6-month period | 18.52% | 11.07% | +7.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.09% | 13.32% | +7.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.60% | 14.75% | +1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 16.96% | +2.64% |
VGEK.DE vs. IEUR - Expense Ratio Comparison
VGEK.DE has a 0.15% expense ratio, which is higher than IEUR'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%.
Dividends
VGEK.DE vs. IEUR - Dividend Comparison
VGEK.DE has not paid dividends to shareholders, while IEUR's dividend yield for the trailing twelve months is around 2.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEUR iShares Core MSCI Europe ETF | 2.78% | 2.97% | 3.54% | 3.17% | 3.05% | 2.88% | 2.13% | 3.26% | 3.76% | 2.64% | 3.19% | 2.79% |
VGEK.DE Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF (USD) Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VGEK.DE and IEUR have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IEUR is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IEUR is cheaper with a 0.09% expense ratio, compared with 0.15% for VGEK.DE.
VGEK.DE is categorized as Asia Pacific Equities, while IEUR is Europe Equities. VGEK.DE tracks FTSE Developed Asia Pacific ex Japan, while IEUR tracks MSCI Europe Investable Market Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.15% for VGEK.DE and 0.09% for IEUR.
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