VGEU.DE vs. VDIV.DE
VGEU.DE (Vanguard FTSE Developed Europe UCITS ETF Distributing) and VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - VGEU.DE is a Europe Equities fund tracking the FTSE Developed Europe, while VDIV.DE is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 5 years, VGEU.DE returned 9.90%/yr vs 17.51%/yr for VDIV.DE. A 0.79 correlation means they provide meaningful diversification when combined. VGEU.DE charges 0.10%/yr vs 0.38%/yr for VDIV.DE.
Performance
VGEU.DE vs. VDIV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VGEU.DE achieves a 7.29% return, which is significantly lower than VDIV.DE's 9.79% return.
VGEU.DE
- 1D
- 0.50%
- 1M
- 0.90%
- YTD
- 7.29%
- 6M
- 9.88%
- 1Y
- 16.08%
- 3Y*
- 14.08%
- 5Y*
- 9.90%
- 10Y*
- 9.61%
VDIV.DE
- 1D
- 0.23%
- 1M
- -0.18%
- YTD
- 9.79%
- 6M
- 12.68%
- 1Y
- 25.52%
- 3Y*
- 19.95%
- 5Y*
- 17.51%
- 10Y*
- —
VGEU.DE vs. VDIV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VGEU.DE Vanguard FTSE Developed Europe UCITS ETF Distributing | 7.29% | 20.52% | 8.94% | 16.01% | -9.86% | 24.89% | -2.75% | 27.89% | -2.22% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 9.79% | 24.55% | 15.67% | 11.47% | 15.47% | 27.92% | -11.00% | 23.04% | -3.07% |
Correlation
The correlation between VGEU.DE and VDIV.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.79 |
The correlation between VGEU.DE and VDIV.DE has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.
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Return for Risk
VGEU.DE vs. VDIV.DE — Risk / Return Rank
VGEU.DE
VDIV.DE
VGEU.DE vs. VDIV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.DE) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE). 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.
| VGEU.DE | VDIV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.51 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 6.94 | -5.25 |
| Martin ratioReturn relative to average drawdown | 6.33 | 20.46 | -14.13 |
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
| VGEU.DE | VDIV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.73 | -1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 1.45 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.94 | -0.38 |
Drawdowns
VGEU.DE vs. VDIV.DE - Drawdown Comparison
The maximum VGEU.DE drawdown since its inception was -35.59%, roughly equal to the maximum VDIV.DE drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for VGEU.DE and VDIV.DE.
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Drawdown Indicators
| VGEU.DE | VDIV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.59% | -36.12% | +0.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -3.68% | -5.91% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -15.12% | -1.34% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -15.12% | -4.99% |
Max Drawdown (10Y)Largest decline over 10 years | -35.59% | — | — |
Current DrawdownCurrent decline from peak | -1.53% | -2.39% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -4.22% | -0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 1.25% | +1.31% |
Volatility
VGEU.DE vs. VDIV.DE - Volatility Comparison
Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.DE) has a higher volatility of 4.29% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) at 2.82%. This indicates that VGEU.DE's price experiences larger fluctuations and is considered to be riskier than VDIV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGEU.DE | VDIV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 2.82% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 6.79% | +3.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.81% | 9.36% | +3.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.35% | 11.92% | +2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 15.36% | +0.98% |
VGEU.DE vs. VDIV.DE - Expense Ratio Comparison
VGEU.DE has a 0.10% expense ratio, which is lower than VDIV.DE's 0.38% expense ratio.
Dividends
VGEU.DE vs. VDIV.DE - Dividend Comparison
VGEU.DE's dividend yield for the trailing twelve months is around 2.60%, less than VDIV.DE's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.19% | 3.58% | 4.19% | 4.97% | 4.56% | 3.97% | 4.11% | 4.35% | 0.91% | 0.00% | 0.00% | 0.00% |
VGEU.DE Vanguard FTSE Developed Europe UCITS ETF Distributing | 2.60% | 2.79% | 3.07% | 2.99% | 3.31% | 2.65% | 2.23% | 3.22% | 3.65% | 3.04% | 3.20% | 3.11% |
Frequently Asked Questions
VGEU.DE and VDIV.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGEU.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGEU.DE is cheaper with a 0.10% expense ratio, compared with 0.38% for VDIV.DE.
VGEU.DE is categorized as Europe Equities, while VDIV.DE is Global Equities. VGEU.DE tracks FTSE Developed Europe, while VDIV.DE tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: Vanguard and VanEck. Their fees differ too: 0.10% for VGEU.DE and 0.38% for VDIV.DE.
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