VGEU.DE vs. VUSA.DE
VGEU.DE (Vanguard FTSE Developed Europe UCITS ETF Distributing) and VUSA.DE (Vanguard S&P 500 UCITS ETF) are both exchange-traded funds - VGEU.DE is a Europe Equities fund tracking the FTSE Developed Europe, while VUSA.DE is a S&P 500 fund tracking the S&P 500 Net Total Return. Both are passively managed. Over the past 5 years, VGEU.DE returned 9.90%/yr vs 14.76%/yr for VUSA.DE. A 0.70 correlation means they provide meaningful diversification when combined. VGEU.DE charges 0.10%/yr vs 0.07%/yr for VUSA.DE.
Performance
VGEU.DE vs. VUSA.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 VUSA.DE's 11.38% 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%
VUSA.DE
- 1D
- -0.12%
- 1M
- 4.37%
- YTD
- 11.38%
- 6M
- 10.86%
- 1Y
- 25.53%
- 3Y*
- 18.87%
- 5Y*
- 14.76%
- 10Y*
- —
VGEU.DE vs. VUSA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -11.15% | 0.54% |
VUSA.DE Vanguard S&P 500 UCITS ETF | 11.38% | 4.74% | 32.32% | 22.44% | -14.26% | 40.76% | 6.77% | 34.46% | -1.12% | 2.82% |
Correlation
The correlation between VGEU.DE and VUSA.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.70 |
The correlation between VGEU.DE and VUSA.DE shifts across timeframes, from 0.57 (3 years) to 0.70 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VGEU.DE vs. VUSA.DE — Risk / Return Rank
VGEU.DE
VUSA.DE
VGEU.DE vs. VUSA.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 Vanguard S&P 500 UCITS ETF (VUSA.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 | VUSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.41 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 3.57 | -1.88 |
| Martin ratioReturn relative to average drawdown | 6.33 | 12.71 | -6.38 |
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 | VUSA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.20 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.96 | -0.28 |
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 | 0.89 | -0.33 |
Drawdowns
VGEU.DE vs. VUSA.DE - Drawdown Comparison
The maximum VGEU.DE drawdown since its inception was -35.59%, which is greater than VUSA.DE's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for VGEU.DE and VUSA.DE.
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Drawdown Indicators
| VGEU.DE | VUSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.59% | -33.63% | -1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -9.59% | -7.13% | -2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -23.24% | +6.78% |
Max Drawdown (5Y)Largest decline over 5 years | -20.11% | -23.24% | +3.13% |
Max Drawdown (10Y)Largest decline over 10 years | -35.59% | — | — |
Current DrawdownCurrent decline from peak | -1.53% | -0.44% | -1.09% |
Average DrawdownAverage peak-to-trough decline | -5.03% | -4.40% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 2.01% | +0.55% |
Volatility
VGEU.DE vs. VUSA.DE - Volatility Comparison
Vanguard FTSE Developed Europe UCITS ETF Distributing (VGEU.DE) has a higher volatility of 4.29% compared to Vanguard S&P 500 UCITS ETF (VUSA.DE) at 2.68%. This indicates that VGEU.DE's price experiences larger fluctuations and is considered to be riskier than VUSA.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 | VUSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.29% | 2.68% | +1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 7.59% | +3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.81% | 11.58% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.35% | 15.17% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.34% | 16.77% | -0.43% |
VGEU.DE vs. VUSA.DE - Expense Ratio Comparison
VGEU.DE has a 0.10% expense ratio, which is higher than VUSA.DE's 0.07% 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
VGEU.DE vs. VUSA.DE - Dividend Comparison
VGEU.DE's dividend yield for the trailing twelve months is around 2.60%, more than VUSA.DE's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VUSA.DE Vanguard S&P 500 UCITS ETF | 0.87% | 0.97% | 1.00% | 1.25% | 1.45% | 1.02% | 1.43% | 1.45% | 1.74% | 0.41% | 0.00% | 0.00% |
Frequently Asked Questions
VGEU.DE and VUSA.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUSA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUSA.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for VGEU.DE.
VGEU.DE is categorized as Europe Equities, while VUSA.DE is S&P 500. VGEU.DE tracks FTSE Developed Europe, while VUSA.DE tracks S&P 500 Net Total Return. Their fees differ too: 0.10% for VGEU.DE and 0.07% for VUSA.DE.
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