VGK vs. IEUR
VGK (Vanguard FTSE Europe ETF) and IEUR (iShares Core MSCI Europe ETF) are both Europe Equities funds - VGK tracks the FTSE Developed Europe All Cap Index while IEUR tracks the MSCI Europe Investable Market Index. Both are passively managed. Over the past 10 years, VGK returned 10.03%/yr vs 9.92%/yr for IEUR. Their 0.99 correlation means they have historically moved very closely together. VGK charges 0.06%/yr vs 0.09%/yr for IEUR.
Performance
VGK vs. IEUR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with VGK having a 10.34% return and IEUR slightly lower at 10.27%. Both investments have delivered pretty close results over the past 10 years, with VGK having a 10.03% annualized return and IEUR not far behind at 9.92%.
VGK
- 1D
- -0.44%
- 1M
- 1.39%
- 6M
- 5.43%
- YTD
- 10.34%
- 1Y
- 24.06%
- 3Y*
- 16.62%
- 5Y*
- 9.31%
- 10Y*
- 10.03%
- ALL TIME*
- 6.47%
IEUR
- 1D
- -0.49%
- 1M
- 1.08%
- 6M
- 5.44%
- YTD
- 10.27%
- 1Y
- 23.45%
- 3Y*
- 16.38%
- 5Y*
- 9.10%
- 10Y*
- 9.92%
- ALL TIME*
- 6.71%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $76.19M | $57.15M | $73.12M | |
| $214.81M | $182.15M | $234.17M |
VGK vs. IEUR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGK Vanguard FTSE Europe ETF | 10.34% | 35.83% | 1.88% | 20.19% | -15.98% | 16.89% | 5.43% | 24.85% | -14.89% | 26.98% |
IEUR iShares Core MSCI Europe ETF | 10.27% | 35.67% | 1.40% | 19.71% | -15.90% | 16.71% | 5.31% | 24.95% | -14.86% | 26.70% |
Correlation
The correlation between VGK and IEUR is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.99 |
The correlation between VGK and IEUR has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
VGK vs. IEUR - Sectors Allocation Comparison
Sectors
VGK
IEUR
Financial Services
Industrials
Healthcare
Technology
Consumer Defensive
Consumer Cyclical
Basic Materials
Energy
Utilities
Communication Services
Real Estate
Financial Services
VGK
IEUR
Industrials
VGK
IEUR
Healthcare
VGK
IEUR
Technology
VGK
IEUR
Consumer Defensive
VGK
IEUR
Consumer Cyclical
VGK
IEUR
Basic Materials
VGK
IEUR
Energy
VGK
IEUR
Utilities
VGK
IEUR
Communication Services
VGK
IEUR
Real Estate
VGK
IEUR
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Return for Risk
VGK vs. IEUR — Risk / Return Rank
VGK
IEUR
VGK vs. IEUR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Europe ETF (VGK) 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.
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.
| VGK | IEUR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 1.92 | +0.02 |
| Martin ratioReturn relative to average drawdown | 7.41 | 7.40 | +0.01 |
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Drawdowns
VGK vs. IEUR - Drawdown Comparison
The maximum VGK drawdown since its inception was -63.61%, which is greater than IEUR's maximum drawdown of -36.96%. Use the drawdown chart below to compare losses from any high point for VGK and IEUR.
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Drawdown Indicators
| VGK | IEUR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.61% | -36.96% | -26.65% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -12.04% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -14.31% | -14.25% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -32.74% | -32.75% | +0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -37.24% | -36.96% | -0.28% |
Current DrawdownCurrent decline from peak | -0.44% | -0.49% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -13.25% | -8.13% | -5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 3.12% | +0.05% |
Volatility
VGK vs. IEUR - Volatility Comparison
Vanguard FTSE Europe ETF (VGK) and iShares Core MSCI Europe ETF (IEUR) have volatilities of 4.44% and 4.45%, 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.
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Volatility by Period
| VGK | IEUR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 4.45% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 13.76% | 13.71% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 15.80% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.97% | 17.80% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.49% | 18.23% | +0.26% |
VGK vs. IEUR - Expense Ratio Comparison
VGK has a 0.06% expense ratio, which is lower than IEUR's 0.09% 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
VGK vs. IEUR - Dividend Comparison
VGK's dividend yield for the trailing twelve months is around 2.83%, less than IEUR's 3.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEUR iShares Core MSCI Europe ETF | 3.12% | 2.97% | 3.54% | 3.17% | 3.05% | 2.88% | 2.13% | 3.26% | 3.76% | 2.64% | 3.19% | 2.79% |
VGK Vanguard FTSE Europe ETF | 2.83% | 2.86% | 3.61% | 3.15% | 3.25% | 3.05% | 2.11% | 3.27% | 3.95% | 2.70% | 3.52% | 3.25% |
Frequently Asked Questions
With a correlation of 1.00, VGK and IEUR 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.
IEUR has higher volatility (4.45%) compared to VGK (4.44%). In terms of maximum drawdown, VGK dropped -63.61% vs IEUR's -36.96%.
On 10-year performance, VGK leads with 10.03% vs 9.92% for IEUR. On fees, VGK is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VGK has performed better with a 10.03% return vs 9.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGK is cheaper with a 0.06% expense ratio, compared with 0.09% for IEUR.
IEUR has the higher dividend yield at 3.12%, compared with 2.83% for VGK.
VGK tracks FTSE Developed Europe All Cap Index, while IEUR tracks MSCI Europe Investable Market Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.06% for VGK and 0.09% for IEUR.
VGK currently has the higher Sharpe Ratio (1.48 vs 1.47), 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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