VGK vs. VEU
Compare and contrast key facts about Vanguard FTSE Europe ETF (VGK) and Vanguard FTSE All-World ex-US ETF (VEU).
VGK and VEU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VGK is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed Europe Index. It was launched on Mar 4, 2005. VEU is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World ex US Index. It was launched on Mar 2, 2007. Both VGK and VEU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VGK or VEU.
Performance
VGK vs. VEU - Performance Comparison
Returns By Period
In the year-to-date period, VGK achieves a 2.48% return, which is significantly lower than VEU's 6.79% return. Both investments have delivered pretty close results over the past 10 years, with VGK having a 4.84% annualized return and VEU not far behind at 4.81%.
VGK
2.48%
-5.82%
-5.01%
9.07%
6.05%
4.84%
VEU
6.79%
-3.66%
0.42%
12.65%
5.56%
4.81%
Key characteristics
| VGK | VEU | |
|---|---|---|
| Sharpe Ratio | 0.71 | 1.02 |
| Sortino Ratio | 1.04 | 1.47 |
| Omega Ratio | 1.12 | 1.18 |
| Calmar Ratio | 0.93 | 1.22 |
| Martin Ratio | 3.03 | 4.99 |
| Ulcer Index | 3.06% | 2.57% |
| Daily Std Dev | 13.12% | 12.61% |
| Max Drawdown | -63.61% | -61.52% |
| Current Drawdown | -9.97% | -7.32% |
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VGK vs. VEU - Expense Ratio Comparison
VGK has a 0.08% expense ratio, which is higher than VEU'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%.
Correlation
The correlation between VGK and VEU is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
VGK vs. VEU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Europe ETF (VGK) and Vanguard FTSE All-World ex-US ETF (VEU). 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.
Dividends
VGK vs. VEU - Dividend Comparison
VGK's dividend yield for the trailing twelve months is around 3.14%, more than VEU's 2.99% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGK Vanguard FTSE Europe ETF | 3.14% | 3.15% | 3.25% | 3.05% | 2.11% | 3.27% | 3.95% | 2.70% | 3.52% | 3.25% | 4.62% | 2.77% |
VEU Vanguard FTSE All-World ex-US ETF | 2.99% | 3.32% | 3.12% | 3.07% | 2.00% | 3.10% | 3.27% | 2.66% | 2.96% | 2.95% | 3.52% | 2.66% |
Drawdowns
VGK vs. VEU - Drawdown Comparison
The maximum VGK drawdown since its inception was -63.61%, roughly equal to the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for VGK and VEU. For additional features, visit the drawdowns tool.
Volatility
VGK vs. VEU - Volatility Comparison
Vanguard FTSE Europe ETF (VGK) has a higher volatility of 4.22% compared to Vanguard FTSE All-World ex-US ETF (VEU) at 3.75%. This indicates that VGK's price experiences larger fluctuations and is considered to be riskier than VEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.