VGK vs. VEURX
VGK (Vanguard FTSE Europe ETF) and VEURX (Vanguard European Stock Index Fund) are both Europe Equities funds from Vanguard. Over the past 10 years, VGK returned 10.38%/yr vs 10.26%/yr for VEURX. With a 0.97 correlation, they move nearly in lockstep. VGK charges 0.06%/yr vs 0.25%/yr for VEURX.
Performance
VGK vs. VEURX - Performance Comparison
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Returns By Period
In the year-to-date period, VGK achieves a 6.16% return, which is significantly lower than VEURX's 7.48% return. Both investments have delivered pretty close results over the past 10 years, with VGK having a 10.38% annualized return and VEURX not far behind at 10.26%.
VGK
- 1D
- -1.24%
- 1M
- -0.13%
- YTD
- 6.16%
- 6M
- 6.16%
- 1Y
- 19.10%
- 3Y*
- 16.76%
- 5Y*
- 8.57%
- 10Y*
- 10.38%
VEURX
- 1D
- 0.11%
- 1M
- 1.02%
- YTD
- 7.48%
- 6M
- 7.31%
- 1Y
- 20.41%
- 3Y*
- 17.00%
- 5Y*
- 8.92%
- 10Y*
- 10.26%
VGK vs. VEURX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGK Vanguard FTSE Europe ETF | 6.16% | 35.83% | 1.88% | 20.19% | -15.98% | 16.89% | 5.43% | 24.85% | -14.89% | 26.98% |
VEURX Vanguard European Stock Index Fund | 7.48% | 35.20% | 1.88% | 19.83% | -16.16% | 16.14% | 6.29% | 24.02% | -14.88% | 26.81% |
Correlation
The correlation between VGK and VEURX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2005 | 0.97 |
The correlation between VGK and VEURX has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
VGK vs. VEURX — Risk / Return Rank
VGK
VEURX
VGK vs. VEURX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Europe ETF (VGK) and Vanguard European Stock Index Fund (VEURX). 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 | VEURX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.79 | -0.21 |
| Martin ratioReturn relative to average drawdown | 5.89 | 6.60 | -0.71 |
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Drawdowns
VGK vs. VEURX - Drawdown Comparison
The maximum VGK drawdown since its inception was -63.61%, roughly equal to the maximum VEURX drawdown of -63.33%. Use the drawdown chart below to compare losses from any high point for VGK and VEURX.
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Drawdown Indicators
| VGK | VEURX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.61% | -63.33% | -0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -11.97% | -0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -14.31% | -13.97% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -32.74% | -32.81% | +0.07% |
Max Drawdown (10Y)Largest decline over 10 years | -37.24% | -37.03% | -0.21% |
Current DrawdownCurrent decline from peak | -1.91% | -0.76% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -13.31% | -12.65% | -0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 3.25% | 0.00% |
Volatility
VGK vs. VEURX - Volatility Comparison
Vanguard FTSE Europe ETF (VGK) has a higher volatility of 4.96% compared to Vanguard European Stock Index Fund (VEURX) at 4.65%. This indicates that VGK's price experiences larger fluctuations and is considered to be riskier than VEURX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGK | VEURX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.96% | 4.65% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 13.38% | 13.06% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.81% | 15.58% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.96% | 17.44% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.56% | 18.17% | +0.39% |
VGK vs. VEURX - Expense Ratio Comparison
VGK has a 0.06% expense ratio, which is lower than VEURX's 0.25% 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. VEURX - Dividend Comparison
VGK's dividend yield for the trailing twelve months is around 2.95%, more than VEURX's 2.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEURX Vanguard European Stock Index Fund | 2.74% | 2.70% | 3.44% | 3.00% | 3.07% | 2.90% | 1.97% | 3.14% | 3.77% | 2.55% | 3.35% | 3.09% |
VGK Vanguard FTSE Europe ETF | 2.95% | 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 0.98, VGK and VEURX 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.
VGK has higher volatility (4.96%) compared to VEURX (4.65%). In terms of maximum drawdown, VGK dropped -63.61% vs VEURX's -63.33%.
VEURX currently has the higher Sharpe Ratio (1.38 vs 1.21), 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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