VMIG.L vs. VEUA.L

Last updated Jun 5, 2026

VMIG.L (Vanguard FTSE 250 UCITS ETF (GBP) Accumulating) and VEUA.L (Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating) are both Europe Equities funds from Vanguard - VMIG.L tracks the FTSE 250 Ex Investment Trust TR GBP while VEUA.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, VMIG.L returned 3.38%/yr vs 10.11%/yr for VEUA.L. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.10% expense ratio.

Performance

VMIG.L vs. VEUA.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Vanguard FTSE 250 UCITS ETF (GBP) Accumulating (VMIG.L) and Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VMIG.L achieves a 5.18% return, which is significantly lower than VEUA.L's 6.65% return.

VMIG.L

• 1D: 0.70%
• 1M: 4.25%
• YTD: 5.18%
• 6M: 7.41%
• 1Y: 14.23%
• 3Y*: 10.30%
• 5Y*: 3.38%
• 10Y*: —

VEUA.L

• 1D: 0.78%
• 1M: 3.51%
• YTD: 6.65%
• 6M: 9.00%
• 1Y: 19.55%
• 3Y*: 14.21%
• 5Y*: 10.11%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VMIG.L vs. VEUA.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
VMIG.L Vanguard FTSE 250 UCITS ETF (GBP) Accumulating	5.18%	12.85%	7.41%	8.08%	-17.25%	16.12%	-4.72%	12.07%
VEUA.L Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating	6.65%	26.07%	4.49%	13.45%	-4.21%	16.83%	3.08%	1.97%

Correlation

The correlation between VMIG.L and VEUA.L is 0.74, 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	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jul 26, 2019	0.74

The correlation between VMIG.L and VEUA.L has been stable across timeframes, ranging from 0.74 to 0.77 - a consistent structural relationship.

VMIG.L vs. VEUA.L - Sectors Allocation Comparison

Sectors	VMIG.L	VEUA.L
Industrials	19.9%	19.7%
Financial Services	19.4%	24.0%
Consumer Cyclical	13.3%	6.6%
Real Estate	9.4%	1.1%
Technology	9.4%	8.5%
Basic Materials	6.6%	5.6%
Consumer Defensive	6.1%	8.3%
Communication Services	5.9%	3.0%
Healthcare	4.4%	12.9%
Utilities	3.0%	5.0%
Energy	2.5%	5.3%

Return for Risk

VMIG.L vs. VEUA.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VMIG.L

VMIG.L Risk / Return Rank: 31
VMIG.L Sharpe Ratio Rank: 32
VMIG.L Sortino Ratio Rank: 34
VMIG.L Omega Ratio Rank: 32
VMIG.L Calmar Ratio Rank: 26
VMIG.L Martin Ratio Rank: 31

VEUA.L

VEUA.L Risk / Return Rank: 45
VEUA.L Sharpe Ratio Rank: 47
VEUA.L Sortino Ratio Rank: 47
VEUA.L Omega Ratio Rank: 50
VEUA.L Calmar Ratio Rank: 38
VEUA.L Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VMIG.L vs. VEUA.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE 250 UCITS ETF (GBP) Accumulating (VMIG.L) and Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L). 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.

	VMIG.L	VEUA.L	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.60	-0.45
Sortino ratio: Return per unit of downside risk	1.74	2.26	-0.53
Omega ratio: Gain probability vs. loss probability	1.21	1.30	-0.09
Calmar ratio: Return relative to maximum drawdown	1.22	1.84	-0.62
Martin ratio: Return relative to average drawdown	4.41	6.57	-2.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VMIG.L vs. VEUA.L - Sharpe Ratio Comparison

The current VMIG.L Sharpe Ratio is 1.16, which is comparable to the VEUA.L Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of VMIG.L and VEUA.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VMIG.L	VEUA.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	1.60	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.74	-0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.61	-0.30

Drawdowns

VMIG.L vs. VEUA.L - Drawdown Comparison

The maximum VMIG.L drawdown since its inception was -41.38%, which is greater than VEUA.L's maximum drawdown of -28.45%. Use the drawdown chart below to compare losses from any high point for VMIG.L and VEUA.L.

Drawdown Indicators

	VMIG.L	VEUA.L	Difference
Max Drawdown Largest peak-to-trough decline	-41.38%	-28.45%	-12.93%
Max Drawdown (1Y) Largest decline over 1 year	-11.59%	-10.59%	-1.00%
Max Drawdown (3Y) Largest decline over 3 years	-16.44%	-12.65%	-3.79%
Max Drawdown (5Y) Largest decline over 5 years	-29.51%	-16.36%	-13.15%
Current Drawdown Current decline from peak	-0.69%	-1.34%	+0.65%
Average Drawdown Average peak-to-trough decline	-10.02%	-4.11%	-5.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	2.97%	+0.25%

Volatility

VMIG.L vs. VEUA.L - Volatility Comparison

The current volatility for Vanguard FTSE 250 UCITS ETF (GBP) Accumulating (VMIG.L) is 3.70%, while Vanguard FTSE Developed Europe UCITS ETF (EUR) Accumulating (VEUA.L) has a volatility of 4.10%. This indicates that VMIG.L experiences smaller price fluctuations and is considered to be less risky than VEUA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VMIG.L	VEUA.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	4.10%	-0.40%
Volatility (6M) Calculated over the trailing 6-month period	10.08%	10.24%	-0.16%
Volatility (1Y) Calculated over the trailing 1-year period	12.26%	12.15%	+0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.98%	13.70%	+1.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.31%	15.83%	+1.48%

VMIG.L vs. VEUA.L - Expense Ratio Comparison

Both VMIG.L and VEUA.L have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VMIG.L vs. VEUA.L - Dividend Comparison

Neither VMIG.L nor VEUA.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both VMIG.L and VEUA.L in my portfolio?

VMIG.L and VEUA.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VMIG.L or VEUA.L?

Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VMIG.L or VEUA.L?

VMIG.L and VEUA.L have the same expense ratio: 0.10% per year.

What is the main difference between VMIG.L and VEUA.L?

VMIG.L tracks FTSE 250 Ex Investment Trust TR GBP, while VEUA.L tracks MSCI Europe NR EUR.