EXSA vs VEUR: returns, risk and drawdowns compared
iShares STOXX Europe 600 UCITS ETF (DE) against Vanguard FTSE Developed Europe UCITS ETF (Dist), over the same 7 years (February 2019 to October 2026) with dividends reinvested.
Data updated October 2026
From February 2019 to October 2026, EXSA returned 8.9% a year and VEUR 8.0% a year on average, so EXSA came out ahead by 0.9% a year. VEUR was the more volatile of the two (14.8% against 14.6% a year), and the deepest falls from a month-end high were 23.2% for EXSA and 23.2% for VEUR.
The correlation of monthly returns was 0.97: they moved almost in lockstep. Over 58 rolling 3-year periods, EXSA did better in 98% and VEUR in 2%.
Side by side
| EXSA | VEUR | |
|---|---|---|
| Annual return (CAGR) | +8.9% | +8.0% |
| Total return | +94% | +81% |
| Annual volatility | 14.6% | 14.8% |
| Maximum drawdown (month-end) | −23.2% | −23.2% |
| Worst month | −14.9% | −14.7% |
| Best month | +13.8% | +14.1% |
| Positive months | 62% | 62% |
| Best year | 2021: +21.7% | 2021: +21.7% |
| Worst year | 2022: −12.8% | 2022: −13.2% |
| 1-year return | +14.4% | +14.7% |
| 5 years, a year | +8.0% | +7.0% |
| 10 years, a year | +7.1% | — |
| Trading currency | EUR | EUR |
First nine rows: the same 93 months for both funds. Trailing returns: to each fund’s last close.
Growth of 10,000: EXSA vs VEUR
Returns by calendar year
| Year | EXSA | VEUR |
|---|---|---|
| 2025 | +20.5% | +18.6% |
| 2024 | +8.5% | +5.9% |
| 2023 | +12.7% | +12.7% |
| 2022 | −12.8% | −13.2% |
| 2021 | +21.7% | +21.7% |
| 2020 | −3.8% | −4.9% |
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
The comparison uses only the months in which both funds have prices, so the figures cover the same period even when one fund is older.
Questions
Which has returned more, EXSA or VEUR?
From February 2019 to October 2026, EXSA returned +8.9% a year and VEUR +8.0% a year, with dividends reinvested. Over rolling 3-year periods EXSA did better in 98% of cases. Past returns do not predict future returns.
Which is riskier, EXSA or VEUR?
Over the same months annual volatility was 14.6% for EXSA and 14.8% for VEUR; the deepest fall from a month-end high was 23.2% and 23.2%, and the worst single month −14.9% and −14.7%.
How correlated are EXSA and VEUR?
The correlation of their monthly returns was 0.97: they moved almost in lockstep. Holding both adds little diversification compared with holding one.
More comparisons
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.