VGK vs VOE
Vanguard FTSE Europe ETF vs Vanguard Morningstar Mid-Cap Value ETF
Quick Verdict
VOE has a lower expense ratio. VOE delivered stronger 1-year returns. VGK offers more diversification with 1,251 holdings.
Side-by-Side Comparison
| Metric | VGK | VOE | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.05% | |
| AUM | $30.5B | $23.9B | |
| Dividend Yield | 2.82% | 1.81% | |
| Holdings | 1,251 | 176 | |
| YTD Return | +11.24% | +19.07% | |
| 1Y Return | +20.91% | +26.16% | |
| 3Y Return (annualized) | +18.67% | +17.77% | |
| 5Y Return (annualized) | +9.28% | +10.28% | |
| Volatility (annualized) | 18.5% | 17.6% | |
| Max Drawdown | -67.3% | -63.4% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 4, 2005 | Aug 17, 2006 |
VGK vs VOE Performance
Vanguard FTSE Europe ETF (VGK) is a ETF from Vanguard (US) and Vanguard Morningstar Mid-Cap Value ETF (VOE) is a ETF from Vanguard (US). Over the past year VGK returned +20.91% while VOE returned +26.16%. Year to date, VGK is up 11.24% versus a gain of 19.07% for VOE.
Over three years, VGK compounded at +18.67% per year against +17.77% for VOE; over five years the annualized figures are +9.28% and +10.28% respectively. Across the full 20-year window we track, VOE has the edge at +8.04% annualized vs +3.69%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VGK has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 17.6% for VOE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -67.3% for VGK and -63.4% for VOE. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VGK charges 0.06% per year while VOE charges 0.05%. On a $10,000 position that is $6 vs $5 annually, a gap of $1 per year that compounds over a long holding period. On income, VGK currently yields 2.82% against 1.81% for VOE.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, VGK or VOE?
VGK has an expense ratio of 0.06% while VOE charges 0.05%. VOE is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, VGK or VOE?
Over the past year VGK returned +20.91% vs +26.16% for VOE, so VOE leads on 1-year performance. Over the longest common window we track (20 years), VGK annualized +3.69% vs +8.04% for VOE. Past performance does not guarantee future results.
Which is riskier, VGK or VOE?
VGK has been the more volatile fund at 18.5% annualized versus 17.6% for VOE. Worst drawdown: VGK -67.3% vs VOE -63.4%.
Should I hold both VGK and VOE?
VGK and VOE have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VGK and VOE?
VGK and VOE share 2 common holdings with a 0.3% weight overlap. Combined, they hold 1344 unique securities.
Which pays a higher dividend, VGK or VOE?
VGK yields 2.82% while VOE yields 1.81%, so VGK currently pays the higher dividend yield.
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