The Vanguard FTSE Europe ETF (VGK) provides diversified exposure to a basket of European equities across large and small caps. This is an important market segment as many of the companies included in the fund are recognized as high-quality global leaders and can help investors diversify their portfolios compared to U.S. stock-focused, broad-market funds. While the European market has been hard-hit this year by the economic disruptions from the COVID-19 pandemic, the ongoing recovery driven by global stimulus measures has supported a rally in global stocks. Still, we find that European stocks and the VGK