ARRY vs. VWO
ARRY (Array Technologies, Inc.) is a stock, while VWO (Vanguard FTSE Emerging Markets ETF) is Emerging Markets Equities fund tracking the FTSE Emerging Index. Over the past 5 years, ARRY returned -16.74%/yr vs 5.73%/yr for VWO. At a 0.36 correlation, their price movements are largely independent.
Performance
ARRY vs. VWO - Performance Comparison
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Returns By Period
In the year-to-date period, ARRY achieves a -30.91% return, which is significantly lower than VWO's 11.53% return.
ARRY
- 1D
- -1.39%
- 1M
- -18.02%
- 6M
- -29.22%
- YTD
- -30.91%
- 1Y
- -14.73%
- 3Y*
- -31.66%
- 5Y*
- -16.74%
- 10Y*
- —
VWO
- 1D
- 0.67%
- 1M
- 0.69%
- 6M
- 8.17%
- YTD
- 11.53%
- 1Y
- 23.93%
- 3Y*
- 16.99%
- 5Y*
- 5.73%
- 10Y*
- 8.20%
ARRY vs. VWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ARRY Array Technologies, Inc. | -30.91% | 52.65% | -64.05% | -13.09% | 23.20% | -63.63% | 46.24% |
VWO Vanguard FTSE Emerging Markets ETF | 11.53% | 25.60% | 10.59% | 9.25% | -17.98% | 1.26% | 12.23% |
Correlation
The correlation between ARRY and VWO is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.36 |
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Return for Risk
ARRY vs. VWO — Risk / Return Rank
ARRY
VWO
ARRY vs. VWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Array Technologies, Inc. (ARRY) and Vanguard FTSE Emerging Markets ETF (VWO). 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.
| ARRY | VWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.26 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 2.14 | -2.49 |
| Martin ratioReturn relative to average drawdown | -0.67 | 7.34 | -8.00 |
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Drawdowns
ARRY vs. VWO - Drawdown Comparison
The maximum ARRY drawdown since its inception was -92.20%, which is greater than VWO's maximum drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for ARRY and VWO.
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Drawdown Indicators
| ARRY | VWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.20% | -67.68% | -24.52% |
Max Drawdown (1Y)Largest decline over 1 year | -46.99% | -11.17% | -35.82% |
Max Drawdown (3Y)Largest decline over 3 years | -84.88% | -17.37% | -67.51% |
Max Drawdown (5Y)Largest decline over 5 years | -85.31% | -30.90% | -54.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.39% | — |
Current DrawdownCurrent decline from peak | -87.52% | -2.20% | -85.32% |
Average DrawdownAverage peak-to-trough decline | -69.11% | -15.76% | -53.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.03% | 3.25% | +21.78% |
Volatility
ARRY vs. VWO - Volatility Comparison
Array Technologies, Inc. (ARRY) has a higher volatility of 21.73% compared to Vanguard FTSE Emerging Markets ETF (VWO) at 6.32%. This indicates that ARRY's price experiences larger fluctuations and is considered to be riskier than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARRY | VWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.73% | 6.32% | +15.41% |
Volatility (6M)Calculated over the trailing 6-month period | 63.09% | 14.73% | +48.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.10% | 17.05% | +65.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.85% | 17.57% | +64.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 82.56% | 19.13% | +63.43% |
Dividends
ARRY vs. VWO - Dividend Comparison
ARRY has not paid dividends to shareholders, while VWO's dividend yield for the trailing twelve months is around 2.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ARRY Array Technologies, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWO Vanguard FTSE Emerging Markets ETF | 2.31% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
Frequently Asked Questions
ARRY and VWO have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARRY has higher volatility (21.73%) compared to VWO (6.32%). In terms of maximum drawdown, ARRY dropped -92.20% vs VWO's -67.68%.
VWO currently has the higher Sharpe Ratio (1.40 vs -0.20), 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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