AWWIX vs. VEA

Last updated Jun 3, 2026

AWWIX (CIBC Atlas International Growth Fund) and VEA (Vanguard FTSE Developed Markets ETF) are both Foreign Large Cap Equities funds. Over the past 5 years, AWWIX returned 5.38%/yr vs 10.01%/yr for VEA. Their correlation of 0.93 suggests significant overlap in exposure. AWWIX charges 0.94%/yr vs 0.03%/yr for VEA.

Performance

AWWIX vs. VEA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CIBC Atlas International Growth Fund (AWWIX) and Vanguard FTSE Developed Markets ETF (VEA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AWWIX achieves a 3.34% return, which is significantly lower than VEA's 15.96% return.

AWWIX

• 1D: 0.24%
• 1M: 2.20%
• YTD: 3.34%
• 6M: 5.00%
• 1Y: 10.89%
• 3Y*: 12.59%
• 5Y*: 5.38%
• 10Y*: —

VEA

• 1D: 0.63%
• 1M: 5.24%
• YTD: 15.96%
• 6M: 19.86%
• 1Y: 32.71%
• 3Y*: 20.13%
• 5Y*: 10.01%
• 10Y*: 10.27%

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

AWWIX vs. VEA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AWWIX CIBC Atlas International Growth Fund	3.34%	26.10%	5.39%	15.31%	-14.12%	2.01%	17.03%	9.68%
VEA Vanguard FTSE Developed Markets ETF	15.96%	35.16%	3.15%	17.93%	-15.34%	11.66%	9.71%	10.08%

Correlation

The correlation between AWWIX and VEA is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019	0.93

The correlation between AWWIX and VEA has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

Return for Risk

AWWIX vs. VEA — Risk / Return Rank

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

AWWIX

AWWIX Risk / Return Rank: 10
AWWIX Sharpe Ratio Rank: 10
AWWIX Sortino Ratio Rank: 10
AWWIX Omega Ratio Rank: 10
AWWIX Calmar Ratio Rank: 9
AWWIX Martin Ratio Rank: 11

VEA

VEA Risk / Return Rank: 61
VEA Sharpe Ratio Rank: 62
VEA Sortino Ratio Rank: 61
VEA Omega Ratio Rank: 62
VEA Calmar Ratio Rank: 59
VEA Martin Ratio Rank: 63

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.

AWWIX vs. VEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CIBC Atlas International Growth Fund (AWWIX) and Vanguard FTSE Developed Markets ETF (VEA). 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.

	AWWIX	VEA	Difference
Sharpe ratio Return per unit of total volatility	0.79	2.10	-1.31
Sortino ratio Return per unit of downside risk	1.22	2.89	-1.67
Omega ratio Gain probability vs. loss probability	1.15	1.38	-0.23
Calmar ratio Return relative to maximum drawdown	0.98	2.94	-1.97
Martin ratio Return relative to average drawdown	3.33	11.50	-8.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AWWIX vs. VEA - Sharpe Ratio Comparison

The current AWWIX Sharpe Ratio is 0.79, which is lower than the VEA Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of AWWIX and VEA, 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

	AWWIX	VEA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	2.10	-1.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.61	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.25	+0.21

Drawdowns

AWWIX vs. VEA - Drawdown Comparison

The maximum AWWIX drawdown since its inception was -32.98%, smaller than the maximum VEA drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for AWWIX and VEA.

Drawdown Indicators

	AWWIX	VEA	Difference
Max Drawdown Largest peak-to-trough decline	-32.98%	-60.68%	+27.70%
Max Drawdown (1Y) Largest decline over 1 year	-12.25%	-11.63%	-0.62%
Max Drawdown (3Y) Largest decline over 3 years	-14.78%	-13.45%	-1.33%
Max Drawdown (5Y) Largest decline over 5 years	-30.35%	-29.71%	-0.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.73%	—
Current Drawdown Current decline from peak	-3.13%	0.00%	-3.13%
Average Drawdown Average peak-to-trough decline	-6.75%	-13.29%	+6.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	2.98%	+0.62%

Volatility

AWWIX vs. VEA - Volatility Comparison

The current volatility for CIBC Atlas International Growth Fund (AWWIX) is 4.38%, while Vanguard FTSE Developed Markets ETF (VEA) has a volatility of 5.73%. This indicates that AWWIX experiences smaller price fluctuations and is considered to be less risky than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AWWIX	VEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.38%	5.73%	-1.35%
Volatility (6M) Calculated over the trailing 6-month period	12.24%	13.30%	-1.06%
Volatility (1Y) Calculated over the trailing 1-year period	15.30%	15.66%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.02%	16.55%	+0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.82%	17.36%	+1.46%

AWWIX vs. VEA - Expense Ratio Comparison

AWWIX has a 0.94% expense ratio, which is higher than VEA's 0.03% expense ratio.

Dividends

AWWIX vs. VEA - Dividend Comparison

AWWIX's dividend yield for the trailing twelve months is around 0.70%, less than VEA's 2.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AWWIX CIBC Atlas International Growth Fund	0.70%	0.73%	1.14%	1.16%	1.53%	1.97%	0.26%	0.11%	0.00%	0.00%	0.00%	0.00%
VEA Vanguard FTSE Developed Markets ETF	2.59%	3.22%	3.35%	3.15%	2.91%	3.16%	2.04%	3.04%	3.35%	2.77%	3.05%	2.92%

Frequently Asked Questions

Can I hold both AWWIX and VEA in my portfolio?

With a correlation of 0.93, AWWIX and VEA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AWWIX or VEA?

VEA has higher volatility (5.73%) compared to AWWIX (4.38%). In terms of maximum drawdown, AWWIX dropped -32.98% vs VEA's -60.68%.

Which has better risk-adjusted returns?

VEA currently has the higher Sharpe Ratio (2.10 vs 0.79), 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.