BB vs. VEU

Last updated Jun 4, 2026

BB (BlackBerry Limited) is a stock, while VEU (Vanguard FTSE All-World ex-US ETF) is Foreign Large Cap Equities fund tracking the FTSE All-World ex US Index. Over the past 10 years, BB returned 3.44%/yr vs 9.94%/yr for VEU. At a 0.44 correlation, their price movements are largely independent.

Performance

BB vs. VEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackBerry Limited (BB) and Vanguard FTSE All-World ex-US ETF (VEU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BB achieves a 168.60% return, which is significantly higher than VEU's 14.60% return. Over the past 10 years, BB has underperformed VEU with an annualized return of 3.44%, while VEU has yielded a comparatively higher 9.94% annualized return.

BB

• 1D: -1.36%
• 1M: 82.44%
• YTD: 168.60%
• 6M: 143.54%
• 1Y: 156.42%
• 3Y*: 24.23%
• 5Y*: -5.99%
• 10Y*: 3.44%

VEU

• 1D: -0.98%
• 1M: 5.07%
• YTD: 14.60%
• 6M: 17.34%
• 1Y: 32.37%
• 3Y*: 19.62%
• 5Y*: 8.67%
• 10Y*: 9.94%

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

BB vs. VEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BB BlackBerry Limited	168.60%	0.26%	6.78%	8.59%	-65.13%	41.03%	3.27%	-9.70%	-36.35%	62.12%
VEU Vanguard FTSE All-World ex-US ETF	14.60%	32.35%	5.56%	15.84%	-15.58%	8.27%	11.10%	21.83%	-14.18%	27.40%

Correlation

The correlation between BB and VEU is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Mar 9, 2007	0.44

The correlation between BB and VEU shifts across timeframes, from 0.32 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BB vs. VEU — Risk / Return Rank

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

BB

BB Risk / Return Rank: 90
BB Sharpe Ratio Rank: 94
BB Sortino Ratio Rank: 94
BB Omega Ratio Rank: 92
BB Calmar Ratio Rank: 88
BB Martin Ratio Rank: 83

VEU

VEU Risk / Return Rank: 60
VEU Sharpe Ratio Rank: 62
VEU Sortino Ratio Rank: 61
VEU Omega Ratio Rank: 62
VEU Calmar Ratio Rank: 56
VEU Martin Ratio Rank: 61

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.

BB vs. VEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackBerry Limited (BB) and Vanguard FTSE All-World ex-US ETF (VEU). 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.

	BB	VEU	Difference
Sharpe ratio: Return per unit of total volatility	3.06	2.13	+0.93
Sortino ratio: Return per unit of downside risk	3.96	2.94	+1.02
Omega ratio: Gain probability vs. loss probability	1.47	1.39	+0.09
Calmar ratio: Return relative to maximum drawdown	4.25	2.85	+1.41
Martin ratio: Return relative to average drawdown	7.98	11.06	-3.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BB vs. VEU - Sharpe Ratio Comparison

The current BB Sharpe Ratio is 3.06, which is higher than the VEU Sharpe Ratio of 2.13. The chart below compares the historical Sharpe Ratios of BB and VEU, 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

	BB	VEU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.06	2.13	+0.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.54	-0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.06	0.58	-0.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.25	-0.16

Drawdowns

BB vs. VEU - Drawdown Comparison

The maximum BB drawdown since its inception was -98.57%, which is greater than VEU's maximum drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for BB and VEU.

Drawdown Indicators

	BB	VEU	Difference
Max Drawdown Largest peak-to-trough decline	-98.57%	-61.52%	-37.05%
Max Drawdown (1Y) Largest decline over 1 year	-37.00%	-11.43%	-25.57%
Max Drawdown (3Y) Largest decline over 3 years	-62.32%	-13.69%	-48.63%
Max Drawdown (5Y) Largest decline over 5 years	-86.65%	-29.31%	-57.34%
Max Drawdown (10Y) Largest decline over 10 years	-91.59%	-34.98%	-56.61%
Current Drawdown Current decline from peak	-93.10%	-0.98%	-92.12%
Average Drawdown Average peak-to-trough decline	-72.00%	-13.13%	-58.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.68%	2.93%	+16.75%

Volatility

BB vs. VEU - Volatility Comparison

BlackBerry Limited (BB) has a higher volatility of 21.14% compared to Vanguard FTSE All-World ex-US ETF (VEU) at 5.59%. This indicates that BB's price experiences larger fluctuations and is considered to be riskier than VEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BB	VEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.14%	5.59%	+15.55%
Volatility (6M) Calculated over the trailing 6-month period	39.78%	13.04%	+26.74%
Volatility (1Y) Calculated over the trailing 1-year period	51.43%	15.29%	+36.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.85%	16.07%	+41.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.69%	17.21%	+42.48%

Dividends

BB vs. VEU - Dividend Comparison

BB has not paid dividends to shareholders, while VEU's dividend yield for the trailing twelve months is around 2.61%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BB BlackBerry Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEU Vanguard FTSE All-World ex-US ETF	2.61%	3.09%	3.24%	3.32%	3.12%	3.08%	2.00%	3.10%	3.27%	2.66%	2.96%	2.95%

Frequently Asked Questions

Can I hold both BB and VEU in my portfolio?

BB and VEU have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BB or VEU?

BB has higher volatility (21.14%) compared to VEU (5.59%). In terms of maximum drawdown, BB dropped -98.57% vs VEU's -61.52%.

Which has better risk-adjusted returns?

BB currently has the higher Sharpe Ratio (3.06 vs 2.13), 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.