BLK vs. VEA

Last updated Jun 9, 2026

BLK (BlackRock, Inc.) is a stock, while VEA (Vanguard FTSE Developed Markets ETF) is Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index. Over the past 10 years, BLK returned 13.89%/yr vs 10.14%/yr for VEA. A 0.65 correlation means they provide meaningful diversification when combined.

Performance

BLK vs. VEA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock, Inc. (BLK) 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, BLK achieves a -6.02% return, which is significantly lower than VEA's 12.02% return. Over the past 10 years, BLK has outperformed VEA with an annualized return of 13.89%, while VEA has yielded a comparatively lower 10.14% annualized return.

BLK

• 1D: -0.08%
• 1M: -7.79%
• YTD: -6.02%
• 6M: -5.28%
• 1Y: 2.69%
• 3Y*: 15.91%
• 5Y*: 5.20%
• 10Y*: 13.89%

VEA

• 1D: 1.00%
• 1M: -1.37%
• YTD: 12.02%
• 6M: 14.95%
• 1Y: 28.06%
• 3Y*: 18.65%
• 5Y*: 9.09%
• 10Y*: 10.14%

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

BLK vs. VEA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BLK BlackRock, Inc.	-6.02%	6.55%	29.29%	17.86%	-20.40%	29.39%	47.21%	31.87%	-21.59%	38.20%
VEA Vanguard FTSE Developed Markets ETF	12.02%	35.16%	3.15%	17.93%	-15.34%	11.66%	9.71%	22.62%	-14.75%	26.42%

Correlation

The correlation between BLK and VEA is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jul 27, 2007	0.65

The correlation between BLK and VEA shifts across timeframes, from 0.55 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BLK vs. VEA — Risk / Return Rank

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

BLK

BLK Risk / Return Rank: 42
BLK Sharpe Ratio Rank: 46
BLK Sortino Ratio Rank: 38
BLK Omega Ratio Rank: 38
BLK Calmar Ratio Rank: 45
BLK Martin Ratio Rank: 45

VEA

VEA Risk / Return Rank: 56
VEA Sharpe Ratio Rank: 57
VEA Sortino Ratio Rank: 55
VEA Omega Ratio Rank: 57
VEA Calmar Ratio Rank: 54
VEA Martin Ratio Rank: 58

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.

BLK vs. VEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock, Inc. (BLK) 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.

	BLK	VEA	Difference
Sharpe ratio: Return per unit of total volatility	0.10	1.75	-1.64
Sortino ratio: Return per unit of downside risk	0.32	2.39	-2.07
Omega ratio: Gain probability vs. loss probability	1.04	1.32	-0.28
Calmar ratio: Return relative to maximum drawdown	0.12	2.42	-2.30
Martin ratio: Return relative to average drawdown	0.27	9.39	-9.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BLK vs. VEA - Sharpe Ratio Comparison

The current BLK Sharpe Ratio is 0.10, which is lower than the VEA Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of BLK 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

	BLK	VEA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	1.75	-1.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.55	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.59	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.24	+0.35

Drawdowns

BLK vs. VEA - Drawdown Comparison

The maximum BLK drawdown since its inception was -60.36%, roughly equal to the maximum VEA drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for BLK and VEA.

Drawdown Indicators

	BLK	VEA	Difference
Max Drawdown Largest peak-to-trough decline	-60.36%	-60.68%	+0.32%
Max Drawdown (1Y) Largest decline over 1 year	-22.45%	-11.63%	-10.82%
Max Drawdown (3Y) Largest decline over 3 years	-23.74%	-13.45%	-10.29%
Max Drawdown (5Y) Largest decline over 5 years	-43.90%	-29.71%	-14.19%
Max Drawdown (10Y) Largest decline over 10 years	-43.90%	-35.73%	-8.17%
Current Drawdown Current decline from peak	-15.94%	-3.40%	-12.54%
Average Drawdown Average peak-to-trough decline	-11.93%	-13.29%	+1.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.90%	3.00%	+6.90%

Volatility

BLK vs. VEA - Volatility Comparison

BlackRock, Inc. (BLK) has a higher volatility of 8.39% compared to Vanguard FTSE Developed Markets ETF (VEA) at 6.03%. This indicates that BLK's price experiences larger fluctuations and is considered to be riskier than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BLK	VEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.39%	6.03%	+2.36%
Volatility (6M) Calculated over the trailing 6-month period	20.52%	13.91%	+6.61%
Volatility (1Y) Calculated over the trailing 1-year period	25.84%	16.15%	+9.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.77%	16.63%	+10.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.77%	17.40%	+10.37%

Dividends

BLK vs. VEA - Dividend Comparison

BLK's dividend yield for the trailing twelve months is around 2.20%, less than VEA's 2.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLK BlackRock, Inc.	2.20%	1.95%	1.99%	2.46%	2.75%	1.80%	2.01%	2.63%	3.08%	1.95%	2.41%	2.56%
VEA Vanguard FTSE Developed Markets ETF	2.69%	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 BLK and VEA in my portfolio?

BLK and VEA have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BLK or VEA?

BLK has higher volatility (8.39%) compared to VEA (6.03%). In terms of maximum drawdown, BLK dropped -60.36% vs VEA's -60.68%.

Which has better risk-adjusted returns?

VEA currently has the higher Sharpe Ratio (1.75 vs 0.10), 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.