CCSO vs. VEA

Last updated Aug 2, 2026

CCSO (Carbon Collective Climate Solutions U.S. Equity ETF) and VEA (Vanguard FTSE Developed Markets ETF) are both exchange-traded funds - CCSO is a Mid Cap Blend Equities fund actively managed by Carbon Collective, while VEA is a Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index. CCSO is actively managed, while VEA is passively managed. Over the past 3 years, CCSO returned 7.88%/yr vs 18.08%/yr for VEA. Their 0.73 correlation means they have sometimes moved together and sometimes differently. CCSO charges 0.35%/yr vs 0.03%/yr for VEA.

Performance

CCSO vs. VEA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Carbon Collective Climate Solutions U.S. Equity ETF (CCSO) 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, CCSO achieves a 6.31% return, which is significantly lower than VEA's 13.84% return.

CCSO

• 1D: -0.75%
• 1M: -3.67%
• 6M: -0.85%
• YTD: 6.31%
• 1Y: 12.92%
• 3Y*: 7.88%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.05%

VEA

• 1D: -0.66%
• 1M: -0.27%
• 6M: 7.42%
• YTD: 13.84%
• 1Y: 29.71%
• 3Y*: 18.08%
• 5Y*: 9.76%
• 10Y*: 10.05%
• ALL TIME*: 5.13%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CCSO Carbon Collective Climate Solutions U.S. Equity ETF	$68.20K	$82.96K	$97.75K
VEA Vanguard FTSE Developed Markets ETF	$674.44M	$796.70M	$806.62M

CCSO vs. VEA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CCSO Carbon Collective Climate Solutions U.S. Equity ETF	6.31%	21.79%	3.89%	14.58%	-12.52%
VEA Vanguard FTSE Developed Markets ETF	13.84%	35.16%	3.15%	17.93%	7.25%

Correlation

The correlation between CCSO and VEA is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (All Time) Calculated using the full available price history since Sep 20, 2022	0.73

The correlation between CCSO and VEA has been stable across timeframes, ranging from 0.72 to 0.74 - a consistent structural relationship.

CCSO vs. VEA - Sectors Allocation Comparison

Sectors	CCSO	VEA
Industrials	52.2%	17.9%
Basic Materials	15.2%	6.9%
Technology	10.0%	18.4%
Consumer Cyclical	8.8%	7.3%
Utilities	6.9%	3.1%
Energy	6.4%	4.5%
Financial Services	0.5%	23.1%
Consumer Defensive	0.1%	5.3%
Communication Services	-	3.2%
Healthcare	-	7.9%
Real Estate	-	2.5%

Return for Risk

CCSO vs. VEA — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CCSO

CCSO Risk / Return Rank: 24
CCSO Sharpe Ratio Rank: 23
CCSO Sortino Ratio Rank: 23
CCSO Omega Ratio Rank: 22
CCSO Calmar Ratio Rank: 25
CCSO Martin Ratio Rank: 26

VEA

VEA Risk / Return Rank: 75
VEA Sharpe Ratio Rank: 76
VEA Sortino Ratio Rank: 74
VEA Omega Ratio Rank: 75
VEA Calmar Ratio Rank: 73
VEA Martin Ratio Rank: 76

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CCSO vs. VEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Carbon Collective Climate Solutions U.S. Equity ETF (CCSO) 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.

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.

	CCSO	VEA	Difference
Sharpe ratio: Return per unit of total volatility	0.50	1.71	-1.21
Sortino ratio: Return per unit of downside risk	0.83	2.37	-1.54
Omega ratio: Gain probability vs. loss probability	1.10	1.31	-0.21
Calmar ratio: Return relative to maximum drawdown	0.76	2.53	-1.76
Martin ratio: Return relative to average drawdown	2.18	9.44	-7.27

CCSO vs. VEA - Sharpe Ratio Comparison

The current CCSO Sharpe Ratio is 0.50, which is lower than the VEA Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of CCSO 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.

Drawdowns

CCSO vs. VEA - Drawdown Comparison

The maximum CCSO drawdown since its inception was -23.69%, smaller than the maximum VEA drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for CCSO and VEA.

Drawdown Indicators

	CCSO	VEA	Difference
Max Drawdown Largest peak-to-trough decline	-23.69%	-60.68%	+36.99%
Max Drawdown (1Y) Largest decline over 1 year	-14.75%	-11.63%	-3.12%
Max Drawdown (3Y) Largest decline over 3 years	-22.82%	-13.45%	-9.37%
Max Drawdown (5Y) Largest decline over 5 years	—	-29.71%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.73%	—
Current Drawdown Current decline from peak	-12.82%	-2.45%	-10.37%
Average Drawdown Average peak-to-trough decline	-7.26%	-13.20%	+5.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.17%	3.10%	+2.07%

Volatility

CCSO vs. VEA - Volatility Comparison

Carbon Collective Climate Solutions U.S. Equity ETF (CCSO) has a higher volatility of 6.20% compared to Vanguard FTSE Developed Markets ETF (VEA) at 5.40%. This indicates that CCSO'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

	CCSO	VEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.20%	5.40%	+0.80%
Volatility (6M) Calculated over the trailing 6-month period	18.11%	15.40%	+2.71%
Volatility (1Y) Calculated over the trailing 1-year period	22.74%	17.25%	+5.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.28%	16.84%	+6.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.28%	17.21%	+6.07%

CCSO vs. VEA - Expense Ratio Comparison

CCSO has a 0.35% expense ratio, which is higher than VEA's 0.03% expense ratio.

Dividends

CCSO vs. VEA - Dividend Comparison

CCSO's dividend yield for the trailing twelve months is around 0.60%, less than VEA's 2.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCSO Carbon Collective Climate Solutions U.S. Equity ETF	0.60%	0.63%	0.53%	0.80%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEA Vanguard FTSE Developed Markets ETF	2.57%	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 CCSO and VEA in my portfolio?

CCSO and VEA have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CCSO or VEA?

CCSO has higher volatility (6.20%) compared to VEA (5.40%). In terms of maximum drawdown, CCSO dropped -23.69% vs VEA's -60.68%.

Which ETF is better, CCSO or VEA?

On 3-year performance, VEA leads with 18.08% vs 7.88% for CCSO. On fees, VEA is cheaper at 0.03% per year. On volatility, VEA has been the lower-risk option at 5.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CCSO or VEA?

Over the 3-year period, VEA has performed better with a 18.08% return vs 7.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CCSO or VEA?

VEA is cheaper with a 0.03% expense ratio, compared with 0.35% for CCSO.

Which ETF pays a higher dividend yield, CCSO or VEA?

VEA has the higher dividend yield at 2.57%, compared with 0.60% for CCSO.

What is the main difference between CCSO and VEA?

CCSO is categorized as Mid Cap Blend Equities, while VEA is Foreign Large Cap Equities. They also come from different issuers: Carbon Collective and Vanguard. Their fees differ too: 0.35% for CCSO and 0.03% for VEA.

Which has better risk-adjusted returns?

VEA currently has the higher Sharpe Ratio (1.71 vs 0.50), 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.