CEFA vs. VEU
Compare and contrast key facts about Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) and Vanguard FTSE All-World ex-US ETF (VEU).
CEFA and VEU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CEFA is a passively managed fund by Global X that tracks the performance of the S&P Developed ex-U.S. Catholic Values Index. It was launched on Jun 22, 2020. VEU is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World ex US Index. It was launched on Mar 2, 2007. Both CEFA and VEU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CEFA or VEU.
Key characteristics
| CEFA | VEU | |
|---|---|---|
| YTD Return | 9.75% | 9.77% |
| 1Y Return | 17.56% | 16.18% |
| 3Y Return (Ann) | 1.38% | 1.72% |
| Sharpe Ratio | 1.32 | 1.38 |
| Daily Std Dev | 14.33% | 12.68% |
| Max Drawdown | -31.97% | -61.52% |
| Current Drawdown | -3.82% | -1.36% |
Correlation
The correlation between CEFA and VEU is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CEFA vs. VEU - Performance Comparison
The year-to-date returns for both investments are quite close, with CEFA having a 9.75% return and VEU slightly higher at 9.77%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CEFA vs. VEU - Expense Ratio Comparison
CEFA has a 0.35% expense ratio, which is higher than VEU's 0.07% expense ratio.
Risk-Adjusted Performance
CEFA vs. VEU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) 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.
Dividends
CEFA vs. VEU - Dividend Comparison
CEFA's dividend yield for the trailing twelve months is around 3.15%, more than VEU's 2.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF | 3.15% | 2.35% | 2.35% | 3.49% | 0.84% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEU Vanguard FTSE All-World ex-US ETF | 2.98% | 3.32% | 3.12% | 3.08% | 2.00% | 3.10% | 3.27% | 2.66% | 2.96% | 2.95% | 3.52% | 2.66% |
Drawdowns
CEFA vs. VEU - Drawdown Comparison
The maximum CEFA drawdown since its inception was -31.97%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for CEFA and VEU. For additional features, visit the drawdowns tool.
Volatility
CEFA vs. VEU - Volatility Comparison
Global X S&P Catholic Values Developed ex-U.S. ETF (CEFA) has a higher volatility of 6.40% compared to Vanguard FTSE All-World ex-US ETF (VEU) at 4.17%. This indicates that CEFA'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.