CHWY vs. VEU

Last updated Jun 23, 2026

CHWY (Chewy, Inc.) 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 5 years, CHWY returned -25.99%/yr vs 9.48%/yr for VEU. At a 0.30 correlation, their price movements are largely independent.

Performance

CHWY vs. VEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Chewy, Inc. (CHWY) 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, CHWY achieves a -47.02% return, which is significantly lower than VEU's 16.58% return.

CHWY

• 1D: -3.84%
• 1M: -15.53%
• YTD: -47.02%
• 6M: -46.09%
• 1Y: -58.22%
• 3Y*: -23.59%
• 5Y*: -25.99%
• 10Y*: —

VEU

• 1D: 0.37%
• 1M: 3.87%
• YTD: 16.58%
• 6M: 17.12%
• 1Y: 35.21%
• 3Y*: 20.50%
• 5Y*: 9.48%
• 10Y*: 10.74%

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

CHWY vs. VEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CHWY Chewy, Inc.	-47.02%	-1.31%	41.73%	-36.27%	-37.12%	-34.40%	209.97%	-19.44%
VEU Vanguard FTSE All-World ex-US ETF	16.58%	32.35%	5.56%	15.84%	-15.58%	8.27%	11.10%	10.11%

Correlation

The correlation between CHWY and VEU is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jun 14, 2019	0.30

The correlation between CHWY and VEU shifts across timeframes, from 0.15 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

CHWY vs. VEU — Risk / Return Rank

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

CHWY

CHWY Risk / Return Rank: 2
CHWY Sharpe Ratio Rank: 2
CHWY Sortino Ratio Rank: 2
CHWY Omega Ratio Rank: 3
CHWY Calmar Ratio Rank: 2
CHWY Martin Ratio Rank: 2

VEU

VEU Risk / Return Rank: 68
VEU Sharpe Ratio Rank: 70
VEU Sortino Ratio Rank: 68
VEU Omega Ratio Rank: 71
VEU Calmar Ratio Rank: 64
VEU Martin Ratio Rank: 67

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.

CHWY vs. VEU - Risk-Adjusted Trends Comparison

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

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.

	CHWY	VEU	Difference
Sharpe ratio: Return per unit of total volatility	-1.27	2.19	-3.46
Sortino ratio: Return per unit of downside risk	-2.18	2.98	-5.16
Omega ratio: Gain probability vs. loss probability	0.75	1.40	-0.65
Calmar ratio: Return relative to maximum drawdown	-0.98	3.10	-4.07
Martin ratio: Return relative to average drawdown	-1.87	11.87	-13.75

CHWY vs. VEU - Sharpe Ratio Comparison

The current CHWY Sharpe Ratio is -1.27, which is lower than the VEU Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of CHWY 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.

Drawdowns

CHWY vs. VEU - Drawdown Comparison

The maximum CHWY drawdown since its inception was -87.37%, which is greater than VEU's maximum drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for CHWY and VEU.

Drawdown Indicators

	CHWY	VEU	Difference
Max Drawdown Largest peak-to-trough decline	-87.37%	-61.52%	-25.85%
Max Drawdown (1Y) Largest decline over 1 year	-59.68%	-11.43%	-48.25%
Max Drawdown (3Y) Largest decline over 3 years	-63.68%	-13.69%	-49.99%
Max Drawdown (5Y) Largest decline over 5 years	-84.34%	-29.14%	-55.20%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.98%	—
Current Drawdown Current decline from peak	-85.25%	0.00%	-85.25%
Average Drawdown Average peak-to-trough decline	-54.26%	-13.10%	-41.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.09%	2.97%	+28.12%

Volatility

CHWY vs. VEU - Volatility Comparison

Chewy, Inc. (CHWY) has a higher volatility of 13.96% compared to Vanguard FTSE All-World ex-US ETF (VEU) at 6.30%. This indicates that CHWY'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

	CHWY	VEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.96%	6.30%	+7.66%
Volatility (6M) Calculated over the trailing 6-month period	34.93%	14.12%	+20.81%
Volatility (1Y) Calculated over the trailing 1-year period	46.08%	16.16%	+29.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.65%	16.24%	+44.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.14%	17.23%	+43.91%

Dividends

CHWY vs. VEU - Dividend Comparison

CHWY has not paid dividends to shareholders, while VEU's dividend yield for the trailing twelve months is around 2.48%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHWY Chewy, Inc.	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	2.48%	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 CHWY and VEU in my portfolio?

CHWY and VEU have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHWY or VEU?

CHWY has higher volatility (13.96%) compared to VEU (6.30%). In terms of maximum drawdown, CHWY dropped -87.37% vs VEU's -61.52%.

Which has better risk-adjusted returns?

VEU currently has the higher Sharpe Ratio (2.19 vs -1.27), 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.