CORO vs. VEA

Last updated Jun 26, 2026

CORO (iShares International Country Rotation Active ETF) and VEA (Vanguard FTSE Developed Markets ETF) are both exchange-traded funds - CORO is a Tactical Allocation fund actively managed by iShares, while VEA is a Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index. CORO is actively managed, while VEA is passively managed. Over the past year, CORO returned 34.51% vs 31.05% for VEA. With a 0.96 correlation, they move nearly in lockstep. CORO charges 0.55%/yr vs 0.03%/yr for VEA.

Performance

CORO vs. VEA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares International Country Rotation Active ETF (CORO) 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, CORO achieves a 17.11% return, which is significantly higher than VEA's 14.71% return.

CORO

• 1D: 0.75%
• 1M: -0.08%
• YTD: 17.11%
• 6M: 17.01%
• 1Y: 34.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VEA

• 1D: 1.25%
• 1M: -0.34%
• YTD: 14.71%
• 6M: 14.32%
• 1Y: 31.05%
• 3Y*: 19.91%
• 5Y*: 9.74%
• 10Y*: 11.09%

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

CORO vs. VEA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CORO iShares International Country Rotation Active ETF	17.11%	35.09%	-3.56%
VEA Vanguard FTSE Developed Markets ETF	14.71%	35.16%	-4.00%

Correlation

The correlation between CORO and VEA is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.96

The correlation between CORO and VEA has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.

CORO vs. VEA - Sectors Allocation Comparison

Sectors	CORO	VEA
Technology	24.8%	16.6%
Financial Services	22.7%	22.3%
Industrials	13.7%	17.5%
Consumer Cyclical	7.0%	7.4%
Healthcare	5.9%	7.6%
Basic Materials	5.3%	7.5%
Energy	5.2%	4.7%
Consumer Defensive	4.9%	5.5%
Communication Services	4.8%	3.2%
Utilities	3.5%	3.0%
Real Estate	2.1%	2.5%

Return for Risk

CORO vs. VEA — Risk / Return Rank

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

CORO

CORO Risk / Return Rank: 73
CORO Sharpe Ratio Rank: 75
CORO Sortino Ratio Rank: 71
CORO Omega Ratio Rank: 75
CORO Calmar Ratio Rank: 70
CORO Martin Ratio Rank: 74

VEA

VEA Risk / Return Rank: 65
VEA Sharpe Ratio Rank: 66
VEA Sortino Ratio Rank: 63
VEA Omega Ratio Rank: 67
VEA Calmar Ratio Rank: 63
VEA Martin Ratio Rank: 65

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.

CORO vs. VEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Country Rotation Active ETF (CORO) 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.

	CORO	VEA	Difference
Sharpe ratio: Return per unit of total volatility	2.08	1.86	+0.22
Sortino ratio: Return per unit of downside risk	2.78	2.53	+0.25
Omega ratio: Gain probability vs. loss probability	1.39	1.34	+0.04
Calmar ratio: Return relative to maximum drawdown	3.08	2.68	+0.40
Martin ratio: Return relative to average drawdown	12.03	10.30	+1.73

CORO vs. VEA - Sharpe Ratio Comparison

The current CORO Sharpe Ratio is 2.08, which is comparable to the VEA Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of CORO 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

CORO vs. VEA - Drawdown Comparison

The maximum CORO drawdown since its inception was -14.13%, smaller than the maximum VEA drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for CORO and VEA.

Drawdown Indicators

	CORO	VEA	Difference
Max Drawdown Largest peak-to-trough decline	-14.13%	-60.68%	+46.55%
Max Drawdown (1Y) Largest decline over 1 year	-11.25%	-11.63%	+0.38%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.45%	—
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	-2.49%	-1.70%	-0.79%
Average Drawdown Average peak-to-trough decline	-1.75%	-13.25%	+11.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	3.02%	-0.14%

Volatility

CORO vs. VEA - Volatility Comparison

iShares International Country Rotation Active ETF (CORO) has a higher volatility of 7.34% compared to Vanguard FTSE Developed Markets ETF (VEA) at 6.94%. This indicates that CORO'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

	CORO	VEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.34%	6.94%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	14.84%	14.77%	+0.07%
Volatility (1Y) Calculated over the trailing 1-year period	16.71%	16.78%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.26%	16.77%	+0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.26%	17.20%	+0.06%

CORO vs. VEA - Expense Ratio Comparison

CORO has a 0.55% expense ratio, which is higher than VEA's 0.03% expense ratio.

Dividends

CORO vs. VEA - Dividend Comparison

CORO's dividend yield for the trailing twelve months is around 2.74%, more than VEA's 2.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CORO iShares International Country Rotation Active ETF	2.74%	3.20%	1.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEA Vanguard FTSE Developed Markets ETF	2.55%	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 CORO and VEA in my portfolio?

With a correlation of 0.96, CORO and VEA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CORO or VEA?

CORO has higher volatility (7.34%) compared to VEA (6.94%). In terms of maximum drawdown, CORO dropped -14.13% vs VEA's -60.68%.

Which ETF is better, CORO or VEA?

On 1-year performance, CORO leads with 34.51% vs 31.05% for VEA. On fees, VEA is cheaper at 0.03% per year. On volatility, VEA has been the lower-risk option at 6.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CORO or VEA?

Over the 1-year period, CORO has performed better with a 34.51% return vs 31.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CORO or VEA?

VEA is cheaper with a 0.03% expense ratio, compared with 0.55% for CORO.

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

CORO has the higher dividend yield at 2.74%, compared with 2.55% for VEA.

What is the main difference between CORO and VEA?

CORO is categorized as Tactical Allocation, while VEA is Foreign Large Cap Equities. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.55% for CORO and 0.03% for VEA.

Which has better risk-adjusted returns?

CORO currently has the higher Sharpe Ratio (2.08 vs 1.86), 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.