CORO vs. VEU
CORO (iShares International Country Rotation Active ETF) and VEU (Vanguard FTSE All-World ex-US ETF) are both exchange-traded funds - CORO is a Tactical Allocation fund actively managed by iShares, while VEU is a Foreign Large Cap Equities fund tracking the FTSE All-World ex US Index. CORO is actively managed, while VEU is passively managed. Over the past year, CORO returned 37.63% vs 32.37% for VEU. With a 0.98 correlation, they move nearly in lockstep. CORO charges 0.55%/yr vs 0.04%/yr for VEU.
Performance
CORO vs. VEU - Performance Comparison
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Returns By Period
In the year-to-date period, CORO achieves a 17.91% return, which is significantly higher than VEU's 14.60% return.
CORO
- 1D
- -0.87%
- 1M
- 6.02%
- YTD
- 17.91%
- 6M
- 20.41%
- 1Y
- 37.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VEU
- 1D
- -0.98%
- 1M
- 5.07%
- YTD
- 14.60%
- 6M
- 17.34%
- 1Y
- 32.37%
- 3Y*
- 19.62%
- 5Y*
- 8.67%
- 10Y*
- 9.94%
CORO vs. VEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CORO iShares International Country Rotation Active ETF | 17.91% | 35.09% | -3.56% |
VEU Vanguard FTSE All-World ex-US ETF | 14.60% | 32.35% | -3.36% |
Correlation
The correlation between CORO and VEU is 0.98 - 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 | 0.98 |
Correlation (All Time) Calculated using the full available price history since Dec 5, 2024 | 0.98 |
The correlation between CORO and VEU has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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Return for Risk
CORO vs. VEU — Risk / Return Rank
CORO
VEU
CORO vs. VEU - 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 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.
| CORO | VEU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.39 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 2.85 | +0.51 |
| Martin ratioReturn relative to average drawdown | 13.43 | 11.06 | +2.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CORO | VEU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 2.13 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.54 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.02 | 0.25 | +1.77 |
Drawdowns
CORO vs. VEU - Drawdown Comparison
The maximum CORO drawdown since its inception was -14.13%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for CORO and VEU.
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Drawdown Indicators
| CORO | VEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.13% | -61.52% | +47.39% |
Max Drawdown (1Y)Largest decline over 1 year | -11.25% | -11.43% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.69% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.31% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.98% | — |
Current DrawdownCurrent decline from peak | -0.87% | -0.98% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -1.74% | -13.13% | +11.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.93% | -0.12% |
Volatility
CORO vs. VEU - Volatility Comparison
iShares International Country Rotation Active ETF (CORO) and Vanguard FTSE All-World ex-US ETF (VEU) have volatilities of 5.41% and 5.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CORO | VEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 5.59% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 13.21% | 13.04% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.44% | 15.29% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.66% | 16.07% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.66% | 17.21% | -0.55% |
CORO vs. VEU - Expense Ratio Comparison
CORO has a 0.55% expense ratio, which is higher than VEU's 0.04% expense ratio.
Dividends
CORO vs. VEU - Dividend Comparison
CORO's dividend yield for the trailing twelve months is around 2.72%, more than VEU's 2.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORO iShares International Country Rotation Active ETF | 2.72% | 3.20% | 1.53% | 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 | 2.61% | 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
With a correlation of 0.98, CORO and VEU 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.
VEU has higher volatility (5.59%) compared to CORO (5.41%). In terms of maximum drawdown, CORO dropped -14.13% vs VEU's -61.52%.
On 1-year performance, CORO leads with 37.63% vs 32.37% for VEU. On fees, VEU is cheaper at 0.04% per year. On volatility, CORO has been the lower-risk option at 5.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CORO has performed better with a 37.63% return vs 32.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VEU is cheaper with a 0.04% expense ratio, compared with 0.55% for CORO.
CORO has the higher dividend yield at 2.72%, compared with 2.61% for VEU.
CORO is categorized as Tactical Allocation, while VEU is Foreign Large Cap Equities. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.55% for CORO and 0.04% for VEU.
CORO currently has the higher Sharpe Ratio (2.45 vs 2.13), 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.
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