DOL vs. VEA

Last updated Jun 4, 2026

DOL (WisdomTree International LargeCap Dividend Fund) and VEA (Vanguard FTSE Developed Markets ETF) are both Foreign Large Cap Equities funds - DOL tracks the WisdomTree International LargeCap Dividend Index while VEA tracks the FTSE Developed All Cap ex US Index. Both are passively managed. Over the past 10 years, DOL returned 9.61%/yr vs 10.17%/yr for VEA. With a 0.96 correlation, they move nearly in lockstep. DOL charges 0.48%/yr vs 0.03%/yr for VEA.

Performance

DOL vs. VEA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International LargeCap Dividend Fund (DOL) and Vanguard FTSE Developed Markets ETF (VEA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with DOL having a 14.27% return and VEA slightly higher at 14.92%. Over the past 10 years, DOL has underperformed VEA with an annualized return of 9.61%, while VEA has yielded a comparatively higher 10.17% annualized return.

DOL

• 1D: -0.42%
• 1M: 5.12%
• YTD: 14.27%
• 6M: 18.14%
• 1Y: 29.70%
• 3Y*: 20.90%
• 5Y*: 12.14%
• 10Y*: 9.61%

VEA

• 1D: -0.90%
• 1M: 5.54%
• YTD: 14.92%
• 6M: 18.15%
• 1Y: 32.48%
• 3Y*: 19.77%
• 5Y*: 9.60%
• 10Y*: 10.17%

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

DOL vs. VEA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DOL WisdomTree International LargeCap Dividend Fund	14.27%	37.35%	4.08%	16.77%	-6.72%	11.54%	-3.22%	19.47%	-12.93%	22.25%
VEA Vanguard FTSE Developed Markets ETF	14.92%	35.16%	3.15%	17.93%	-15.34%	11.66%	9.71%	22.62%	-14.75%	26.42%

Correlation

The correlation between DOL and VEA is 0.95 - 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jul 27, 2007	0.96

The correlation between DOL and VEA has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

DOL vs. VEA - Sectors Allocation Comparison

Sectors	DOL	VEA
Financial Services	24.3%	23.3%
Industrials	15.9%	19.2%
Technology	14.1%	13.8%
Healthcare	8.3%	8.2%
Consumer Cyclical	7.6%	7.5%
Consumer Defensive	7.6%	5.6%
Utilities	6.0%	3.3%
Communication Services	5.4%	3.4%
Basic Materials	5.1%	7.5%
Energy	4.7%	5.4%
Real Estate	1.2%	2.7%

Return for Risk

DOL vs. VEA — Risk / Return Rank

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

DOL

DOL Risk / Return Rank: 57
DOL Sharpe Ratio Rank: 58
DOL Sortino Ratio Rank: 57
DOL Omega Ratio Rank: 59
DOL Calmar Ratio Rank: 53
DOL Martin Ratio Rank: 57

VEA

VEA Risk / Return Rank: 59
VEA Sharpe Ratio Rank: 60
VEA Sortino Ratio Rank: 60
VEA Omega Ratio Rank: 60
VEA Calmar Ratio Rank: 55
VEA Martin Ratio Rank: 60

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.

DOL vs. VEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International LargeCap Dividend Fund (DOL) 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.

	DOL	VEA	Difference
Sharpe ratio: Return per unit of total volatility	1.99	2.09	-0.09
Sortino ratio: Return per unit of downside risk	2.74	2.87	-0.14
Omega ratio: Gain probability vs. loss probability	1.36	1.38	-0.01
Calmar ratio: Return relative to maximum drawdown	2.63	2.81	-0.17
Martin ratio: Return relative to average drawdown	9.90	10.94	-1.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DOL vs. VEA - Sharpe Ratio Comparison

The current DOL Sharpe Ratio is 1.99, which is comparable to the VEA Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of DOL 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.

Sharpe Ratios by Period

	DOL	VEA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	2.09	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.58	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.59	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.25	+0.03

Drawdowns

DOL vs. VEA - Drawdown Comparison

The maximum DOL drawdown since its inception was -60.79%, roughly equal to the maximum VEA drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for DOL and VEA.

Drawdown Indicators

	DOL	VEA	Difference
Max Drawdown Largest peak-to-trough decline	-60.79%	-60.68%	-0.11%
Max Drawdown (1Y) Largest decline over 1 year	-11.33%	-11.63%	+0.30%
Max Drawdown (3Y) Largest decline over 3 years	-12.44%	-13.45%	+1.01%
Max Drawdown (5Y) Largest decline over 5 years	-24.57%	-29.71%	+5.14%
Max Drawdown (10Y) Largest decline over 10 years	-35.99%	-35.73%	-0.26%
Current Drawdown Current decline from peak	-0.42%	-0.90%	+0.48%
Average Drawdown Average peak-to-trough decline	-13.63%	-13.29%	-0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	2.98%	+0.03%

Volatility

DOL vs. VEA - Volatility Comparison

The current volatility for WisdomTree International LargeCap Dividend Fund (DOL) is 5.28%, while Vanguard FTSE Developed Markets ETF (VEA) has a volatility of 5.66%. This indicates that DOL experiences smaller price fluctuations and is considered to be less risky than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOL	VEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.28%	5.66%	-0.38%
Volatility (6M) Calculated over the trailing 6-month period	12.75%	13.32%	-0.57%
Volatility (1Y) Calculated over the trailing 1-year period	15.00%	15.66%	-0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.38%	16.55%	-1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.70%	17.36%	-0.66%

DOL vs. VEA - Expense Ratio Comparison

DOL has a 0.48% expense ratio, which is higher than VEA's 0.03% expense ratio.

Dividends

DOL vs. VEA - Dividend Comparison

DOL's dividend yield for the trailing twelve months is around 2.45%, less than VEA's 2.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DOL WisdomTree International LargeCap Dividend Fund	2.45%	2.83%	3.78%	4.02%	4.47%	3.58%	2.82%	3.50%	4.03%	3.17%	3.58%	3.66%
VEA Vanguard FTSE Developed Markets ETF	2.62%	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 DOL and VEA in my portfolio?

With a correlation of 0.95, DOL 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, DOL or VEA?

VEA has higher volatility (5.66%) compared to DOL (5.28%). In terms of maximum drawdown, DOL dropped -60.79% vs VEA's -60.68%.

Which ETF is better, DOL or VEA?

On 10-year performance, VEA leads with 10.17% vs 9.61% for DOL. On fees, VEA is cheaper at 0.03% per year. On volatility, DOL has been the lower-risk option at 5.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DOL or VEA?

Over the 10-year period, VEA has performed better with a 10.17% return vs 9.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DOL or VEA?

VEA is cheaper with a 0.03% expense ratio, compared with 0.48% for DOL.

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

VEA has the higher dividend yield at 2.62%, compared with 2.45% for DOL.

What is the main difference between DOL and VEA?

DOL tracks WisdomTree International LargeCap Dividend Index, while VEA tracks FTSE Developed All Cap ex US Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.48% for DOL and 0.03% for VEA.

Which has better risk-adjusted returns?

VEA currently has the higher Sharpe Ratio (2.09 vs 1.99), 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.