DOL vs. VEU

Last updated Jun 24, 2026

DOL (WisdomTree International LargeCap Dividend Fund) and VEU (Vanguard FTSE All-World ex-US ETF) are both Foreign Large Cap Equities funds - DOL tracks the WisdomTree International LargeCap Dividend Index while VEU tracks the FTSE All-World ex US Index. Both are passively managed. Over the past 10 years, DOL returned 10.29%/yr vs 10.40%/yr for VEU. Their correlation of 0.95 suggests significant overlap in exposure. DOL charges 0.48%/yr vs 0.04%/yr for VEU.

Performance

DOL vs. VEU - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with DOL having a 13.28% return and VEU slightly lower at 13.01%. Both investments have delivered pretty close results over the past 10 years, with DOL having a 10.29% annualized return and VEU not far ahead at 10.40%.

DOL

• 1D: -2.20%
• 1M: 0.43%
• YTD: 13.28%
• 6M: 13.79%
• 1Y: 29.33%
• 3Y*: 20.43%
• 5Y*: 12.22%
• 10Y*: 10.29%

VEU

• 1D: -3.06%
• 1M: 0.69%
• YTD: 13.01%
• 6M: 12.81%
• 1Y: 30.08%
• 3Y*: 19.26%
• 5Y*: 8.60%
• 10Y*: 10.40%

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

DOL vs. VEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DOL WisdomTree International LargeCap Dividend Fund	13.28%	37.35%	4.08%	16.77%	-6.72%	11.54%	-3.22%	19.47%	-12.93%	22.25%
VEU Vanguard FTSE All-World ex-US ETF	13.01%	32.35%	5.56%	15.84%	-15.58%	8.27%	11.10%	21.83%	-14.18%	27.40%

Correlation

The correlation between DOL and VEU is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Mar 8, 2007	0.95

The correlation between DOL and VEU has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

DOL vs. VEU - Sectors Allocation Comparison

Sectors	DOL	VEU
Financial Services	20.9%	22.6%
Technology	14.3%	21.6%
Industrials	13.9%	15.0%
Healthcare	7.9%	6.7%
Consumer Defensive	7.2%	4.9%
Consumer Cyclical	6.9%	8.0%
Utilities	5.6%	3.0%
Basic Materials	5.3%	7.1%
Communication Services	5.0%	4.5%
Energy	4.3%	4.7%
Real Estate	1.1%	1.9%

Return for Risk

DOL vs. VEU — Risk / Return Rank

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

DOL

DOL Risk / Return Rank: 58
DOL Sharpe Ratio Rank: 60
DOL Sortino Ratio Rank: 58
DOL Omega Ratio Rank: 59
DOL Calmar Ratio Rank: 57
DOL Martin Ratio Rank: 58

VEU

VEU Risk / Return Rank: 56
VEU Sharpe Ratio Rank: 56
VEU Sortino Ratio Rank: 54
VEU Omega Ratio Rank: 57
VEU Calmar Ratio Rank: 55
VEU Martin Ratio Rank: 59

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. VEU - Risk-Adjusted Trends Comparison

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

	DOL	VEU	Difference
Sharpe ratio: Return per unit of total volatility	1.87	1.84	+0.03
Sortino ratio: Return per unit of downside risk	2.55	2.52	+0.03
Omega ratio: Gain probability vs. loss probability	1.34	1.34	0.00
Calmar ratio: Return relative to maximum drawdown	2.60	2.64	-0.04
Martin ratio: Return relative to average drawdown	9.73	10.12	-0.39

DOL vs. VEU - Sharpe Ratio Comparison

The current DOL Sharpe Ratio is 1.87, which is comparable to the VEU Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of DOL 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

DOL vs. VEU - Drawdown Comparison

The maximum DOL drawdown since its inception was -60.79%, roughly equal to the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for DOL and VEU.

Drawdown Indicators

	DOL	VEU	Difference
Max Drawdown Largest peak-to-trough decline	-60.79%	-61.52%	+0.73%
Max Drawdown (1Y) Largest decline over 1 year	-11.33%	-11.43%	+0.10%
Max Drawdown (3Y) Largest decline over 3 years	-12.44%	-13.69%	+1.25%
Max Drawdown (5Y) Largest decline over 5 years	-24.57%	-29.14%	+4.57%
Max Drawdown (10Y) Largest decline over 10 years	-35.99%	-34.98%	-1.01%
Current Drawdown Current decline from peak	-2.52%	-3.06%	+0.54%
Average Drawdown Average peak-to-trough decline	-13.60%	-13.10%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	2.98%	+0.04%

Volatility

DOL vs. VEU - Volatility Comparison

The current volatility for WisdomTree International LargeCap Dividend Fund (DOL) is 5.80%, while Vanguard FTSE All-World ex-US ETF (VEU) has a volatility of 7.10%. This indicates that DOL experiences smaller price fluctuations and is considered to be less risky than VEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOL	VEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.80%	7.10%	-1.30%
Volatility (6M) Calculated over the trailing 6-month period	13.69%	14.47%	-0.78%
Volatility (1Y) Calculated over the trailing 1-year period	15.78%	16.44%	-0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.53%	16.30%	-0.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.44%	17.08%	-0.64%

DOL vs. VEU - Expense Ratio Comparison

DOL has a 0.48% expense ratio, which is higher than VEU's 0.04% expense ratio.

Dividends

DOL vs. VEU - Dividend Comparison

DOL's dividend yield for the trailing twelve months is around 2.47%, less than VEU's 2.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DOL WisdomTree International LargeCap Dividend Fund	2.47%	2.83%	3.78%	4.02%	4.47%	3.58%	2.82%	3.50%	4.03%	3.17%	3.58%	3.66%
VEU Vanguard FTSE All-World ex-US ETF	2.56%	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 DOL and VEU in my portfolio?

With a correlation of 0.94, DOL 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.

Which is riskier, DOL or VEU?

VEU has higher volatility (7.10%) compared to DOL (5.80%). In terms of maximum drawdown, DOL dropped -60.79% vs VEU's -61.52%.

Which ETF is better, DOL or VEU?

On 10-year performance, VEU leads with 10.40% vs 10.29% for DOL. On fees, VEU is cheaper at 0.04% per year. On volatility, DOL has been the lower-risk option at 5.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DOL or VEU?

Over the 10-year period, VEU has performed better with a 10.40% return vs 10.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DOL or VEU?

VEU is cheaper with a 0.04% expense ratio, compared with 0.48% for DOL.

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

VEU has the higher dividend yield at 2.56%, compared with 2.47% for DOL.

What is the main difference between DOL and VEU?

DOL tracks WisdomTree International LargeCap Dividend Index, while VEU tracks FTSE All-World ex US Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.48% for DOL and 0.04% for VEU.

Which has better risk-adjusted returns?

DOL currently has the higher Sharpe Ratio (1.87 vs 1.84), 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.