ECON vs. VWO
Compare and contrast key facts about Columbia Emerging Markets Consumer ETF (ECON) and Vanguard FTSE Emerging Markets ETF (VWO).
ECON and VWO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ECON is a passively managed fund by Ameriprise Financial that tracks the performance of the Dow Jones Emerging Markets Consumer Titans Index. It was launched on Sep 14, 2010. VWO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Mar 4, 2005. Both ECON and VWO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ECON or VWO.
Key characteristics
| ECON | VWO | |
|---|---|---|
| YTD Return | 1.23% | 5.33% |
| 1Y Return | 8.87% | 12.98% |
| 3Y Return (Ann) | -7.19% | -3.34% |
| 5Y Return (Ann) | -0.59% | 2.92% |
| 10Y Return (Ann) | -1.10% | 3.47% |
| Sharpe Ratio | 0.60 | 0.93 |
| Daily Std Dev | 14.65% | 13.94% |
| Max Drawdown | -45.37% | -67.68% |
| Current Drawdown | -31.44% | -15.21% |
Correlation
The correlation between ECON and VWO is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ECON vs. VWO - Performance Comparison
In the year-to-date period, ECON achieves a 1.23% return, which is significantly lower than VWO's 5.33% return. Over the past 10 years, ECON has underperformed VWO with an annualized return of -1.10%, while VWO has yielded a comparatively higher 3.47% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ECON vs. VWO - Expense Ratio Comparison
ECON has a 0.49% expense ratio, which is higher than VWO's 0.08% expense ratio.
Risk-Adjusted Performance
ECON vs. VWO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Emerging Markets Consumer ETF (ECON) and Vanguard FTSE Emerging Markets ETF (VWO). 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.
Dividends
ECON vs. VWO - Dividend Comparison
ECON's dividend yield for the trailing twelve months is around 1.55%, less than VWO's 3.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECON Columbia Emerging Markets Consumer ETF | 1.55% | 1.57% | 2.06% | 1.08% | 0.63% | 1.68% | 0.98% | 0.35% | 0.74% | 1.10% | 1.20% | 0.73% |
VWO Vanguard FTSE Emerging Markets ETF | 3.37% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% | 2.86% | 2.73% |
Drawdowns
ECON vs. VWO - Drawdown Comparison
The maximum ECON drawdown since its inception was -45.37%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for ECON and VWO. For additional features, visit the drawdowns tool.
Volatility
ECON vs. VWO - Volatility Comparison
Columbia Emerging Markets Consumer ETF (ECON) and Vanguard FTSE Emerging Markets ETF (VWO) have volatilities of 4.70% and 4.56%, 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.