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EDIV vs. VWO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EDIV vs. VWO

Last updated Jun 24, 2026

EDIV (SPDR S&P Emerging Markets Dividend ETF) and VWO (Vanguard FTSE Emerging Markets ETF) are both Emerging Markets Equities funds - EDIV tracks the S&P Emerging Markets Dividend Opportunities Index while VWO tracks the FTSE Emerging Index. Both are passively managed. Over the past 10 years, EDIV returned 9.21%/yr vs 8.97%/yr for VWO. Their correlation of 0.88 suggests significant overlap in exposure. EDIV charges 0.49%/yr vs 0.08%/yr for VWO.

Performance

EDIV vs. VWO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Emerging Markets Dividend ETF (EDIV) and Vanguard FTSE Emerging Markets ETF (VWO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EDIV achieves a 5.93% return, which is significantly lower than VWO's 10.55% return. Both investments have delivered pretty close results over the past 10 years, with EDIV having a 9.21% annualized return and VWO not far behind at 8.97%.

EDIV

1D
-1.48%
1M
0.10%
YTD
5.93%
6M
5.72%
1Y
14.10%
3Y*
17.91%
5Y*
10.98%
10Y*
9.21%

VWO

1D
-3.07%
1M
0.76%
YTD
10.55%
6M
10.67%
1Y
27.03%
3Y*
17.42%
5Y*
5.09%
10Y*
8.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EDIV vs. VWO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EDIV
SPDR S&P Emerging Markets Dividend ETF		5.93%16.45%12.75%41.91%-15.31%11.21%-9.95%11.80%-6.16%28.20%
VWO
Vanguard FTSE Emerging Markets ETF		10.55%25.60%10.59%9.25%-17.98%1.26%15.17%20.75%-14.76%31.49%

Correlation

The correlation between EDIV and VWO is 0.82, 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

0.82

Correlation (3Y)
Calculated over the trailing 3-year period

0.79

Correlation (5Y)
Calculated over the trailing 5-year period

0.80

Correlation (10Y)
Calculated over the trailing 10-year period

0.84

Correlation (All Time)
Calculated using the full available price history since Feb 24, 2011

0.88

The correlation between EDIV and VWO has been stable across timeframes, ranging from 0.79 to 0.88 - a consistent structural relationship.

EDIV vs. VWO - Sectors Allocation Comparison

Sectors
EDIV
VWO

Financial Services

16.0%
16.8%

Consumer Defensive

9.3%
3.1%

Consumer Cyclical

7.6%
8.7%

Technology

6.8%
31.6%

Industrials

6.4%
6.8%

Communication Services

5.2%
5.8%

Energy

3.7%
3.6%

Real Estate

1.8%
1.8%

Utilities

1.6%
2.4%

Basic Materials

0.9%
7.0%

Healthcare

0.6%
3.4%

Financial Services

EDIV
16.0%
VWO
16.8%

Consumer Defensive

EDIV
9.3%
VWO
3.1%

Consumer Cyclical

EDIV
7.6%
VWO
8.7%

Technology

EDIV
6.8%
VWO
31.6%

Industrials

EDIV
6.4%
VWO
6.8%

Communication Services

EDIV
5.2%
VWO
5.8%

Energy

EDIV
3.7%
VWO
3.6%

Real Estate

EDIV
1.8%
VWO
1.8%

Utilities

EDIV
1.6%
VWO
2.4%

Basic Materials

EDIV
0.9%
VWO
7.0%

Healthcare

EDIV
0.6%
VWO
3.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR S&P Emerging Markets Dividend ETF

Vanguard FTSE Emerging Markets ETF

Often compared with EDIV:
EDIV vs. EEMSEDIV vs. EEMEDIV vs. EYLDEDIV vs. VOOEDIV vs. XCEMEDIV vs. FEMSEDIV vs. SCHD
Often compared with VWO:
VWO vs. VEAVWO vs. IEMGVWO vs. VXUSVWO vs. EEMVWO vs. VOOVWO vs. VTIVWO vs. VEMAX

Return for Risk

EDIV vs. VWO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EDIV
EDIV Risk / Return Rank: 3131
Overall Rank
EDIV Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
EDIV Sortino Ratio Rank: 3232
Sortino Ratio Rank
EDIV Omega Ratio Rank: 3333
Omega Ratio Rank
EDIV Calmar Ratio Rank: 2929
Calmar Ratio Rank
EDIV Martin Ratio Rank: 3030
Martin Ratio Rank
VWO
VWO Risk / Return Rank: 4949
Overall Rank
VWO Sharpe Ratio Rank: 4848
Sharpe Ratio Rank
VWO Sortino Ratio Rank: 4646
Sortino Ratio Rank
VWO Omega Ratio Rank: 4949
Omega Ratio Rank
VWO Calmar Ratio Rank: 5151
Calmar Ratio Rank
VWO Martin Ratio Rank: 5151
Martin Ratio Rank
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.

EDIV vs. VWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Emerging Markets Dividend ETF (EDIV) 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.

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.

EDIVVWODifference
Sharpe ratioReturn per unit of total volatility
1.12
1.60

-0.49

Sortino ratioReturn per unit of downside risk
1.64
2.22

-0.58

Omega ratioGain probability vs. loss probability

1.21

1.30

-0.09

Calmar ratioReturn relative to maximum drawdown

1.37

2.43

-1.06

Martin ratioReturn relative to average drawdown

4.08

8.56

-4.48

EDIV vs. VWO - Sharpe Ratio Comparison

The current EDIV Sharpe Ratio is 1.12, which is lower than the VWO Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of EDIV and VWO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EDIV vs. VWO - Drawdown Comparison

The maximum EDIV drawdown since its inception was -53.36%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for EDIV and VWO.

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Drawdown Indicators

EDIVVWODifference

Max Drawdown

Largest peak-to-trough decline

-53.36%

-67.68%

+14.32%

Max Drawdown (1Y)

Largest decline over 1 year

-10.36%

-11.17%

+0.81%

Max Drawdown (3Y)

Largest decline over 3 years

-13.84%

-17.37%

+3.53%

Max Drawdown (5Y)

Largest decline over 5 years

-28.32%

-32.60%

+4.28%

Max Drawdown (10Y)

Largest decline over 10 years

-40.76%

-36.39%

-4.37%

Current Drawdown

Current decline from peak

-4.51%

-3.07%

-1.44%

Average Drawdown

Average peak-to-trough decline

-19.31%

-15.79%

-3.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.46%

3.17%

+0.29%

Volatility

EDIV vs. VWO - Volatility Comparison

The current volatility for SPDR S&P Emerging Markets Dividend ETF (EDIV) is 4.81%, while Vanguard FTSE Emerging Markets ETF (VWO) has a volatility of 7.37%. This indicates that EDIV experiences smaller price fluctuations and is considered to be less risky than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EDIVVWODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.81%

7.37%

-2.56%

Volatility (6M)

Calculated over the trailing 6-month period

10.71%

14.62%

-3.91%

Volatility (1Y)

Calculated over the trailing 1-year period

12.67%

16.94%

-4.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.91%

17.58%

-3.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.38%

19.18%

-1.80%

EDIV vs. VWO - Expense Ratio Comparison

EDIV has a 0.49% expense ratio, which is higher than VWO's 0.08% expense ratio.

Dividends

EDIV vs. VWO - Dividend Comparison

EDIV's dividend yield for the trailing twelve months is around 4.28%, more than VWO's 2.33% yield.

PositionTTM20252024202320222021202020192018201720162015
EDIV
SPDR S&P Emerging Markets Dividend ETF		4.28%4.69%3.94%4.26%4.94%3.84%3.52%3.83%3.41%2.99%4.94%5.33%
VWO
Vanguard FTSE Emerging Markets ETF		2.33%2.79%3.20%3.52%4.11%2.63%1.91%3.23%2.88%2.30%2.52%3.26%

Frequently Asked Questions

EDIV and VWO have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VWO has higher volatility (7.37%) compared to EDIV (4.81%). In terms of maximum drawdown, EDIV dropped -53.36% vs VWO's -67.68%.

On 10-year performance, EDIV leads with 9.21% vs 8.97% for VWO. On fees, VWO is cheaper at 0.08% per year. On volatility, EDIV has been the lower-risk option at 4.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, EDIV has performed better with a 9.21% return vs 8.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VWO is cheaper with a 0.08% expense ratio, compared with 0.49% for EDIV.

EDIV has the higher dividend yield at 4.28%, compared with 2.33% for VWO.

EDIV tracks S&P Emerging Markets Dividend Opportunities Index, while VWO tracks FTSE Emerging Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.49% for EDIV and 0.08% for VWO.

VWO currently has the higher Sharpe Ratio (1.60 vs 1.12), 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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