EDIV vs. VWO

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P Emerging Markets Dividend ETF (EDIV) and Vanguard FTSE Emerging Markets ETF (VWO).

EDIV and VWO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EDIV is a passively managed fund by State Street that tracks the performance of the S&P Emerging Markets Dividend Opportunities Index. It was launched on Feb 23, 2011. 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 EDIV 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.

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.

EDIV vs. VWO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDIV SPDR S&P Emerging Markets Dividend ETF	1.86%	16.45%	12.75%	41.91%	-15.31%	11.21%	-9.95%	11.80%	-6.16%	28.20%
VWO Vanguard FTSE Emerging Markets ETF	0.84%	25.60%	10.59%	9.25%	-17.98%	1.26%	15.17%	20.75%	-14.76%	31.49%

Returns By Period

In the year-to-date period, EDIV achieves a 1.86% return, which is significantly higher than VWO's 0.84% return. Over the past 10 years, EDIV has outperformed VWO with an annualized return of 8.40%, while VWO has yielded a comparatively lower 7.66% annualized return.

EDIV

• 1D: 0.20%
• 1M: -5.30%
• YTD: 1.86%
• 6M: 3.56%
• 1Y: 15.65%
• 3Y*: 20.17%
• 5Y*: 10.65%
• 10Y*: 8.40%

VWO

• 1D: 0.30%
• 1M: -5.29%
• YTD: 0.84%
• 6M: 1.39%
• 1Y: 22.71%
• 3Y*: 13.84%
• 5Y*: 3.90%
• 10Y*: 7.66%

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

EDIV vs. VWO - Expense Ratio Comparison

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

EDIV

SPDR S&P Emerging Markets Dividend ETF

VWO

Vanguard FTSE Emerging Markets ETF

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: 60
EDIV Sharpe Ratio Rank: 62
EDIV Sortino Ratio Rank: 61
EDIV Omega Ratio Rank: 61
EDIV Calmar Ratio Rank: 59
EDIV Martin Ratio Rank: 56

VWO

VWO Risk / Return Rank: 70
VWO Sharpe Ratio Rank: 70
VWO Sortino Ratio Rank: 70
VWO Omega Ratio Rank: 69
VWO Calmar Ratio Rank: 71
VWO Martin Ratio Rank: 68

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.

	EDIV	VWO	Difference
Sharpe ratio Return per unit of total volatility	1.14	1.28	-0.14
Sortino ratio Return per unit of downside risk	1.61	1.80	-0.19
Omega ratio Gain probability vs. loss probability	1.23	1.26	-0.03
Calmar ratio Return relative to maximum drawdown	1.57	1.89	-0.32
Martin ratio Return relative to average drawdown	5.68	7.18	-1.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EDIV vs. VWO - Sharpe Ratio Comparison

The current EDIV Sharpe Ratio is 1.14, which is comparable to the VWO Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of EDIV and VWO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EDIV	VWO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	1.28	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.23	+0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.40	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.25	-0.10

Correlation

The correlation between EDIV and VWO is 0.88, 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.

Dividends

EDIV vs. VWO - Dividend Comparison

EDIV's dividend yield for the trailing twelve months is around 4.70%, more than VWO's 2.68% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDIV SPDR S&P Emerging Markets Dividend ETF	4.70%	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	2.68%	2.79%	3.20%	3.52%	4.11%	2.63%	1.91%	3.23%	2.88%	2.30%	2.52%	3.26%

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.

Drawdown Indicators

	EDIV	VWO	Difference
Max Drawdown Largest peak-to-trough decline	-53.36%	-67.68%	+14.32%
Max Drawdown (1Y) Largest decline over 1 year	-10.36%	-12.23%	+1.87%
Max Drawdown (5Y) Largest decline over 5 years	-28.32%	-32.80%	+4.48%
Max Drawdown (10Y) Largest decline over 10 years	-40.76%	-36.39%	-4.37%
Current Drawdown Current decline from peak	-8.17%	-8.13%	-0.04%
Average Drawdown Average peak-to-trough decline	-19.53%	-15.93%	-3.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	3.22%	-0.35%

Volatility

EDIV vs. VWO - Volatility Comparison

The current volatility for SPDR S&P Emerging Markets Dividend ETF (EDIV) is 5.79%, while Vanguard FTSE Emerging Markets ETF (VWO) has a volatility of 7.41%. 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.

Volatility by Period

	EDIV	VWO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.79%	7.41%	-1.62%
Volatility (6M) Calculated over the trailing 6-month period	9.12%	12.26%	-3.14%
Volatility (1Y) Calculated over the trailing 1-year period	13.76%	17.83%	-4.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.81%	17.21%	-3.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.58%	19.18%	-1.60%