HAL vs. VWO
HAL (Halliburton Company) is a stock, while VWO (Vanguard FTSE Emerging Markets ETF) is Emerging Markets Equities fund tracking the FTSE Emerging Index. Over the past 10 years, HAL returned 0.88%/yr vs 9.00%/yr for VWO. At a 0.48 correlation, their price movements are largely independent.
Performance
HAL vs. VWO - Performance Comparison
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Returns By Period
In the year-to-date period, HAL achieves a 41.41% return, which is significantly higher than VWO's 10.77% return. Over the past 10 years, HAL has underperformed VWO with an annualized return of 0.88%, while VWO has yielded a comparatively higher 9.00% annualized return.
HAL
- 1D
- -0.40%
- 1M
- -3.05%
- YTD
- 41.41%
- 6M
- 39.63%
- 1Y
- 84.34%
- 3Y*
- 9.02%
- 5Y*
- 12.63%
- 10Y*
- 0.88%
VWO
- 1D
- 0.76%
- 1M
- -0.65%
- YTD
- 10.77%
- 6M
- 12.57%
- 1Y
- 24.61%
- 3Y*
- 16.61%
- 5Y*
- 5.03%
- 10Y*
- 9.00%
HAL vs. VWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HAL Halliburton Company | 41.41% | 7.02% | -23.19% | -6.47% | 74.45% | 21.99% | -21.23% | -4.90% | -44.63% | -8.18% |
VWO Vanguard FTSE Emerging Markets ETF | 10.77% | 25.60% | 10.59% | 9.25% | -17.98% | 1.26% | 15.17% | 20.75% | -14.76% | 31.49% |
Correlation
The correlation between HAL and VWO is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2005 | 0.48 |
Over the past year, the correlation between HAL and VWO has dropped to 0.08 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
HAL vs. VWO — Risk / Return Rank
HAL
VWO
HAL vs. VWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Halliburton Company (HAL) 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.
| HAL | VWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.81 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.28 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 6.47 | 2.21 | +4.26 |
| Martin ratioReturn relative to average drawdown | 16.47 | 7.80 | +8.67 |
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Drawdowns
HAL vs. VWO - Drawdown Comparison
The maximum HAL drawdown since its inception was -92.99%, which is greater than VWO's maximum drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for HAL and VWO.
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Drawdown Indicators
| HAL | VWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.99% | -67.68% | -25.31% |
Max Drawdown (1Y)Largest decline over 1 year | -13.10% | -11.17% | -1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -54.01% | -17.37% | -36.64% |
Max Drawdown (5Y)Largest decline over 5 years | -54.01% | -32.60% | -21.41% |
Max Drawdown (10Y)Largest decline over 10 years | -91.45% | -36.39% | -55.06% |
Current DrawdownCurrent decline from peak | -32.89% | -2.68% | -30.21% |
Average DrawdownAverage peak-to-trough decline | -39.12% | -15.80% | -23.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.14% | 3.17% | +1.97% |
Volatility
HAL vs. VWO - Volatility Comparison
Halliburton Company (HAL) has a higher volatility of 9.32% compared to Vanguard FTSE Emerging Markets ETF (VWO) at 6.64%. This indicates that HAL's price experiences larger fluctuations and is considered to be riskier 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
| HAL | VWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.32% | 6.64% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 24.13% | 14.04% | +10.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.76% | 16.54% | +20.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.18% | 17.48% | +22.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.96% | 19.22% | +26.74% |
Dividends
HAL vs. VWO - Dividend Comparison
HAL's dividend yield for the trailing twelve months is around 1.72%, less than VWO's 2.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HAL Halliburton Company | 1.72% | 2.41% | 2.50% | 1.77% | 1.22% | 0.79% | 1.67% | 2.94% | 2.71% | 1.47% | 1.33% | 2.12% |
VWO Vanguard FTSE Emerging Markets ETF | 2.44% | 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
HAL and VWO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HAL has higher volatility (9.32%) compared to VWO (6.64%). In terms of maximum drawdown, HAL dropped -92.99% vs VWO's -67.68%.
HAL currently has the higher Sharpe Ratio (2.31 vs 1.49), 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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