ICPY vs. VEU
ICPY (Tweedy, Browne International Insider + Value ETF) and VEU (Vanguard FTSE All-World ex-US ETF) are both Foreign Large Cap Equities funds. ICPY is actively managed, while VEU is passively managed. Their correlation of 0.81 suggests significant overlap in exposure. ICPY charges 0.80%/yr vs 0.04%/yr for VEU.
Performance
ICPY vs. VEU - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ICPY having a 12.60% return and VEU slightly higher at 13.08%.
ICPY
- 1D
- -0.08%
- 1M
- -1.61%
- YTD
- 12.60%
- 6M
- 13.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VEU
- 1D
- -0.74%
- 1M
- -0.91%
- YTD
- 13.08%
- 6M
- 12.44%
- 1Y
- 27.39%
- 3Y*
- 18.82%
- 5Y*
- 8.53%
- 10Y*
- 10.33%
ICPY vs. VEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ICPY Tweedy, Browne International Insider + Value ETF | 12.60% | 13.79% |
VEU Vanguard FTSE All-World ex-US ETF | 13.08% | 6.91% |
Correlation
The correlation between ICPY and VEU is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.81 |
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Return for Risk
ICPY vs. VEU — Risk / Return Rank
ICPY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VEU
ICPY vs. VEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tweedy, Browne International Insider + Value ETF (ICPY) 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.
| ICPY | VEU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.31 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.41 | — |
| Martin ratioReturn relative to average drawdown | — | 9.17 | — |
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Drawdowns
ICPY vs. VEU - Drawdown Comparison
The maximum ICPY drawdown since its inception was -8.86%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for ICPY and VEU.
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Drawdown Indicators
| ICPY | VEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.86% | -61.52% | +52.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.43% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.69% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.98% | — |
Current DrawdownCurrent decline from peak | -2.71% | -3.00% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -13.09% | +11.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.00% | — |
Volatility
ICPY vs. VEU - Volatility Comparison
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Volatility by Period
| ICPY | VEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.90% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.09% | 16.40% | -1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.09% | 16.29% | -1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.09% | 17.07% | -1.98% |
ICPY vs. VEU - Expense Ratio Comparison
ICPY has a 0.80% expense ratio, which is higher than VEU's 0.04% expense ratio.
Dividends
ICPY vs. VEU - Dividend Comparison
ICPY's dividend yield for the trailing twelve months is around 4.05%, more than VEU's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICPY Tweedy, Browne International Insider + Value ETF | 4.05% | 4.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
ICPY and VEU have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEU is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEU is cheaper with a 0.04% expense ratio, compared with 0.80% for ICPY.
ICPY has the higher dividend yield at 4.05%, compared with 2.56% for VEU.
They also come from different issuers: Tweedy, Browne and Vanguard. Their fees differ too: 0.80% for ICPY and 0.04% for VEU.
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