IFV vs. VEA

Last updated Jun 23, 2026

IFV (First Trust Dorsey Wright International Focus 5 ETF) and VEA (Vanguard FTSE Developed Markets ETF) are both Foreign Large Cap Equities funds - IFV tracks the Dorsey Wright International Focus Five Index while VEA tracks the FTSE Developed All Cap ex US Index. Both are passively managed. Over the past 10 years, IFV returned 7.79%/yr vs 11.06%/yr for VEA. Their correlation of 0.82 suggests significant overlap in exposure. IFV charges 1.06%/yr vs 0.03%/yr for VEA.

Performance

IFV vs. VEA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dorsey Wright International Focus 5 ETF (IFV) and Vanguard FTSE Developed Markets ETF (VEA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IFV achieves a 12.31% return, which is significantly lower than VEA's 16.69% return. Over the past 10 years, IFV has underperformed VEA with an annualized return of 7.79%, while VEA has yielded a comparatively higher 11.06% annualized return.

IFV

• 1D: 0.45%
• 1M: 0.98%
• YTD: 12.31%
• 6M: 12.51%
• 1Y: 29.49%
• 3Y*: 18.66%
• 5Y*: 5.13%
• 10Y*: 7.79%

VEA

• 1D: 0.11%
• 1M: 3.28%
• YTD: 16.69%
• 6M: 17.33%
• 1Y: 35.42%
• 3Y*: 20.72%
• 5Y*: 10.37%
• 10Y*: 11.06%

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

IFV vs. VEA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IFV First Trust Dorsey Wright International Focus 5 ETF	12.31%	32.26%	0.33%	20.45%	-25.39%	5.59%	6.15%	26.29%	-20.44%	32.58%
VEA Vanguard FTSE Developed Markets ETF	16.69%	35.16%	3.15%	17.93%	-15.34%	11.66%	9.71%	22.62%	-14.75%	26.42%

Correlation

The correlation between IFV and VEA is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jul 23, 2014	0.82

The correlation between IFV and VEA shifts across timeframes, from 0.77 (5 years) to 0.88 (1 year), reflecting how their relationship changes across market environments.

IFV vs. VEA - Sectors Allocation Comparison

Sectors	IFV	VEA
Industrials	30.7%	17.5%
Financial Services	11.2%	22.3%
Consumer Cyclical	10.0%	7.4%
Basic Materials	9.8%	7.5%
Technology	9.5%	16.6%
Energy	7.8%	4.7%
Real Estate	5.8%	2.5%
Utilities	5.1%	3.0%
Healthcare	3.9%	7.6%
Consumer Defensive	3.7%	5.5%
Communication Services	2.5%	3.2%

Return for Risk

IFV vs. VEA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IFV

IFV Risk / Return Rank: 52
IFV Sharpe Ratio Rank: 53
IFV Sortino Ratio Rank: 51
IFV Omega Ratio Rank: 53
IFV Calmar Ratio Rank: 49
IFV Martin Ratio Rank: 52

VEA

VEA Risk / Return Rank: 67
VEA Sharpe Ratio Rank: 69
VEA Sortino Ratio Rank: 67
VEA Omega Ratio Rank: 69
VEA Calmar Ratio Rank: 64
VEA Martin Ratio Rank: 66

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.

IFV vs. VEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright International Focus 5 ETF (IFV) and Vanguard FTSE Developed Markets ETF (VEA). 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.

	IFV	VEA	Difference
Sharpe ratio: Return per unit of total volatility	1.74	2.16	-0.42
Sortino ratio: Return per unit of downside risk	2.43	2.93	-0.50
Omega ratio: Gain probability vs. loss probability	1.32	1.39	-0.07
Calmar ratio: Return relative to maximum drawdown	2.36	3.06	-0.70
Martin ratio: Return relative to average drawdown	8.71	11.80	-3.09

IFV vs. VEA - Sharpe Ratio Comparison

The current IFV Sharpe Ratio is 1.74, which is comparable to the VEA Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of IFV and VEA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IFV vs. VEA - Drawdown Comparison

The maximum IFV drawdown since its inception was -48.89%, smaller than the maximum VEA drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for IFV and VEA.

Drawdown Indicators

	IFV	VEA	Difference
Max Drawdown Largest peak-to-trough decline	-48.89%	-60.68%	+11.79%
Max Drawdown (1Y) Largest decline over 1 year	-12.57%	-11.63%	-0.94%
Max Drawdown (3Y) Largest decline over 3 years	-14.66%	-13.45%	-1.21%
Max Drawdown (5Y) Largest decline over 5 years	-34.78%	-29.71%	-5.07%
Max Drawdown (10Y) Largest decline over 10 years	-48.89%	-35.73%	-13.16%
Current Drawdown Current decline from peak	-1.86%	0.00%	-1.86%
Average Drawdown Average peak-to-trough decline	-13.19%	-13.26%	+0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.40%	3.01%	+0.39%

Volatility

IFV vs. VEA - Volatility Comparison

First Trust Dorsey Wright International Focus 5 ETF (IFV) and Vanguard FTSE Developed Markets ETF (VEA) have volatilities of 6.47% and 6.32%, 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.

Volatility by Period

	IFV	VEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.47%	6.32%	+0.15%
Volatility (6M) Calculated over the trailing 6-month period	14.54%	14.39%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	17.04%	16.52%	+0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.12%	16.71%	+1.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.76%	17.38%	+3.38%

IFV vs. VEA - Expense Ratio Comparison

IFV has a 1.06% expense ratio, which is higher than VEA's 0.03% expense ratio.

Dividends

IFV vs. VEA - Dividend Comparison

IFV's dividend yield for the trailing twelve months is around 1.77%, less than VEA's 2.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IFV First Trust Dorsey Wright International Focus 5 ETF	1.77%	1.95%	2.31%	2.88%	3.79%	1.04%	1.53%	2.91%	1.86%	1.43%	1.10%	1.52%
VEA Vanguard FTSE Developed Markets ETF	2.50%	3.22%	3.35%	3.15%	2.91%	3.16%	2.04%	3.04%	3.35%	2.77%	3.05%	2.92%

Frequently Asked Questions

Can I hold both IFV and VEA in my portfolio?

IFV and VEA have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IFV or VEA?

IFV has higher volatility (6.47%) compared to VEA (6.32%). In terms of maximum drawdown, IFV dropped -48.89% vs VEA's -60.68%.

Which ETF is better, IFV or VEA?

On 10-year performance, VEA leads with 11.06% vs 7.79% for IFV. On fees, VEA is cheaper at 0.03% per year. On volatility, VEA has been the lower-risk option at 6.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IFV or VEA?

Over the 10-year period, VEA has performed better with a 11.06% return vs 7.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IFV or VEA?

VEA is cheaper with a 0.03% expense ratio, compared with 1.06% for IFV.

Which ETF pays a higher dividend yield, IFV or VEA?

VEA has the higher dividend yield at 2.50%, compared with 1.77% for IFV.

What is the main difference between IFV and VEA?

IFV tracks Dorsey Wright International Focus Five Index, while VEA tracks FTSE Developed All Cap ex US Index. They also come from different issuers: First Trust and Vanguard. Their fees differ too: 1.06% for IFV and 0.03% for VEA.

Which has better risk-adjusted returns?

VEA currently has the higher Sharpe Ratio (2.16 vs 1.74), 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.