ITOL vs. VEU
ITOL (Tema International Durable Quality ETF) and VEU (Vanguard FTSE All-World ex-US ETF) are both Foreign Large Cap Equities funds. ITOL is actively managed, while VEU is passively managed. A 0.79 correlation means they provide meaningful diversification when combined. ITOL charges 0.60%/yr vs 0.04%/yr for VEU.
Performance
ITOL vs. VEU - Performance Comparison
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Returns By Period
In the year-to-date period, ITOL achieves a 0.58% return, which is significantly lower than VEU's 13.01% return.
ITOL
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.58%
- 6M
- 0.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VEU
- 1D
- -3.06%
- 1M
- 0.69%
- YTD
- 13.01%
- 6M
- 12.81%
- 1Y
- 30.08%
- 3Y*
- 19.26%
- 5Y*
- 8.60%
- 10Y*
- 10.40%
ITOL vs. VEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ITOL Tema International Durable Quality ETF | 0.58% | 3.85% |
VEU Vanguard FTSE All-World ex-US ETF | 13.01% | 6.70% |
Correlation
The correlation between ITOL and VEU is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 11, 2025 | 0.79 |
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Return for Risk
ITOL vs. VEU — Risk / Return Rank
ITOL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VEU
ITOL vs. VEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema International Durable Quality ETF (ITOL) 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.
| ITOL | VEU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.64 | — |
| Martin ratioReturn relative to average drawdown | — | 10.12 | — |
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Drawdowns
ITOL vs. VEU - Drawdown Comparison
The maximum ITOL drawdown since its inception was -15.54%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for ITOL and VEU.
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Drawdown Indicators
| ITOL | VEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.54% | -61.52% | +45.98% |
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 | -5.46% | -3.06% | -2.40% |
Average DrawdownAverage peak-to-trough decline | -3.70% | -13.10% | +9.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.98% | — |
Volatility
ITOL vs. VEU - Volatility Comparison
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Volatility by Period
| ITOL | VEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.10% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.47% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.25% | 16.44% | +0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.25% | 16.30% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.25% | 17.08% | +0.17% |
ITOL vs. VEU - Expense Ratio Comparison
ITOL has a 0.60% expense ratio, which is higher than VEU's 0.04% expense ratio.
Dividends
ITOL vs. VEU - Dividend Comparison
ITOL's dividend yield for the trailing twelve months is around 0.13%, less than VEU's 2.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITOL Tema International Durable Quality ETF | 0.13% | 0.13% | 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
ITOL and VEU have a correlation of 0.79, 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 0.60% for ITOL.
VEU has the higher dividend yield at 2.56%, compared with 0.13% for ITOL.
They also come from different issuers: Tema and Vanguard. Their fees differ too: 0.60% for ITOL and 0.04% for VEU.
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