ITOL vs. VEU

Last updated Jun 3, 2026

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. Their correlation of 0.84 suggests significant overlap in exposure. ITOL charges 0.60%/yr vs 0.04%/yr for VEU.

Performance

ITOL vs. VEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema International Durable Quality ETF (ITOL) and Vanguard FTSE All-World ex-US ETF (VEU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ITOL achieves a 0.58% return, which is significantly lower than VEU's 15.73% return.

ITOL

• 1D: 0.00%
• 1M: -0.04%
• YTD: 0.58%
• 6M: 4.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VEU

• 1D: 0.73%
• 1M: 5.19%
• YTD: 15.73%
• 6M: 18.94%
• 1Y: 33.06%
• 3Y*: 20.01%
• 5Y*: 9.10%
• 10Y*: 10.05%

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

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	15.73%	5.50%

Correlation

The correlation between ITOL and VEU is 0.84, 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 12, 2025	0.84

Return for Risk

ITOL vs. VEU — Risk / Return Rank

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

VEU

VEU Risk / Return Rank: 64
VEU Sharpe Ratio Rank: 65
VEU Sortino Ratio Rank: 64
VEU Omega Ratio Rank: 65
VEU Calmar Ratio Rank: 60
VEU Martin Ratio Rank: 64

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.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ITOL	VEU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.18	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.26	+0.09

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.

Drawdown Indicators

	ITOL	VEU	Difference
Max Drawdown Largest 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	—	-29.31%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.98%	—
Current Drawdown Current decline from peak	-5.46%	0.00%	-5.46%
Average Drawdown Average peak-to-trough decline	-3.58%	-13.14%	+9.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.93%	—

Volatility

Volatility by Period

	ITOL	VEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.95%	15.28%	+2.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.95%	16.07%	+1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.95%	17.21%	+0.74%

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 2.58% 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	2.58%	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

Can I hold both ITOL and VEU in my portfolio?

ITOL and VEU have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ITOL or VEU?

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.

Which ETF is cheaper, ITOL or VEU?

VEU is cheaper with a 0.04% expense ratio, compared with 0.60% for ITOL.

Which ETF pays a higher dividend yield, ITOL or VEU?

VEU has the higher dividend yield at 2.58%, compared with 0.13% for ITOL.

What is the main difference between ITOL and VEU?

They also come from different issuers: Tema and Vanguard. Their fees differ too: 0.60% for ITOL and 0.04% for VEU.