KSA vs. VDE

Last updated Jun 24, 2026

KSA (iShares MSCI Saudi Arabia ETF) and VDE (Vanguard Energy ETF) are both exchange-traded funds - KSA is a Emerging Markets Equities fund tracking the MSCI Saudi Arabia Investable Market Index (IMI) 25/50 Index, while VDE is a Energy Equities fund tracking the MSCI US Investable Market Energy 25/50 Index. Both are passively managed. Over the past 10 years, KSA returned 7.56%/yr vs 8.90%/yr for VDE. At a 0.30 correlation, their price movements are largely independent. KSA charges 0.74%/yr vs 0.09%/yr for VDE.

Performance

KSA vs. VDE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Saudi Arabia ETF (KSA) and Vanguard Energy ETF (VDE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KSA achieves a 6.52% return, which is significantly lower than VDE's 23.55% return. Over the past 10 years, KSA has underperformed VDE with an annualized return of 7.56%, while VDE has yielded a comparatively higher 8.90% annualized return.

KSA

• 1D: -0.26%
• 1M: 0.37%
• YTD: 6.52%
• 6M: 5.51%
• 1Y: 5.80%
• 3Y*: 0.90%
• 5Y*: 2.08%
• 10Y*: 7.56%

VDE

• 1D: 0.60%
• 1M: -7.94%
• YTD: 23.55%
• 6M: 24.06%
• 1Y: 31.01%
• 3Y*: 16.13%
• 5Y*: 18.74%
• 10Y*: 8.90%

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

KSA vs. VDE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KSA iShares MSCI Saudi Arabia ETF	6.52%	-8.20%	-0.19%	15.05%	-6.06%	33.62%	2.65%	9.30%	13.07%	6.14%
VDE Vanguard Energy ETF	23.55%	7.11%	6.75%	0.03%	62.89%	56.31%	-33.02%	9.28%	-19.95%	-2.50%

Correlation

The correlation between KSA and VDE is 0.02, 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	0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.29
Correlation (All Time) Calculated using the full available price history since Sep 17, 2015	0.30

Over the past year, the correlation between KSA and VDE has dropped to 0.02 - well below their long-term average of 0.30, suggesting their price drivers have been diverging.

KSA vs. VDE - Sectors Allocation Comparison

Sectors	KSA	VDE
Financial Services	40.5%	-
Basic Materials	13.5%	0.4%
Energy	13.3%	99.5%
Communication Services	8.3%	-
Healthcare	4.7%	-
Utilities	4.3%	-
Consumer Cyclical	4.2%	-
Consumer Defensive	3.7%	-
Industrials	3.5%	0.1%
Real Estate	2.4%	-
Technology	1.6%	-

Return for Risk

KSA vs. VDE — Risk / Return Rank

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

KSA

KSA Risk / Return Rank: 14
KSA Sharpe Ratio Rank: 14
KSA Sortino Ratio Rank: 14
KSA Omega Ratio Rank: 14
KSA Calmar Ratio Rank: 14
KSA Martin Ratio Rank: 14

VDE

VDE Risk / Return Rank: 43
VDE Sharpe Ratio Rank: 45
VDE Sortino Ratio Rank: 41
VDE Omega Ratio Rank: 40
VDE Calmar Ratio Rank: 45
VDE Martin Ratio Rank: 43

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.

KSA vs. VDE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Saudi Arabia ETF (KSA) and Vanguard Energy ETF (VDE). 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.

	KSA	VDE	Difference
Sharpe ratio: Return per unit of total volatility	0.35	1.51	-1.16
Sortino ratio: Return per unit of downside risk	0.70	2.04	-1.34
Omega ratio: Gain probability vs. loss probability	1.08	1.25	-0.17
Calmar ratio: Return relative to maximum drawdown	0.50	2.19	-1.69
Martin ratio: Return relative to average drawdown	1.11	6.75	-5.65

KSA vs. VDE - Sharpe Ratio Comparison

The current KSA Sharpe Ratio is 0.35, which is lower than the VDE Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of KSA and VDE, 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

KSA vs. VDE - Drawdown Comparison

The maximum KSA drawdown since its inception was -40.56%, smaller than the maximum VDE drawdown of -74.20%. Use the drawdown chart below to compare losses from any high point for KSA and VDE.

Drawdown Indicators

	KSA	VDE	Difference
Max Drawdown Largest peak-to-trough decline	-40.56%	-74.20%	+33.64%
Max Drawdown (1Y) Largest decline over 1 year	-11.62%	-14.20%	+2.58%
Max Drawdown (3Y) Largest decline over 3 years	-15.56%	-21.41%	+5.85%
Max Drawdown (5Y) Largest decline over 5 years	-28.08%	-26.58%	-1.50%
Max Drawdown (10Y) Largest decline over 10 years	-40.56%	-69.29%	+28.73%
Current Drawdown Current decline from peak	-15.46%	-12.59%	-2.87%
Average Drawdown Average peak-to-trough decline	-11.45%	-19.94%	+8.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.26%	4.61%	+0.65%

Volatility

KSA vs. VDE - Volatility Comparison

The current volatility for iShares MSCI Saudi Arabia ETF (KSA) is 5.08%, while Vanguard Energy ETF (VDE) has a volatility of 7.06%. This indicates that KSA experiences smaller price fluctuations and is considered to be less risky than VDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KSA	VDE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.08%	7.06%	-1.98%
Volatility (6M) Calculated over the trailing 6-month period	12.61%	16.61%	-4.00%
Volatility (1Y) Calculated over the trailing 1-year period	16.54%	20.80%	-4.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.97%	26.37%	-10.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.08%	29.94%	-9.86%

KSA vs. VDE - Expense Ratio Comparison

KSA has a 0.74% expense ratio, which is higher than VDE's 0.09% expense ratio.

Dividends

KSA vs. VDE - Dividend Comparison

KSA's dividend yield for the trailing twelve months is around 2.70%, more than VDE's 2.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KSA iShares MSCI Saudi Arabia ETF	2.70%	2.95%	3.44%	2.44%	1.93%	1.58%	1.76%	2.15%	2.51%	2.30%	3.05%	0.04%
VDE Vanguard Energy ETF	2.54%	3.11%	3.23%	3.34%	3.65%	4.13%	4.76%	3.42%	3.35%	2.90%	2.31%	3.17%

Frequently Asked Questions

Can I hold both KSA and VDE in my portfolio?

KSA and VDE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KSA or VDE?

VDE has higher volatility (7.06%) compared to KSA (5.08%). In terms of maximum drawdown, KSA dropped -40.56% vs VDE's -74.20%.

Which ETF is better, KSA or VDE?

On 10-year performance, VDE leads with 8.90% vs 7.56% for KSA. On fees, VDE is cheaper at 0.09% per year. On volatility, KSA has been the lower-risk option at 5.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KSA or VDE?

Over the 10-year period, VDE has performed better with a 8.90% return vs 7.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KSA or VDE?

VDE is cheaper with a 0.09% expense ratio, compared with 0.74% for KSA.

Which ETF pays a higher dividend yield, KSA or VDE?

KSA has the higher dividend yield at 2.70%, compared with 2.54% for VDE.

What is the main difference between KSA and VDE?

KSA is categorized as Emerging Markets Equities, while VDE is Energy Equities. KSA tracks MSCI Saudi Arabia Investable Market Index (IMI) 25/50 Index, while VDE tracks MSCI US Investable Market Energy 25/50 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.74% for KSA and 0.09% for VDE.

Which has better risk-adjusted returns?

VDE currently has the higher Sharpe Ratio (1.51 vs 0.35), 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.