PQNT vs. VEU
PQNT (Pictet AI Enhanced International Equity ETF) and VEU (Vanguard FTSE All-World ex-US ETF) are both Foreign Large Cap Equities funds. PQNT is actively managed, while VEU is passively managed. Their correlation of 0.94 suggests significant overlap in exposure. PQNT charges 0.30%/yr vs 0.04%/yr for VEU.
Performance
PQNT vs. VEU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PQNT achieves a 6.44% return, which is significantly lower than VEU's 11.90% return.
PQNT
- 1D
- -1.51%
- 1M
- -0.18%
- 6M
- 3.67%
- YTD
- 6.44%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
VEU
- 1D
- -1.03%
- 1M
- -0.98%
- 6M
- 6.85%
- YTD
- 11.90%
- 1Y
- 21.75%
- 3Y*
- 17.15%
- 5Y*
- 8.79%
- 10Y*
- 9.60%
- ALL TIME*
- 5.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $400.63 | $1.86K | $14.02K | |
| $267.93M | $223.22M | $216.49M |
PQNT vs. VEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PQNT Pictet AI Enhanced International Equity ETF | 6.44% | 4.20% |
VEU Vanguard FTSE All-World ex-US ETF | 11.90% | 4.03% |
Correlation
The correlation between PQNT and VEU is 0.94, 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 Oct 16, 2025 | 0.94 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PQNT vs. VEU — Risk / Return Rank
PQNT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VEU
PQNT vs. VEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pictet AI Enhanced International Equity ETF (PQNT) 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.
| PQNT | VEU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.91 | — |
| Martin ratioReturn relative to average drawdown | — | 7.07 | — |
Loading charts...
Drawdowns
PQNT vs. VEU - Drawdown Comparison
The maximum PQNT drawdown since its inception was -11.16%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for PQNT and VEU.
Loading charts...
Drawdown Indicators
| PQNT | VEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.16% | -61.52% | +50.36% |
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 | -2.92% | -4.01% | +1.09% |
Average DrawdownAverage peak-to-trough decline | -2.13% | -13.06% | +10.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.10% | — |
Volatility
PQNT vs. VEU - Volatility Comparison
Loading charts...
Volatility by Period
| PQNT | VEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.59% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.85% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.98% | 16.83% | +0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.98% | 16.33% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.98% | 17.05% | -0.07% |
PQNT vs. VEU - Expense Ratio Comparison
PQNT has a 0.30% expense ratio, which is higher than VEU's 0.04% expense ratio.
Dividends
PQNT vs. VEU - Dividend Comparison
PQNT's dividend yield for the trailing twelve months is around 0.37%, less than VEU's 2.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PQNT Pictet AI Enhanced International Equity ETF | 0.37% | 0.39% | 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 | 2.59% | 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
With a correlation of 0.94, PQNT and VEU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.30% for PQNT.
VEU has the higher dividend yield at 2.59%, compared with 0.37% for PQNT.
They also come from different issuers: Pictet and Vanguard. Their fees differ too: 0.30% for PQNT and 0.04% for VEU.
Find the right allocation for PQNT and VEU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer