UAE vs. VOO
Compare and contrast key facts about iShares MSCI UAE ETF (UAE) and Vanguard S&P 500 ETF (VOO).
UAE and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UAE is a passively managed fund by iShares that tracks the performance of the MSCI All UAE Capped Index. It was launched on Apr 29, 2014. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both UAE and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UAE or VOO.
Key characteristics
| UAE | VOO | |
|---|---|---|
| YTD Return | 5.68% | 21.11% |
| 1Y Return | 8.64% | 32.98% |
| 3Y Return (Ann) | 2.30% | 8.44% |
| 5Y Return (Ann) | 5.90% | 15.04% |
| 10Y Return (Ann) | 0.57% | 12.94% |
| Sharpe Ratio | 0.64 | 2.84 |
| Sortino Ratio | 0.96 | 3.76 |
| Omega Ratio | 1.12 | 1.53 |
| Calmar Ratio | 0.36 | 4.05 |
| Martin Ratio | 2.03 | 18.51 |
| Ulcer Index | 4.52% | 1.85% |
| Daily Std Dev | 14.41% | 12.06% |
| Max Drawdown | -60.44% | -33.99% |
| Current Drawdown | -14.09% | -2.52% |
Correlation
The correlation between UAE and VOO is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
UAE vs. VOO - Performance Comparison
In the year-to-date period, UAE achieves a 5.68% return, which is significantly lower than VOO's 21.11% return. Over the past 10 years, UAE has underperformed VOO with an annualized return of 0.57%, while VOO has yielded a comparatively higher 12.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UAE vs. VOO - Expense Ratio Comparison
UAE has a 0.59% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
UAE vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI UAE ETF (UAE) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
UAE vs. VOO - Dividend Comparison
UAE's dividend yield for the trailing twelve months is around 4.12%, more than VOO's 1.29% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UAE iShares MSCI UAE ETF | 4.12% | 3.25% | 2.67% | 4.88% | 4.75% | 3.54% | 5.56% | 3.38% | 4.74% | 3.77% | 2.58% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.29% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
UAE vs. VOO - Drawdown Comparison
The maximum UAE drawdown since its inception was -60.44%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for UAE and VOO. For additional features, visit the drawdowns tool.
Volatility
UAE vs. VOO - Volatility Comparison
iShares MSCI UAE ETF (UAE) has a higher volatility of 4.35% compared to Vanguard S&P 500 ETF (VOO) at 3.15%. This indicates that UAE's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.