V vs. VWO

Last updated Jun 9, 2026

V (Visa Inc.) is a stock, while VWO (Vanguard FTSE Emerging Markets ETF) is Emerging Markets Equities fund tracking the FTSE Emerging Index. Over the past 10 years, V returned 15.64%/yr vs 8.60%/yr for VWO. At a 0.47 correlation, their price movements are largely independent.

Performance

V vs. VWO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Visa Inc. (V) and Vanguard FTSE Emerging Markets ETF (VWO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, V achieves a -8.47% return, which is significantly lower than VWO's 8.50% return. Over the past 10 years, V has outperformed VWO with an annualized return of 15.64%, while VWO has yielded a comparatively lower 8.60% annualized return.

V

• 1D: -1.21%
• 1M: 0.48%
• YTD: -8.47%
• 6M: -1.79%
• 1Y: -12.97%
• 3Y*: 13.52%
• 5Y*: 7.39%
• 10Y*: 15.64%

VWO

• 1D: 0.52%
• 1M: -3.65%
• YTD: 8.50%
• 6M: 9.73%
• 1Y: 24.29%
• 3Y*: 16.22%
• 5Y*: 4.65%
• 10Y*: 8.60%

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

V vs. VWO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
V Visa Inc.	-8.47%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	47.18%
VWO Vanguard FTSE Emerging Markets ETF	8.50%	25.60%	10.59%	9.25%	-17.98%	1.26%	15.17%	20.75%	-14.76%	31.49%

Correlation

The correlation between V and VWO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Mar 20, 2008	0.47

Over the past year, the correlation between V and VWO has dropped to 0.14 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

Return for Risk

V vs. VWO — Risk / Return Rank

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

V

V Risk / Return Rank: 17
V Sharpe Ratio Rank: 16
V Sortino Ratio Rank: 16
V Omega Ratio Rank: 17
V Calmar Ratio Rank: 18
V Martin Ratio Rank: 16

VWO

VWO Risk / Return Rank: 49
VWO Sharpe Ratio Rank: 47
VWO Sortino Ratio Rank: 47
VWO Omega Ratio Rank: 50
VWO Calmar Ratio Rank: 49
VWO Martin Ratio Rank: 51

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.

V vs. VWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Visa Inc. (V) and Vanguard FTSE Emerging Markets ETF (VWO). 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.

	V	VWO	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	1.49	-2.08
Sortino ratio: Return per unit of downside risk	-0.72	2.08	-2.80
Omega ratio: Gain probability vs. loss probability	0.91	1.28	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.64	2.18	-2.82
Martin ratio: Return relative to average drawdown	-1.18	7.79	-8.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

V vs. VWO - Sharpe Ratio Comparison

The current V Sharpe Ratio is -0.58, which is lower than the VWO Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of V and VWO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	V	VWO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.58	1.49	-2.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.27	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.45	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.26	+0.43

Drawdowns

V vs. VWO - Drawdown Comparison

The maximum V drawdown since its inception was -51.90%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for V and VWO.

Drawdown Indicators

	V	VWO	Difference
Max Drawdown Largest peak-to-trough decline	-51.90%	-67.68%	+15.78%
Max Drawdown (1Y) Largest decline over 1 year	-20.38%	-11.17%	-9.21%
Max Drawdown (3Y) Largest decline over 3 years	-20.38%	-17.37%	-3.01%
Max Drawdown (5Y) Largest decline over 5 years	-28.60%	-32.60%	+4.00%
Max Drawdown (10Y) Largest decline over 10 years	-36.36%	-36.39%	+0.03%
Current Drawdown Current decline from peak	-13.69%	-4.67%	-9.02%
Average Drawdown Average peak-to-trough decline	-8.26%	-15.81%	+7.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.03%	3.12%	+7.91%

Volatility

V vs. VWO - Volatility Comparison

The current volatility for Visa Inc. (V) is 5.74%, while Vanguard FTSE Emerging Markets ETF (VWO) has a volatility of 6.29%. This indicates that V experiences smaller price fluctuations and is considered to be less risky than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	V	VWO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	6.29%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	17.50%	13.80%	+3.70%
Volatility (1Y) Calculated over the trailing 1-year period	22.32%	16.37%	+5.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.80%	17.45%	+5.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.47%	19.23%	+5.24%

Dividends

V vs. VWO - Dividend Comparison

V's dividend yield for the trailing twelve months is around 0.81%, less than VWO's 2.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
V Visa Inc.	0.81%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%
VWO Vanguard FTSE Emerging Markets ETF	2.49%	2.79%	3.20%	3.52%	4.11%	2.63%	1.91%	3.23%	2.88%	2.30%	2.52%	3.26%

Frequently Asked Questions

Can I hold both V and VWO in my portfolio?

V and VWO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, V or VWO?

VWO has higher volatility (6.29%) compared to V (5.74%). In terms of maximum drawdown, V dropped -51.90% vs VWO's -67.68%.

Which has better risk-adjusted returns?

VWO currently has the higher Sharpe Ratio (1.49 vs -0.58), 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.