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VA.TO vs. SPWO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VA.TO vs. SPWO

Last updated Jun 4, 2026

VA.TO (Vanguard FTSE Developed Asia Pacific All Cap Index ETF) and SPWO (SP Funds S&P World ETF) are both exchange-traded funds - VA.TO is a Asia Pacific Equities fund tracking the FTSE Developed Asia Pacific All Cap Index, while SPWO is a Foreign Large Cap Equities fund tracking the S&P DM Ex-U.S. & EM 50/50 Shariah Index - Benchmark TR Net. Both are passively managed. Over the past year, VA.TO returned 55.12% vs 50.95% for SPWO. A 0.65 correlation means they provide meaningful diversification when combined. VA.TO charges 0.22%/yr vs 0.55%/yr for SPWO.

Performance

VA.TO vs. SPWO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Vanguard FTSE Developed Asia Pacific All Cap Index ETF (VA.TO) and SP Funds S&P World ETF (SPWO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

VA.TO is traded in CAD, while SPWO is traded in USD. To make them comparable, the SPWO values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, VA.TO achieves a 32.04% return, which is significantly higher than SPWO's 28.48% return.

VA.TO

1D
0.16%
1M
12.67%
YTD
32.04%
6M
32.64%
1Y
55.12%
3Y*
24.27%
5Y*
13.23%
10Y*
11.31%

SPWO

1D
-0.80%
1M
11.27%
YTD
28.48%
6M
27.98%
1Y
50.95%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VA.TO vs. SPWO - Yearly Performance Comparison

2026 (YTD)202520242023
VA.TO
Vanguard FTSE Developed Asia Pacific All Cap Index ETF		32.04%25.82%10.30%2.10%
SPWO
SP Funds S&P World ETF		28.48%20.53%18.64%1.99%

Correlation

The correlation between VA.TO and SPWO is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.74

Correlation (All Time)
Calculated using the full available price history since Dec 21, 2023

0.65

The correlation between VA.TO and SPWO has been stable across timeframes, ranging from 0.65 to 0.74 - a consistent structural relationship.

VA.TO vs. SPWO - Sectors Allocation Comparison

Sectors
VA.TO
SPWO

Technology

22.4%
48.9%

Industrials

20.6%
11.7%

Financial Services

19.4%
0.0%

Consumer Cyclical

9.7%
10.4%

Basic Materials

7.2%
6.5%

Healthcare

5.0%
10.5%

Communication Services

4.8%
0.7%

Real Estate

4.3%
0.6%

Consumer Defensive

3.5%
4.0%

Energy

1.6%
2.0%

Utilities

1.6%
0.1%

Technology

VA.TO
22.4%
SPWO
48.9%

Industrials

VA.TO
20.6%
SPWO
11.7%

Financial Services

VA.TO
19.4%
SPWO
0.0%

Consumer Cyclical

VA.TO
9.7%
SPWO
10.4%

Basic Materials

VA.TO
7.2%
SPWO
6.5%

Healthcare

VA.TO
5.0%
SPWO
10.5%

Communication Services

VA.TO
4.8%
SPWO
0.7%

Real Estate

VA.TO
4.3%
SPWO
0.6%

Consumer Defensive

VA.TO
3.5%
SPWO
4.0%

Energy

VA.TO
1.6%
SPWO
2.0%

Utilities

VA.TO
1.6%
SPWO
0.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard FTSE Developed Asia Pacific All Cap Index ETF

SP Funds S&P World ETF

Often compared with VA.TO:
VA.TO vs. VE.TOVA.TO vs. VPLVA.TO vs. XEF.TOVA.TO vs. XEQT.TOVA.TO vs. VIDY.TOVA.TO vs. VFV.TOVA.TO vs. VRE.TO
Often compared with SPWO:
SPWO vs. SPUSSPWO vs. UMMASPWO vs. SPTESPWO vs. VXUSSPWO vs. ISWD.LSPWO vs. KSASPWO vs. VOO

Return for Risk

VA.TO vs. SPWO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VA.TO
VA.TO Risk / Return Rank: 8585
Overall Rank
VA.TO Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
VA.TO Sortino Ratio Rank: 8383
Sortino Ratio Rank
VA.TO Omega Ratio Rank: 8686
Omega Ratio Rank
VA.TO Calmar Ratio Rank: 8484
Calmar Ratio Rank
VA.TO Martin Ratio Rank: 8585
Martin Ratio Rank
SPWO
SPWO Risk / Return Rank: 7272
Overall Rank
SPWO Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SPWO Sortino Ratio Rank: 7171
Sortino Ratio Rank
SPWO Omega Ratio Rank: 7171
Omega Ratio Rank
SPWO Calmar Ratio Rank: 7171
Calmar Ratio Rank
SPWO Martin Ratio Rank: 7171
Martin Ratio Rank
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.

VA.TO vs. SPWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Asia Pacific All Cap Index ETF (VA.TO) and SP Funds S&P World ETF (SPWO). 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.

VA.TOSPWODifference
Sharpe ratioReturn per unit of total volatility
2.92
2.69

+0.23

Sortino ratioReturn per unit of downside risk
3.78
3.53

+0.25

Omega ratioGain probability vs. loss probability

1.53

1.48

+0.06

Calmar ratioReturn relative to maximum drawdown

4.58

4.15

+0.43

Martin ratioReturn relative to average drawdown

17.84

15.10

+2.74

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VA.TO vs. SPWO - Sharpe Ratio Comparison

The current VA.TO Sharpe Ratio is 2.92, which is comparable to the SPWO Sharpe Ratio of 2.69. The chart below compares the historical Sharpe Ratios of VA.TO and SPWO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VA.TOSPWODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.92

2.69

+0.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.90

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.75

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.69

1.66

-0.96

Drawdowns

VA.TO vs. SPWO - Drawdown Comparison

The maximum VA.TO drawdown since its inception was -25.81%, which is greater than SPWO's maximum drawdown of -17.14%. Use the drawdown chart below to compare losses from any high point for VA.TO and SPWO.

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Drawdown Indicators

VA.TOSPWODifference

Max Drawdown

Largest peak-to-trough decline

-25.81%

-17.14%

-8.67%

Max Drawdown (1Y)

Largest decline over 1 year

-12.09%

-12.33%

+0.24%

Max Drawdown (3Y)

Largest decline over 3 years

-13.99%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-24.74%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-25.81%

—

—

Current Drawdown

Current decline from peak

0.00%

-0.80%

+0.80%

Average Drawdown

Average peak-to-trough decline

-5.54%

-2.36%

-3.18%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.10%

3.38%

-0.28%

Volatility

VA.TO vs. SPWO - Volatility Comparison

The current volatility for Vanguard FTSE Developed Asia Pacific All Cap Index ETF (VA.TO) is 6.56%, while SP Funds S&P World ETF (SPWO) has a volatility of 7.44%. This indicates that VA.TO experiences smaller price fluctuations and is considered to be less risky than SPWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VA.TOSPWODifference

Volatility (1M)

Calculated over the trailing 1-month period

6.56%

7.44%

-0.88%

Volatility (6M)

Calculated over the trailing 6-month period

16.40%

16.00%

+0.40%

Volatility (1Y)

Calculated over the trailing 1-year period

18.96%

19.00%

-0.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.77%

17.80%

-3.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.15%

17.80%

-2.65%

VA.TO vs. SPWO - Expense Ratio Comparison

VA.TO has a 0.22% expense ratio, which is lower than SPWO's 0.55% expense ratio.

Dividends

VA.TO vs. SPWO - Dividend Comparison

VA.TO's dividend yield for the trailing twelve months is around 1.65%, more than SPWO's 1.02% yield.

PositionTTM20252024202320222021202020192018201720162015
SPWO
SP Funds S&P World ETF		1.02%1.29%1.24%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VA.TO
Vanguard FTSE Developed Asia Pacific All Cap Index ETF		1.65%2.17%2.31%2.57%3.09%2.35%2.14%2.53%2.84%1.71%1.62%1.88%

Frequently Asked Questions

VA.TO and SPWO have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VA.TO is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VA.TO is cheaper with a 0.22% expense ratio, compared with 0.55% for SPWO.

VA.TO is categorized as Asia Pacific Equities, while SPWO is Foreign Large Cap Equities. VA.TO tracks FTSE Developed Asia Pacific All Cap Index, while SPWO tracks S&P DM Ex-U.S. & EM 50/50 Shariah Index - Benchmark TR Net. They also come from different issuers: Vanguard and SP Funds. Their fees differ too: 0.22% for VA.TO and 0.55% for SPWO.

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