VEA vs. IWMY
VEA (Vanguard FTSE Developed Markets ETF) and IWMY (Defiance R2000 Enhanced Options & 0DTE Income ETF) are both exchange-traded funds - VEA is a Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index, while IWMY is a Options Trading fund tracking the Russell 2000 Index. Both are passively managed. Over the past year, VEA returned 28.06% vs 19.66% for IWMY. A 0.68 correlation means they provide meaningful diversification when combined. VEA charges 0.03%/yr vs 0.99%/yr for IWMY.
Performance
VEA vs. IWMY - Performance Comparison
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Returns By Period
In the year-to-date period, VEA achieves a 12.02% return, which is significantly higher than IWMY's 10.55% return.
VEA
- 1D
- 1.00%
- 1M
- -1.37%
- YTD
- 12.02%
- 6M
- 14.95%
- 1Y
- 28.06%
- 3Y*
- 18.65%
- 5Y*
- 9.09%
- 10Y*
- 10.14%
IWMY
- 1D
- 0.63%
- 1M
- -0.57%
- YTD
- 10.55%
- 6M
- 8.47%
- 1Y
- 19.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VEA vs. IWMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VEA Vanguard FTSE Developed Markets ETF | 12.02% | 35.16% | 3.15% | 15.13% |
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 10.55% | 10.18% | 5.56% | 10.06% |
Correlation
The correlation between VEA and IWMY is 0.70, 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 | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2023 | 0.68 |
The correlation between VEA and IWMY has been stable across timeframes, ranging from 0.68 to 0.70 - a consistent structural relationship.
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Return for Risk
VEA vs. IWMY — Risk / Return Rank
VEA
IWMY
VEA vs. IWMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Markets ETF (VEA) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). 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.
| VEA | IWMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.21 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 1.71 | +0.72 |
| Martin ratioReturn relative to average drawdown | 9.39 | 5.59 | +3.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VEA | IWMY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 1.23 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.90 | -0.66 |
Drawdowns
VEA vs. IWMY - Drawdown Comparison
The maximum VEA drawdown since its inception was -60.68%, which is greater than IWMY's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for VEA and IWMY.
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Drawdown Indicators
| VEA | IWMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.68% | -18.72% | -41.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -11.57% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | -13.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -29.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.73% | — | — |
Current DrawdownCurrent decline from peak | -3.40% | -2.89% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -13.29% | -2.98% | -10.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 3.53% | -0.53% |
Volatility
VEA vs. IWMY - Volatility Comparison
Vanguard FTSE Developed Markets ETF (VEA) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) have volatilities of 6.03% and 6.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEA | IWMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 6.26% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 13.91% | 13.20% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.15% | 16.15% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.63% | 15.90% | +0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.40% | 15.90% | +1.50% |
VEA vs. IWMY - Expense Ratio Comparison
VEA has a 0.03% expense ratio, which is lower than IWMY's 0.99% expense ratio.
Dividends
VEA vs. IWMY - Dividend Comparison
VEA's dividend yield for the trailing twelve months is around 2.69%, less than IWMY's 46.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF | 46.29% | 63.33% | 107.92% | 11.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VEA Vanguard FTSE Developed Markets ETF | 2.69% | 3.22% | 3.35% | 3.15% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% |
Frequently Asked Questions
VEA and IWMY have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IWMY has higher volatility (6.26%) compared to VEA (6.03%). In terms of maximum drawdown, VEA dropped -60.68% vs IWMY's -18.72%.
On 1-year performance, VEA leads with 28.06% vs 19.66% for IWMY. On fees, VEA is cheaper at 0.03% per year. On volatility, VEA has been the lower-risk option at 6.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VEA has performed better with a 28.06% return vs 19.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VEA is cheaper with a 0.03% expense ratio, compared with 0.99% for IWMY.
IWMY has the higher dividend yield at 46.29%, compared with 2.69% for VEA.
VEA is categorized as Foreign Large Cap Equities, while IWMY is Options Trading. VEA tracks FTSE Developed All Cap ex US Index, while IWMY tracks Russell 2000 Index. They also come from different issuers: Vanguard and Defiance. Their fees differ too: 0.03% for VEA and 0.99% for IWMY.
VEA currently has the higher Sharpe Ratio (1.75 vs 1.23), 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.
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