VEA vs. SPDW
Compare and contrast key facts about Vanguard FTSE Developed Markets ETF (VEA) and SPDR Portfolio World ex-US ETF (SPDW).
VEA and SPDW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VEA is a passively managed fund by Vanguard that tracks the performance of the MSCI EAFE Index. It was launched on Jul 20, 2007. SPDW is a passively managed fund by State Street that tracks the performance of the S&P Developed Ex-U.S. BMI Index. It was launched on Apr 26, 2007. Both VEA and SPDW 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: VEA or SPDW.
Performance
VEA vs. SPDW - Performance Comparison
Returns By Period
In the year-to-date period, VEA achieves a 4.73% return, which is significantly lower than SPDW's 5.19% return. Both investments have delivered pretty close results over the past 10 years, with VEA having a 5.23% annualized return and SPDW not far behind at 5.11%.
VEA
4.73%
-3.33%
-0.80%
11.43%
5.91%
5.23%
SPDW
5.19%
-3.22%
-0.49%
11.79%
5.77%
5.11%
Key characteristics
| VEA | SPDW | |
|---|---|---|
| Sharpe Ratio | 0.91 | 0.95 |
| Sortino Ratio | 1.32 | 1.36 |
| Omega Ratio | 1.16 | 1.17 |
| Calmar Ratio | 1.36 | 1.28 |
| Martin Ratio | 4.25 | 4.46 |
| Ulcer Index | 2.74% | 2.71% |
| Daily Std Dev | 12.79% | 12.76% |
| Max Drawdown | -60.70% | -60.02% |
| Current Drawdown | -7.56% | -7.40% |
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VEA vs. SPDW - Expense Ratio Comparison
VEA has a 0.05% expense ratio, which is higher than SPDW's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between VEA and SPDW is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
VEA vs. SPDW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Markets ETF (VEA) and SPDR Portfolio World ex-US ETF (SPDW). 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
VEA vs. SPDW - Dividend Comparison
VEA's dividend yield for the trailing twelve months is around 3.05%, more than SPDW's 2.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEA Vanguard FTSE Developed Markets ETF | 3.05% | 3.16% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% | 3.68% | 2.60% |
SPDW SPDR Portfolio World ex-US ETF | 2.75% | 2.75% | 3.12% | 3.04% | 1.87% | 3.13% | 3.08% | 1.86% | 3.11% | 2.79% | 3.51% | 2.37% |
Drawdowns
VEA vs. SPDW - Drawdown Comparison
The maximum VEA drawdown since its inception was -60.70%, roughly equal to the maximum SPDW drawdown of -60.02%. Use the drawdown chart below to compare losses from any high point for VEA and SPDW. For additional features, visit the drawdowns tool.
Volatility
VEA vs. SPDW - Volatility Comparison
Vanguard FTSE Developed Markets ETF (VEA) and SPDR Portfolio World ex-US ETF (SPDW) have volatilities of 3.54% and 3.63%, 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.