VEA vs. VOLT

Last updated Jun 14, 2026

VEA (Vanguard FTSE Developed Markets ETF) and VOLT (Tema Electrification ETF) are both exchange-traded funds - VEA is a Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index, while VOLT is a Energy Equities fund actively managed by Tema. VEA is passively managed, while VOLT is actively managed. Over the past year, VEA returned 31.41% vs 62.39% for VOLT. A 0.62 correlation means they provide meaningful diversification when combined. VEA charges 0.03%/yr vs 0.75%/yr for VOLT.

Performance

VEA vs. VOLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Developed Markets ETF (VEA) and Tema Electrification ETF (VOLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEA achieves a 14.73% return, which is significantly lower than VOLT's 36.32% return.

VEA

• 1D: 0.34%
• 1M: 3.58%
• YTD: 14.73%
• 6M: 16.65%
• 1Y: 31.41%
• 3Y*: 19.03%
• 5Y*: 9.51%
• 10Y*: 10.72%

VOLT

• 1D: 1.28%
• 1M: -0.71%
• YTD: 36.32%
• 6M: 35.03%
• 1Y: 62.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VEA vs. VOLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VEA Vanguard FTSE Developed Markets ETF	14.73%	35.16%	-4.00%
VOLT Tema Electrification ETF	36.32%	25.92%	-8.98%

Correlation

The correlation between VEA and VOLT is 0.60, 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	0.60
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.62

The correlation between VEA and VOLT has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.

VEA vs. VOLT - Sectors Allocation Comparison

Sectors	VEA	VOLT
Financial Services	23.3%	0.5%
Industrials	19.2%	46.7%
Technology	13.8%	12.2%
Healthcare	8.2%	-
Basic Materials	7.5%	-
Consumer Cyclical	7.5%	3.4%
Consumer Defensive	5.6%	-
Energy	5.4%	5.1%
Communication Services	3.4%	-
Utilities	3.3%	31.8%
Real Estate	2.7%	-

Return for Risk

VEA vs. VOLT — Risk / Return Rank

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

VEA

VEA Risk / Return Rank: 62
VEA Sharpe Ratio Rank: 63
VEA Sortino Ratio Rank: 62
VEA Omega Ratio Rank: 63
VEA Calmar Ratio Rank: 59
VEA Martin Ratio Rank: 63

VOLT

VOLT Risk / Return Rank: 91
VOLT Sharpe Ratio Rank: 92
VOLT Sortino Ratio Rank: 89
VOLT Omega Ratio Rank: 88
VOLT Calmar Ratio Rank: 94
VOLT Martin Ratio Rank: 90

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.

VEA vs. VOLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Markets ETF (VEA) and Tema Electrification ETF (VOLT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VEA	VOLT	Difference
Sharpe ratio: Return per unit of total volatility	1.81	2.87	-1.06
Sortino ratio: Return per unit of downside risk	2.50	3.62	-1.11
Omega ratio: Gain probability vs. loss probability	1.33	1.47	-0.14
Calmar ratio: Return relative to maximum drawdown	2.58	6.35	-3.78
Martin ratio: Return relative to average drawdown	9.92	17.90	-7.98

VEA vs. VOLT - Sharpe Ratio Comparison

The current VEA Sharpe Ratio is 1.81, which is lower than the VOLT Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of VEA and VOLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VEA vs. VOLT - Drawdown Comparison

The maximum VEA drawdown since its inception was -60.68%, which is greater than VOLT's maximum drawdown of -23.40%. Use the drawdown chart below to compare losses from any high point for VEA and VOLT.

Drawdown Indicators

	VEA	VOLT	Difference
Max Drawdown Largest peak-to-trough decline	-60.68%	-23.40%	-37.28%
Max Drawdown (1Y) Largest decline over 1 year	-11.63%	-9.59%	-2.04%
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 Drawdown Current decline from peak	-1.06%	-4.76%	+3.70%
Average Drawdown Average peak-to-trough decline	-13.28%	-5.19%	-8.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	3.40%	-0.38%

Volatility

VEA vs. VOLT - Volatility Comparison

The current volatility for Vanguard FTSE Developed Markets ETF (VEA) is 6.84%, while Tema Electrification ETF (VOLT) has a volatility of 9.23%. This indicates that VEA experiences smaller price fluctuations and is considered to be less risky than VOLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEA	VOLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.84%	9.23%	-2.39%
Volatility (6M) Calculated over the trailing 6-month period	14.38%	18.19%	-3.81%
Volatility (1Y) Calculated over the trailing 1-year period	16.58%	21.28%	-4.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.72%	24.40%	-7.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.40%	24.40%	-7.00%

VEA vs. VOLT - Expense Ratio Comparison

VEA has a 0.03% expense ratio, which is lower than VOLT's 0.75% expense ratio.

Dividends

VEA vs. VOLT - Dividend Comparison

VEA's dividend yield for the trailing twelve months is around 2.62%, more than VOLT's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VEA Vanguard FTSE Developed Markets ETF	2.62%	3.22%	3.35%	3.15%	2.91%	3.16%	2.04%	3.04%	3.35%	2.77%	3.05%	2.92%
VOLT Tema Electrification ETF	0.33%	0.46%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VEA and VOLT in my portfolio?

VEA and VOLT have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VEA or VOLT?

VOLT has higher volatility (9.23%) compared to VEA (6.84%). In terms of maximum drawdown, VEA dropped -60.68% vs VOLT's -23.40%.

Which ETF is better, VEA or VOLT?

On 1-year performance, VOLT leads with 62.39% vs 31.41% for VEA. On fees, VEA is cheaper at 0.03% per year. On volatility, VEA has been the lower-risk option at 6.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VEA or VOLT?

Over the 1-year period, VOLT has performed better with a 62.39% return vs 31.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VEA or VOLT?

VEA is cheaper with a 0.03% expense ratio, compared with 0.75% for VOLT.

Which ETF pays a higher dividend yield, VEA or VOLT?

VEA has the higher dividend yield at 2.62%, compared with 0.33% for VOLT.

What is the main difference between VEA and VOLT?

VEA is categorized as Foreign Large Cap Equities, while VOLT is Energy Equities. They also come from different issuers: Vanguard and Tema. Their fees differ too: 0.03% for VEA and 0.75% for VOLT.

Which has better risk-adjusted returns?

VOLT currently has the higher Sharpe Ratio (2.87 vs 1.81), 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.