VEA vs. VOO
Compare and contrast key facts about Vanguard FTSE Developed Markets ETF (VEA) and Vanguard S&P 500 ETF (VOO).
VEA and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both VEA and VOO 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 VOO.
Key characteristics
| VEA | VOO | |
|---|---|---|
| Sharpe Ratio | 1.01 | 2.80 |
| Sortino Ratio | 1.45 | 3.72 |
| Omega Ratio | 1.18 | 1.52 |
| Calmar Ratio | 1.61 | 4.05 |
| Martin Ratio | 4.45 | 18.34 |
| Ulcer Index | 2.92% | 1.86% |
| Daily Std Dev | 12.85% | 12.22% |
| Max Drawdown | -60.70% | -33.99% |
| Current Drawdown | -5.55% | 0.00% |
Correlation
The correlation between VEA and VOO is 0.83, 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.
Performance
VEA vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, VEA achieves a 7.00% return, which is significantly lower than VOO's 28.32% return. Over the past 10 years, VEA has underperformed VOO with an annualized return of 5.48%, while VOO has yielded a comparatively higher 13.34% annualized return.
VEA
7.00%
0.28%
0.21%
11.84%
6.29%
5.48%
VOO
28.32%
5.73%
15.16%
33.42%
16.05%
13.34%
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VEA vs. VOO - Expense Ratio Comparison
VEA has a 0.05% expense ratio, which is higher than VOO's 0.03% 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%.
Risk-Adjusted Performance
VEA vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Developed Markets ETF (VEA) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
VEA's dividend yield for the trailing twelve months is around 2.98%, more than VOO's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEA Vanguard FTSE Developed Markets ETF | 2.98% | 3.16% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% | 3.68% | 2.60% |
VOO Vanguard S&P 500 ETF | 1.22% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
VEA vs. VOO - Drawdown Comparison
The maximum VEA drawdown since its inception was -60.70%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for VEA and VOO. For additional features, visit the drawdowns tool.
Volatility
VEA vs. VOO - Volatility Comparison
Vanguard FTSE Developed Markets ETF (VEA) has a higher volatility of 3.71% compared to Vanguard S&P 500 ETF (VOO) at 3.33%. This indicates that VEA's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.