VEGN vs. GRW

Last updated Jun 3, 2026

VEGN (US Vegan Climate ETF) and GRW (TCW Durable Growth ETF) are both Large Cap Growth Equities funds. VEGN is passively managed, while GRW is actively managed. A 0.50 correlation means they provide meaningful diversification when combined. VEGN charges 0.60%/yr vs 0.75%/yr for GRW.

Performance

VEGN vs. GRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Vegan Climate ETF (VEGN) and TCW Durable Growth ETF (GRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VEGN

• 1D: 1.08%
• 1M: 19.56%
• YTD: 32.90%
• 6M: 34.35%
• 1Y: 52.58%
• 3Y*: 30.29%
• 5Y*: 17.14%
• 10Y*: —

GRW

• 1D: -0.13%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VEGN vs. GRW - Yearly Performance Comparison

	2026 (YTD)
VEGN US Vegan Climate ETF	5.17%
GRW TCW Durable Growth ETF	1.61%

Correlation

The correlation between VEGN and GRW is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.50

VEGN vs. GRW - Sectors Allocation Comparison

Sectors	VEGN	GRW
Technology	56.2%	26.6%
Financial Services	15.8%	9.8%
Communication Services	10.7%	9.1%
Industrials	5.7%	38.1%
Healthcare	5.6%	4.1%
Real Estate	3.7%	-
Consumer Cyclical	2.1%	8.3%
Basic Materials	0.1%	4.0%
Utilities	0.1%	-
Consumer Defensive	0.0%	-
Energy	-	-

Return for Risk

VEGN vs. GRW — Risk / Return Rank

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

VEGN

VEGN Risk / Return Rank: 87
VEGN Sharpe Ratio Rank: 91
VEGN Sortino Ratio Rank: 90
VEGN Omega Ratio Rank: 87
VEGN Calmar Ratio Rank: 83
VEGN Martin Ratio Rank: 86

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.

VEGN vs. GRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Vegan Climate ETF (VEGN) and TCW Durable Growth ETF (GRW). 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.

	VEGN	GRW	Difference
Sharpe ratio Return per unit of total volatility	3.25	—	—
Sortino ratio Return per unit of downside risk	4.22	—	—
Omega ratio Gain probability vs. loss probability	1.55	—	—
Calmar ratio Return relative to maximum drawdown	4.46	—	—
Martin ratio Return relative to average drawdown	18.23	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VEGN	GRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.25	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	37.56	-36.69

Drawdowns

VEGN vs. GRW - Drawdown Comparison

The maximum VEGN drawdown since its inception was -34.14%, which is greater than GRW's maximum drawdown of -0.13%. Use the drawdown chart below to compare losses from any high point for VEGN and GRW.

Drawdown Indicators

	VEGN	GRW	Difference
Max Drawdown Largest peak-to-trough decline	-34.14%	-0.13%	-34.01%
Max Drawdown (1Y) Largest decline over 1 year	-11.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-20.91%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.40%	—	—
Current Drawdown Current decline from peak	0.00%	-0.13%	+0.13%
Average Drawdown Average peak-to-trough decline	-7.59%	-0.04%	-7.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	—	—

Volatility

Volatility by Period

	VEGN	GRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.95%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.38%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.24%	9.26%	+6.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.27%	9.26%	+11.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.77%	9.26%	+13.51%

VEGN vs. GRW - Expense Ratio Comparison

VEGN has a 0.60% expense ratio, which is lower than GRW's 0.75% expense ratio.

Dividends

VEGN vs. GRW - Dividend Comparison

VEGN's dividend yield for the trailing twelve months is around 0.44%, while GRW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GRW TCW Durable Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEGN US Vegan Climate ETF	0.44%	0.51%	0.51%	0.67%	0.81%	0.41%	0.71%	0.29%

Frequently Asked Questions

Can I hold both VEGN and GRW in my portfolio?

VEGN and GRW have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VEGN or GRW?

On fees, VEGN is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VEGN or GRW?

VEGN is cheaper with a 0.60% expense ratio, compared with 0.75% for GRW.

Which ETF pays a higher dividend yield, VEGN or GRW?

VEGN has the higher dividend yield at 0.44%, compared with 0.00% for GRW.

What is the main difference between VEGN and GRW?

They also come from different issuers: Beyond Investing and TCW. Their fees differ too: 0.60% for VEGN and 0.75% for GRW.