VEU vs. SPDW
Compare and contrast key facts about Vanguard FTSE All-World ex-US ETF (VEU) and SPDR Portfolio World ex-US ETF (SPDW).
VEU and SPDW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VEU is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World ex US Index. It was launched on Mar 2, 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 VEU 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: VEU or SPDW.
Key characteristics
| VEU | SPDW | |
|---|---|---|
| YTD Return | 8.34% | 9.82% |
| 1Y Return | 15.95% | 19.50% |
| 5Y Return (Ann) | 3.30% | 3.58% |
| 10Y Return (Ann) | 3.84% | 4.16% |
| Sharpe Ratio | 0.87 | 1.02 |
| Daily Std Dev | 16.63% | 17.24% |
| Max Drawdown | -61.52% | -60.02% |
Correlation
The correlation between VEU and SPDW is 0.93, 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.
VEU vs. SPDW - Performance Comparison
In the year-to-date period, VEU achieves a 8.34% return, which is significantly lower than SPDW's 9.82% return. Over the past 10 years, VEU has underperformed SPDW with an annualized return of 3.84%, while SPDW has yielded a comparatively higher 4.16% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VEU vs. SPDW - Dividend Comparison
VEU's dividend yield for the trailing twelve months is around 3.08%, more than SPDW's 2.89% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEU Vanguard FTSE All-World ex-US ETF | 3.08% | 3.18% | 3.23% | 2.16% | 3.44% | 3.74% | 3.14% | 3.60% | 3.70% | 4.53% | 3.54% | 4.02% |
SPDW SPDR Portfolio World ex-US ETF | 2.89% | 3.18% | 3.19% | 2.02% | 3.46% | 3.51% | 2.19% | 3.73% | 3.45% | 4.45% | 3.10% | 3.00% |
VEU vs. SPDW - Expense Ratio Comparison
VEU vs. SPDW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World ex-US ETF (VEU) 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
VEU Vanguard FTSE All-World ex-US ETF | 0.87 | ||||
SPDW SPDR Portfolio World ex-US ETF | 1.02 |
VEU vs. SPDW - Drawdown Comparison
The maximum VEU drawdown for the period was -16.62%, roughly equal to the maximum SPDW drawdown of -15.56%. The drawdown chart below compares losses from any high point along the way for VEU and SPDW
VEU vs. SPDW - Volatility Comparison
Vanguard FTSE All-World ex-US ETF (VEU) and SPDR Portfolio World ex-US ETF (SPDW) have volatilities of 3.31% and 3.34%, 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.